Business

The airline is offering one million seats on discounted fares from February 11 to February 14. The sale is valid for travel from March 1 to September 30, a company statement said.

This means that banks will not be needed to make additional cash reserve ratio against any incremental loans disbursed to the targeted segments.

Fujiwara began his professional journey with Yamaha Motor Co (YMC), Japan in 1989 and played a significant role in developing a strong R&D structure and driving Yamaha's long-term growth strategy

The 30-share BSE Sensex settled 162.23 points, or 0.39 per cent, down at 40,979.62. It hit an intra-day low of 40,798.98.

The Supreme Court in October upheld the demand raised by the government from telecom operators to pay levies on the revenues earned by them.

The budget announcements are also not inflationary in nature, and the Reserve Bank can cut rates as early as in the June review, it said, adding that the rate-setting monetary policy committee will opt for a status quo on Thursday.

The stock has lost nearly 17% in the last one month and a whopping 80% in the last one year on concerns over its financial health.

The results would likely bring some relief for markets and policymakers after only modest spending increases in a recent budget had disappointed investors looking for more robust stimulus to support a stuttering economy.

At 11:18 am, the benchmark BSE Sensex surged 752.28 points, or 1.89%, to 40,624.59, while the Nifty 50 was up 216.95 points, or 1.85%, to 11,924.85.

Sitharaman said that divestment receipts will go towards infrastructure spending. The Centre has set itself a lofty disinvestment target of Rs 2.10 lakh crore for the financial year starting April 1, 2020.

Union Minister Anurag Thakur said GST (Compensation to States) Act, 2017 provides for compensation to States/UTs (UT with legislature only) on account of revenue loss due to implementation of GST on a bi-monthly basis.

Finance Minister Nirmala Sitharaman in her Budget 2020 speech pegged the country's fiscal deficit at 3.8 per cent for the current fiscal, compared to the earlier target of 3.3 per cent of GDP

The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19 countries and the European Union.

The AIKSCC, which is a nationwide platform of more than 200 farmer organisations across the country, said the budget 2020 offers no boost to the rural sector.

However, funds allotted under other premier flagship schemes such as the Pradhan Mantri Gram Sadak Yojana and the Pradhan Mantri Awaas Yojana, welfare schemes for roads and housing respectively in rural areas, have increased.

The Finance Minister said that while receipts for 2020-21 were pegged at Rs 22.46 lakh crore, expenditure was estimated at Rs 30.42 lakh crore.