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.
The effort by the previous government to keep KFA airborne, leaning on the banks, has drawn political criticism, held up as an instance of crony capitalism and phone banking. Vijay Mallya’s larger than life persona may have something to do with it. However, the fact is that any conscientious government would wish to save a business from collapsing, for many reasons, including jobs. The bout of political exceptionalism that started with assailing everything that happened in the second half of UPA II continues. Governments need to be cut a little slack. Personally I have stopped following stories about what really happened on 26th and 27th February; as a citizen I want to believe the official version. Most people would, if it was not being made into an electoral issue. One hopes, after 23rd May, a new political culture can be inaugurated, one in which the opposition is regarded as much a stakeholder in the system as the government.
The effort by the previous government to keep KFA airborne, leaning on the banks, has drawn political criticism, held up as an instance of crony capitalism and phone banking. Vijay Mallya’s larger than life persona may have something to do with it. However, the fact is that any conscientious government would wish to save a business from collapsing, for many reasons, including jobs. The bout of political exceptionalism that started with assailing everything that happened in the second half of UPA II continues. Governments need to be cut a little slack. Personally I have stopped following stories about what really happened on 26th and 27th February; as a citizen I want to believe the official version. Most people would, if it was not being made into an electoral issue. One hopes, after 23rd May, a new political culture can be inaugurated, one in which the opposition is regarded as much a stakeholder in the system as the government.