Structural reforms, fiscal measures may have to be further activated to provide a durable push to demand, says RBI governor Shaktikanta Das (Photo: PTI)
Structural reforms, fiscal measures may have to be further activated to provide a durable push to demand, says RBI governor Shaktikanta Das (Photo: PTI)

Ahead of Budget 2020, Shaktikanta stresses on  need  for  structural  reforms

  • Monetary policy alone cannot do all the heavy lifting to stimulate growth, says RBI governor
  • Das appears to be pointing to widespread expectations that the budget will include tax, reform proposals to stinulate growth

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The reduction in losses was the outcome of a lower interest burden after half of Air India’s debt was transferred to a Special Purpose Vehicle (Photo: Reuters)
The reduction in losses was the outcome of a lower interest burden after half of Air India’s debt was transferred to a Special Purpose Vehicle (Photo: Reuters)

Air India trims losses by 40% in run-up to disinvestment

  • Operational losses in Apr-Dec 2019 stood at 1,045 cr as against 1,960 cr in Apr-Dec 2018
  • Air India, which had a 12.7% share of the domestic market, carried 18.36 million domestic fliers in 2019

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BoB's other income, which includes core fee income, rose 49.5% to  ₹1,295 crore
A health official scans the body temperature of a passenger as she arrives at the at an airport. Representative image (AP)
A health official scans the body temperature of a passenger as she arrives at the at an airport. Representative image (AP)

India steps up coronavirus checks at airports as 3 people suspected of disease

  • Around 23,000 Indian students are studying in China a considerable number of them in Wuhan medical University
  • AIIMS in New Delhi said that it has kept ready an isolation ward and kept ready all the protective gear to handle any spread of the virus

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A WEF logo inside the Congress Center ahead of the World Economic Forum (WEF) in Davos, Switzerland. (Bloomberg)
A WEF logo inside the Congress Center ahead of the World Economic Forum (WEF) in Davos, Switzerland. (Bloomberg)

Opinion | Reflections of a milestone year at the WEF meeting

Effectiveness of Davos is often undermined by a middle path being chalked out

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So far this fiscal year, PVR shares have risen 20%. (Mint )
Kangana Ranaut in a still from 'Panga'.
Varun Dhawan and Shraddha Kapoor in a still from Street Dancer 3D.
The novel coronavirus was first identified in Wuhan, China, on 31 December
Pakistan was placed in the FATF’s “gray list” in June 2018, when the watchdog found serious deficiencies in the country’s financial mechanism that did not prevent the flow of money to terrorist groups. (Reuters)
Pakistan was placed in the FATF’s “gray list” in June 2018, when the watchdog found serious deficiencies in the country’s financial mechanism that did not prevent the flow of money to terrorist groups. (Reuters)

France says no concessions in FATF checks for Pakistan

  • Statement follows indications that global community may let Islamabad off the hook
  • A report on the actions undertaken by Pakistan will be presented in February

Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on 1 Feb (Photo: Reuters)
Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on 1 Feb (Photo: Reuters)

Budget 2020: Govt may increase import duties on more than 50 items

  • Higher customs duties are likely to hit electronics, electrical goods, chemicals and handicrafts
  • The hike would provide a level playing field for local manufacturers who are hit by cheap imports from China, say officials and industry sources

Investors eye Apple, Facebook, Amazon earnings next week (Photo: Reuters)
Investors eye Apple, Facebook, Amazon earnings next week (Photo: Reuters)

Wall Street set for weekly loss on gathering coronavirus fears

  • All three major US stock averages extended their losses after Centers for Disease Control and Prevention confirmed second case of the virus on US soil, this time in Chicago
  • Intel jumps after strong forecast, had its best day at the markets since 2002

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), gestures as she speaks during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland. (Bloomberg)
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), gestures as she speaks during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland. (Bloomberg)

Growth slowdown in India temporary, expect momentum to improve going ahead: IMF

  • On emerging markets, IMF chief Kristalina Georgieva said they are also moving forward
  • On risks ahead for the global economy, the IMF chief listed factors like weakness in long-term productivity growth and low inflation

Representative image (Photo: iStock)
SC also issued notice to Cyrus Mistry on RoC’s plea and will hear the matter with the main appeal moved by Tata Sons.
SC also issued notice to Cyrus Mistry on RoC’s plea and will hear the matter with the main appeal moved by Tata Sons.

