MORE THAN 2.39 MILLION passengers were directly affected by delays in the first 11 months of the year, a 27% increase compared to the same period in 2023. To compensate, airlines distributed â¹29.75 crore in facilities to the inconvenienced travellersâa steep 41% rise over the previous year. Yet, these measures fell short of easing passenger dissatisfaction.
A host of factors contributed to the spike in delays, with the most common being 'reactionary delays'. This DGCA-defined category arises when the late arrival of aircraft, crew, passengers, or cargo from a previous flight sets off a cascading effect. Additional causes included nearly 1,000 hoax bomb calls, a Microsoft CrowdStrike outage, mass pilot absenteeism and adverse weather conditions.
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Manu, Gukesh Among 4 to Be Awarded Khel Ratna
DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.
Climate change mitigation needs funding
At the fourth edition of the IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India and moderated by Amitabh Sinha, Editor (Climate and Science), panellists discussed how municipal bodies can leverage capital markets to solve climate-related problems
Norms for capex release...
THE BALANCE OF â¹55,000 crore is untied advances to states for projects identified by the states.
Indices soar nearly 2%
EQUITY INDICES OF China, Hong Kong, and Thailand declined by up to 2.66%, while Indonesia (up 1.18%), Australia (up 0.53%), and Singapore (up 0.35%) ended with gains.
Rein in tax terrorism
WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS
Lessons from Manmohan Singh
Singh, as an RBI governor living through the permissive 1980s, understood the value of fiscal conservatism and implemented it as finance minister
China's late-year EV sales boom gives way to rocky 2025
CHINESE ELECTRIC VEHICLE makers led by BYD saw a late-2024 sales boom that's set to give way to another bruising year as carmakers face risks to demand both at home and abroad.
US Jobless Claims Fall to Eight-Month Low
INITIAL APPLICATIONS FOR US unemployment capped 2024 at an eight-month low, reflecting the relatively muted levels of job cuts in a labor market that has remained surprisingly resilient.
Europe, Asia factories end 2024 on weak footing
FACTORY ACTIVITY IN Asia and Europe ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China's fragile economic recovery.
Banks' credit growth to be subdued: ICRA
ICRA HAS REVISED downwards its credit growth estimate to 10.5-11% for the current financial year from the earlier 11.6-12.5%.