Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
What is democracy?!
Elections every few years
But between two elections electeds act to their whims, aided by selected burocrats
It is burocrats who are continuity between changes who define the governance
On China they do have representatives of local people to party
They decide on leadership
A democracy like in India where elected wins more by division than popularity is far worse than China
China’s rise for the first thirty years or so after 1978 may have been either due to its authoritarianism or despite it. One suspects the motive force was the freeing up of the creative energies of a billion people, supported by state intervention in the form of creating world class infrastructure and creating an environment conducive to large scale investment, with exports as a major focus. In such a large, underdeveloped country, a dose of authoritarianism may have outweighed the costs associated with a lack of personal freedoms. However, as China has crossed that threshold after eliminating mass poverty, the absence of democracy is becoming a drag on the economy. It is creating universities that figure in the list of the world’s best, spending a quarter of a trillion dollars annually on R & D, the composition of its manufactures and exports is moving swiftly up the value chain, but to impartial observers it seems that the state is becoming more of a hindrance than a facilitator of its continued rise. Instead of a gradual opening up of freedoms, the government is moving to a hard stance. President Xi’s decision to relax term limits is a move in the wrong direction. The new Cold War with the United States could not have come at a worse time for China.
What is democracy?!
Elections every few years
But between two elections electeds act to their whims, aided by selected burocrats
It is burocrats who are continuity between changes who define the governance
On China they do have representatives of local people to party
They decide on leadership
A democracy like in India where elected wins more by division than popularity is far worse than China
China’s rise for the first thirty years or so after 1978 may have been either due to its authoritarianism or despite it. One suspects the motive force was the freeing up of the creative energies of a billion people, supported by state intervention in the form of creating world class infrastructure and creating an environment conducive to large scale investment, with exports as a major focus. In such a large, underdeveloped country, a dose of authoritarianism may have outweighed the costs associated with a lack of personal freedoms. However, as China has crossed that threshold after eliminating mass poverty, the absence of democracy is becoming a drag on the economy. It is creating universities that figure in the list of the world’s best, spending a quarter of a trillion dollars annually on R & D, the composition of its manufactures and exports is moving swiftly up the value chain, but to impartial observers it seems that the state is becoming more of a hindrance than a facilitator of its continued rise. Instead of a gradual opening up of freedoms, the government is moving to a hard stance. President Xi’s decision to relax term limits is a move in the wrong direction. The new Cold War with the United States could not have come at a worse time for China.