Raghuram Rajan arrives with a bang. Raghuram Govind Rajan - The New Governor of Reserve Bank of India

Raghuram Govind Rajan who took over as the 23rd Governor of the Reserve Bank today said, " India is a strong economy with great future."

Wish him to bring good administration and solve the major issues. 

Jet Airways & Spice Jet hikes fares by steep 25% - due to turbine price increase

Jet Airways & Spice Jet hikes fares by steep 25% - due to turbine fuel price increase. The move comes in the wake of a nearly 25 percent fall in the rupee against the dollar and a recent 6.9 percent hike in aviation turbine fuel.

Jet Airways today followed its smaller rival SpiceJet and hiked fares by a steep 25 percent to mitigate the impact of the sharp fall in the rupee value and a near 15 percent spike in oil prices of late.