Airlines responsible for own financial performance: Prabhu : Bulletin: Business Today
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Airlines responsible for own financial performance: Prabhu

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BusinessToday.In | April 1, 2019

Govt extends PAN-Aadhaar linking deadline by 6 months

The government Sunday extended the deadline for linking PAN with biometric ID Aadhaar by 6 months till September 30, as per an official statement. However, quoting of Aadhaar will remain mandatory for filing income tax returns (ITRs), following the Supreme Court order. This is the sixth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) with Aadhaar.

PM Modi's statement has fully vindicated me as a 'poster boy' for BJP govt: Vijay Mallya

Embattled liquor tycoon Vijay Mallya claimed on Sunday that Prime Minister Narendra Modi's statement in a recent interview confirming the recovery of Rs 14,000 crores worth of his assets has fully vindicated him in his assertion of being a "poster boy" for the BJP-led government. The 62-year-old asserted that by Modi's own assertion the recovery of assets was higher than the alleged Rs 9,000 crores he faces extradition to India on fraud and money laundering charges.

Airlines responsible for their own financial performance: Suresh Prabhu

Efficient operations and financial performance are individual responsibilities of carriers, and the government cannot interfere in their day-to-day operations, Civil Aviation Minister Suresh Prabhu said amid Jet Airways crisis and turbulent times of the domestic airlines' industry.In view of intense competition, rising costs, shortage of pilots and grounding of planes hurting many domestic carriers, the minister also said the government has been constantly responding to industry conditions and cited measures taken, including the reduction in central excise duty on jet fuel to 11 per cent from 14 per cent.

RBI policy, politics, macro data to drive Indian market this week

The domestic equities market is likely to be guided by a host of key macroeconomic data announcement lined up this week, mainly the RBI interest rate decision, say analysts.The Reserve Bank of India (RBI) interest rate decision is scheduled to be announced on April 4. During the week, PMI data for the manufacturing and services sector, which would also influence trading sentiment, will also be released. Auto stocks will remain in focus amid monthly sales data announcement on Monday.

Branches of Vijaya, Dena Bank to operate as outlets of Bank of Baroda from April 1: RBI

All branches of public sector lenders Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019, the Reserve bank of India said on Saturday. State-owned Bank of Baroda's proposed merger with Dena and Vijaya Bank will be effective from April 1.

People abusing me on Balakot air strikes are helping Pakistan, says PM Modi

Prime Minister Narendra Modi on Sunday said he took the decision for the Indian Air Force to conduct Balakot air strikes as he thought that "the game" should be played from where terrorism is being remote-controlled. Addressing a 'Main bhi Chowkidar' event, he said Pakistan is in a fix because if it acknowledges the air strikes, it will have to accept that there was terror camp there. Those abusing Modi on Balakot air strikes are helping Pakistan with their statements, he said.

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