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 MPC could use this to keep cutting rates, to support growth. However, this would be a good time for the economic team to conduct an honest review of how the first Budget has been received, how widely it is believed to have been a missed opportunity. Locking in another five years of indifferent economic growth is simply not an option. The buzz and excitement over India’s first lady FM has subsided almost completely. Ms Rupa Subramanya has tweeted how twenty years ago, the global buzz was all about China and how that holds true today as well. There was a genuine opportunity to inject India forcefully into the conversation. That has not happened so far.
The MPC could use this to keep cutting rates, to support growth. However, this would be a good time for the economic team to conduct an honest review of how the first Budget has been received, how widely it is believed to have been a missed opportunity. Locking in another five years of indifferent economic growth is simply not an option. The buzz and excitement over India’s first lady FM has subsided almost completely. Ms Rupa Subramanya has tweeted how twenty years ago, the global buzz was all about China and how that holds true today as well. There was a genuine opportunity to inject India forcefully into the conversation. That has not happened so far.