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Air fares may go up as oil marketing companies hike ATF prices by 10%
Flying is set to get more expensive, with oil marketing companies Tuesday increasing aviation turbine fuel (ATF) prices by 10% under the new price-stabilisation regime. ATF prices will remain frozen at this level for three years under the new regime. Jet fuel for domestic carriers will now cost Rs 115 per litre, up from Rs 105 per litre.
ATF price stabilisation plan: Jet fuel prices rise 10% as oil retailers roll out scheme
Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years. Under the new regime, airlines opting into the scheme will pay a fixed ATF price of about Rs 115 per litre, compared with the previous rate of Rs 104.93 per litre. The move is aimed at shielding carriers from sharp swings in global...
US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs
Amid the prolonged Middle East conflict, the government has approved an Aviation Turbine Fuel (ATF) Price Stabilisation Fund to safeguard problems being faced by airlines, oil marketing companies and fliers. This will be a self sustaining revolving fund. The Union Cabinet on Wednesday approved the fund of Rs 10,000 crore support package to protect airlines from the sharp surge in aviation fuel prices triggered by the ongoing turmoil in West Asia.
Gun control group sues ATF over records release
Brady, a nonprofit gun control advocacy group, is suing the ATF and the DOJ over their refusals to release documents and other information about who the largest sellers of crime guns in the U.S. are.(Image credit: Charly Triballeau)
ATF prices cut for international airlines, commercial LPG prices up by Rs 42
Atul Mathur is a Senior Assistant Editor at The Times of India with over 27 years of experience in journalism. Based in Delhi, he has spent much of his career reporting on governance, public policy and politics, churning out researched, data-driven stories that impact daily lives. Atul is known for investigative depth and strong human-interest narratives as he strives to bring clarity and context to complex issues.
Middle East crisis: IndiGo grounds flights to six overseas destinations amid cost pressures
India’s largest airline IndiGo on Thursday announced the temporary suspension of flights to six international destinations, including Hong Kong, Shanghai and Thailand’s Krabi, as it moves to optimise its network amid softer travel demand and rising operating costs. The budget carrier said services to Langkawi, Krabi, Ho Chi Minh City, Hong Kong and Shanghai will be suspended from July 1, while flights to Siem Reap will be halted from July 3. The suspension will remain in place until...
‘How to have financially strong airlines,’ India finally begins to figure out
The ongoing West Asia crisis could pave the way for long-awaited reforms for India to have financially viable airlines and a sustainable aviation sector. The Union aviation ministry has “initiated a study on financially stressed airlines in India to assess structural challenges and identify measures to improve sector resilience.” It has asked airlines and other stakeholders to suggest reforms in policy, regulatory affairs, operations, contracts, procurement-related and other areas; the...
Amino Acid Stress Induces Non-AUG Initiation of c-myc Translation
Initiation of translation at non-AUG start codons can generate novel isoforms of important cellular regulators, with activities or localization distinct from their AUG-initiated counterparts. Ribosomes scanning the 5'UTR upstream of canonical AUG starts recognize near-cognate starts inefficiently, however, and the mechanisms by which non-canonical starts might be regulated physiologically are poorly understood. We show here that the restriction of utilization of individual amino acid induces...