19
Friday
July 2019
8:26 PM IST
News Headlines
India asks Pak to implement ICJ verdict on Jadhav immediately; Imran says shall proceed as per law        Trust vote; Karna assembly adjourned amid din; Guv directs CM to prove majority by Friday 1.30 pm        IT dept attaches assets of Mayawati''s brother, BSP blames BJP govt        33 dead in suspected arson attack on Japan animation studio        Former Pak PM Abbasi arrested over corruption case        Iran Guards say they have seized a ''foreign tanker''        Bayliss replaces Moody as Sunrisers head coach        Rule Change: Chairman of selectors not secy to convene selection committee meeting        Sindhu enters Indonesia Open quarters, Srikanth ousted        Karnataka crisis: Cong leaders speak in divergent voices on SC verdict        MLAS Karnataka crisis: SC says rebel MLAs not to be compelled to take part in Assembly proceedings        US House votes to condemn Prez Trump over his ''racist'' tweets against four non-white Congresswomen        JuD chief Hafiz Saeed arrested on terror financing charges        Israel inks USD 50 mn deal with India to supply complementary Naval MRSAM systems        ICJ orders Pakistan to review Kulbhushan Jadhav''s death sentence; PM hails verdict        Inzamam-ul-Haq will end his term as the chief selector Pakistan's men side        Anish wins 25m rapid fire pistol gold, silver for Esha at Junior World Cup        Dev-led panel frontrunner to pick coach, but no decision before SC hearing        HC pulls up Kerala govt over Munnar encroachments        189 new rail lines under construction: govt        
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Business News
rabhu seeks report on allocation of Jet Airways slots to other airlines
 
New Delhi: Civil Aviation Minister Suresh Prabhu has sought a report on the allocation of airport slots vacated by Jet Airways to other airlines, an official source said on Wednesday. In the wake of crisis-hit Jet Airways suspending operations, the ministry decided to allocate the vacant slots at the airports in the national capital and Mumbai to other carriers.

The move is part of larger efforts to increase capacity amid recent surge in airfares. According to the source, the minister has asked Civil Aviation Secretary Pradeep Singh Kharola for a report on the Jet Airways'' slots that have been allocated to other airlines so far. The report is to be submitted by May 11. The development also comes against the backdrop of concerns raised in certain quarters about the process being followed in temporary allocation of Jet Airways'' slots. The slots are being given to other airlines on an interim basis and decisions are taken by a committee set up by the ministry. Jet Airways has more than 440 slots at Mumbai and Delhi airports, a ministry official said last month. As per the source, the minister has asked the secretary to ensure that all slot allocations have been made on an interim basis by following all applicable guidelines in a transparent manner.

The source also said the minister has directed that a final decision on allocation of Jet Airways slots should not be taken till conclusion of the resolution plan that is being worked out by the airline''s lenders. The State Bank of India-led consortium of domestic lenders to Jet Airways has already sought bids for the ailing airline, which shuttered operations on April 17 after it ran out of cash. The list of final bidders is likely to be finalised this week. On Wednesday, Jet Airways gave a clarification to the stock exchanges regarding reports that Atmosphere Airlines has submitted an expression of interest along with Naresh Goyal and four other companies.

"The bidding process is initiated by and managed by SBI Capital Markets Ltd under a resolution plan undertaken by a consortium of domestic lenders led by State Bank of India. "The company is not involved in the bidding process and has no information with regard to same and is accordingly not in a position to comment," the airline said in a filing. Naresh Goyal is the founder of Jet Airways. Earlier on Wednesday, Goyal''s daughter Namrata Goyal said that her father is not part of any consortium. "I''m Naresh Goyal''s daughter and this is to clarify that hes not part of any consortium and this information is completely misleading and mischievous (sic)," she said in a tweet.


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China GDP growth slows to 6.2 pc in second quarter
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Parliament passes Aadhaar amendment bill
RBI to discuss with govt issuance of sovereign bonds: Das
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Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM
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Petrol price hiked by Rs 2.45, diesel by Rs 2.36 following tax hike in Budget
KERALA NEWS
HC pulls up Kerala govt over Munnar encroachments
 Kochi: The Kerala High Court Wednesday pulled up the state government over the issue of alleged encr  
Student Stabbed at University College: SFI leaders have gone absconding
Ker CM takes a dig at Congress MLAs on quitting spree
Special Additional Sessions court permits Dileep to travel abroad
INTERNATIONAL NEWS
33 dead in suspected arson attack on Japan animation studio
 Tokyo: A suspected arson attack at an animation production company in Japan killed 33 people and inj
Former Pak PM Abbasi arrested over corruption case
Iran Guards say they have seized a ''foreign tanker''
US House votes to condemn Prez Trump over his ''racist'' tweets against four non-white Congresswomen
NATIONAL NEWS
India asks Pak to implement ICJ verdict on Jadhav immediately; Imran says shall proceed as per law
 New Delhi: Maintaining that ICJ verdict on Kulbhushan Jadhav is a complete vindication of its stand,
IT dept attaches assets of Mayawati''s brother, BSP blames BJP govt
Karnataka crisis: Cong leaders speak in divergent voices on SC verdict
MLAS Karnataka crisis: SC says rebel MLAs not to be compelled to take part in Assembly proceedings
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