Showtime is watchable but never engrossing, notes Sukanya Verma.
Taking a suo motu action, the Monopolies and Restrictive Trade Practices Commission directed its investigation wing to probe the 'sudden' increase in air fares by airlines in unison, sources in the commission said. The Directorate General of Investigation and Registration, investigation wing, has been directed to submit its inquiry report within 60 days.
West Bengal Chief Minister Mamata Banerjee on Monday demanded roll-back of the "unprecedented, anti-people" rail fare hike considering the problems faced by common people.
Opposition parties on Friday criticised the government's decision to hike railway fares terming it as "criminal" to burden the people with such an increase and questioned as to why Parliament was not taken into confidence before taking the step.
Turning down Civil Aviation Minister Praful Patel's plea for a fare cut, full service carrier Kingfisher Airlines on Monday said that at present there was no case for reducing air fare.Other airlines like SpiceJet and IndiGo also said that after the recent round of cuts in fuel surcharge, customers should not expect further benefits in the short term, though there would be some advance purchase packages in January.
Air India said it had not hiked its fares or overcharged passengers in the wake of the agitation by Jet Airways pilots. It also said it would continue to maintain its fares at the pre-strike level.
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The Railway Budget is likely to be presented in the second week of July.
Railway Minister Dinesh Trivedi on Friday ruled out a hike in train fares, saying a move to that effect was not a solution for improving the fiscal health of the country's largest public transporter.
Low-cost airline SpiceJet on Monday said it has rolled out a special one-way low-fare offer, starting at Rs 826.
The average fares charged by Jet Airways and its low-cost carrier arm Jet Konnect were higher than the average industry fares on almost all routes, according to a monthly internal analysis for July by the Directorate General of Civil Aviation (DGCA).
The response to the sale has been overwhelming.
The Maharashtra government on Tuesday sought the Bombay high court's approval for the proposed auto and taxi fare hike.
India will drive growth in the Asia-Pacific (Apac) region as the growth engine is likely to shift from China to South and Southeast Asia in the coming years, S&P Global Ratings said in a report on Tuesday. The rating agency's report projected China's growth to slow down to 4.6 per cent by 2026 from an estimated 5.4 per cent in 2023. India is likely to clock 7 per cent economic growth from 6.4 per cent estimated for 2023.
Taking Jet Airways head on in the renewed fare war, Air Sahara on Monday launched 'Steal Fares' scheme which would be lower than the normal fares subject to their availability on select routes and flights.
They want fare subsidies for only those below the poverty line, daily wage earners, senior citizens and students.
On Wednesday, the men's team will play their second match of Pool C against Macau-China.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
The growth in India's domestic aviation capacity in calendar year 2023 (CY23) was the sixth highest among 20 major domestic markets, compared to the pre-pandemic year of CY19. The domestic capacity in the country surpassed the pre-pandemic level seen in CY19 and was up 5 per cent in CY23. It trails Mexico, Columbia, China, Vietnam, and Spain, which have shown higher growth, according to data shared in a seminar organised by global travel data provider OAG on global aviation trends in 2023.
Bombay HC stays proposed Metro fare hike till Jan 29.
The minister said airlines must reciprocate the government's gesture to help the aviation industry, which has been been going through rough weather this year. State-run oil companies on Monday slashed jet fuel prices by over 11 per cent. ATF in Delhi was cut by Rs 4,208.37 to Rs 32,691.28 per kilolitre.
The airport and user development fees will be kept out of it.
Close on the heels of a fresh rise in passenger fares, Railways have decided to further hike the fares of premier trains such as Rajdhani, Shatabdi and Duronto effective from October 17.
Jet, Kingfisher rebuff Praful Patel, budget carriers reduce fares. As of now, though, the two private airlines remain steadfast in their refusal to cut fares even as Patel's pleas acquire a hint of aggression.
After navigating the turbulent pandemic waves, the recovering Indian economy is now sailing through unchartered waters of rising coronavirus cases, spiralling commodity prices and spiking inflation though the lighthouse of sustainable growth remains visible. As 2022 begins, a raft of developments, ranging from Budgetary announcements to continuation of stimulus measures to monetary policy, will set the tone for the domestic economy, which is projected to grow more than 9 per cent in the current fiscal ending March 2022. The country's continuing massive vaccination drive and 'precaution' doses starting for select categories of people this month will provide a firewall against any steep spike in coronavirus cases amid the emergence of the Omicron variant.
India went down by an innings and 32 runs -- their worst Test defeat on South African soil.
"The fare to be charged from the pilgrims for Haj 2008 will continue to be Rs 12,000 per pilgrim. There will be no increase," Information and Broadcasting Minister P R Dasmunsi said after a meeting of the Union Cabinet. As many as 1,23,211 pilgrims will travel on subsidised fare this year as compared to 1.15 lakh in October last year, he said.
In a bid to offset a major increase in the price of aviation turbine fuel, Indian Airlines on Saturday announced an across the board 12 per cent hike in fares with effect from April 15.
According to media reports, Jet Airways had announced a staggering 50-per cent cut in its basic fares across all domestic routes following a dip in the passenger load factor and fuel prices. The cut in basic fares would be applicable to all domestic routes undertaken by Jet and its low-cost arm, JetLite, the reports added.
With the series already in the bag, India will be eager to perfect their freshly-baked T20 template as a team and hope that skipper Rohit Sharma's bat finally fires when they face Afghanistan in the third and last match of the rubber in Bengaluru on Wednesday.
The stock of Godrej Consumer Products Limited (GCPL) fell about 3.7 per cent in trade after its Q3FY24 earnings disappointed brokerages and led to downgrades. Further, the stock, after a 15 per cent run-up over the past month prior to Monday's correction, had already factored in the upside from the business front. Its peer in the consumer space, Marico, too, saw a 4 per cent drop in its stock price.
Predatory pricing is a big concern for the aviation sector.
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
The rates for IC 103 Mumbai-Bangalore flight have been revised to Rs 3,900 for economy class (against a normal fare of Rs 4,605) and Rs 5,600 (Rs 6,605) for executive class, the airline said in a release on Friday.
There is no reason why railway fares and freight rates should not be fixed on the basis of commercial principles, as is done with other transport services.
Taking competition on airfares a step further, Jet Airways on Tuesday extended its 'check fares' scheme, which provides low fares on select flights even at the last moment, to nine more sectors taking the total to 19.
'My God, we could win half the world over just by our food alone.'
The Congress on Wednesday endorsed the decision to hike railway fares, saying it becomes "inevitable" sometimes, but was evasive on whether party chief Sonia Gandhi was taken on board on the issue or not.
Those travelling in AC coaches of trains will now have to shell out more from Wednesday , with the government deciding to impose 'Krishi Kalyan' cess of 0.5 per cent on service tax.
India witnessed the highest increase in airfares among the 10 top aviation markets in the Asia-Pacific and West Asia collectively across both domestic and international flights Q4 2019 and Q4 2022 in nominal terms, according to research by Hong Kong-based Airports Council International (ACI). India, where fares went up by 41 per cent, was followed by the UAE (34 per cent), Singapore (30 (per cent) and Australia (23 per cent). The study, which was undertaken in collaboration with Flare Aviation Consulting, examined around 36,000 routes in the top 10 aviation markets in Asia-Pacific and West Asia.
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