Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman has called for an early conclusion of the India-US trade agreement, stressing its importance for bilateral economic relations and global trade.Her remarks come a day after commerce and industry minister Piyush Goyal said the first phase of the trade pact had been finalised and was…
Air India is forming a dedicated team to identify cost-saving opportunities in operations while facing significant challenges. NEW DELHI: Air India MD and CEO Tewolde Gebremariam has set up a “multidisciplinary, cross-functional cost savings team” to find all possible ways and means of reducing expenditure on “full-time basis” amid mounting losses. Air India reported a…
Mukesh Ambani owned Reliance responds to allegations involving Musk’s Starlink NEW DELHI: Reliance Industries has welcomed Elon Musk’s Starlink to India, saying it has never feared competition and that its own satellite services are also in the queue.The statement comes as a response to Musk’s repeated allegations that vested interests were obstructing Starlink’s entry into…
Rupee gains 20 paise against US dollar NEW DELHI: Rupee began Friday on a strong note, gaining 20 paise from its previous close to 94.79 against the US dollar. The rise came as American currency weakened and the impact of the Reserve Bank of India’s structural forex interventions supported the unit.The gains, however, remained limited…
The Income Tax Department restricted her exemption to Rs 3 lakh and sought to tax the balance of Rs 6.04 lakh. (Image for representative purpose only) How much of your leave encashment is exempt from income tax? That depends on whether you are a government employee or a private sector employee. The limit for private…
Govt raises petrol export duty, cuts diesel levy NEW DELHI: The government has raised the export duty on petrol fivefold to Rs 2.5 per litre from Rs 0.5, while cutting the levy on diesel to Rs 8.5 per litre from Rs 16. The revised rates came into effect on October 16.The export duty on aviation…
