Akasa Airlines

Photo: The Economic Times

Akasa Airline Seeks Intervention Of Delhi HC Over Pilot's Resignation

Akasa Airlines filed a petition in the Delhi High Court, seeking intervention into the recent mass resignation of pilots. Notably, the airline is going through a shortage of pilots, as 43 pilots submitted their resignation, to join rival airlines, leading to a potential shutdown. The Airline, which is cancelling over 21 flights a day, is suffering huge losses and also sought action by the Director General of Civil Aviation.

Wed, 20 Sep 2023 - 02:14 PM / by Varsha Joshi

Tags: Akasa Airline, Pilot Resignation, Delhi Court, DCGA, Economic crisis

Courtesy: Vibes of India


Photo: India Today

Amazon Layoff Continues With 500 Employees In India

Amazon continues to layoff more employees in various verticals of India. This fresh round of downsizing is part of the broader layoffs announced by CEO Andy Jassy in March, affecting approximately 9,000 employees. The process is ongoing, people familiar of the matter said, adding that the employees are being laid off from Web Services, Human Resources and Support department. This another wave of layoff which Amazon employees are witnessing.… read-more

Tue, 16 May 2023 - 12:01 PM / by Varsha Joshi

Tags: Amazon, layoff, Business News, employees, Economic crisis

Courtesy: NDTV

Elon Musk

Photo: The Indian Express

Twitter Plans To Buy Silicon Valley Bank After Crisis?

Twitter CEO Elon Musk says, he is ready to by Sillicon Valley Bank, after the shocking crisis. On March 11, the Tesla Owner responded e to a tweet posted the Razer Inc CEO Min-Liang-Tan, which read, "I think Twitter should buy SVB and become a digital bank." Reacting to this tweet, Musk shared a cryptic post, indicating that he could buy SVB. "I'm open to the idea," tweeted Musk.

Sat, 11 Mar 2023 - 04:09 PM / by Varsha Joshi

Tags: Twitter CEO, Elon Musk, Silicon Valley Bank, Economic crisis, Min Liang Tan

Pakistan Parliamentary

Photo: First Post

Pakistan Govt Increases Tax On Luxurious Item Import Amid Economic Crisis

In order to attract the IMF deal, the Pakistan Government announced a hike in taxes on import of luxurious items. The increased taxes on import of items like cars, home appliances, chocolates and cosmetics to 25%. The decision was taken after a go-ahead from the Pakistan Parliament, to attract the IMF loan of 6 billion, which has been in talks, which has created a struggle for economic survival for Pakistan.

Fri, 24 Feb 2023 - 10:31 AM / by Varsha Joshi

Tags: Pakistan Government, Tax Hike, Import, IMF, Economic crisis

Courtesy: NDTV


Photo: The Indian Express

Milk, Meat And Chicken Prices Goes Up In Pakistan Amid Crisis

At a time when Pakistan is suffering a major economic crisis, the prices of milk, meat and chicken along with other utilities increased, in effect from February 14. According to sources, milk is now at PKR 210/liter, whereas meat and chicken is available at PKR 1,110/kg and PKR 780/kg, respectively. The IMF postponed the disbursement of a vital USD 1.1 billion tranche of a deal, causing trouble to Pakistan.

Tue, 14 Feb 2023 - 03:12 PM / by Varsha Joshi

Tags: Pakistan(40, ), Economic crisis, meat, Milk, IMF

Courtesy: Zee News India

Gotabaya Rajapaksa

Photo: NewsIn Asia

Former Sri Lankan President Gotabaya Rajapaksa To Be Sued; Sri Lankan Court Allows Proceedings

Sri Lanka’s top court has giving permission for proceedings against former Sri Lankan President Gotabaya Rajapaksa. This has come after rights group Transparency International filed a case against Rajapaksa, holding him accountable for the island nation’s worst financial crisis in more than seven decades. The court has also agreed to entertain proceedings against former PM Mahinda Rajapaksa. 

Fri, 07 Oct 2022 - 02:42 PM / by Shibu Immanuel S

Tags: Sri Lanka, Colombo, Gotabaya Rajapaksa, Mahinda Rajapaksa, Economic crisis

Courtesy: Hindustan Times

Gotabaya Rajapaksa

Photo: NewsIn Asia

Former Sri Lankan President Gotabaya Rajapaksa Returns To Colombo, Travels With Heavily Armed Guards

Ousted former Sri Lankan President Gotabaya Rajapaksa has returned to his homeland of Sri Lanka, seven weeks after fleeing the country. Rajapaksa, landed in Colombo’s Bandaranaike  International Airport, on September 3, and traveled to a government-owned house allocated to him as the former President in a motorcade with heavily armed bodyguards. Rajapaksa had fled the country in July, after agitated citizens stormed his residence amid the… read-more

Sat, 03 Sep 2022 - 04:52 PM / by Shibu Immanuel S

Tags: Sri Lanka, Economic crisis, Gotabaya Rajapaksa, Mahinda Rajapaksa, Colombo

Courtesy: Hindustan Times

Gotabaya Rajapaksa

Photo: NewsIn Asia

Gotabaya Rajapaksa To Return To Sri Lanka On September 3

Former president of Sri Lanka Gotabaya Rajapaksa, will reportedly end his self-imposed exile on September 3, and return to his home land. Rajapaksa has been living in a Thai hotel as a virtual prisoner. Rajapaksa fled the country as his residence was outrun by agitated citizens. The island nation is facing the worst political turmoil recorded in the nation’s history, followed by an economic crisis, with food and fuel shortage.

Fri, 02 Sep 2022 - 07:36 PM / by Shibu Immanuel S

Tags: Gotabaya Rajapaksa, Sri Lanka, Colombo, Thailand, Economic crisis

Courtesy: Hindustan Times

Japan’s Food Assistance To Sri Lanka

Photo: Colombo Page

Sri Lanka Receives $1.5 Mn Food Assistance From Japan Amid Rising Food Crisis

Sri Lanka received the first tranche of food assistance worth USD 1.5 million from the government of Japan, on August 30. This has come as per the promise made by Japan earlier this year, through the United Nations World Food Programme (WFP). Reportedly, over six million Sri Lankans (roughly 30% of the total population), are facing a grim food crisis. 

Tue, 30 Aug 2022 - 03:02 PM / by Shibu Immanuel S

Tags: Sri Lanka, Japan, food crisis, Economic crisis, WFP

Courtesy: ANI

Indian Fertilisers

Photo: Maritime Gateway

India Sends 21,000 Tonnes Of Fertilisers To Sri LankanAs Humanitarian Assistance

Amid the ongoing Sri Lankan crisis, India has donated around 21,000 tonnes of fertilisers to the crisis-ridden nation. Notably, India supplied 44,000 tonnes of fertilisers to Sri Lanka in the previous month. With this, India has provided support to the island nation worth USD 4 billion. The economic crisis in Sri Lanka continues to stay grim, with UN warning that 5.7 million people in Sri Lanka “require immediate humanitarian assistance”.

Mon, 22 Aug 2022 - 07:19 PM / by Shibu Immanuel S

Tags: Sri Lanka, Colombo, Fertilisers, Economic crisis, Rajapaksa

Courtesy: ANI