Search Result for : Fiscal Operations

Air India decides to register operational profit in current fiscal: Sinha

The Dollar Business Bureau On January 20, Union Minister of State Jayant Sinha announced, national carrier Air India’s plans to register operational profit in the current fiscal as the minister said that he observed a drastic change in growth of the Civil Aviation Sector from 20 to 25%.  Sinha said, there was an upsurge of passenger traffic by 23.5% in December, 2016 rather than a decline. The minister also stated that demonetisation has not affected the Civil Aviation Industry, therefore it also failed to affect Air India’s performance. The profit gained in the last financial year was Rs.105 crore.  Although there was loss in the first two-quarters of the financial year, it rebounded to profit in the latter. He conceded that performance of Air ...

Prevention of Money-laundering Rules, 2005 amended

Dated 31th October, 2015 | Copy of | Notification No.sl239 | In exercise of the powers conferred by section 8 of the Fiscal Responsibility and Budget Management Act, 2003 (39 of 2003) (hereinafter referred to as the “Act”), the Central Government hereby makes the following rules further to amend the Fiscal Responsibility and Budget Management Rules, 2004, namely:- 1. (1) These rules may be called the Fiscal Responsibility and Budget Management (Second Amendment) Rules, 2015. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Fiscal Responsibility and Budget Management Rules, 2004 (hereinafter referred to as the “Rules”), after rule 7, the following rule shall be inserted, namely:- 8. Review of compliance ...