The civil aviation ministry has come out with a draft Standard Operating Procedure (SOP) for restarting commercial air passenger services in the country
Aviation minister's tweet caught airlines and airports off guard as they were preparing for a resumption from June 1
InterGlobe Aviation, which operates its flights under the IndiGo brand, rallied 10% to Rs 1,002, while SpiceJet was locked in the upper circuit of 5% at Rs 42.95 on the BSE.
Civil Aviation Minister had announced on Wednesday that domestic flight services would resume from May 25 onwards in a calibrated manner
The Doha-based carrier offered no figures for the number of employees who will be laid off.
The losses would reverse the trend growth of 11% per annum the industry has logged over the past ten years, making it one of the most adversely affected sectors of the economy
This would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy
While China, the first to report coronavirus cases, has the highest recovery rate, India is faring a shade better than global average; the US' recovery rate is the worst among 20 most affected nations
Only seven commissions made provision for taking up urgent matters or those related to life and liberty during the period when normal functioning was affected due to the lockdown
The number of coronavirus cases in Uttar Pradesh has risen to 4926 with 2918 cured/migrated/discharged and 123 deaths
Facemasks and social distancing measures may become a common practice for airline passengers.
Coronavirus LIVE updates: Maharashtra cases at 37,158, Delhi 11,088, Tamil Nadu 12,448. Stay tuned with Business Standard for updates on Covid-19 cases and death toll across the world
Our economy reflects a slide back to the Licence Raj. Realising our potential requires that we squash bureaucratic control
Total count at 1,06,750, of which 61,149 are active. Some 6.9% of those under treatment are critical; death toll at 3,303
Here's a selection of Business Standard opinion pieces for the day
Two important steps have been taken in this regard by the govt
Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation
100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers
We are not looking at any layoffs at present, but we are looking at all ways and means to protect profits and save money to minimise the revenue impact, say Jalona
"...... In the past also, we have seen that over time, it is possible to accommodate most of the people against natural voluntary attrition that keeps happening," Voda said downplaying likely job cuts