This year’s pilgrimage is overshadowed by war in Iran that’s disrupted air traffic across Gulf since February & resulted in record prices for jet fuel.
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'.
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.
You can dismiss the bottomless teapot as a symptom of the meme economy. Everything is content, and everyone wants their share of the pie. But it comes from a (slightly) deeper place.
RBI's Annual Report necessitates acknowledgement of an economy that not only withstood one of most challenging external environments in recent history but also experienced acceleration.
India & Indonesia have also finalised a deal for 1 battery of BrahMos supersonic cruise missiles, expected to be formally signed soon, though it may remain under wraps for some time.
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
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