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.
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.
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.
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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