IMF urges industry players to push for reforms

Christine LagardeChristine Lagarde, the managing director of the International Monetary Fund (IMF) managing director has urged the industry players in India take steps to make sure that reform process in the Indian economy is implemented.

She said that the reforms to offer new opportunities in entrepreneurship and innovation to boost economic growth in the country. She said that the Indian industry is does not fight for is stance forcefully due to the fear of disrespecting the powerful political establishment.

Aviation minister to decide action on Kingfisher based on DGCA report

ajit singhIndia's Civil Aviation Minister Ajit Singh has said that the ministry will decide on the next course of action on troubled Kingfisher Airlines based on a report by aviation regulator Directorate General of Civil Aviation (DGCA).

Mr. Singh said that the government is waiting for the DGCA report on Kingfisher Airlines to decide on the next step. Mr. warned that the government may have to cancel Kingfisher Airlines' license as the company is not adhering to the plans are significant for its operations.

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