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The GST department has issued a tax demand of Rs 124.65 crore to struggling airline SpiceJet for non-filing of GST returns for the past several months, an official said on Friday. Initiating action against the airline for failing to file GST returns on time, the GST department has issued a show-cause notice to cancel the company's GST registration, the official said. According to the GST department, SpiceJet consistently committed irregularities in filing GST returns and submitted them late. Consequently, a provisional assessment was filed under Section 62 of the CGST and SGST Act, 2017. Based on this, a total tax demand of Rs 124.65 crore has been assessed for various periods. According to the demand details released by the department, the demand has been fixed at Rs 44.44 crore for the month of November, Rs 43.79 crore for the month of December, Rs 12.19 crore for the month of January, Rs 12.10 crore for the month of February and Rs 12.12 crore for the month of March. GST officia
Air India's transformation is going to be a "long game, and there is no shortcut", its co-owner, Singapore Airlines' CEO Goh Choon Phong, said on Friday as he mentioned that the Indian carrier is facing various challenges, including Pakistan airspace closure and rupee depreciation. At a briefing to discuss Singapore Airlines (SIA) Group's financial results for the 2025-26 financial year, he also said that Air India has "largely external challenges". Singapore Airlines on Thursday reported a 57.4 per cent decline in net profit at SGD 1.184 billion in the fiscal year ended March 2026, mainly due to the absence of a prior-year one-off accounting gain related to the Vistara merger, and Air India losses. Air India's loss stood at more than SGD 3.56 billion (over Rs 26,700 crore) in the financial year ended March 2026, as the carrier grappled with the fallout of airspace curbs and other headwinds, as per the figures disclosed by the SIA Group in its financial report for 2025-26. Goh Choo
The power bank of a passenger onboard a stationary IndiGo aircraft caught fire at the Chandigarh airport on Tuesday, and all passengers and the crew were evacuated, according to a source. In a statement, the airline said that when IndiGo flight 6E 108 from Hyderabad to Chandigarh was stationary after landing, an incident involving a customer's personal electronic equipment catching fire was reported. "In the interest of safety, an immediate evacuation was carried out, and all the relevant authorities were immediately informed. All customers have been safely moved to the terminal and are being attended to by the team to ensure their well-being," the statement said. The source said that soon after the aircraft landed, there was smoke coming from one of the overhead bins and all onboard were evacuated. The smoke was due to the power bank catching fire, the source said, adding that no one sustained major injuries. Details about the number of passengers could not be ascertained.
The civil aviation ministry has issued the standard operating procedure for operationalising the hub and spoke aviation model to ensure smooth domestic to international connectivity for passengers, and Air India is expected to start trials based on the model in June, according to sources. The Hub and Spoke (H&S) model will provide smooth connectivity for passengers travelling from spoke airports to international destinations through a hub or larger airport. One of the sources said Air India is expected to start trial H&S flights from Varanasi airport from June 1. Passengers will take a flight from Varanasi to Delhi and then another flight to London. The move is part of efforts to make India, one of the world's fastest domestic civil aviation markets, as a global aviation hub. Under the model, Domestic to International (D-I) and International to Domestic (I-D) operations will be facilitated in a smoother manner for passengers, including in terms of immigration processes and ...
India and New Zealand will sign a free trade agreement (FTA) on April 27 here, an official said on Thursday. The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in USD 20 billion in investment over the next 15 years. The two countries on December 22 last year announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to USD 5 billion in the next five years. The official said that the pact will be signed on April 27 in Bharat Mandapam after a meeting of the India-New Zealand Business Forum. While India will get zero-duty market access on 100 per cent of its exports, the agreement will eliminate or reduce tariffs on 95 per cent of New Zealand's exports to India, including items ranging from wool, coal, wood, wine, to avocados and blueberries. However, New Delhi has made no duty concessions on imports of dairy products like milk, cream, whey, yoghurt, and cheese; onio