Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 Won case against income tax department but still waiting for benefit? No more delay after an update in ITR portal
 Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
 Income Tax Return: Miss THIS ITR filing deadline and you will be fined Rs 10000
 Tax contribution of petroleum sector set to drop rapidly in FY 2024-25
 Missed reporting foreign assets in ITR? File revised return to avoid Rs 10 lakh penalty
 Tax regime shift: Is filing ITR under old regime still valid after default new regime?
 Income Tax Department Targets Bogus Refund Claims, Issues Notices To Taxpayers
 IT firms bullish on higher spending due to tax cuts
 How to calculate capital gains tax on sale of land?
 Don't fall for fake notices! How to verify your income tax communication
 I decided to shift to the new tax regime. Will I lose benefit on interest income of my PPF account?

Airlines in India suffer Rs 4,000 crore loss in 2007-08
June, 05th 2008

Airlines in India have suffered a staggering loss of Rs 4,000 crore in 2007-08, and it could double in the current fiscal depending on which way fuel prices are headed, Civil Aviation Secretary Ashok Chawla said.

"Oil prices are at all-time high and airline operators are finding it difficult to make both ends meets. In fact there are substantial losses being reported by the airlines in India," he told reporters after a meeting with airlines operators here.

Chawla said in 2007-08 all airlines together reported a loss to the tune of Rs 4,000 crore and it could reach the double figure this fiscal depending upon the movement of oil prices.

"We have asked them for some more specific details which could be prepared as representation and would be submitted by the Civil Aviation Minister (Praful Patel) to the Prime Minister (Manmohan Singh) and the Finance Minister (P Chidambaram," he said.

Chawla said the Ministry would tell the Prime Minister and the Finance Minister the difficulties being faced and what could be the ways and means through which the government could provide relief to this key sector.

"The airlines have also assured that they will do everything possible to cut the cost and ensure that the burden to the passengers is kept to the minimum," he said.

Patel had said on Monday that the Ministry was "very concerned and unhappy", as rise in aviation turbine fuel (ATF) prices was playing havoc with the financial health of airlines.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting