Bal Malkit Singh, advisor and former president of All India Motor Transport Congress, said the road transport industry is losing revenue of Rs 4,500 crore every day.
The problem is even bigger for outgoing tourists. For those who are carrying the obsolete Rs 500 to Rs 1,000 denominated notes, there is a cap of Rs 5,000 per tourist.
Upon landing, a complaint was filed against them at the Delhi airport politice station.
The company posted a consolidated net profit of Rs 64 crore in July-September 2016, compared to Rs 60 crore a year earlier.
Karnataka HC orders will pave way for an official liquidator of Vijay Mallya’s defunct carrier Kingfisher Airlines, to take charge of assets and books.
Logistics companies have faced an up to 20% decline in volumes from their e-commerce business in the past one week, as cash-on-delivery payments were almost eroded by e-tailers following the government’s demonetisation move.
About 10 million commercial vehicles ply on India’s roads. Industry figures show that of this, about 3 million are trucks ferrying between cities and towns.
The airline had on October 31 said that there was an ongoing investigation against “certain former personnel” of AirAsia India.
Revenue rose just 3% to Rs 5,420.35 crore but total expenditure rose 6% to Rs 5,360 crore. Operating profit plummeted by slightly less than a third to Rs 60.36 crore.
Funds from the levy will contribute to a corpus which will cross-subsidize small regional carriers flying between small towns for fares capped at Rs 2,500.
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