International Flights Likely To Get Cheaper As India Signs Pact With 116 Countries
The Government of India has signed a bilateral pack regarding air service with several countries. The airfare pact is made to improve connectivity with other countries worldwide. Due to the agreement, the foreign carriers are now ready to add more flights to the metropolitan cities of the country.
On August 1, Monday, the Minister of State for Civil Aviation Gen VK Singh (Retd.) informed the Indian Parliament that “India has signed bilateral Air Services Agreement (ASA) with 116 foreign countries.”
The Minister Of State For Civil Aviation added:
“Any designated foreign airline can operate to/from a point in India if it is designated as a point of call in the bilateral Air Services Agreement (ASA) signed between India and the country which has designated the airline.”
In response to such a move by the Government, the Director of Group Business Development, STIC Travel Group, Anju Wariah, said:
“It is good to have bilateral air service agreements with countries to increase seat capacity and have an open sky policy for foreign carriers as it will benefit passengers.”
On being questioned about why the Government has not granted the same benefit to the non-metropolitan counties, Minister VK Singh mentioned the imbalance in the amount of point of call. This is why India is not granting a new point of call regarding foreign carriers to non-metropolitan cities.
Some countries with which India has signed the ASA include countries in Europe, South America, and the Middle East.
Read More:
Tags:
Recent
How Do You Choose the Best B2B Franchise Opportunity?
October, 10 2024
Understanding Supply and Demand: The Dynamics of Copper Trading
October, 10 2024
Tribological Properties Of Tungsten Disulfide (WS2)
October, 10 2024
Innovating Corporate Communication in Auckland with Video Production
October, 10 2024
Related Articles
Uber Forecasts Quarterly Operating Profit Above Estimates On Ride-Hailing Demand
Uber Technologies forecasted Quarterly operating profit above the estimates on the rising demand for UBER cabs in the world market. Analyst estimates $9.23 billion in the second quarter but the revenue hikes to $9.33 billion. The EBITDA rose to a record hike of 2.7% in bookings this year. You need to know the facts perfectly this year to understand it better. You have to go through the complete details of it why such things happened in the second quarter of Uber Technologies. Now, the analyst is getting insights into the record hike of Uber, but they need to get complete insights into why such profit margins of Uber have risen. You need to get through the process to have better insights into it. Reasons For The Hike In Profitability Of UBER In 2023 There are several reasons for the hike in the profitability of UBER in 2023. You need to get through the process to have better insights into it. You should not choose the wrong direction while achieving your aims ultimately. The growing demand is due to the strong leisure travel trends and the gradual returns for office work. The lower transaction cost is another vital reason for this quarter's growing demand for UBER rides. UBER's competitors are raising the freights' prices, and this low-cost market penetration strategy of UBER makes it gain more rides from the market. Hence, UBER is also reformatting its pricing and ride strategy to gain more from the market in the next quarter. You have to get through the process to understand it better. You have to identify the best strategy that can boost the scope of the brand development to the next level. You need to dig deep into the exact reasons for such a price hike of UBER in the second quarter. Read Also: J&J Effort To Resolve Talc Lawsuits In Bankruptcy Fails A Second Time After Judge Tosses Suit Boeing Loses USD 149 Million In Q2 As The Plane Maker Is Pushing Ahead With Production Increases Automaker Tesla Is Opening More Showrooms On Tribal Lands To Avoid State Laws Barring Direct Sales
August, 08 2023
Boris Johnson: UK’s Top Political Leader and Sitting PM Resigning From His Service
Boris Jhonson is standing down as the conservative party leader. And he submits his resignation letter. The news of his resignation is spreading like a fireball. He has already presented his resignation announcement. This is a concise time frame. Within this short period, other PM elections are tough. So until another election process is not taking place, Boris Jonson will carry on the prime ministership. Mr.Jonhson will also stay in the down street until the new leader replaces him. The gossip is that Boris Jonson is taking this decision after multiple senior staff are submitting their resignation notes. Most of them are blaming the display impression of PM Borrois Jonson’s cabinet. Of course, we all know about the scandalous cabinets. But this is the ultimate step Jonson is taking. This is a critical time for the UK’s politics. And as the next prime minister is not elected, the time is becoming politically critical. Even this time, any political chaos can grip the entire country. From the PM’s cabinet, the news of his resignation was announced. And this decision of resignation is proof of how much Boris Jonson is losing his confidence in the MP ships. After his resignation first, the parliamentary elections will decide his fate. Still, if the government is going to lose the game, then the general elections will sort out the issue. So there is no doubt hir sudden resignations will certainly divert the whole country into political chaos. Let’s see how the country can recover from this moment of national crisis. Read More: 11 Tips For Saving On Business Insurance How To Build An Ecommerce Website To Boost Your Business Elon Musk Takes Over Twitter for $44 Billion – What’s Known So Far?
