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Privatizing Air India means Rs 30k cr bailout money could be used to cap jet fuel rates: Is the govt listening?

Mar 17, 2016 at 13:23 | Source: FirstPost

New Delhi: The government continues to treat flying as a rich mans mode of transport, levying fresh taxes on jet fuel and this is where its fatal policy flaw lies. The potential for economic development of India is linked with growth in its aviation ...

Privatising Air India means Rs 30000 cr could be used to cap jet fuel rates: Is govt listening?

Mar 17, 2016 at 13:23 | Source: FirstPost

New Delhi: The government continues to treat flying as a rich mans mode of transport, levying fresh taxes on jet fuel and this is where its fatal policy flaw lies. The potential for economic development of India is linked with growth in its aviation ...

Sri Lanka's economic growth slows as tea exports reduces

Mar 15, 2016 at 19:25 | Source: FirstPost

Colombo: Sri Lanka's economic growth slowed slightly to 4.8 percent last year due to a fall in exports of its main commodity, tea, official figures showed on Tuesday.The figure marked only a marginal decline on 2014, but will add to concerns after in...

Banks were made to bail out Vijay mallya under UPA rule: BJP

Mar 11, 2016 at 17:38 | Source: FirstPost

New Delhi:With Congress attacking the government over liquor baron Vijay Mallya leaving the country, BJP today accused it of "misleading" people and asked it to come clean on the alleged bailout package given to him during UPA rule.Defendin...

Mallyas great escape: Did late, inadequate investigations help liquor-baron flee the country?

Mar 11, 2016 at 08:14 | Source: FirstPost

In the city of Djinn as Delhi is described by noted historian William Dalrymple, the citys politics gets rather eerie with furious circulation of rumours. One such unconfirmed report spoke eloquently about Vijay Mallyas overweening clout on the finan...

BJP hits back at Rahul; calls Vijay Mallya 'a sin of Congress'

Mar 10, 2016 at 21:14 | Source: FirstPost

New Delhi: Raking up a 2011 statement of the then Prime Minister Manmohan Singh, BJP on Thursday said he had "supported" rescuing Vijay Mallya's Kingfisher airline as it hit back at Rahul Gandhi over his barbs at the Modi government over th...

Mallyas great escape: Did late, inadequate investigations help the liquor-baron flee the country?

Mar 10, 2016 at 16:19 | Source: FirstPost

In the city of Djinn as Delhi is described by noted historian William Dalrymple, the citys politics gets rather eerie with furious circulation of rumours. One such unconfirmed report spoke eloquently about Vijay Mallyas overweening clout on the finan...

Greece, lenders resume bailout talks on fiscal gap, reforms| Reuters

Mar 10, 2016 at 04:30 | Source: FirstPost

ATHENS Greece and its international lenders resumed talks on Wednesday on its fiscal and reform progress, rekindling Athens' hopes that its first bailout review may be concluded before the end of April, with the big issue of pensions high on the agen...

Air India to opt for business, economy class seats in A320 neos

Mar 07, 2016 at 21:19 | Source: FirstPost

New Delhi: Buoyed by rising number of business travellers, Air India will opt for two-class seatconfiguration in the 14 Airbus 320 neo planes to be inducted into the fleet in the coming months.Air India is reverting to the two-class configuration aft...

Slovak PM Fico wins election but faces tough task to form majority| Reuters

Mar 06, 2016 at 10:45 | Source: FirstPost

BRATISLAVA Slovak Prime Minister Robert Fico won Saturday's parliamentary election, nearly complete results showed, but gains by opposition parties including far-right extremists will complicate formation of a new government.Fico, a leftist whose ant...

Slovak PM Fico leads election but no clear path to form majority| Reuters

Mar 06, 2016 at 09:15 | Source: FirstPost

BRATISLAVA Slovak Prime Minister Robert Fico was poised to win Saturday's parliamentary election, partial results showed, but gains by opposition parties including far-right extremists will complicate formation of a new government.Fico, a leftist who...

Dutch PM urges Turkey to cut migrant flows towards zero| Reuters

Mar 04, 2016 at 00:46 | Source: FirstPost

BRUSSELS Turkey must ensure the number of refugees and migrants leaving its shores for Europe drops towards zero, Dutch Prime Minister Mark Rutte said ahead of a meeting of EU and Turkish leaders on Monday. The 28-nation bloc is pushing for more effe...

Air India might get further funding if the allocated Rs 1,713 cr is not enough: Govt

Mar 02, 2016 at 17:56 | Source: FirstPost

New Delhi: Government on Wednesdayallayedapprehensions that the already strained finances of Air Indiamight see further pressure following reduced allocation offunds for the carrier in the next fiscal budget and said it iscommitted to infuse more equ...

Greek PM says lenders could return for bailout review in early March| Reuters

Mar 01, 2016 at 06:16 | Source: FirstPost

ATHENS International lenders could return to Greece within the first 10 days of March to complete a bailout review, Prime Minister Alexis Tsipras said on Tuesday, a move desperately needed by Athens to move on to debt relief talks."We should hav...

Budget 2016: FM gives ailing Air India a shot in the arm; allots Rs 1,713 crore

Feb 29, 2016 at 16:57 | Source: FirstPost

New Delhi:National carrier Air India, whichis expected to slash its net losses by around 40 per cent thisfiscal, will receive Rs 1,713 crore government funding for thenext fiscal.In the Union Budget for the 2016-17 financial year,presented by Finance...

'Greece was simply left on the outside': Merkel refuses to allow Greece to plunge into 'chaos'

Feb 29, 2016 at 12:41 | Source: FirstPost

Berlin:German Chancellor Angela Merkel hassaid the European Union cannot allow Greece, a country bailedout from its huge debt crisis, to plunge into "chaos" byshutting European borders to refugees."Do you seriously believe that all the...

'What has happened is exactly what we feared': Merkel refuses to allow Greece to plunge into 'chaos'

Feb 29, 2016 at 11:57 | Source: FirstPost

Berlin:German Chancellor Angela Merkel hassaid the European Union cannot allow Greece, a country bailedout from its huge debt crisis, to plunge into "chaos" byshutting European borders to refugees."Do you seriously believe that all the...

'What happened is exactly what we feared': Merkel refuses to allow Greece to plunge into 'chaos'

Feb 29, 2016 at 07:26 | Source: FirstPost

Berlin:German Chancellor Angela Merkel hassaid the European Union cannot allow Greece, a country bailedout from its huge debt crisis, to plunge into "chaos" byshutting European borders to refugees."Do you seriously believe that all the...

Irish coalition punished despite recovery, indicate exit polls

Feb 27, 2016 at 14:40 | Source: FirstPost

Ireland faced political uncertainty on Saturday after two exit polls indicated voters had punished the outgoing governing coalition in Europe's fastest-growing economy, which is feeling the pain of years of austerity.Both Prime Minister Enda Kenny's ...

Budget 2016: Restrict financial aid to bleeding PSUs; do not offer luxury of bailouts

Feb 27, 2016 at 12:50 | Source: FirstPost

By Mohammed Abdul Aziz AnsariThe budget perhaps is one of the key reflections of the government policies, governance and performance. The fact that a mere 25 basis point variation in tax rates can impact the decisions and choices of traders, business...

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India to continue growing; like private banks: Macquarie Sec

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