Tata-Mistry case: Supreme Court stays NCLAT’s order dismissing RoC plea

  • The appeals court had said that the RoC’s decision to convert Tata Sons Ltd from a public to private entity was ‘illegal’
  • RoC cited that at the time of its conversion of Tata Sons into a private company, the said provision empowering the RoC was still in force

A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, thus denting tax collections
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, thus denting tax collections

In FY20, India faces first fall in direct taxes in at least two decades: Report

  • The tax department managed to collect only 7.3 trillion as of 23 Jan, more than 5.5% below the amount collected in the year-ago period, said a senior tax official
  • Direct taxes typically account for about 80% of the government's projections for annual revenue

Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington (File photo: Reuters)
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington (File photo: Reuters)

FAA administrator to tell US airlines MAX approval could come before mid-year

  • Steve Dickson's calls come days after Boeing said it was pushing back its time-line for approval of the plane's return
  • FAA approval before mid-year could only happen if Boeing continues to make complete and thorough submissions, an US govt official said

Former Bhushan Power and Steel Ltd (BSPL) chairman and managing director Sanjay Singal
Chief Justice of India Justice S.A. Bobde during the 79th Foundation Day Celebrations and All India Members' Conference of the Income Tax Appellate Tribunal, in New Delhi on Friday (Photo: ANI)
Chief Justice of India Justice S.A. Bobde during the 79th Foundation Day Celebrations and All India Members' Conference of the Income Tax Appellate Tribunal, in New Delhi on Friday (Photo: ANI)

Quick resolution of tax disputes an incentive for taxpayers: CJI

  • Like tax evasion, excessive tax is also a social injustice, said S.A. Bobde
  • The CJI said he is looking into the use of AI for judicial functioning but added that it should never be allowed to substitute human discretion necessary for decision making

JSW Steel group CFO M.V.S. Seshagiri Rao said demand and prices have picked up since November. (Mint )
JSW Steel group CFO M.V.S. Seshagiri Rao said demand and prices have picked up since November. (Mint )

JSW misses the mark, net profit plunges 88%

  • Q3 was affected by a fall in local steel prices, while automotive contracts were renewed at lower levels
  • The company reported a consolidated net profit of 187 crore for October-December, 88% lower than the 1,603 crore in the year-ago period

An official uses a thermal camera at the arrivals hall. (REUTERS/)
An official uses a thermal camera at the arrivals hall. (REUTERS/)

Coronavirus: 11 people who returned from China under watch in hospitals

  • During the screening at the Mumbai airport, six passengers -- three from Pune and another three from Mumbai -- underwent further medical examination
  • As over 20,000 passengers returning from mainland China and Hong Kong underwent thermal screenings at the seven international airports

File Photo: Rot am See is located about 170 kilometers (105 miles) northwest of Munich (Reuters)
File Photo: Rot am See is located about 170 kilometers (105 miles) northwest of Munich (Reuters)

6 killed in Germany shooting, suspect arrested

  • Aalen police said several people were injured and some were killed in the shooting early Friday afternoon, but haven't confirmed the number of fatalities
  • Rot am See is located about 170 kilometers (105 miles) northwest of Munich.

