India's air passenger traffic dips 84% in June : Bulletin: Business Today
Business Today

India's air passenger traffic dips 84% in June

Loading the player...

July 23, 2020

Fiscal measures expected once COVID-19 uncertainty declines: CEA Subramanian

Chief Economic Adviser K V Subramanian on Wednesday said that more fiscal measures would be announced by the government to boost demand once coronavirus-related uncertainty wanes. Speaking at a webinar organised by FICCI, Subramanian said that the uncertainty is likely to wane significantly once COVID-19 vaccine is found.

PM Modi bats for tech-driven solutions to help workers find jobs

Prime Minister Narendra Modi has pitched for use of technology-driven solutions for workers to get jobs near their homes, as also employers to find skilled workforce with the click of a button. Interacting with bureaucrats and experts, he also suggested that industrial training institutes can modify their courses to train youth in jobs based on upcoming industrial projects being planned in a particular region.

First coronavirus vaccines can't be expected until early 2021, says WHO

Researchers are making "good progress" in developing vaccines against COVID-19, with a handful in late-stage trials, but their first use cannot be expected until early 2021, a World Health Organization (WHO) expert said on Wednesday. WHO is working to ensure fair vaccine distribution, but in the meantime it is key to suppress the virus's spread, said Mike Ryan, head of WHO's emergencies program, as daily new cases around the globe are at near-record levels.

RIL chairman Mukesh Ambani is now world's 5th richest; surpasses Warren Buffett

Reliance Industries Limited (RIL) chairman Mukesh Ambani is now fifth richest man globally after surpassing veteran investor Warren Buffett. Ambani's worth now stands at $74.6 billion, surpassing Berkshire Hathaway's chief executive Buffett's $72.7 billion as of Wednesday, according to the Forbes' billionaires' list.

India a rising defence, security partner of US: Mike Pompeo

Describing India as one of the few trusted like-minded countries, US Secretary of State Mike Pompeo said on Wednesday that New Delhi is an important partner and a key pillar of President Donald Trump's foreign policy. In his virtual keynote address to the annual 'India Ideas Summit' of the US India Business Council (USIBC), Pompeo said he was happy to report that India is a "rising" US defense and security partner in the Indo-Pacific and globally.

India's air passenger traffic dips 84% in June; GoAir records sharpest fall

Domestic air passenger traffic declined 83.5 per cent year-on-year to 1.98 million in June 2020. In the previous month, nearly 3 lakh passengers had travelled after the resumption of domestic flight operations on May 25. GoAir reported the maximum decline of 93 per cent to 1 lakh passengers from 1.3 million in June 2019.

India received foreign investment of $20 billion amid pandemic: PM Modi at India-Idea's summit

More from this section