Business

In a royal decree published by state news media, the king also ordered the payment of 5,000 riyals to military personnel serving at the front lines with Yemen where the kingdom is fighting a nearly three-year-old war.

The panel on Transport, Tourism and Culture has also accused carriers of not passing on the reduction in aviation turbine fuel (ATF) to customers.

The central bank has put lenders under PCA owing to their weak financial health as bad loans soared and return on assets turned negative. Fall in capital levels below the regulatory prescription can also lead to the initiation of PCA.

The 30-share index was trading higher by 158.35 points, or 0.46 per cent at 33,970.61.

At the Interbank Foreign Exchange, the rupee was trading higher by 5 paise against the previous close of 63.82. It opened higher by two paise at 63.85 and touched a high of 63.81 in early trade.

Finance Minister Arun Jaitley said the slower economic growth reflected lower growth in the industry and the services sectors, due to a number of factors, including structural, external, fiscal and monetary factors.

India's ascent is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years, the study said.

To ensure GST cuts are passed on to consumers, Consumer Affairs Minister Ram Vilas Paswan had recently directed state legal metrology officers to check if companies are pasting the new MRP stickers.

There was a dream of taking flying to every possible corner of the country, which did not come to fruition because of Air Deccans merger with the Kingfisher Airlines in 2008, Air Deccan chairman Capt G R Gopinath said.

Earlier this month, the apex court had said that the government cannot enforce sale of mineral water on their MRPs in hotels and restaurants as the Standards of Weights and Measures Act, 1976 does not apply.

RIL chairman Mukesh Ambani will give his 10-15 year vision for the oil to telecom group at the Reliance Family Day, which is being held at newly created stadium at Reliance Corporate Park.

The policy-making body for the Income Tax Department said the agreement was signed by CBDT chairman Sushil Chandra and Swiss Ambassador to India Andreas Baum at the North Block in New Delhi.

"The banking stability indicator (BSI) shows that the risks remain at an elevated level weighed down by further asset quality deterioration," the FSR notes.

Dubbed as the biggest overhaul of the US tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class.

The action follows allegations of Bharti Airtel using the Aadhaar-eKYC based SIM verification process to open payments bank accounts of its subscribers without their 'informed consent'.

The package involves implementation of central scheme 'Indian Footwear, Leather & Accessories Development Programme', with an expenditure of Rs 2,600 crore during 2017-18 to 2019-20.