compensation – The News Desk

A day after its lawyers declared in the Delhi High Court that Akasa Air might be forced to cease its operations following the resignations of 43 pilots, co-founder and Chief Executive Vinay Dube on Wednesday sought to allay stakeholder concerns. He assured employees in an email that the airline’s future and growth path were intact. The airline's statement in the court that it was in a "state of crisis" and had been cancelling 24 flights a day in September came even as it received permission from the Civil Aviation Ministry on September 11 to start international operations. The airline is looking at South Asian, Southeast Asian, and West Asian destinations for its international flights. The airline is undergoing severe turbulence due to the abrupt resignations o...

NEW DELHI: The government is working on setting up the 16th Finance Commission over the next few weeks and is debating the terms of reference at a time when several states are facing financial stress and the Centre is worried over the impact of the spate of freebies announced across the country without factoring in the fiscal situation and the impact in the long run.While the 15th Finance Commission's award is valid up to the 2025-26 financial year, the Centre is keen to ensure that the next panel gets adequate time to deal with the issues and submit its recommendations. The last commission was impacted by the pandemic, which resulted in two sets of recommendations - one for FY 2020-21 and the second for 2021-26. Besides, Jammu & Kashmir and Ladakh were carved out as separate union te...

Tag: compensation

CEO Dube seeks to douse fire lit by lawyers’ closure claims

Govt readies new finance panel mandate