Airlines have little incentive to cut fares after industry consolidation resulted in less competition and fewer empty seats.
Oil prices are down almost 50% from their peak this year, and jet fuel has plunged 33% since last December. Given energy costs consume almost a third of airline operating expenses, shouldn’t we expect airfares to decline as well? In short, don’t hold your breath.
As one might expect, airfares react more quickly to a rise in the price of a barrel of oil than to a decline. As economists would say, the prices are sticky on the way down.
The initial enthusiasm among the minority community for the BJP seems to be waning in Delhi after a spate of communally sensitive remarks from the party’s leaders and the insistence of the Hindutva outfits on the ghar wapsi programme. The members of the party’s minority morcha say they are a ‘demoralised’ lot now.
The upset workers say they face abuses when they stand outside mosque to distribute pamphlets and go among Muslims to convince them to vote in favour of the party.
The 'reconversion' row along with controversial remarks made by various BJP leaders, as well as the extended Sangh Parivaar, over the last month have cast a long shadow over Prime Minister Narendra Modi's 'sabka sath, sabka vikas' agenda. What remains unclear, however, is what the PM himself makes of this derailing of his development discourse.
When his own Minister Sadhvi Niranjan Jyoti asked Delhi voters not to elect Haramzadas to power, Modi was forced by the Opposition to'strongly condemn' the remarks made by his Minister of State.
Civil society, media and the government of India have all remained mute spectators while this human tragedy has been unfolding right in their backyard.
Indian media has done a commendable job in covering international events, be it Arab Spring, Tahrir Square, Gaza conflicts to beatification of saints at Vatican. The only blind spot has been the plight, or rather the genocide, of Hindus worldwide, including our neighboring countries like Pakistan or Bangladesh. This is quite inexplicable given that other events in these nations that have been generously covered.
India is slowly becoming a heavily indebted country with the average amount owed by each family jumping a whopping seven times in urban areas and more than four times in the hinterland during the period 2002 and 2012, shows a survey by the National Sample Survey Organization (NSSO).
In 2012, as much as 22% of urban households were indebted and the average debt per family was Rs 84,625, up from Rs 11,771 in 2002, while in rural areas, 31% of households were indebted compared to 27% in 2002 with average debt rising to Rs 32,522 in 2012 from Rs 7,539 in 2002.
A report about 35 people getting converted to Hinduism would be probed by a senior police official, Kerala Home Minister Ramesh Chennithala said. The conversion reportedly took place in Alappuzha and Kollam districts.
In Alappuzha, members of eight Christian families - a total of 30 people - reportedly embraced Hinduism at a temple function organised by the Vishwa Hindu Parishad (VHP). In Kollam, there were five people who reportedly became Hindus.
An all-woman commando platoon has made women feel more secure on the streets of Guwahati. It has set a model that should be emulated across the country.
It’s early in the morning. Bismita stands in front of the bathroom mirror, brushing her teeth. Her roommates are giggling and talking among themselves, waiting for their turn to freshen up and get ready for the day ahead. Suddenly, a siren wails and everyone stands still.
Congress president Sonia Gandhi is being treated for a more serious ailment than what is being reported. She could possibly be undergoing chemotherapy at Ganga Ram hospital.
Contrary to the media reports, Congress president Sonia Gandhi is not just undergoing treatment for infection in her lower respiratory tract. INNLIVE has learnt from a reliable source that 68-year-old Ms Gandhi is undergoing chemotherapy at Delhi’s Sir Ganga Ram Hospital. According to the same source, the Indo-American doctor who had conducted surgery on her in the United States in 2011 was also called upon to the national capital at a short notice.
