Budget airline IndiGo and full-service carrier Vistara on Monday ana nounced sale on major routes. On IndiGo, the passengers can book the domestic as well as international tickets anytime between this Monday to Wednesday to get discounted price for the travel period between February 26 to September 28, the airline said. The sale on Vistara […]
Day: February 12, 2019
Govt says HAL made profits of Rs 7,334 cr in 3 years in wake of cash crunch
Hindustan Aeronautical Limited (HAL), the defence PSU, has registered a profit of Rs 7,334 crore since 2015-16 to September 2018, the government said Monday. In a written response to a question in the Rajya Sabha, Subhash Bhamre, Minister of State in the Defence Ministry, said the HAL posted a profit of Rs 1,998 crore in […]
CAG report likely to omit Rafale deal pricing in absolute numbers
The pricing of the Rafale jet fighter deal is likely to be mentioned in redacted form — which is without absolute numbers and with variables such as x, y and z — in a Comptroller and Auditor General (CAG) report, which may be tabled in Parliament on Tuesday. The report will also be on 10 […]
Rafale row: Govt rejects ‘conflict of interest’ charge against CAG Mehrishi
The Central government on Monday rejected allegation of “conflict of interest” levied by the Congress party against CAG Rajiv Mehrishi over the audit agency’s proposed report on the Rafale deal, saying he never dealt with expenditure proposals from the Ministry of Defence as Finance Secretary. The development comes a day after the Congress party accused […]
Ruling Congress stops 8,493 BJP-approved infra projects in Chhattisgarh
The newly-formed Congress government in Chhattisgarh had stopped the execution of 8,493 infrastructure development projects that were approved by the previous Bharatiya Janata Party (BJP) government. “In all, 203 projects would continue while the state government had stopped further construction of 8,493 projects (that were approved by the previous BJP government),” Chief Minister Bhupesh Baghel […]
After NCLT nod, ICAI arm to reopen books of financially crippled IL&FS
An arm of Institute of Chartered Accountants of India (ICAI) will be reopening the books of the financially crippled infra lender IL&FS. The Mumbai bench of the National Company Law Tribunal (NCLT) had on January 1 directed the reopening of the books and recasting of the financial statements of IL&FS, IL&FS Financial Services, IL&FS Transportation […]
NCLAT allows 22 IL&FS group companies to service debt obligations
The National Company Law Appellate Tribunal (NCLAT) on Monday allowed 22 companies placed under the “green” category by the new board of Infrastructure Leasing & Financial Services (IL&FS) and the government to start servicing routine debt obligations, according to schedule. These debt obligations will be done within the resolution framework under the supervision of retired […]