Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
'With a military-led strategy to counter terrorism emanating from Pakistan, India has clearly signalled that it would respond decisively to future terrorist threats.'
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
India has accused Pakistan of breaching an understanding reached earlier on Saturday to stop military actions. Foreign Secretary Vikram Misri said there have been repeated violations of the understanding since the evening, and that the Indian armed forces are giving an appropriate response.
"We have not hit Kirana hills, whatever is there," Director General of Air Operations Air Marshal AK Bharti said at a media briefing on Operation Sindoor.
'The defence forces have come up with certain problems they face in the drone space.' 'Recently we had a meeting at which they presented the problems to many of our start-ups and faculty.' 'Some of the start-ups have started working on the problems.'
While Bhasin will be getting provident fund money and gratuity, he would not be getting leave encashment for 420 days, medical reimbursement for himself and wife, free passes for himself and wife, and holiday home facilities.
If the idea of LWP scheme is to only weed out around 600 employees and subsequently save the carrier Rs 10 crore a month, the management could have easily laid off the retired employees, who had an advantage over others by dint of having 'connections' internally and in the corridors of the ministry of civil aviation, say Air India staff.
The average number of flights the Air India group, including subsidiaries Alliance Air and Air India Express, operates daily is 674.
The senior pilot was suspended in May last year after being found guilty of sexual harassment by an internal committee of the airline. The committee imposed a 'major penalty' on Captain Sachin Gupta, who has now appealed to the next authority against the punishment.
Pakistan military spokesperson Lieutenant General Ahmad Sharif Chaudhry told a hurriedly called press conference in Islamabad at around 4 am that th Pakistan air force's Nur Khan (Chaklala, Rawalpindi), Murid (Chakwal) and Rafiqui (Shorkot in Jhang district) airbases were targeted.
Pakistan on Tuesday increased its defence budget by 20 per cent, allocating PRs. 2,550 billion ($9 billion) for the fiscal year 2025-26, amid tensions with India.
The ministry of external affairs also seemed to reject Trump's forceful comments that Washington brokered the understanding between India and Pakistan on ending their four-day military conflict.
The Air India board has decided to reduce by 50 per cent the productivity-linked incentives or flying allowance payable to its employees.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
Even Prime Minister Narendra Modi told US Vice President JD Vance on May 9 that Indian response will be "more forceful, stronger, devastating" in response to Pakistani actions, the sources said.
The Directors General of Military Operations of India and Pakistan firmed up the arrangement on stopping military actions on May 10 after four days of fierce offensives between the two sides that triggered fears of a wider conflict.
In a letter to Air India Chairman and Managing Director Rajiv Bansal, the ICPA said, "In the press conference by Honourable Minister Shri Hardeep Singh Puri dated 16th July 2020, you had stated 'we are in negotiation with the pilots', which is far from reality." "It was not a negotiation, but the 'diktat' of the MoCA (ministry of civil aviation) which was conveyed to us. We would also like to place on record that the so-called negotiation was 'not harmonious' in any aspect," the Indian Commercial Pilots' Association (ICPA) noted.
The post further read that "at a moment of heightened regional turbulence", President Trump "demonstrated great strategic foresight and stellar statesmanship through robust diplomatic engagement with both Islamabad and New Delhi," Dawn reported.
Meanwhile, a precautionary blackout has been enforfced in the multiple areas amid the esclating tensions between India and Pakistan.
'We will see whether there were losses or not, and whether the war aims were achieved. When the truth comes out, some may well be surprised,' says Dassault CEO.
'Pakistan is no longer a front-burner issue for America.'
The CMD thinks the carrier will be back in the black next fiscal; his colleagues can't understand how.
$3.6 billion worth of aircraft - by today's prices - are lying idle or are in hangers due to poor maintenance and management
However, Federation of Indian Airlines will continue to function and its other members are not pulling the plug yet, industry sources said.
A 1985-batch Karnataka cadre officer, Kharola would be steering the national airline at a time when the government has started the process for its strategic divestment.
The move will help to reduce Air India's distribution cost by 60 per cent
Anjuli Bhargava's musings on why the national carrier is well beyond a turnaround.
Ilker Ayci has declined the Tata Group's offer to be the chief executive officer (CEO) and managing director of Air India, aviation industry sources said on Tuesday. On February 14, Tata Sons had announced the appointment of Ayci, former chairman of Turkish Airlines, as the CEO and MD of Air India. RSS-affiliate Swadeshi Jagran Manch had last Friday said the government should not give clearance to the appointment of Ilker Ayci "keeping in view national security".
'CORSIA has set impossible targets. It tries to limit countries to the emission levels of the number of aircraft that they had in 2020. That has to be opposed.'
The Indian Air Force on Monday said all its military bases and systems continue to remain fully operational, and ready to undertake any further missions if the need arises.
Tata Motors is hoping to beat its target year of 2030 and have 30 per cent of its portfolio comprising electric vehicles (EVs), according to Chairman N Chandrasekaran, who was speaking at the company's last annual general meeting (AGM) ahead if its demerger.
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
Pakistan's Foreign Minister Ishaq Dar has called for a 'composite dialogue' with India to address the contentious issues between the two sides.
The external affairs ministry said the official has been given 24 hours to leave India.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
Akshay Kumar has been personally funding medical insurance premiums worth Rs 6 crore to Rs 7 crore annually for over 650 stuntmen and their families for the past eight years.
The EoI and the share purchase agreement would be issued in January itself for the bidders. While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Main imports from the neighbouring country during April-January 2024-25 included fruits and nuts (USD 0.08 million), certain oil seeds and medicinal plants (USD 0.26 million), and organic chemicals.
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