Air fares to rise next month as ATF prices touch all-time high

September 3, 2013

Air_faresNew Delhi, Sep 3: Get set for skyhigh air fares from next month when the peak travel period kicks off with the festive season. Oil companies have hiked aviation turbine fuel (ATF) prices by 7%, taking the prices of jet fuel — which is the single largest component of an airline's operating cost — to an all-time high. Now ATF per kilo-litre costs Rs 75,031 in Delhi; Rs 77,632.4 in Mumbai and is the steepest in Kolkata at Rs 85,645.1.

"The July-September period is the leanest travel season of the year and at the moment, airlines are selling tickets at low fares to fill up planes. So hiking fares now may not be possible. Spot fares in the October-mid January season will be high. Expect a 25%-50% hike in spot fares in that period," said an airline official.

The only way to escape high fares in that period will be to book as early as possible. "Advance domestic fares are very reasonable as airlines want to fill planes and also generate some much-needed cash. People should book now," said Anil Kalsi, a leading Delhi-based travel agent.

ATF, whose price is high due to mix of high base price by oil companies and exorbitant sales tax rates by states, accounts for over half of an airline's operating cost. Oil PSUs revise jet fuel prices in the beginning of every month, depending on price of international crude and rupee's exchange rate with the dollar. The latest hike has now brought ATF at record high, surpassing the previous high set last September. A year back, ATF cost was Rs 73,710.0 in Delhi — which was the highest ever then and in exactly a year a new record level has been reached. The aviation ministry has called a meeting of state aviation ministers next week and the issue of reducing sales tax will be discussed there, with more focus on Delhi and Mumbai to lower their taxes on ATF.

Airline sources point out that ATF prices have risen 22% from July to September. The overall cost of operations has gone up by 20% due to jet fuel prices and rupee devaluation. "While costs are up 20%, fares are lower by 30%. In early July, spot fares of Delhi-Mumbai and Delhi-Bangalore were about Rs 9,000 and Rs 9,800 respectively. The current spot fares for these two routes are Rs 6,000 and Rs 6,500. This is recipe for disaster," said an airline official.

Domestic airlines have long complained of facing an extremely cost-hostile environment in India. The Centre for Asia Pacific Aviation (CAPA) estimates that airlines here have collectively lost Rs 53,650 crore from 2007 to 2013 and their debt on March 31, 2013, was close to Rs 1 lakh crore. "(While costs are significantly up), yields or fares are down by 30%. The industry has completely lost pricing focus....

Industry risk is at peak and I don't rule out any industry rationalization (hinting at another airline's closure) out of this crisis," CAPA India chief Kapil Kaul said.

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Agencies
June 12,2020

Google on Friday announced the launch of a new feature on Google Search, Assistant, and Maps for users in India to help them find information on COVID-19 testing centres near them.

The search giant has partnered with the Indian Council of Medical Research (ICMR) and MyGov to provide the information on authorised testing labs.

The feature is currently available in English and eight Indian languages including Hindi, Telugu, Tamil, Malayalam, Kannada, Bengali, Gujarati, and Marathi.

According to the company, users will now see a new "Testing" tab on the search result page providing a list of nearby testing labs along with key information and guidance needed before using their services.

On Google Maps, when users search for keywords like "COVID testing" or "coronavirus testing" they will see a list of nearby testing labs, with a link to Google Search for the government-mandated requirements.

Google said that the Search, Assistant, and Maps currently feature 700 testing labs across 300 cities and working with authorities to identify and add more testing labs located across the country.

The company reiterates that it is important to follow the recommended guidelines that help determine testing eligibility before visiting.

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News Network
March 3,2020

New Delhi, Mar 3: A day after two new cases of novel coronavirus that included one from Delhi were reported, the Health Ministry on Tuesday said six cases with "high-viral load" were detected during sample testing in Agra and these people have been kept in isolation. The six people had come in contact with a 45-year-old patient from Delhi, whose case came to light on Monday, and they include his family members.

According to government sources, the man, who is a resident of Mayur Vihar, had visited them in Agra.

