Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
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.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
Our Hon Minister has summed up main problem faced by Indian aviation so very well; ‘wherein higher input costs were not being passed on to consumers’.
And I do not know of any other example where industry is growing by 25% and companies in that sectors are making losses and it is a shame that salaries of frontline employees is cut and/or remains unpaid.
But reason is why?
To my mind reasons are… 1. Very little increase in railway ticket prices (which is the actual competitor of aviation. 2. To privetly cash in (buy and lease back) on buying huge number of aircrafts resulting in capacity growing greater even more than the growth in traffic.
Irony is that every agency at airport is making profit except airlines!
Most airlines, not just Air India, are bleeding. High fuel prices and an inability to price tickets to recover cost are undermining what has always been a large volume, slender margins business. It is gratifying that India remains one of the world’s fastest growing civil aviation markets. However, not at the cost of economic viability. A number of near misses in the air. Quite likely that corners are being cut due to cost pressures. What citizens expect are honest evaluations of where we are, what is being done to improve things. Some months back, a volume in TOI, saying the economy was generating millions of new jobs, we were only falling short in capturing the employment data.
Our Hon Minister has summed up main problem faced by Indian aviation so very well; ‘wherein higher input costs were not being passed on to consumers’.
And I do not know of any other example where industry is growing by 25% and companies in that sectors are making losses and it is a shame that salaries of frontline employees is cut and/or remains unpaid.
But reason is why?
To my mind reasons are… 1. Very little increase in railway ticket prices (which is the actual competitor of aviation. 2. To privetly cash in (buy and lease back) on buying huge number of aircrafts resulting in capacity growing greater even more than the growth in traffic.
Irony is that every agency at airport is making profit except airlines!
Is Hon Minister is aware of what’s happening at Jet Airways before making statement Airlines business is booming.
… a column in ToI …
Most airlines, not just Air India, are bleeding. High fuel prices and an inability to price tickets to recover cost are undermining what has always been a large volume, slender margins business. It is gratifying that India remains one of the world’s fastest growing civil aviation markets. However, not at the cost of economic viability. A number of near misses in the air. Quite likely that corners are being cut due to cost pressures. What citizens expect are honest evaluations of where we are, what is being done to improve things. Some months back, a volume in TOI, saying the economy was generating millions of new jobs, we were only falling short in capturing the employment data.