Welcome To IANS - India's Largest Independent News Service

Domestic flights take-off, but passengers harried as many cancelled(14:16)
New Delhi, May 25 (IANS) Passengers were seen harried at the national capita l's IGI Airport on Monday as over 80 domestic flights were cancelled owing to state governments' cap on accepting flights.

Franklin Templeton wound down schemes, invested in paper that turned illiquid: IIAS (IANS Interview)(13:57)
By Sanjeev Sharma
New Delhi, May 25 (IANS) Franklin Templetons decision to wind down its schemes was because it had lent to holding companies (- using promoter equity as security) and investing in paper that quickly became illiquid, according to Amit Tandon, Managing Director, Institutional Investor Advisory Services (IIAS), a corporate governance advisory firm.

Lockdown Impact: Tourism ground to a halt in Himachal(12:20)
BY VISHAL GULATI
Shimla, May 25 (IANS) Tourism -- a crucial engine of Himachal Pradesh's economic growth and important source of earning for tens of thousands in the hill state -- has ground to a halt as the pandemic nose dives summer holiday plans.

After 3K Shramik trains, Goyal urges states to allow more(10:54)
New Delhi, May 25 (IAUnion Railway Minister on Monday said that the national transporter has operated more than 3,000 Shramik Special trains to transport the stranded migrant workers and also appealed the state governments to give permission to railways to operate the trains.

Transporters say #NoTruckForMe to become 'self reliant'(00:42)
BY SANJEEV SHARMA
New Delhi, May 23 (IANS) The All India Transporters Welfare Association (AITWA), a body representing over 9 million road transport service providers of India has put out an advisory for its members not to buy any new trucks for the entire financial year 2020-21.

Path of Diminishing Marginal Utility: RBI Policy May 2020(14:18)
By Suyash Choudhary
The monetary policy committee (MPC), reflecting the sign of times, had yet another out of policy meeting and delivered a 40 bps repo rate cut with commensurate changes to the rest of the rates in the corridor. In its assessment, the committee noted the further deterioration in growth prospects. Even as food prices have reversed trend and spiked substantially recently (food inflation was 8.6% in April as per the partial CPI data release), the assessment is that CPI will fall over the second half the year and will fall below the 4% target over quarters 3 and 4 of the financial year. Importantly, the forward guidance is strong noting space for further easing will open up if CPI behaves as expected. The summary assessment hence is that risks to growth are acute while those to inflation may be temporary. And this is what has been expressed as action. Although the RBI hasnt provided an explicit growth forecast, it has now acknowledged a negative print for FY 21. The silver lining noted is that in agriculture where kharif sowing is robust.