Two parliamentary panels have castigated the government over the precarious health of Air India, with one of them saying "unscrupulous and vested interests" had worked overtime to "suck the life out" of the national carrier.
The controversial Antrix-Devas deal will now come under the scrutiny of a Parliamentary panel. Parliament's Committee on Estimates has decided to examine the allocation of S-band spectrum by Indian Space Research Organisation (ISRO) with special reference to the Antrix-Devas deal, an official said.
With airfares spiralling, members of a Parliamentary panel grilled top officials of the Civil Aviation Ministry and demanded quick action to curb overpricing of air tickets.
Currently, middlemen are fully exploiting the situation along with some concerned authorities and earning huge profits by increasing the prices arbitrarily and artificially on the basis of speculation.
FM needs to convince Indians to invest more in stocks.
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