Business

The government had budgeted to cut the fiscal deficit to 3.3 per cent of GDP or Rs 6.24 lakh crore in 2018-19, from 3.53 per cent in the previous financial year.

After cracking nearly 500 points, the 30-share Sensex pared some losses but ended 239.67 points, or 0.66 per cent, lower at 35,973.71. It hit a low of 35,714.16 and a high of 36,172.52.

The reference rate for the rupee against the British pound was fixed at 92.8808 and against per 100 Japanese yen at 64.22.

The Adanis were the highest bidder for the Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports, the official said, adding the bid for the Guwahati airport will be opened on Tuesday.

To curb menace of Ponzi schemes, President Ram Nath Kovind last week promulgated the Banning of Unregulated Deposit Scheme Ordinance 2019 which seeks to make such unregulated deposit scheme punishable, among other things.

The finance minister also made a vehement pitch for the Modi government to be elected with a clear majority in the coming general elections so as to provide stability to the economy.

At the forex market, the domestic unit opened weak at 71.35 and slipped further to 71.46. However, it pared some losses to trade at 71.38.

The government wants the capital norms to be relaxed.

The central bank bought $837 million and sold $230 million in the spot market during the reporting month.

The discounted tickets are applicable to all bookings made through the airline's website and Mobile app, the airline said in a statement.

The Reserve Bank of India assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning as part of its supervisory processes.

This will be Lohani's second tenure as Air India chief. His appointment was approved by the Appointments Committee of the Cabinet on Wednesday.

The weakness in the dollar against some currencies overseas as investors shifted their focus to riskier asset amid the US-China trade truce hopes, also supported the rupee.

While most Indians have a job and are earning something, the problem is that many of them may be earning lower wages or may not be employed according to their qualifications Economic Affairs Secretary Subhash Chandra Garg said.

Exhorting the industry to report any such instances, Goyal said the Government could ensure capital markets watchdog Sebi withdraws a proposal to disclose every default by listed companies, and hinted that similar measures will be taken up with RBI as wel...

At the sixth bi-monthly monetary policy review on Thursday the RBI surprisingly reduced the repo rate by 25 basis points to 6.25 percent and also changed the policy stance to 'neutral' from the earlier 'calibrated tightening'.