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Vistara to start flights on Mumbai-Colombo route from November 25

PTI New Delhi Full-service carrier Vistara on Friday said it will start non-stop flights on the Mumbai-Colombo route from November 25 this year. The flight will fly six days a week and won’t be flying on Wednesdays, it said. Colombo will be the fourth international destination for the airline. Since August this year, the airline has started flights connecting India …

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India climbs 14 places on ease of doing business list

PTI Washington/New Delhi India climbed 14 positions in the World Bank’s Ease of Doing Business ranking to stand at the 63rd position and figured among the world’s top 10 most improved countries for the third consecutive time on the back of faster bankruptcy resolution and issuance of construction permits. The rise, which comes on the back of a 23-spot jump …

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Sitharaman promises further GST simplification

PTI New Delhi Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it will help in further improving India’s ranking in the World Bank’s ease of doing business index. India has jumped 14 places to rank 63rd out of 190 countries in the World Bank’s Doing Business …

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MSP for wheat, pulses hiked

PTI New Delhi The government on Wednesday hiked the minimum support price (MSP) for wheat by Rs 85 to Rs 1,925 a quintal and for pulses by up to Rs 325 per quintal. A decision in this regard was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi. The MSP is …

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Govt eases rules for setting up petrol pumps

PTI New Delhi In the biggest reform in fuel retailing sector in almost two decades, the government on Wednesday relaxed norms for setting up petrol pumps, allowing non-oil companies to venture into the business – a move that could help private and foreign firms to enter the world’s fastest-growing market. At present, to obtain a fuel retailing licence in India, …

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BSE seeks explanation from Infosys

PTI New Delhi Leading exchange Bombay Stock Exchange (BSE) on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint, which alleged that the company’s top executives were following “unethical practices” to shore up profits through irregular accounting ways. On Tuesday, Infosys chairman Nandan Nilekani said the whistleblower complaint dated September 20 had been …

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Centre relaxes gift policy for employees, hikes monetary limits

PTI New Delhi The central government has increased the monetary limits for accepting gifts for all its employees, relaxing the ceiling by more than three-fold, officials said on Tuesday. All officials under Groups ‘A’ and ‘B’ categories shall not accept any gift without the sanction of the government if the value exceeds Rs 5,000, they said, citing recently-amended rules. The …

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PMC Bank depositors’ woes mount as RBI Governor abroad

IANS Mumbai The aggrieved depositors of the scam-hit Punjab and Maharashtra Cooperative Bank Ltd found no solution at a meeting with Reserve Bank of India (RBI) officials as the apex bank Governor Shaktikanta Das is currently touring abroad, representatives said here on Tuesday. A delegation of the protesting depositors, which was called by the RBI for a meeting, was reportedly …

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DoT prepares Rs74,000 cr revival plan for BSNL, MTNL

IANS New Delhi The DoT will send a proposal to the cabinet for a revival plan worth Rs 74,000 crore for the ailing state-run telecom firms – BSNL and MTNL – where Rs 22,000 crore would be in the way of capital infusion for acquiring 4G spectrum, and for a voluntary retirement scheme (VRS), part of the expenditure for which …

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IndiGo scouts for Central Asian destinations, more China flights

IANS Ho Chi Minh City After consolidating its presence in West and Southeast Asia, India’s largest passenger carrier IndiGo plans to add more destinations in China next year followed by a likely entry into the Central Asian market. Moreover, the airline has also not ruled-out the possibility to start a maiden flight service to Cambodia. Neither has it given up …

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