Airlines will pay all outstanding dues on aviation fuel to oil companies in six monthly installments and will be given a credit limit of 90 days to purchase the current requirement of aviation turbine fuel (ATF), it was decided in the national capital on Wednesday.
The RBI had cut CRR recently and is continuously monitoring the markets.
http://www.ibnlive.com/news/rbi-cuts-repo-rate-by-100-bps--bankers-surprised/76273-7.html
RBI has crafted out careful measures to avert a crisis like the one in US or UK.
http://www.ibnlive.com/news/rbi-reinvents-game-more-cash-poured-in-to-beat-crunch/75902-7.html
Vivian Fernandes explains the jargon behind the problem.
http://www.ibnlive.com/news/ibnlive-chat-the-price-youll-have-to-pay-for-inflation/69038-3.html
Increase in oil prices to about 50 per cent earlier had raised concerns.
http://www.ibnlive.com/news/oil-prices-slide-to-less-than-142-per-barrel/68500-7.html
The Aviation Industry is seeing negative growth for the first time.
http://www.ibnlive.com/news/as-airlines-slip-on-oil-its-boom-time-for-railways/68262-3.html
Sugarcane waste or molasses are being used to extract ethanol for bio-fuel.
http://www.ibnlive.com/news/does-sugarcane-have-enough-juice-to-power-indias-fleet/68243-11.html
Companies like GMR and GVK are reducing estimated airport revenues.
http://www.ibnlive.com/news/oil-hike-leaves-airlines-airport-operators-bleeding/68197-7.html
Aam aadmi is buckling under the ever-increasing financial pressure.
http://www.ibnlive.com/news/face-the-nation-boom-time-over-for-middle-class/68155-3.html
CNN-IBN Citizen Journalist Naveen sent us pictures from a Chennai petrol station.
Inspite of a surge in oil prices, FM has ruled out any further price hike.
http://www.ibnlive.com/news/india-a-victim-of-international-crude-prices-fm/67882-7.html
With RBI hiking rates, banks may be following suit anytime now.
http://www.ibnlive.com/news/rbi-hikes-rates-banks-may-follow-suit/67761-7.html
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