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.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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