Business

DAINIK NATION BUREAU The pilot commanding the Air India Boeing 787 Dreamliner that hit severe air turbulence between Amritsar and New Delhi on Thursday reportedly had “never seen anything like this ever”. The incident has been described as a “freak kind of severe turbulence”. Three passengers were injured when flight AI-462, a 6-year-old Boeing 787, one of the most modern ...

The Reserve Bank of India has placed curbs on the business activities of Mumbai-based City Co-operative Bank and also said that customers of the cooperative bank will not be allowed to withdraw more than Rs. 1,000 per deposit account. In a statement released on April 18, the RBI said that it has “placed The City Co-operative Bank Ltd, Mumbai under ...

Gold prices rose by another Rs 135 to Rs 31,290 per 10 grams, due to token buying by jewellers on the occasion of Akshaya Tritiya, but a subdued trend overseas capped the gains. Silver rescaled the Rs 39,000-mark by jumping Rs 620 to Rs 39,565 per kg on increased offtake by industrial units. Traders said, besides token purchases by consumers ...

DAINIK NATION BUREAU Are you struggling to get cash from ATMs and your branch? Are you not getting cash as per your need ? If answer is yes then you will have to wait more because RBI has been grappling with shortage of raw materials like paper and ink. ATMs around the country not only in the rural areas, but ...

DAINIK NATION BUREAU Amid reports of ATMs running dry and banks suffering from cash crunch too in various parts of the country, the government and Reserve Bank of India (RBI) on Tuesday announced to ramp up printing of Rs 500 notes by five times. While the government attributed the problem to “sudden and unusual demand”, the RBI denied cash shortage ...

DAINIK NATION BUREAU The Ministry of Road Transport and Highways is planning to develop a new e-way between Delhi and Mumbai. This would reduce the travel time by 12 hours between two metros. This was disclosed by the Minister Nitin Gadkari while releasing a joint study report on “Insurance requirements of the Indian Logistics and Warehousing Industry”, here on Tuesday said ...

The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official said today. The single Income Tax Return (ITR) form, notified by the CBDT on April 5, has been put on its website, https://www.incometaxindiaefiling.gov.in, yesterday. “Other ITRs wil be available shortly,” he said. ...

DAINIK NATION BUREAU For the last few weeks, several states especially BIMARU states have reported shortage of currency. Now similar reports are coming from eastern Maharashtra, Bihar and Gujarat too. The government is checking with banks and the Reserve Bank of India to ensure adequate supply of currency. Sources in the finance ministry said the cash crunch was not alarming ...

Proper implementation of the Goods and Services Tax (GST) in India can be worked upon and is not an “unfixable problem”, former RBI governor Raghuram Rajan has said, reiterating that demonetisation was “not a well-planned, well thought-out” move. With the Modi government bringing in ambitious reforms like GST and demonetisation, Rajan said it would be good if such measures were ...

audi Aramco, the world’s biggest oil company, on Wednesday announced a $44-billion deal to build a giant refinery complex in India with three Indian firms. The refinery at Ratnagiri on the west coast will handle up to 1.2 million barrels of oil a day, the Saudi company said in a statement after signing a memorandum of understanding with Indian Oil ...