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Wednesday, December 17, 2008
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AIRLINES: States oppose declared goods status for aviation fuel
Loss of revenue, lack of clarity on pricing are main reasons. New Delhi, Dec. 16 The Empowered Committee of State Finance Ministers has opposed the idea of granting ‘Declared Goods’ status to aviation turbine fuel (ATF). It will be ...

AIRLINES: Oil cos claim penal interest on delayed aviation fuel bills
Also seek guarantees on outstanding payments. New Delhi, Dec. 16 The public sector oil retailers are claiming penal interest from domestic airlines that have defaulted on their bills for aviation turbine fuel ...

INSIGHT: Hedging against ATF price volatility
Civil aviation companies in India have been facing cost pressures in recent times. The grand plans of expansion into the international sector have forced many airline companies to double capacity by ordering more aircraft. ...

RAILWAYS: Train movements at Howrah hit by poor visibility
Poor visibility caused by dense morning fog has hit normal movement of several mail/express as well as suburban trains in Howrah-Kharagpur-Bhadrak and Howrah-Kharagpur-Tatanager sections of South Eastern Railway, according to a press ...






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Markets (Dec 16)
Nifty (at close)3041.75(+60.55)
US Dollar (Buy/Sell)47.81/82
Brent crude (a bbl) Rs2,247
Gold (a gram) Rs1,192
Silver (a kg) Rs17,715

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In Focus
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Dec. 7-Dec. 13
Whither aviation security?

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