Factbox: India's complex Goods and Services Tax
NEW DELHI India is launching a new national Goods and Services Tax (GST) on July 1 that will unify its $2 trillion economy and 1.3 billion people into a single market for the first time.
WASHINGTON The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines (UAL.N) $435,000 for operating 23 flights in 2014 with a Boeing 787 that the government alleged was not in airworthy condition.
The FAA alleged that in June 2014, United mechanics replaced a fuel pump pressure switch on the Boeing Co (BA.N) aircraft but failed to perform a required inspection before returning the aircraft to service. A United spokesman said, "The safety of our customers and employees is our top priority. We immediately took action after identifying the issue and are working closely with the FAA in their review."
(Reporting by David Shepardson; Editing by Cynthia Osterman)
SINGAPORE Oil prices fell early on Wednesday after a report of rising U.S. fuel inventories underscored concerns that a three-year old crude glut is far from over.