India Aviation Ministry Gives Relief to Aviation Sector Domestic Airlines can Fill up to 65 Percent Seats
When the lockdown opened, the demand for domestic flights increased and the Indian government also relaxed the rules and allowed 65 percent seats to be filled.
In a relief to the aviation sector, the Ministry of Civil Aviation has increased the passenger capacity in domestic flights from the existing 50 percent to 65 percent. That is, domestic flights will now be able to operate with 65 percent passenger capacity. Earlier, in view of the Corona epidemic, the central government had banned international commercial flights on one hand, while only 50 percent passengers were allowed to travel in domestic flights. Due to the lockdown and the epidemic, it became difficult for airlines to raise even 50 percent passengers for several months.
But now that things have improved a bit, the government on Monday allowed domestic airlines to operate with slightly more capacity. Their demand has also increased significantly after the relaxation of the lockdown by many states.
The Civil Aviation Ministry allowed domestic carriers to operate at 65% passenger capacity from the current 50%.
The number of cases of Kovid infections increased in the country, the domestic passenger traffic for the Indian aviation sector decreased. Between April and May this year, domestic passenger traffic saw a decline of around 65-67 per cent. In May, the number of domestic passengers stood at around 2 million, as against 5.73 million in April. This also affected the number of flights. The average number of flights departing daily in April was around 2000, which came down to 900 in May.
The price of gold climbed in New York for the fifth day in a row and closed above $ 1,800 an ounce for the first time in about three weeks. The contracts continue to climb in e-commerce following the publication of the minutes of the Federal Reserve’s last policy meeting in June, trading at $ 1,807.4 an ounce.
The fall in US government bond yields to its low level since February, and the stabilization of the dollar, also contributed to increasing investors’ appetite for the precious metal.
Gold contracts for delivery in August closed at $ 1,802.1 an ounce, up 0.6%, on the New York Stock Exchange. It was the first time since June 16 that gold had closed above $ 1,800 per ounce.