Business

Commerce secretary Anup Wadhawan said India provides only about $250 per annum per farmer but unfortunatley 'our subsidies run into trouble' as they are not structured properly, so there is a need to learn from other countries.

Saddled with more than $1 billion of debt, Jet is struggling to stay afloat and has delayed payments to banks, suppliers, pilots and lessors.

The 30-share index was trading 119.52 points, or 0.31 per cent, higher to 38,506.27. The index began the session on a firm note at 38,452.47 and hit the session's high of 38,526.71 on steady buying by foreign funds as well as retail investors.

Some market watchers believe that minority shareholders may find the issue price of Rs 12.50 a share attractive as it comes at a discount of about 61 per cent to the stock's closing price on Tuesday.

As many as 47 aircraft of the full service carrier are on the ground now as the company failed to pay rentals to lessors.

At the Interbank Foreign Exchange (forex), the domestic currency opened at 68.53 a dollar and fell further to touch the day's low of 69.05. It finally settled at 68.96 per dollar, down 43 paise over its previous close.

Grappling with financial woes, the carrier has been looking at ways to raise fresh funds. The company is actively engaged with all its aircraft lessors and regularly providing them with updates on the efforts taken to improve liquidity, it said.

The software fix, which was already underway prior to the latest incident, will only take about two hours to install, said the sources, who asked not to be identified.

The CMD said that DoT helped BSNL with Presidential Sanction to meet working capital of the company and a letter of comfort for the same was issued to the company on Wednesday.

A rise in tariff would lead to increase in the price of fertiliser as well as city gas like CNG that uses gas brought through the pipeline starting from Kakinada in Andhra Pradesh and running up to Bharuch in Gujarat.

Last year, Vistara had initially hoped to launch international flights after meeting a requirement for 20 aircraft in its fleet.

The US has claimed that India's import duties are high and American companies from sectors like medical devices are not getting adequate market access.

The latest enhancement of tax exemption limit on gratuity follows a government notification issued on March 29, 2018, under which the ceiling was increased from Rs 10 lakh to 20 lakh effective March 29, 2018.

According to a notification by the UIDAI, the entities shall be required to deposit the authentication transaction charges within 15 days of issuance of the concerned invoice based on the usage.

The new coin will be similar to the 10 rupee coin in certain aspects - it will also be a two-toned coin with a 27 millimetres diameter.

Amadeus currently provides its travel technology solutions to over 440 carriers, including over 100 low-cost and full- service carriers globally.