The panel also asks civil aviation ministry to devise a formula to regulate 'excessive surge' in air fares & says it's crucial to scrutinise audited financial data of airlines regularly.
Civil aviation minister also said that airlines must proactively monitor their fares rather than wait for govt to step in. He attributed surge to seasonal demand, capacity squeeze.
Parliamentary Standing Committee on Transport, Tourism & Culture, headed by a YSRCP MP, said balance must be maintained between commercial interests of pvt airlines & passengers' interests.
The Union Aviation ministry had imposed lower & upper limits on domestic airfares based on flight durations when services were resumed in April 2020 after a two-month Covid lockdown.
Conflict has come as a dampener for those who were ready with packed bags after Covid restrictions eased; most are now looking for alternate modes of travel.
With Jet Airways grounding its fleet of 119 aircraft fleet and Spice Jet pulling out its 737 Max, airfares have been rising across India for past few weeks.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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