BUSINESS
IndiGo to launch flights to Nairobi, Jakarta soon, looking at China as well: Pieter Elbers
IndiGo aims to use 30 percent of its capacity for international operations in 2023-24
BUSINESS
Budget 2023 | IRFC's market borrowing in 2023-24 to be nil
IRFC’s financials are strong and it has enough money to continue operations in 2023-24, the railway minister said.
BUSINESS
Govt spend will boost infra but concerns around public private partnership not addressed: Vinayak Chatterjee.
Vinayak said that the Budget met 7-8 items on his Budget wishlist and the current government has been consistent in its approach to growing the economy through capital investment.
BUSINESS
Budget 2023 | Road ministry gets a 36% hike in allocation at Rs 2.7 lakh cr for 2023-24
The higher budgetary allocations are necessary to help MoRTH meet the target of 25,000 km target announced by the government in the 2022-2023 budget, amid rising interest expenses and increasing land acquisition costs.
BUSINESS
Budget 2023: Govt increases spend on dedicated freight corridors, logistics infrastructure
Budget 2023: As per the revised estimates of the central government, Rs 15,388.05 crore will be spent for track renewal, Rs 3,220 crore will be spent for gauge conversion, and Rs 24,092.66 crore will be spent for doubling in 2022-23. A sum of Rs 24,914.07 crore will be spent on setting new lines as well in 2022-23.
BUSINESS
Union Budget 2023: Indian Railways' capex allocation increases to Rs 2.927 lakh crore
Union Budget 2023: The annual expenditure will be funded through budgetary support of almost Rs 2.4 lakh crore in FY24, against revised budgetary support of Rs 1.591 lakh crore for FY23.
BUSINESS
Budget 2023: Indian Railways capex allocation rises to Rs 2.4 lakh crore, highest ever
The railways was allocated Rs 1.4 trillion in the Union Budget 2022-23, of which Rs 1.37 trillion is earmarked for capital expenditure and Rs 3,267 crore for revenue expenditure.
BUSINESS
Economic Survey 2023 pushes for cargo movement through water bodies, ports
West Bengal and Assam have been identified as the states with the most navigable inland waterways at 4,500 km and 2,000 km, the survey says
BUSINESS
Economic Survey 2023: PM Gati Shakti and National Logistics Policy to support domestic manufacturing, export competitiveness
Economic Survey 2023: A total of Rs 1,458 crore has been spent as capital expenditure for the development of the PM Gati Shakti digital platform.
BUSINESS
Economic Survey 2023: Indian aviation reaches pre-Covid levels in Dec with 150 lakh flyers
The survey said that the Indian civil aviation market has great potential due to the growing demand from the middle class, growth in population and tourism
BUSINESS
Economic Survey 2023: Highway construction remains subdued for second straight year
Economic Survey 2023: The average pace of highway construction in India fell to 18.97 km/day in 2022-23, which is slightly lower than the average of 20.89 km/day seen last year.
BUSINESS
Economic Survey 2023: Indian Railways passenger segment still struggling to overcome pandemic woes, freight steams forward
Indian Railways’ focus on freight movement during the pandemic has resulted in Railways clocking over 18 percent growth in cargo loaded in the first three quarters of the present financial year 2021-22 over the corresponding period of the previous year, points out the Survey.
BUSINESS
Flight cancellations, delays plague AI’s Bengaluru-San Francisco operations
The airline has cancelled nearly 20 percent of the flights on this route, managing to operate only 21 of the 26 flights scheduled in the past eight weeks.
BUSINESS
Boeing, GE, CFM International meeting Air India officials today: Sources
The meeting in Mumbai is being held to finalise a deal for the supply of aircraft to Air India. However, one official said an announcement is not expected as Air India is also holding negotiations with Airbus.
BUSINESS
MC Explains | Air India’s new system to identify drunk passengers
The flight crew will classify passengers into three stages, based on the likelihood of them behaving inappropriately, and serve or deny liquor accordingly.
BUSINESS
Aviation unions support pilot in pee-gate fiasco; write letter to DGCA, Union minister
A copy of the letter was sent to the Minister of Civil Aviation, Jyotiraditya Scindia, aviation secretary Rajiv Bansal, Air India CEO Campbell Wilson and Air India COO Captain RS Sandhu
BUSINESS
Air India to support pilot in pee-gate fiasco, appeal against licence suspension
The cabin crew and ground staff have been counselled and have since returned to duty, the airline has said.
BUSINESS
Airlines look to attract customers with lower airfares as domestic demand plummets after new year
The new prices reflect the competitive landscape in India. The reduction in ticket prices is a positive sign for the airline industry, say experts.
BUSINESS
Cabin crew union wants Air India to reinstate crew, pilot derostered over pee-gate fiasco
The union added that staff on-board Air India's flight AI-102 filed detailed reports on the incident on landing, to those concerned and acted on instruction.
BUSINESS
Budget FY24: Allocation under UDAN to fall by 17%
High jet fuel prices, disrupted aviation supply chains, and the financial health of domestic airlines have taken their toll on UDAN in FY23, with flight cancellations and fewer passengers.
BUSINESS
Budget 2023: Aviation industry has a wishlist but doesn't expect much action
This year as well airlines are hoping to receive several monetary benefits and concessions from the government including a reduction in excise tax on ATF, which accounts for a significant chunk of an airline's operational costs.
BUSINESS
IndiGo, GoFirst planes still grounded despite advance talks with P&W
Pratt & Whitney, which has resolved supply chain issues, is said to be keen to clear its backlog of engine deliveries by the end of this financial year.
BUSINESS
Budget 2023: Allocation for highway construction to be 25 percent higher
Budget 2023: This rise in allocation is in line with the government’s plan to recapitalize NHAI’s balance sheet with higher budgetary support and zero market borrowings.
BUSINESS
The government cannot force us to move out: Air India employees
The airline had taken an undertaking from 1,600 employees residing in their quarters that they would vacate the premises within six months of Air India being privatised.
