Under current regulation, airfares aren't regulated by govt or DGCA. On 5 June, civil aviation minister Jyotiraditya Scindia told airlines to keep fares on particular routes 'within limit'.
The Ministry of Civil Aviation said due to the surge in Covid cases and fall in passenger traffic, the airlines' seat capacity may be lowered from 80 to 50 per cent.
While India has experienced 46 consecutive months of double-digit passenger growth, a protracted fare war has driven ticket prices so low that most airlines can hardly cover costs.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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