“We cannot have the most expensive aviation sector in the world, the most expensive ATF in the world, the most expensive airports in the world because there was a socialist mindset that everything needed to be taxed. Now, we have added to that by putting GST, which is really a large tax on all sorts of activities related to aviation,” Singh explained.
NDTV takeover: Sources said a deal has been finalised and SpiceJet owner Ajay Singh will take control of news channel NDTV along with editorial rights of NDTV. Singh will have controlling stake of around 40 per cent in NDTV.
According to the source, Ajay Singh, chairman and managing director for SpiceJet, will have controlling stake in NDTV of around 40 per cent and the promoters of NDTV – Prannoy Roy and Radhika Roy – will hold around 20 per cent in NDTV.
The wholly-owned subsidiary will help boost SpiceJet’s ancillary revenue, which the company says has increased from 6 per cent to 17 per cent in the last two years.
The new majority shareholder Ajay Singh who took over from media baron Kalanithi Maran has already infused Rs 550 crore into the airline.
SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs 500 crore is expected to be infused by its new owner Ajay Singh next month.
SpiceJet is running operations on money raised from forward bookings, to run daily operations, said the official.
It was next listed before the division bench of Justices S K Mittal and Deepak Sibal on January 30.
SpiceJet’s board also decided to allot up to 3.75 million preference shares to Kalanithi Maran or one of his group firms.
Financial detail of the deal was not disclosed.
They have been asked to collect copies of all major reports from the last three years.
Ajay Singh came up with catchphrases that included ‘Desh ki pukaar, Modi sarkar’ and ‘Iss baar, Modi sarkaar’.
The party high command, unhappy with the disastrous showing in the elections.
Congress leader of the Opposition in the Madhya Pradesh Assembly Ajay Singh said at Bhopal on Tuesday that the manner in which a journalist tried to commit suicide in front of the Chief Secretary’s office at the Mantralaya had exposed the Shivraj Singh Chouhan-led BJP government. “I demand that the state government take cognisance of […]
BHSS is a private society started by a group of litterateurs in the 1930s.