The Economic Times



How best to change the mindset of gold buyers

India needs to discourage gold imports to provide adequate capital for higher economic growth. Net import of gold and precious stones in eight years (FY11-18) is estimated to be around $300 billion, more than double of foreign portfolio investments of $145 billion received in the same period.

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  • "Now, we have been informed by our business partners Airbus and Pratt & Whitney of their inability to deliver previously promised aircraft and engines through March 9, 2020, that are required to support our current growth. As a result, we have been forced to temporarily suspend certain flights that are part of our network," GoAir said in a statement.

    Mask-wearing passengers said they were questioned by health officials who briefed them on the symptoms of the novel coronavirus and handed out leaflets explaining how to respond if they noticed symptoms of the contagious disease.

    Vikram Kumar, Letstrack CEO, shares how he spends time when on long flights for work.

    Thermal screening is being done at the international airports of Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Cochin. The civil aviation ministry has asked airlines to follow International Civil Aviation Organization (ICAO) guidelines for managing and notifying anybody reporting illness on flights originating from China and disembarking in India.

    Heavy fog engulfed parts of the city with the minimum temperature settling at a notch below normal. Five flights diverted as the captain was not trained to land under CAT conditions. The Agartala-Anand Vihar Terminus Rajdhani Express was delayed by over one hour while the Varanasi-New Delhi Kashi Vishwanath Express was delayed by over three hours.

    While India’s aviation market is growing fast, it’s notoriously difficult to make money there as fares often sell below cost. Jet Airways India Ltd., once the country’s largest airline by market value, has been grounded after it ran out of money and the government has been struggling to find a buyer for unprofitable Air India Ltd.

    A total of 43 flights and 9,156 passengers were screened for novel coronavirus till Tuesday at the seven identified airports including Delhi, Mumbai, Chennai and Kolkata, Union Health Secretary Preeti Sudan said on Wednesday.

    Health authorities fear the transmission rate will accelerate as hundreds of millions of Chinese travel at home and abroad during the week-long Lunar New Year holiday that begins on Saturday. The virus has caused alarm because it is still too early to know just how dangerous it is and how easily it spreads between people. Because it is new, humans have not been able to build any immunity to it.

    The two-week training is a critical aspect of the Gaganyaan project that is aimed at sending three Indians to space by 2022.

    "I commit to you to be more accessible than the team has been," Calhoun said at the outset of an hour-long conference call with reporters, the first such event with a Boeing executive since the MAX was grounded in March following two deadly crashes. Calhoun vowed a "safety first" culture and promised investment in the firm's engineers.

    "Air India will operate the direct flights between Bhubaneswar and Surat twice a week," the Director of Biju Patnaik International Airport, B Venkateshwara Rao, said. He informed that the airline will operate the flights from Bhubaneswar to Surat on Mondays and Thursdays and from Surat to Bhubaneswar on Fridays and Sundays.

    Bhatia has been with SpiceJet as its chief of sales and revenue for few years before moving to IndiGo as its chief sales and revenue officer last year. She quit the firm this month. "We are expecting her to join in February" a person aware of the matter who did not wished to be named said, "There are likely to be some other shuffle too including reporting changes."

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