Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association (IATA), made the remarks during a press conference at the 78th annual general meeting of the global airlines body.
India has already signed two important free trade agreements this year – with the United Arab Emirates (UAE) and Australia – and is negotiating a comprehensive trade deal with the United Kingdom, the breakaway partner of the EU.
Russia, facing severe Western sanctions over its invasion of Ukraine, warned the European Union in April against sweeping sanctions on coal, saying they would backfire as the fuel would be redirected to other markets.
The net direct tax collections of ₹3,39,225 crore as of June 16 in the current financial year include corporation tax of ₹1,70,583 crore (net of refund) and the personal income tax including Security Transaction Tax (STT) at ₹1,67,960 crore (net of refund), according to data released by the Central Board of Direct Taxes.
“If someone is excellent at what they do but can only work remotely, to then fire them even though they are doing excellent work would be insane,” Musk added. “So I’m definitely not in favor of things that are, like, mad. I’m in favor of things that build the business and make it better.”
A minimum 10-15 per cent increase in air fares is required to ensure that cost of operations are better sustained, news agency ANI quoted Ajay Singh, chairman and managing director, SpiceJet, as saying.
Fitch lowered India's economic growth for 2022/23 to 7.8% from the 8.5% it had forecast in March, saying the inflationary impacts of the global commodity price shock were dampening some of the positive growth momentum.
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee (MPC) meeting.
The target asset of the agreement between Adani Transmission Ltd and Essar Power Ltd is an operational 400 kV inter-state line linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh.
The 30-share BSE Sensex, which traded in the green for most part of the day, came under selling pressure towards the end to close 48.88 points or 0.09 per cent lower at 55,769.23. During the day, it hit a high of 56,432.65 and a low of 55,719.36.