Finance minister Arun Jaitley on Tuesday welcomed the Reserve Bank’s decision to cut the key interest rate by 0.5%, nudging banks to transmit the benefit to borrowers to boost investments in the economy. The rate cut, he said, will reduce the cost of funds and help economic recovery.
Air India could soon be operating the world's longest nonstop commercial flight. The airline is planning to link the IT hotspots of India and US — Bengaluru and San Francisco — which are almost 14,000 km apart. At present the longest nonstop commercial flight is operated by Australian airliner Qantas between Dallas Fort Worth in the US and Sydney which is a 13,730 km journey.
The Indian Railways will now be providing more facilities to women passengers at reservation counters, including separate reservation counter at each station that would be earmarked for ladies if the average demand per shift is not less than 120 tickets.