Indian airlines need $2.5 billion to keep flying, but Modi govt hasn’t doled out funds to industries or airlines backed by private businesses or billionaires.
Aviation Minister Hardeep Singh Puri reiterates that no commercial flights will be allowed to operate until the spread of coronavirus has been controlled.
IATA says airlines worldwide could lose $252 billion in revenue this year and burn through as much as $61 billion in the second quarter as travel slumps.
Airlines, estimated to be facing more than $100 billion in lost revenue this year, are being forced to make unprecedented groundings and furloughing staff.
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.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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