The primary drivers: Geopolitical disruptions inflating fuel and operational costs, and a surge in travel demand.
GMR Group-led DIAL, which manages and operates India's largest airport, recently requested the AERA to double the user development fee (UDF) for international business and first-class travellers compared to economy and premium economy over the next four years. It has also sought higher UDF for all domestic passengers flying during peak hours -- 5 am-8:55 am and 5 pm-8:55 pm.
Prime Minister Narendra Modi on Friday invited President Volodymyr Zelenskyy to visit India and the Ukrainian leader said he would be happy to travel to the 'great' country.
Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.
It is for China to decide what role it plays at the G20 summit in New Delhi, a top US official has said, asserting that if Beijing wants to come in and be a "spoiler", that option is available to it.
Work-related stress can impact one's mental health. Which is why Saurabh Tiwari says he's fortunate that his company understands this and is doing whatever it can to help mitigate that stress. "My company provides opportunities according to my interest, and if anyone is feeling stressed or has additional workload, they can talk with their supervisor to resolve it," says the 31-year-old who's working from home for a Bengaluru-based IT firm. Not everyone's as lucky.
The rising pitch of road shows and long rallies with hectoring pitches seem to have exhausted and numbed the audiences, rather than motivating them to vote for the party, observes Shreekant Sambrani.
Ajit Balakrishnan on keeping an eye on democratising finance in India.
The employment situation remains dire. Whatever can be done to promote greater low-skill employment should be pursued aggressively, advises former chief economic adviser Shankar Acharya.
Terming demonetisation as a historic and brave step, he said, black money constitutes 80-85 per cent of the economy and Modiji has taken bold step to solve the issue
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
Though international biggies are already in India, they are yet to formalise plans for front-end multi-brand retail.
A Bloc Quebecois motion to ban the kirpan from the precincts of parliamentary buildings moved on February 14 was defeated with the Conservatives, Liberals and the New Democratic Party voting against it. The move came close on the heels of Quebec politicians banning the Sikh ceremonial dagger from the Quebec National Parliament.
United States President Barack Obama on Monday said India is now a world power and the two countries can work together on issues like counter-terrorism to promote peace, stability and prosperity for the whole world.
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The ministers also expressed concern over the slow pace of global economic recovery and stressed that 'the uncertainty regarding economic growth and policy responses in developed countries could lead to increased volatility in financial markets and further affect the international economy'.
Even in the coming fiscal, the growth is likely to be in the range of 7 to 7.5 per cent, the PM's panel said, adding that inflation will moderate to four per cent by February-end. The gross domestic product growth was 9 per cent in 2007-08 and inflation has already declined to below six per cent in January from the peak of 12.91 per cent in August 2008.
Indian Airlines has launched an EMI scheme in association with Citibank to target the vacation travellers and the growing segment of credit card holders who prefer to use the deferred payment schemes to purchase goods and services.
Assocham president R K Somany on Friday called for putting the domestic economy on the right track and enlist public participation in the reforms process for ensuring sustainable economic growth.
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
RJD president Lalu Prasad on Thursday said Railway Budget has cheated people as it has nothing to offer.
The first major devaluation of the rupee happened in 1966 when it was pegged against the US dollar at Rs 4.75/$
Richard Clarida's recent paper could be key for policymakers in deciding whether India should move to an 'inflation targeting policy regime', says Vivek Dehejia.
NSA Menon's wisdom says that the idea to be superpower is not really desirable, it is better to be different. Sheela Bhatt reports.
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