Air India is to again start the process of negotiations on productivity-linked incentives (PLI) in pay with the staff unions. Earlier meetings held to agree on an amount to cut from salaries have not yielded satisfactory results."We will be meeting the unions soon and are hopeful that we will agree to a percentage, as all the employees also want the airline to survive," said a senior government official.The official also added that any cut in PLI would be across the board.
A plan for projects to be awarded in the year 2010-11 is to be launched soon.
The economy has developed a resilience beyond expectations.
The cost available per seat km of an FSC, which used to be Rs 4.60 compared with Rs 2.40 of their low-cost counterpart, has fallen to Rs 3.02, only 25 per cent more than the latter.
Aviva tries a new tool with Sachin Tendulkar to grab a bigger share of the life insurance market.
To bring down its aircraft strength of 133 to 95, National Aviation Company Ltd, which runs Air India, has worked out a combination of leasing, selling and phasing out of its existing fleet.
Paramount is the only airline in India to offer full business class service at prices comparable to the normal economy class fares of other airlines. It flies to 16 destinations in the country.
Low-cost carrier SpiceJet Airlines, promoted by a group of investors led by the Kansagra family and Delhi-based Ajay Singh, is working on a plan to start international operations next year, making it the third private Indian carrier after Jet Airways and Kingfisher to fly overseas.
To centralise process by setting up special units in each state.
Reveals study by a leading global HR solution provider.
In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.
The former Indian Airlines pilot won a good deal for colleagues protesting a pay cut; but others question whether the victory was good for the airline.
"The (number of ) people flying business class has seen a decline of over 40 per cent in the domestic routes and 20 per cent internationally," said Ajay Prakash, general secretary, Travel Agents Federation of India.
Launch on 10 sectors in the winter schedule.
The problem with India's growth story has been its inability to reduce poverty to significant levels.
After massive cancellations of Jet Airways flights during the five-day strike last week, the private carrier has seen a surge in the number of passengers that it has flown in the last three days - thanks to an aggressive discount of up to 50 per cent on some tickets on all its flights.
The Union Road Transport and Highways Ministry proposes to build a huge network of expressways by 2022, also the final year of the Thirteenth Five-Year Plan.The ministry plans to build expressways in 3 phases -- by 2012, 2017 and 2022 -- and, accordingly, it has prepared a draft report for a network of the proposed 17,661-km of stretches.The report has suggested the government set up the proposed expressways on both an annuity and a public-private partnership (PPP) basis.
The B K Chaturvedi committee set up to recommend ways to implement road projects faster and more efficiently, has recommended that the National Highways Authority of India be given sovereign guarantees on the loans it raises from the market.
The issuance of identification numbers, which will be a demand-driven endeavour and will be issued on a voluntary basis, will help in plugging leakages in transfer of benefits under government welfare programmes.
The cash-starved Indian textile industry is of the view that the Technology Upgradation Fund Scheme, or Tufs, flagship scheme of the textiles ministry, has lost its shine, as economic slowdown has put modernisation and expansion plans of companies on hold. The industry says there are more basic problems that the government needs to address.
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