Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
The country may become militarily impressive, pile on GDP and the durbar of the ruling party may fill with the wealthy indebted to the rulers for their riches. But the spontaneous camaraderie of a free people will diminish and with it, our shared ownership of the country, warns Shyam G Menon.
As and when Jet Airways applies for slots, these would be allocated among all airlines according to guidelines, without any claim of historicity in favour of any airline. Slots would be given to Jet only from the available remaining pool.
"I answer all your questions, whatever you ask me. Why don't you question Prime Minister Modi on the Rafale deal, on Amit Shah's son. Why don't you question the prime minister who changed the entire Rafale deal to help a businessman?" he asked.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
The EC limits campaign expenses incurred by a candidate to Rs 50 lakh to Rs 70 lakh. But there is no such limit on spending for parties. The vendors aren't complaining.
Godrej and some other firms are frustrated at what they say is the slow execution of projects and lack of government support, which are hampering India's efforts to compete with China and Russia as a cheaper option for launching satellites.
Mere shuffling of resources or cosmetic changes to prove a point would be counterproductive in the long run, observes Commodore Venugoptal Menon (retd).
Macron, who assumed the presidency in May 2017, emphasised that this is a government-to-government discussion and "this contract is part of a broader framework which is military and defence" coalition between India and France.
Marking a breakthrough in the protracted talks in the French Rafale jet deal, Prime Minister Narendra Modi announced on Friday that India will purchase 36 of these fighter planes that are ready to fly, citing critical operational requirement of the Indian Air Force.
The Congress chief also described Defence Minister Nirmala Sitharaman's 3-day trip to France as part of a 'huge cover-up' by the government.
The Trump regime has informed the Congress that it 'strongly supports' transfers of F-18 and F-16 fighter proposals put forth by Boeing and Lockheed Martin respectively.
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
India and the United States are working on efforts to improve cooperation on UN terrorist designations and expand the sharing of information on known or suspected terrorists "no matter where they may be located," says US Ambassador to India Richard Verma
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Meanwhile, Congress president Rahul Gandhi took a swipe at the Modi government and Anil Ambani over the Rafale issue, saying that in order to bag India's biggest defence contracts one has to be a "defaulter of Rs 45,000 crore" and have "no relevant experience".
The Bengaluru skies dazzled with somersaults and stunts by metal birds.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
Gandhi's remarks came after the Supreme Court gave clean chit to the Modi government on the purchase of 36 fully-loaded Rafale fighter jets from French company Dassault Aviation.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
On the pricing issue, Eric Trappier said that the present aircraft are cheaper by 9 per cent.
The Rafale will surely be flying in Indian skies next year. But the way the BJP government has botched this will cast a shadow on defence acquisitions in the years to come.
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.
Reaching out to present and former employees of the defence PSU at an interaction with them, Gandhi said, work done by HAL for the country was tremendous and the country owed debt to it for "protecting us" and creating a scientific vision.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
'I am sure our DRDO will surely be on the job towards building similar capability to counter the threat posed by this Chinese helicopter,' observes Air Commodore Nitin Sathe (retd).
Rahul Bedi explains how 'miscellaneous' factors have posed a major hurdle in negotiating the Rafale deal.
The armed forces are quite happy with the attention paid to their concerns, reports R S Chauhan.
Many of the industrialists profiled in the book are no longer riding the wave of success.
The Central Bureau of Investigation on Wednesday registered eight more preliminary enquiries in connection with issues related to intercepted phone calls of lobbyist Niira Radia against former Jharkhand Chief Minister Madhu Koda, Reliance Industries Limited and others in separate cases.
Whatever the final outcome of this unhappy episode, one thing is clear: a glass once cracked cannot be fixed. The trust is gone forever and the relationship between two old friends lies in tatters. For now, IndiGo, the airline, will have to learn to soar with two angry and distracted commanders, says Anjuli Bhargava.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
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