Citing the massive demand for air travel, particularly after the Covid pandemic, Union Civil Aviation Minister Jyotiraditya Scindia on Tuesday urged seven states and one union territory to reduce tax on jet fuel.
Air India has a debt of over Rs 58,000 crore, Centre had decided to offload 74 per cent stake in the airline but got no takers, since many private companies were apprehensive to be in a joint venture with the government.
Shares of Jet Airways tumbled 4.82 per cent, SpiceJet 1.95 per cent and InterGlobe Aviation 1.27 per cent on BSE.
Cooking gas (LPG) price was hiked by Rs 4.50 per cylinder, the 19th increase in rates since July 2016 when…
State-run oil marketing firms hiked the price of subsidised cooking gas by Rs 1.50 per LPG cylinder and jet fuel…
