May 27, 2022
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Jet Airways has been granted an air operator certificate, allowing it to resume commercial flights: DGCA

On Friday, the Directorate General of Civil Aviation (DGCA) granted Jet Airways the Air Operator Certificate (AOC), allowing it to resume commercial flight operations after being grounded since 2019. The “AOC” has been “granted” to Jet Airways, according to DGCA chief Arun Kumar, according to news agency PTI. Jet Airways, founded by Naresh Goyal and Continue Reading
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India’s Projected GDP Growth Down To 6.4%, Yet Fastest-Growing Major Economy: UN

According to a UN report, as the Ukraine conflict has an impact on global GDP, India is expected to grow by 6.4 percent in 2022, slower than last year’s 8.8 percent but still the fastest-growing major economy, with higher inflationary pressures and uneven labour market recovery stifling private consumption and investment. In its World Economic […]Continue Reading
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To keep domestic prices low, India has banned wheat exports

India has suspended wheat exports with immediate effect as part of its efforts to contain rising domestic prices. The government stated that only export shipments for which letters of credit were issued on or before yesterday’s notification would be permitted. Furthermore, according to the notification issued by the Directorate General of Foreign Trade (DGFT), the Continue Reading
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The Indian agency denies pressuring Xiaomi officials to make a statement

The Enforcement Directorate today denied allegations made by Xiaomi India that it was forced to give statements in an alleged illegal remittances case by the probe agency. “The allegations that the statement of Xiaomi India officials was taken under duress by the Enforcement Directorate (ED) are false and without merit. On several occasions, Xiaomi India […]Continue Reading
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Nirmala Sitharaman Invites Silicon Valley to India: “Unique Opportunity”

While pitching for collaboration with the US in financial services and emerging technologies in Silicon Valley, Finance Minister Nirmala Sitharaman invited investors to be a part of the country’s growth story. She said financial technology (fintech) represents a unique opportunity for sustainable and inclusive growth at a round table hosted by the Confederation of Continue Reading