Business NewsThe statement rebutting all allegations comes after nearly a fortnight of the Central Bureau of Investigation (CBI) raiding not less than six AirAsia India workplaces in India, together with its Bengaluru headquarters. Use your Twitter and Fb updates to get fast listed links to your web site. These websites are listed multiple times every day so your new hyperlink will get indexed in a short time.

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The rupee on Friday edged higher to 68.15 in opposition to the US greenback, extending its recovery after falling to 18-month low 68.forty two on Wednesday. Regardless of the transient recovery, the rupee will not be far away from its all-time low of 68.87 vs US dollar, recorded in November 2016. In addition to outflows from domestic capital markets, a rising greenback and a surge in global crude costs have weighed on the rupee. The rupee is down over 6 per cent in opposition to the US dollar to this point this yr. Foreign exchange advisory agency IFA Global says that the potential for rupee heading towards 70 per dollar is growing. There is a still room for additional depreciation from current ranges, it adds.

The government is now mulling a ‘windfall tax’ on all oil producers like ONGC in an try to average gasoline prices. In the earlier interactions, the Prime Minister had heard beneficiaries of free cooking fuel (LPG) scheme, financial inclusion initiative, start-up enterpreneurs, well being scheme and Digitial India.

Repeal of H-4 visa, which allows spouses of H-1B visa holders to work in the US, is in the ultimate stage of clearance, the Donald Trump administration has stated. With that, the US government is ready to render hundreds of H-four visa holders jobless. As soon as cleared, the transfer is prone to have an effect on some 70,000 extremely-skilled professionals from India. H-four visas are issued to spouses of these holding H-1B visas, largely common among IT professionals from India. Despite widespread requests by lawmakers and representative of the American IT business, the Trump administration is planning to end the Obama-era rule that enables spouses of H-1B visa holders to work legally within the US.

President Donald Trump is directing the US Trade Representative to arrange new tariffs on $200bn in Chinese language imports as the nations move closer to a potential trade battle. Whole belongings of Islamic banks and home windows in Oman reached to RO4bn mark as of the end of March 2018, accounting for 12.four per cent of complete banking system belongings within the sultanate.

Gasoline Challenge: The Narendra Modi authorities is underneath fire for document high petrol and diesel costs and at present mulling both ‘long-time period’ and ‘immediate’ response in the direction of volatility of gasoline worth. Whereas the government continues to be in the repair, Aam Aadmi has strategies on the right way to convey down gasoline worth.

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