British Airways canceled dozens of flights Friday, blaming computer problems for disrupting plans for thousands of passengers at the start of a busy holiday weekend – a rocky kickoff to the summer travel season in Europe. The technical glitches and strikes by airport staff across Europe are stirring concerns about a repeat of last summer’s … Read more
Indian domestic air travel has significantly improved as it touched 85.7% of pre-COVID 2019 levels in the year 2022, according to the International Air Transport Association (IATA). IATA announced earlier this month that the recovery in air travel continued in December, 2022 and was signed up for the whole year compared with 2021. In India, … Read more
Etihad Airways chief Tony Douglas said Tuesday achieving net-zero carbon emissions by 2050 poses the “biggest challenge” for commercial aviation, in a reality check for the industry. Last year, the International Air Transport Association pledged carbon neutrality by 2050, which is also a target of the United Arab Emirates and several other countries. “The biggest … Read more
India has suspended tourist visas issued to Chinese nationals, global airlines body IATA told its member carriers on April 20. India has been raising with China the plight of approximately 22,000 Indian students enrolled in Chinese universities who are unable to go back for physical classes. However, the neighbouring country has till date refused to … Read more
By Rameesh KailasamBudget 2020 introduced Section 194-O of the Income-Tax (I-T) Act. Its primary intent was to widen the tax base by bringing the ecommerce ecosystem into it. Participants in this ecosystem, it was believed, neither paid taxes nor filed their tax returns, thereby escaping tax liability.194-O exempted non-resident ecommerce participants, set a ceiling limit … Read more
LONDON: The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when the rise of electric vehicles and a shift to renewable energy sources were already … Read more