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Booking is Open for Shimla-New Delhi flight under UDAN scheme

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New Delhi-Booking has been opened by Air India  for its first flight under the Regional Connectivity Scheme to be operated on the Shimla-New Delhi route by its subsidiary Alliance Air.Over 45 unserved and under-served airports would be connected under the scheme- UDAN (Ude Desh ka Aam Naagrik)- that seeks to make flying more affordable.Last year, Air India had received a rap from the Supreme Court for the lack of air connectivity to Shimla last year.

India's foreign exchange reserves increase by $889.4 mn to $369.887 bn
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Mumbai-Forex reserves of India rose by $889.4 million to $369.887 billion during the week ended April 14, helped by increase in foreign currency assets.
 Foreign currency assets (FCAs), a major component of the overall reserves, surged by $881 million to $346.248 billion in the reporting week said RBI.Gold reserves remained unchanged at $19.869 billion. The special drawing rights with the International Monetary Fund was up by $3.1 million to $1.446 billion, while India's reserve position with the Fund, too, rose by $5.3 million to $2.323 billion.
India invites Japanese investors
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Tokyo - The Indian delegation led by the Commerce and Industry Minister Smt. Nirmala Sitharaman met mr Hiroshige Seko, Japanese Minister for Trade Economy and Industry  and addressed a gathering of about 250 participants at the India Investment Seminar  in Tokyo .Indian minister invites Japanese investers to invest in India.The Minister talked about investment opportunities available in India with the goal to increase contribution of manufacturing sector to 25% of GDP by 2025.

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