The losses would come despite around 15 percent expected average annual growth in passenger traffic over the medium-term due to conducive factors, support from regulatory environment and development of new airports, it added.
IMF economists prepared a report for the G20 ministers with simulations showing the worst-case scenario, where all the tariffs threats and retaliation are implemented, and business confidence erodes, could cut a half point or $430 billion off global GDP in 2020.
The Cabinet Committee on Economic Affairs (CCEA) also extended the special dispensation of marketing and pricing freedom to natural gas produced from areas in the North Eastern region, Petroleum Minister Dharmendra Pradhan told reporters here.
Chaudhary said that in order to sort out the problems being faced by the exporters for refund claims of GST two ‘Special Drive Refund Fortnight' were organised in March and June.
Noting that the economy has shown considerable resilience to the transitory effects on demonetization and GST rollout, he said infrastructure projects like Bharatmala, new airports and metros, along with affordable housing and smart cities will stoke growth in the medium-term.
The ministry has already finalised capital infusion of Rs 11,336 crore in five PSBs to help them meet their interest payment commitments without impacting their regulatory capital requirements, a senior government official said.
The demand of Indian coffee is seen to have increased in Germany, Indonesia, USA, Poland, Libya, Spain, Tunisia, Ukraine, Italy and Belgium, Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Rajya Sabha.
IndiGo also remained the most punctual airline in the month of June, with 84.1 percent of its flights arriving and departing on-time from four key airports.
Minister of State for Commerce and Industry C R Chaudhary in a written reply to the Rajya Sabha said that the directorate general of trade remedies (DGTR) has initiated a total of 888 anti-dumping investigations against imports from various countries.
Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Rajya Sabha that the government has taken several steps to simplify the procedure for processing of patent applications and make it user-friendly.
Data from central banks and bond market associations showed foreigners sold a total of $1.9 billion of bonds from India, Indonesia, Thailand, South Korea and Malaysia in the last month.
The Commission said that the EU steel industry was "in a fragile situation and vulnerable to a further increase in imports", with US tariffs reducing its capacity to sell there making them even more vulnerable.
Foreign ministry spokeswoman Hua Chunying told reporters at a regular press briefing that the United States is fabricating all kinds of justifications, including that of national security.
While a normal monsoon would better the chances for BJP to win, a bad one could spoil the party for Prime Minister Narendra Modi.
The government had recently announced a sharp increase in the minimum support price (MSP) of kharif (summer-sown) crops, including paddy.
Indian films have collected a total of approximately Rs 2,846 crore over the last three years in China
The reduction in imports illustrates the government's steps to raise the prices of pulses, like peas and lentils, to reduce the payouts to farmers under its food subsidy scheme.
Several newspapers and online portals had carried advertisements for the AAO 2018 cadre. LIC said that these are fake and have not generated by it
At present, it takes around 24 hours to travel from the national capital to the financial capital via NH 8
Apart from fire and natural disasters, technology-led risks may also impact businesses
Changes in product structure and distribution architecture will be made in the next few months
The Council may also discuss rationalisation of rates, which could mean drawing a strategy towards fewer tax slabs under GST.
The misconception that led to panic withdrawal of cash from banks was one of the reasons cited for the withdrawal
The IMF yesterday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India, which was down by 0.1 per cent and 0.3 per cent respectively than its April projections.
"I am very happy that in the last quarter, GDP growth at 7.5 per cent plus is a very healthy and very positive sign for Indian economy. The trends and signals (of the economy) are on the recovery path," Mittal said in a media interaction here.