Yoga Guru Baba Ramdev. (ANI )
Vodafone India and Idea Cellular has completed their merger in September 2018 (Mint )
Road transport and highways minister Nitin Gadkari (Photo: HT)
Road transport and highways minister Nitin Gadkari (Photo: HT)

There will be performance audit of NHAI officials: Gadkari

  • The officials will be assessed on whether they are able to complete the allocated work in time, their problem resolution skills and initiative towards taking responsibility at work
  • The road minister instructed all chief engineers in the highways ministry and all members of NHAI to organise ‘review Mondays’ on the first and third Monday of every month

Representative image of a GoAir plane
The new rules which allow shops and establishments to be open through the night with some riders come into effect from 27 January. (Hemant Mishra/Mint)
The new rules which allow shops and establishments to be open through the night with some riders come into effect from 27 January. (Hemant Mishra/Mint)

Mumbai retailers warm up to running 24x7 outlets as new rules set in 

  • The new rules which allow shops and establishments to be open through the night with some riders come into effect from 27 January
  • Many of the mall owners have reportedly said that initially they will be open only till 3 am and may take it up to 5 AM

A traveller wearing a mask arrives on a direct flight from China, after a spokesman from the US Centers for Disease Control and Prevention (CDC) said a traveller from China had been the first person in the United States to be diagnosed with the Wuhan coronavirus, at Seattle-Tacoma International Airport in SeaTac, Washington.  (REUTERS)
A traveller wearing a mask arrives on a direct flight from China, after a spokesman from the US Centers for Disease Control and Prevention (CDC) said a traveller from China had been the first person in the United States to be diagnosed with the Wuhan coronavirus, at Seattle-Tacoma International Airport in SeaTac, Washington. (REUTERS)

China shuts down 13 cities as coronavirus death toll climbs to 26

  • China has also deployed its military medics to help civilian doctors
  • The Wuhan lockdown is a cause of concern for Indian students who are still there

File photo of India's Prime Minister Narendra Modi with US President Donald Trump (Photo: AP)
File photo of India's Prime Minister Narendra Modi with US President Donald Trump (Photo: AP)

US wants India to commit buying $5-6 bn more farm goods to seal trade deal

  • India needs to commit to additional farm goods buying from US agri firms if GSP trade privilege is to be reinstated, say sources familiar with the talks
  • India and US are working on a trade deal ahead of Trump's India visit

Renée Zellweger in Judy
Sharpshooters and snipers will be deployed atop high-rise buildings to keep a watch on the 8-km-long parade route from Rajpath to the Red Fort on 26 January (Photo: @DelhiPolice on Twitter)
Sharpshooters and snipers will be deployed atop high-rise buildings to keep a watch on the 8-km-long parade route from Rajpath to the Red Fort on 26 January (Photo: @DelhiPolice on Twitter)

From facial recognition to four-layer security, Delhi Police gears up for R-Day

  • 'Around 5,000 to 6,000 Delhi Police personnel have been deployed in New Delhi district along with 50 companies of paramilitary forces,' says DCP (New Delhi Zone)
  • Hundreds of CCTV cameras have also been installed as part of the security arrangements

Few others linked to the present and past management of the airline have also been asked to depose, sources said. (REUTERS)
Few others linked to the present and past management of the airline have also been asked to depose, sources said. (REUTERS)

Air Asia PMLA case: ED issues fresh summons to CEO Fernandes, others

  • The ED is also probing this case under the Foreign Exchange Management Act
  • Few others linked to the present and past management of the airline have also been asked to depose

(Photo: PTI)
In this photo released by China's Xinhua News Agency, Peng Zhiyong, center, head of the department of critical care medicine, and his colleagues attend to a patient at Zhongnan Hospital of Wuhan University in Wuhan in central China's Hubei Province (Photo: AP)
In this photo released by China's Xinhua News Agency, Peng Zhiyong, center, head of the department of critical care medicine, and his colleagues attend to a patient at Zhongnan Hospital of Wuhan University in Wuhan in central China's Hubei Province (Photo: AP)

China rushes to build new 1,000-bed hospital by 3 Feb as coronavirus kills 26

  • The virus has killed 26 people, sickened hundreds and prompted unprecedented lockdowns of cities during China's most important holiday
  • Transportation was shut down in Wuhan, the city of 11 million at the epicenter of the outbreak, and in at least 12 other cities in central China's Hubei province

Oil India on Wednesday filed a modification plea before the top court against its October verdict.
Delhi Metro services on Republic Day 2020.