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FlyDubai lately introduced its new flight from Dubai to Hyderabad. FlyDubai has its links with 37 destinations in the areas of Asia, Africa and on the borders of Europe.

On Sunday, 12th June, flight FZ435 landed at the GMR Rajiv Gandhi Hyderabad International Airport at 0145 hours. It took approximately 45- minutes from the Dubai terminal.

"India is a key destination for FlyDubai, which was set up by the Dubai government to provide a good quality, low cost alternative for the millions of expats living in the UAE”, said FlyDubai CEO Ghaith Al Ghaith.

Mumbai based 100 companies made their advance tax payments for the first three months of the financial year, indicating 14% growth in the fiscal capital, said PP Srivastava, Chief Commissioner, Income tax department.

According to him, this growth rate is nearly half of the one recorded in the last financial year. Nearly 30% growth has been witnessed by the top most companies of India, in the month of March alone. This growth indicates the reasonable increase in the business profits.

It has been revealed in a recent development that two coal mines from Australia are going to be bought by the energy giant, GVK Power. These shall require humongous funds and the firm is busy raising debts for the same. ICICI bank is going to be one of the major lenders for the firm. They are going to pay them as much as 1.2 billion for the same.

"The loans will carry an interest of 10% and will be completed in the next 2 weeks. The funding will be raised via a special purpose vehicle that will be registered overseas”, said a person involved in these major transactions.

It has been revealed by the authorities that India shall now run in co-operation with the OECD for the purpose of dealing with issues related to promotion of better tax schemes as well as transfer pricing.

This has been done in order to improve those regulations that are essential for cross border quarrels. It has been revealed that both the sides would now take an active role in making the conditions of the trade better as well as suggest newer ways and methods for the purpose of better results for the commoners as well as the governments.

In the recent developments in the security area of the country, it has been reported that the IAF is now going to take security checks all over the base to find out the loopholes in security and treat them before some6thing goes wrong. This has been announced after the recent terrorist activities in the Pakistan naval base.

It has been reported by CPM that MPs have written a letter to Prime Minister Manmohan Singh to conduct an enquiry into the complaint of the higher capital expenditure made by RIL for D6 KG Basin and its hasty approval by the authority concerned.

Annoyed over the hasty decision by the government for allowing RIL to endure high expenditures, CPM said that the government's involvement with RIL will have a direct impact on the layman as it is understood that in order to cover it expenses RIL will be increasing its rates of oil and gases.