India

MUMBAI: After an aircraft has docked, and passengers, pilots and flight attendants have disembarked, ground staff enter to prepare it for the next flight. Inside an Air India aircraft, the staffers often allegedly help themselves to food and beverages left behind in the galley. That has now come under the scanner as an order issued recently by the Air India top boss warns staffers against pilfering food items from aircraft or face immediate suspension. The order by Air India chairman and managing director Ashwani Lohani says, “Often on arrival of the aircraft, ground staff and other officers take out for their personal consumption unserved food and dry stores’’. Dry stores include items like peanut packets, sugar sachets, tea bags, mustard sauce and Tabasco sauce bottles, toothbrushes, toothpaste, writing paper and pens carried on board the full service carrier to service passengers from various classes of travel. “Officials found indulging in … [Read more...] about Air India staffers taking away food left behind face suspension

NEW DELHI: The Asian Development Bank (ADB) has slashed India's GDP growth to 5.1% for FY19, down from 6.5%. The bank has also cut its FY20 forecast to 6.5%, down from 7.2%, according to a supplement in its Asian Development Outlook 2019 Update. The downward revision comes on the back of risk aversion and a credit crunch in the economy resulting from the IL&FS crisis in August 2018. The report also cited slumping consumption due to slow job growth and rural distress aggravated by a poor harvest as factors weighing down on the Indian economy. The report has underpinned supportive policies for its FY20 estimate. The bank has also revised its estimates for China’s GDP growth to 6.1% this year and 5.8% next year, down from its September forecast of 6.2% and 6% for this year and the next respectively. Slowing global activity due to US-China trade tensions and weak domestic demand were the main cause of the revision, said the report. However, growth is expected to accelerate … [Read more...] about ADB trims India’s GDP growth forecast to 5.1% in FY20

Home Minister Amit Shah on Wednesday presented the Citizenship (Amendment) Bill in the Rajya Sabha on Wednesday with assurance that it will give protection to persecuted minorities from three neighbouring countries.“When Partition happened, it was thought the minorities will get civil rights and lead a normal life, that they will be able to practice their own religion and protect their women. But when we look back, we see what the truth really is. These people did not get their rights. They were either killed, converted or came to India,” Shah said while introducing the bill. This bill will give citizenship to all such people, he added.Track Live Updates HereHe once again took on the Opposition for allegations that the bill is biased against Muslims in India. “Misinformation has been spread that this bill is against Muslims of India. I want to ask the people saying this that how is this bill related to Indian Muslims? The Muslims in India are our citizens, they … [Read more...] about No Muslim in India needs to worry, says Home Minister Amit Shah as he moves Citizenship Bill in Rajya Sabha

Kunal Bothra has a buy call on Bata India Ltd. with a target price of Rs 1780.0 . The current price of Bata India Ltd. is Rs 1723.8 . Kunal Bothra recommended to keep a stoploss at Rs 1700 . Bata India Ltd., incorporated in the year 1931, is a Large Cap company (having a market cap of Rs 21841.33 Crore) operating in Leather sector. Bata India Ltd. key Products/Revenue Segments include Footwear which contributed Rs 2926.40 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs 2.04 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019. For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 721.96 Crore, down -18.22 % from last quarter Sales of Rs 882.76 Crore and up 7.26 % from last year same quarter Sales of Rs 673.07 Crore Company has reported net profit after tax of Rs 71.30 Crore in latest quarter. The company’s top management includes Mr.Akshay Chudasama, Mr.Alberto Michele … [Read more...] about Buy Bata India, price target Rs 1,780: Kunal Bothra

Lucknow: The Uttar Pradesh Congress will hold state-wide protests against the Citizenship Amendment Bill which was passed in Lok Sabha on Monday night. Ajay Kumar Lallu, UP chief of the grand old party, will lead the protests in Lucknow. On Tuesday, Congress workers along with UPCC chief staged protest against CAB at Gandhi Park in Hazratganj area of Lucknnow and had burnt the copies of the Bill. “The principles of the RSS cannot become the Constitution of this country. The BJP wants to divide the country. The freedom of this country was achieved after a lot of struggle by the people of India,” Lallu said. It was a dream of Baba Saheb and Mahatama Gandhi to give equal rights to all the citizens of the country and Article 14 has given this right, Lallu said. UP Congress chief Lallu had had said the party would hold protests at regional headquarters. “The Congress will stage protest from road to Parliament and even at State Assembly against the CAB. The PM had promised … [Read more...] about ‘Principles of RSS Can’t become India’s Constitution’: UP Congress to Hold Protest Against Citizenship Bill