Business

Air tickets, identity cards to become redundant; flyers can use facial recognition to enter airport

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The facial recognition technology will be implemented in Hyderabad airport from March onwards. New Delhi: The hassle to show air tickets and identity cards at Airport will be over as air travellers can soon enter airport with facial recognition biometric facility. GMR Hyderabad International Airport Ltd (GHIAL) that operates the Rajiv Gandhi International Airport (RGIA), has successfully conducted the trial ...

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Retail inflation slows to 18-month low of 2.19% in December

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The rate of price rise in vegetables, fruits and protein-rich eggs continued to decline. New Delhi: Retail inflation declined to an 18-month low of 2.19 percent in December 2018 mainly on account of sliding prices of fruits, vegetables and fuel. The inflation based on the Consumer Price Index (CPI) was 2.33 percent in November and 5.21 percent in December 2017. ...

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India to add 1,000 aircraft in 7-8 years: Govt official

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The domestic aviation has been growing at 20 per cent every year, for the last four years. Mumbai: The country is going to add 1,000 aircraft over the next 7-8 years, a top government official said Tuesday. “We would be adding about 1,000 more aircraft in about next 7-8 years,” Ministry of Civil Aviation secretary, RN Choubey, said, adding that ...

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Exports up 0.34% in Dec 2018; trade deficit narrows

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The trade deficit stood at USD 14.2 billion in December 2017. New Delhi: The country’s exports grew marginally by 0.34 percent to USD 27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data. Imports, however, dipped by 2.44 percent to USD 41 billion during the ...

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Interim Budget 2019: Railways seeks Rs 70,000 crore, says 7th Pay Commission payout putting additional pressure

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Railways has to bear additional burden of around Rs 23,000 crore on account of implementation of the 7th Pay Commission awards. New Delhi: The Ministry of Railways has sought Gross Budgetary Support (GBS) of upto Rs 70,000 crore as Finance Minister Arun Jaitley is set to present the Interim Budget 2019 on February 1. As per sources, the Railway Ministry ...

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Interim Budget 2019: Railways seeks Rs 70,000 crore, says 7th Pay Commission payout putting additional pressure

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Railways has to bear additional burden of around Rs 23,000 crore on account of implementation of the 7th Pay Commission awards. New Delhi: The Ministry of Railways has sought Gross Budgetary Support (GBS) of upto Rs 70,000 crore as Finance Minister Arun Jaitley is set to present the Interim Budget 2019 on February 1. As per sources, the Railway Ministry ...

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Maruti all-new WagonR 2019 available for booking at Rs 11,000

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New Delhi: Country’s largest car manufacturer Maruti Suzuki India on Monday said that its all-new WagonR is available for booking starting today. Customers can book the 3rd generation WagonR at authorized dealer network across the country by paying Rs 11,000. They can also book the car online. The New WagonR is powered by the advanced K-series engine offering high fuel ...

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World Bank pegs India’s GDP growth at 7.3 % in 2018-19

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India will continue to be the fastest growing major economy in the world, according to the World Bank   India’s GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. It said India will continue to be ...

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Tax threshold among key GST meet agenda

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Rate cut for under construction properties, composition scheme for small service providers on cards Some of the key issues likely to be discussed during the 32nd GST Council meeting on Thursday include increasing the ₹20-lakh threshold for GST eligibility, reducing tax rate on under-construction properties in a bid to boost the real estate sector, extension of the composition scheme to ...

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