Revenue of about $15.3 billion is expected to be generated in 20 years from 25 contract areas covering 59 oil and gas fields that have been discovered, an official said here on Wednesday. The Centre launched the bid round II under Discovered Small Fields (DSF) policy last month. Under this bid round, there are 25 […]
Day: September 19, 2018
Cabinet approves new electrified railway line between Indore and Budni
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved construction of a new railway line between Budni and Indore (Mangaliyagaon) with electrification, at an estimated cost of Rs. 3261.82 crore. Generating direct employment for about 49.32 lakh days, the project aims at reducing the distance between Jabalpur and Indore by […]
Income tax department conducts survey operation at Jet Airways
The Income Tax department team is conducting survey operation at Naresh Goyal-controlled Jet Airways’ four business premises in New Delhi and Mumbai, said two persons in the know. According to I-T sources, the tax department is probing the airline for falsification of book of accounts, siphoning of funds and issue of suspicious bogus expenses booked […]
Brussels Airlines to bow out of Mumbai
Citing economic constraints, Belgium’s national carrier Brussels Airlines will cease its Mumbai sector services from January 2019, it was announced here on Wednesday. The development comes barely 18 months after the airline launched the Mumbai-Brussels route in March 2017, its first-ever in the Indian sub-continent, and claimed good patronage among Indian leisure and business travellers. […]