July, 07 2022
Adani Sets To Become The Global Wealth Giant Over smarting Bill Gates In 2022
Yes!! You have heard it right Gautam Adani Sets to take over the global wealth giant Bill gates in 2022. The fortune of Adani has increased by $7.1billion in less than a week. Things can change drastically in world economics. Gautam Adani’s wealth has increased to $129 billion in the last week. It has created and set a new landmark in the Indian industry. On the other hand, Ambani receives the Centibillionaire status. Indian Industry will witness the next Billgates of the world as Adani’s wealth will make history in the upcoming times. So now we can expect some good news from the Indian business world in the upcoming times. What Makes Adani Skip Over Bill Gates Wealth In 2022? No one can become a multi-billionaire overnight; the same is true with Gautam Adani. There are many reasons which have made Adani the multibillionaire of the Indian Indian industry. Some of the core reasons are as follows:- Within less than a week, Gautam Adani has crossed 7.1 billion, and his current standings in terms of wealth chart are $129 billion, which is a few 100 million behind Bill Gates's wealth of $129.9 billion.His wealth has increased due to the success of the Adani Enterprises and Adani Green energy, whose share prices are climbing at a rapid pace after they have announced raising their money.Adani Enterprises' share price has moved up meteorologically within six months from Rs 2190 on April 20 to Rs 2394 on April 26. Adani Green Energy shares prices climbed from Rs 1923 one month ago to Rs 2976 today.Adani Wilmar Prices have also shot up from Rs 268 in February to Rs 803 within less than three months.On April 20, Adani Power share prices were Rs 242.20. It has also soared up to Rs 43.45, and its current share price of Rs 285.65 on April 26. Our Thoughts Hence, chances are there that India and the world will witness the rise of another Bill Gates within 2022, whose name is Gautam Adani. Adani moved to the 4th spot overtaking Warren Buffet in the global rich list. Let’s keep our fingers crossed to witness the formation of the history of the Indian Industry. The upcoming Indian business arena can hear some good news from this zone. Read Also: How To Raise Funds For A Startup Post-PandemicHow To Build An Ecommerce Website To Boost Your BusinessElon Musk Takes Over Twitter for $44 Billion – What’s Known So Far?
April, 04 2022
Jack Ma-Controlled Ant Group’s Share Repurchase Plan Cuts Valuation By 70%: Report
Jack Ma, a legendary entrepreneur, founded Ant Group. On Saturday, Jack Ma declared a share repurchase plan valued at over $78.54 billion. It sharply contrasts the $300 billion-plus value that this firm previously ascribes. This company's management plans to replenish its sharp incentive pool, and it will let the investors haul its regulatory framework over a particular time frame. You need to know the reasons for such sharp contrast. There are several reasons why Jack Ma has made such important decisions to repurchase the Ant Group share from the market. Let’s explore some of the essential reasons for repurchase. Reasons For Repurchase Of Ant’s Group Share By Jack Ma There are several reasons for the repurchase of the Ant’s group share by Jack Ma. In this news, you will understand why this well-known billionaire made such a sudden decision. The first reason is Ant Group wants to replenish its existing staff so the current shareholders and investors exit due to the regulatory overhaul. The price of the repurchased shares will be transferred to the incentive plans of the employees to attract new talent to their organization. It will provide a liquidity option to the investors of the Ant group. HangZhou has announced not to participate in repurchasing the Equity share of Ant Group. He is one of the significant shareholders of the Ant group. Hence, Jack Ma is looking for better organizational growth through its employee commitment. You should consider the mentioned reasons for such drastic decisions to repurchase the shares of Ant Group. You have to get through the process to understand better why such decisions take the shape of a resolution from the endpoint of Jack Ma. The more you explore the facts, the better you can understand the situation of Ant’s group share price repurchase decisions. Upcoming years will have a bright future for Ant’s group employees. Read More: Canada Stops Advertising With Facebook And Instagram On News Row $852 Billion Surge Lead By Zuckerberg Among The World’s Richest People Goldman Sachs Recommends 5 Stocks To Buy As It Updates About AI's Role In The Music Industry
July, 07 2023