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Wednesday, February 26, 2020

Pranav Mukul

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Air India seeks to raise Rs 700 crore via short-term govt-guaranteed loan
Tue, Feb 25, 2020

Meanwhile, the Centre extended the time till March 6 for bidders to pose additional queries regarding sale of its 100% stake in Air India.

On hold
Sun, Feb 23, 2020

The recent Supreme Court ruling asking private telecom companies to pay Rs 1.5 lakh crore in dues is the latest blow to a sector that’s reeling under debts of Rs 8 lakh cr. The Indian Express examines the events that have ended with one of the biggest players teetering on the brink of a collapse. Can the industry, with 117.3 crore cellphone subscribers at last count, survive this crisis?

GMR to sell 49% stake in airports business to France’s Groupe ADP for Rs 10,780 crore
Fri, Feb 21, 2020

An earlier deal with Tata Group fell through due to conflict of interest involving Tatas’ stake in Vistara and AirAsia India.

Trai proposes removal of charges for over 100 SMS a day; old system ‘not fully under control’
Wed, Feb 19, 2020

The new TCCCPR, 2018, mentions several steps, including a central registry wherein any telecom service provider could update the number of a suspected spammer or telemarketer.

Ahmedabad leads among major airports in wildlife strikes; 11 cases for every 10,000 flights
Wed, Feb 19, 2020

In 2019, 1,280 wildlife-strikes occurred at all airports, slightly lower than 1,320 in 2018. In 2017, the number of incidents stood at 1,125, while in 2016 it was 839.

Google to stop ‘Station’ WiFi project; points to cheaper, more accessible data and infra challenges
Tue, Feb 18, 2020

In India, the Station programme was a part of Google’s broader vision of bringing on the “next billion users” online.

AI pilots spot jeep, man on Pune runway while taking off. This is what happened next
Sun, Feb 16, 2020

Air India’s Pune-Delhi flight AI-852 was carrying 180 passengers and crew on board when the crew observed a jeep and a person on the runway.

SC order on AGR dues: DoT scrambles for cover, Airtel Bharti says will pay Rs 10,000 crore by Feb 20
Sat, Feb 15, 2020

AGR dues: Bharti Airtel wrote to DoT offering to pay Rs 10,000 crore by February 20. Vodafone India, which owes around Rs 53,000 crore did not comment on the issue.

Coronavirus: Two fliers referred to hospital at Kolkata airport, another quarantined in Delhi
Thu, Feb 13, 2020

In view of the coronavirus infection threat, the Centre has advised screening of passengers at 21 airports, international seaports and border crossings across the country.

Before sale to Zomato, Uber’s India food biz was on a downhill slope
Sat, Feb 08, 2020

According to the global earnings released by Uber on Friday, the total number of food deliveries in India by eats stood at 29 million during the quarter-ended December 31, down from 37 million in the September-quarter and 42 million in the June-quarter.

Ahmedabad-Kolkata flight: IndiGo plane turns back after snag; 23rd P&W engine related in around two years
Sat, Feb 08, 2020

On Friday, pilots on an IndiGo-operated A320neo jet en route Kolkata witnessed engine vibrations shortly after taking off from Ahmedabad, following which the aircraft returned back to the airport.

Air India divestment: ‘Reasonable level of protection’ for staff
Tue, Feb 04, 2020

In an interview with The Indian Express, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said “there has to be a balance” on protection for employees.

Behind new Income Tax regime: 92% used exemption under Rs 2 lakh
Mon, Feb 03, 2020

New Income Tax slabs: In absolute terms, out of 5.78 crore tax filers, about 5.3 crore (91.7 per cent) claimed deductions of less than Rs 2 lakh, including those under section 80C, Section 80D, section 80CCD(1B) (additional deduction of NPS), deduction for housing loan interest and standard deduction in 2018-19.

Ajay Bhushan Pandey: ‘Progressive, graded income tax system considered to be one of the best practices’
Mon, Feb 03, 2020

Pandey said a progressive and graded income-tax system is internationally considered to be one of the best practices, and differs from the indirect tax system, where the aim is to lower the number of tax slabs to reduce complexities.

Budget 2020: Tax on ESOPs for startup staff deferred; period of profit deduction claim extended
Sun, Feb 02, 2020

ESOPs are significant component of compensation for employees of startups, and are currently taxable. “This leads to cash flow problem for the employees who do not sell their shares immediately and continue to hold the same for long term,” Sitharaman said.

Budget 2020: Greater private sector play in Railways, smart cities
Sun, Feb 02, 2020

100% tax exemptions proposed for investments made in infra projects before March 31, 2024.

Promise of more connectivity, but no good news for telecom firms in Budget 2020
Sun, Feb 02, 2020

The Centre has estimated revenues of Rs 1.33 lakh crore under the ‘other communication services’ head for 2020-21, 125 per cent higher than Rs 58,989.64 crore as per revised estimate of 2019-20.

With 324 Indians from coronavirus-hit Wuhan, Air India flight reaches Delhi
Sat, Feb 01, 2020

For an initial check, screening camps have also been set up at Delhi's Indira Gandhi International Airport. The crew, which is also learnt to be under a seven-day lockdown, are unlikely to be allowed to meet even their families during this period.

Kunal Kamra ban: AirAsia and Vistara put process above Hardeep Singh Puri’s tweet
Sat, Feb 01, 2020

Vistara and AirAsia India stood out among half a dozen national airlines and refraining from acting hastily on the Kamra incident while IndiGo, Air India, SpiceJet and GoAir banned him from taking their flights.

IndiGo pilot who flew Kamra objects to ban, asks airline to clarify
Sat, Feb 01, 2020

In his e-mail, Rohit Mateti, the pilot-in-command, describes the incident in detail and points out that while Kamra’s behaviour was “unacceptable and verbally abusive”, he complied with the crew’s instructions — and the offence “cannot be classified” even in the Level 1 category.

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