Top headlines: Airlines to expand capacity; banks come under virus grip

From PM Modi intervening over the opening of markets to formal sector gaining, here are top headlines this morning

Govt asks airlines to expand capacity to 50% from current cap of 33%

In a further sign that the government is in favour of opening up the economy more, the Ministry of Civil Aviation intends to increase the scale of domestic flights to 50 per cent of capacity. Domestic flights resumed on May 25, but airlines are allowed to operate 33 per cent of capacity. The ministry has sought suggestions from airlines on whether this is feasible. However, industry sources said except market leader IndiGo and government-owned Air India, the rest gave weak demand as a deterrent.