BUSINESS
Amid Omicron concerns, trade bodies, shippers fret over supply chain disruptions
India has not yet imposed any restrictions on the shipment of goods to contain the virus’s spread, but many European countries, the US and Canada have announced strict restrictions on the movement of passengers to contain the spread of the virus and are considering trade curbs.
BUSINESS
Airlines say caps on ticket prices hamper recovery in air passenger traffic
Airlines say the caps on fares for travel within 15 days of booking are preventing them from unbundling services such as preferential seat allotment and meals from the base fare and proving to be a deterrent in their effort to improve operating efficiencies. That’s because the floor price is set by the regulator.
BUSINESS
To become a drone-manufacturing hub, India must invest in R&D aggressively: Aarav Unmanned Systems’ co-founder Vipul Singh
The country's attitude to the technology has changed drastically over the last decade, from minimal engagement to active support.
BUSINESS
Govt to consider visa extensions on case-by-case basis; no plans on blanket extension for expiring visas: Sources
Individuals can apply for visa extensions through online portals and each case will be considered based on severity, said a government official.
BUSINESS
Domestic demand has not slowed down since Diwali: IndiGo's Chief Strategy and Revenue Officer Sanjay Kumar
IndiGo's Chief Strategy and Revenue Officer Sanjay Kumar says that the fear of travelling is kind of getting over. He says demand has not slowed down since Diwali, and there were a couple of weekends when not a single seat was available for tourist destinations.
BUSINESS
A look at the team behind Union Budget 2022-23
Finance Minister Nirmala Sitharaman is being assisted by a team of advisers and secretaries in making Union Budget 2022-23. Take a look at FM Sitharaman and her budget-making team.
BUSINESS
MoCA working on guidelines for domestic airline capacity utilisation amid Omicon, COVID-19 third wave fears
The Centre plans to introduce gradual capacity utilisation caps if COVID cases rise in the country.
BUSINESS
How to decongest Indian airports? Five aviation experts weigh in
Experts said flights can be staggered, separate areas can be carved out for testing international tourists, and more staff can be deployed at airports to help reduce congestion.
BUSINESS
These 25 new airports will get privatised by 2025: Check the list
Minister of State for Civil Aviation VK Singh said that the airports had been selected after looking at their annual traffic trends and all airports having annual traffic of above 0.4 million passengers have been selected for privatisation.
BUSINESS
Explained| Why IndiGo's promoters fell out and how the upcoming EGM can settle the dispute
The eyeball to eyeball confrontation between the airline's promoters Rahul Bhatia and Rakesh Gangwal may finally end if the EGM removes restrictions on the transfer of promoter shares.
BUSINESS
Government may invite bids for Pawan Hans stake by January: Officials
This will be the fifth attempt to sell stake in the state-owned helicopter transportation service company.
BUSINESS
Despite cancellations by foreigners, tourism industry hopes for a bumper Christmas and New Year
Domestic tourists may have to be the mainstay of the travel and tourism industry during the holiday season with the new curbs to contain the Omicron Covid variant dampening interest among foreign tourists
BUSINESS
Maharashtra govt revises COVID-19 guidelines for international passengers
In its revised guidelines, the state govt has imposed strict restrictions only on passengers from "High Risk Countries", which are South Africa, Botswana and Zimbabwe.
BUSINESS
Here's everything international passengers need to know about travelling to India
Passengers arriving from ‘at-risk’ countries are likely to face long waits at airports to complete testing procedures. A Rapid-PCR test result, priced at Rs 4,000, will take about two hours, while an RT-PCR result, priced at Rs 500-900, will take 5-6 hours.
BUSINESS
Passengers from ‘at-risk’ countries should expect to stay in airports for 3-4 hours after arrival
With the identification of the Omicron variant of the Covid-19 virus, the Indian government has stipulated testing for all passengers flying in from the UK, Europe and 11 other countries.
BUSINESS
Seven-day quarantine must for passengers from 'at-risk' countries arriving in Mumbai
Apart from under-going quarantine, passengers will also need to undergo an RT-PCR test on arrival at Mumbai International Airport.
BUSINESS
Q2 GDP: Gross fixed capital formation rate rose in July-September despite COVID-19 second wave
Gross fixed capital formation is often used as a proxy for private investment, and includes resident producers' investments, deducting disposals, in fixed assets during a given period.
INDIA
Everything you need to know when travelling between India and Europe after new strain of COVID-19 prompts lockdowns
If travellers have not been to any of the countries under India's 'at risk' category they will be allowed to leave the airport and shall self-monitor their health for 14 days post-arrival.
BUSINESS
SpiceJet plans to add 20 planes to cargo operations in two years: Sources
The airline may spend as much as $3 billion to expand its cargo operations over the next few years, people aware of the plan said
ECONOMY
Farm laws fiasco: Much ado about nothing or a lost opportunity?
Farmer unions might press for statutory guarantee of remunerative prices for all agricultural produce and for all cultivators.
BUSINESS
Seven states have cut VAT on jet fuel, more expected to follow soon: Aviation Minister Jyotiraditya Scindia
The union territories of Jammu and Kashmir, Ladakh, Andaman and Nicobar along with Uttarakhand, Himachal Pradesh, Madhya Pradesh and Haryana state governments have reduced VAT on jet fuel, and the ministry is in active discussions with all other states to reduce VAT on jet fuel prices, the minister said.
BUSINESS
NHAI plans to bid out more public private partnership projects through BOT route: Sources
In the current financial year, NHAI had initially planned to award 450 km of road projects through the BOT model but is likely to exceed its set target, one company official said, with 15-20 percent of total projects being under this mode in 2022-23.
BUSINESS
India keen to increase international flights, but restrictions may not be lifted
Govt in talks with many countries, including the US and the UK, to increase services under the air bubble agreement. Data of international passengers and corresponding COVID-19 cases to be collected after November 15.
BUSINESS
Railway Ministry working to roll out new set of private train tenders by February: Sources
Last year, when Indian Railways invited bids to operate private trains on its network, only two entities had evinced interest at the financial bidding stage