The six have been kept in isolation at Safdarjung Hospital in Delhi and their samples are being sent to NIV, Pune for confirmation.

Contact tracing of the people who came in contact with the six is simultaneously being done through the Integrated Disease Surveillance Program (IDSP) network, the ministry said in a statement.

Sources said the patient from Mayur Vihar was shifted to a quarantine ward at Safdarjung Hospital on Sunday night.

His other family members have been asked to stay alert and look out for symptoms. One accountant, who came in contact with the man and some of his family members, was also quarantined, they said.

India on Monday reported two new cases of the novel coronavirus, one from Delhi and another one from Hyderabad. The government has stepped up its efforts to detect and check the infection which has killed 2,912 people in China.

On Monday, Rajasthan Health Minister Raghu Sharma had said that an Italian tourist tested positive for coronavirus in Jaipur.

The first sample collected from him on February 29 tested negative but his condition deteriorated, so a second sample was collected which tested positive on Monday, the minister said, adding, "Since there is a variation in the reports, the samples have been sent to the NIV, Pune for testing".

India had earlier reported three cases from Kerala, including two medical students from Wuhan in China, the epicentre of the deadly novel coronavirus. They had self-reported on their return to the country and tested positive for the infection. They were discharged from hospitals last month following recovery.

The infected person from Delhi had travelled to Italy, while the other patient who tested positive for the COVID-19 infection is from Telangana and had recently travelled to Dubai.

Both the patients had self-reported after they developed symptoms.

"They tested positive. They are stable and being closely monitored," ministry said on Monday.

The government has asked people to avoid non-essential travel to Iran, Italy, South Korea and Singapore and said India was in discussions with authorities in Iran and Italy, two countries badly affected by the infection, to evacuate Indians there.

The novel coronavirus or COVID-19, which originated in China, has spread to over 60 countries.

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News Network
May 21,2020

Bengaluru, May 21: The COVID-19-induced lockdown saw a spurt in crybercrimes in India with Kerala recording the highest number during the period, according to an analysis of IT security solutions provider K7 Computing.

The report analyses various cyberattacks within India during the pandemic and reveals that threat actors targeted the States with COVID-19-themed attacks aimed at exploiting user trust.

The sudden surge in the frequency of attacks witnessed from February 2020 to mid-April 2020 indicates that scamsters across the world were exploiting the widespread panic around coronavirus at both the individual and corporate level, the company said in a statement.

These attacks aimed to compromise computers and mobile devices to gain access to users confidential data, banking details and cryptocurrency accounts.

The key threats seen during this period ranged from phishing attacks to rogue apps disguised as COVID-19 information apps that targeted users sensitive data.

Phishing attacks were noticed more in Tier-II and Tier-III cities while the metros fared better.

Smaller cities saw over 250 attacks being blocked per 10,000 users.

Users from Ghaziabad and Lucknow seem to have faced almost six and four times the number of attacks, respectively, as Bengaluru users.

In Kerala, regions like Kottayam, Kannur, Kollam, and Kochi saw the highest hits with 462, 374, 236, and 147 attacks respectively, while the state as a whole saw around 2,000 attacks during the period, the highest thus far in the country.

This was followed by Punjab with 207 attacks and Tamil Nadu at 184 attacks, the statement said.

A majority of the recorded attacks were phishing attacks with sophisticated campaigns that could easily snare even the most educated users, it said.

These attacks were aimed at heightening users fears and creating a sense of urgency to take action.

The report noted phishing attacks where scamsters posed as representatives of the United States Department of the Treasury, the World Health Organisation, and the Centres for Disease Control and Prevention.

Users were encouraged to visit links that would automatically download malware on the host computer such as the Agent Tesla keylogger or Lokibot information-stealing malware, infamous banking Trojans such as Trickbot or Zeus Sphinx, and even disastrous ransomware.

Other attacks included infected COVID-19 Android apps like CoronaSafetyMask that scam users with promises of masks for an upfront payment; the spyware app Project Spy; and seemingly genuine apps that are infected with dangerous malware like banking Trojans such as Ginp, Anubis and Cerberus, it was stated.

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