Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.
Petrol price can go down to Rs 75 a litre across the country if brought under the ambit of the Goods and Services Tax (GST), but there is a lack of political will, which is keeping Indian oil product prices at one of the highest in the world, economists at SBI said on Thursday.
The Centre and states are likely to budget for higher market borrowings to the tune of Rs 2.3 lakh crore next fiscal even though the Union budget may peg a lower-than-expected fiscal deficit for the Centre at 5.8 per cent of GDP, says a report. Icra Ratings anticipates higher redemptions will lead to gross market borrowings of the Centre to rise to Rs 14.8 lakh crore and of the states to jump by Rs 1.6 lakh crore to Rs 9.6 lakh crore, taking the combined borrowings (of the Centre and the states) to Rs 24.4 lakh crore in FY2024, up by 2.3 lakh crore from FY23 combined. In FY23, the Centre's gross borrowings are budgeted at Rs 14.1 lakh crore and of the states at Rs 8 lakh crore, or a combined borrowing of Rs 22.1 lakh crore, according to the agency.
By being a mindful, eco-conscious consumer of food you can make a difference. On World Environment Day, we tell you how you can do that.
Indonesia, the world's biggest supplier of palm oil, said on Thursday it will lift a ban on exports from Monday, likely helping India and other importers. India annually imports around 13-13.5 million tonne of edible oils, of which around 8-8.5 million tonnes (around 63 per cent) is palm oil. Of this, 8-8.5 million tonnes of palm oil, 45-50 per cent comes from Indonesia and the rest from neighboring Malaysia.
In the third such attack in over two weeks in the Gulf of Guinea, the Singapore-owned vessel, MT Abu Dhabi Star, was taken over by pirates on Tuesday night when it was sailing towards the open sea.
'Even today, I am like a kid in a candy land -- I look at my airplane with as much excitement as an eight year old.'
The US celebrates its independence day on July 4. But since it was Sunday, the American government had declared Monday as a holiday.
Only 36 per cent in Japan and 44 per cent in Germany were willing to use such vehicles.
The Supreme Court has directed a series of actions to clean the Taj, including bringing in compressed natural gas (CNG) to replace dirty coal.
Former chancellor Rishi Sunak convincingly won over an audience of Conservative Party members in a head-to-head television debate with rival Foreign Secretary Liz Truss in the leadership contest to elect a new Tory party leader and British prime minister.
In order to ensure air traffic management of global standards, private airlines have called for redesigning parking bays and increasing the parking capacity of the airports adjoining the metros.
Formula One has banned from next week's Singapore Grand Prix all radio communications that help improve the performance of the car or driver in a move that could add another twist to the title battle between Nico Rosberg and Lewis Hamilton.
Janata Dal-United chief Sharad Yadav on Wednesday shared the dais with Samajwadi Party supremo Mulayam Singh Yadav on the inaugural day of SP's national convention in Lucknow, fuelling speculation about their joining hands.
The IMF and World Bank have stopped loans, and the FATF warned its 39 member nations to block Taliban assets.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
Sometimes it is the man behind the machine who makes mistakes, sometimes it is the machine which does so, and sometimes it is a combination of both and some other factors that leads to an accident, notes Helicopter pilot IAF Veteran Air Commodore Nitin Sathe.
The government has constituted a committee headed by NTPC Chairman Arup Roy Choudhury to study the proposal and submit a report in two months time.
Sundays are generally quiet days for air travel, but this Sunday was a tad different. There was quite an excitement at Gate 28 of Mumbai airport's Terminal 1 as Akasa Air, India's newest airline, prepared to take to the skies on Day 1. With a new fuel-efficient Boeing 737 Max aircraft and soft cushioned seats equipped with USB ports, Akasa Air hopes to bring freshness to the flying experience.
'An earthquake of a slightly higher magnitude in the Western Himalayan region is going to be catastrophic -- not just because of the fragility of the region but because of how densely we have occupied it.'
Sukanya Verma looks at the variety of daughter characters served by Bollywood on the big screen.
While we navigate the challenges posed by the current industry environment, our focus and attention remains on safety and operational reliability, said chief executive Vinay Dube.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
It is now becoming increasingly clear that rising imports have played a significant role in sustaining the buoyancy in revenues from GST, notes A K Bhattacharya.
This new compact SUV is offered in SLE, SLX and ZLX variants
The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.
Jennifer Aniston returns to her news anchor duties, Akshay Kumar saves the day and 456 South Koreans fight to the finish in a bloody game of survival. Sukanya Verma suggests everything you can catch on OTT this week.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Formula One's governing body has banned teams from sending drivers coded messages under a controversial clampdown on the use of radio communications from this weekend's Singapore Grand Prix.
Automobile dealers' body FADA on Tuesday expressed concern that the chip shortage issue could derail passenger vehicle (PV) retail sales during the festive season, as automakers are struggling with an adequate supply of vehicles to dealers due to production challenges. Terming semiconductor shortage as a "full-blown crisis", the industry body warned of a lacklustre festive season, especially for the passenger vehicle dealer fraternity, with low inventory levels and non-availability of the fast-moving model variants ahead of the peak festive period.
New electric and hybrid vehicles on display as manufacturers plug into environment-friendly segment.
The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports.
'Why are the people who stood with the Congress through thick and thin, why are they leaving?'
It is keen on electric cars as battery costs go down
COVID-19 forced people to work from home turned into the fuel for new demat accounts, observes Debashis Basu.
'Just remember, when it comes to climate change, there is no STOP button!' 'We can't hit pause or even rewind, we can only move together towards the future.'
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
Calculative risks is what differentiates the successful businesses from the rest, points out Bhargav Varma, co-founder and COO of CiS App, a social networking venture.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
