Best quarterly freight loading for SCR at 28.6 MT, over Rs 2k cr revenue

Secunderabad (IANS) The South Central Railway (SCR) zone on Saturday said it recorded the best freight loading figures of 28.6 metric tonne (MT) in the first quarter (Q1) of 2021-22 valued at Rs 2,478 crore.

According to the Railways, this…

RBI warns against combination of high public debt, low interest rates

Mumbai (IANS) As economies around the world witness ultra-low interest rates and rising public debt amid the pandemic, the Reserve Bank of India (RBI) has said that the combination would pose challenges.

The pandemic response saw a tight interaction…

Foreign liabilities rise as NRI claims hike to $352.7B in March

Mumbai (IANS) Net claims of non-residents in India increased by $11.2 billion during the Q4FY21 to $352.7 billion due to larger increase in foreign-owned assets as compared to the overseas financial assets of Indians.

The foreign owned assets…

Delhi Airport sees growth in passenger traffic numbers

New Delhi (IANS) After a significant drop in traffic due to the second wave of the Covid-19 pandemic, the Delhi Airport on Thursday said that it has started witnessing growth in passenger numbers slowly but steadily post relaxation in lockdown and…

Special GST Council meet soon to discuss compensation: Sitharaman

Bengaluru (IANS) Union Finance Minister Nirmala Sitharaman said on Thursday that a special session of the GST Council will be held soon to discuss all compensation-related issues.

Sitharaman, who is on a two-day visit to Karnataka, said that…

RBI Guv calls for sustained policy support, stronger capital buffer by banks

Mumbai (IANS) RBI Governor Shaktikanta Das has said that sustained policy support along with further strengthening of capital buffers by banks and other financial institutions remain vital amid the Covid-19 pandemic.

In his foreword to the…

Zomato's $100M investment to turn Grofers into unicorn: Report

New Delhi (IANS) Food delivery app Zomato, which is working to explore public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about a 10 per cent stake.

According to TechCrunch, the proposed…

International flights suspension extended till July 31

New Delhi (IANS) India on Wednesday extended the suspension on international commercial flight operations till July 31, 2021.

"In partial modification of circular dated 26-06-2020, the competent authority has further extended the validity of…

India's Apr-May fiscal deficit reaches 8.2% of FY22 target

New Delhi (IANS) India's April-May budgetary fiscal deficit reached 8.2 per cent of FY22 target, official data showed on Wednesday.

Accordingly, India's fiscal deficit -- the difference between revenue and expenditure -- for the April-May…

Fuel price rise continues unabated, rates rise sharply again

New Delhi (IANS) Global cues pushed fuel prices to increase again across the country on Tuesday adding more misery for the common man already grappling with rising food prices amid shrinking income.

The retail prices of petrol and diesel rose…