Watching Poverty Grow

Air India seeks Rs 10,000-crore bailout





POVERTY GROWS AT THE EXPENCE OF SUBSIDIZING THE LUXURY TO FEW WHILE DHRAVI REMAINE WITHOUT LOW INCOME HOUSING A EXIST IN WEST

Air India seeks Rs 10,000-crore bailout
23 Jun 2009, 2121 hrs IST, IANS





NEW DELHI: India's flagship carrier Air India, which is struggling to cope with a cash crunch, will ask for a Rs.10,000-crore (about $2 billion)
bailout package from the central government, a senior official said.

Airline officials, who discussed the airline's financial problems with Civil Aviation Minister Praful Patel on Tuesday night, will meet top government officials again seeking help.

The minister arrived here on Tuesday after attending the Paris air show.

"We are looking for at least Rs.10,000 crore bailout package. I am not sure if the government would agree on this," said the Air India official, who did not want to be named.

Air India earlier said it was looking for a bailout package worth at least Rs.15,000 crore from the government.

Air India chairman and managing director Arvind Jadhav, Civil Aviation Secretary M. Madhavan Nambiar and other senior ministry and airline officials had met the Principal Secretary to the Prime Minister, T.K.A. Nair, Monday with the demands. But they did not get any assurance from Nair.

Jadhav last week met Cabinet Secretary K.M. Chandrasekhar.

National Aviation Co of India Ltd (NACIL), which owns Air India, had earlier announced that it would delay the salaries of its over 31,000 employees for 15 days. The management has also asked the top executives of the airline to forgo their one month's salary.

The employees, however, did not accept the management's decision and said they would go for an indefinite strike from July 1 if the management delays their salaries.

According to the International Air Transport Association (IATA), the global aviation industry is expected to lose about $9 billion this year.

The Centre for Asia Pacific Aviation (CAPA) says the Indian aviation industry is likely to incur around $2 billion losses this year.



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Re: # 103
anil...
sir, you are far more senior and experienced than me...
May be, I should have put words in different way....
Bangalore is complementing Silicon Valley in couple of research areas....
GE,HP and Intel Labs in Bangalore are definitely doing some good work....

Re: # 102

nkg:

"...India is able to challenge Silicon Valley...."

This is a far fetched statement. Silicon Valley is known to reinvent itself, and transfer jobs where they can be performed more cost effectively. Printed Circuits moved, Semiconductor Fabs moved, Computer Manufacturing moved, Software moved. After each of these, Silicon Valley's wealth only increased, if wealth generation is a criteria of better performance. Each time these transitions took place the countries where these jobs moved also became richer in experience and generated jobs and wealth for the local economies of the countries.

As long as Silicon Valley continues to reinvent itself, it will continue to attract the best and the brightest. Clean Technologies, Solar Energies besides Genetics are happening here in Silicon Valley to reinvent itself. There are talent and institutions that make it possible for Silicon Valley to keep reinventing itself.

Riaz Haq...
With all the extreame poverties etc...India is able to maintain decent growth rate in power, industry and education,telecom sector...
With it's poor quality education, India is able to challenge Silicon Valley....
With poor quality manufacturing sector, India is producing decent vehicles from Tata, Mahindra and new defence technologies are getting absorbed day by day (LCA project helped India master 6/7 types of technologies)..India at least manufactures some of the consumer electronics items...
With poor quality healthcare system, India is able to get healthy number of "medical tourists"...
With 33 dominant cultures and ethnicities and even with large number of moslems, Indian internal problem is very less.....
India houses one of the most effective banking and financial management system ....

http://business.rediff.com/slide-show/2009/jun/23/slide-show-1-solar-pow er-and-indias-ambitious-plans.htm

http://www.suzlon.com

http://www.bharatf orge.com/company/profile.asp

http://www.moserbaer.com/overview.asp
some good stuff to show cause too, apart from soft power of it's heritage like ayurveda and yoga....

Re: # 99
BJ..
That is the sign of stupid intellectualism...
These Arundhuti Roy etc.. will support everything except any action of India. You tell her to relocate to Pakistan or any Urdoo/Musla country...I am sure, she will refuge....This is price of democracy, we ( India, USA, UK etc...) pay for.....

Re: # 96
Shankar...
Sir, cool down...Even if Pakistan is closer to India, that does not make any difference...Post cold war period, India have to concentrate far more on China and we are laggards there...
I am planning sell "hallal" botted water (to Pakis and other muslas), like the chinkus are selling us Deepavali items....

Re: # 97
[after 60 yrs of independence, Pakistan has a bad image in the world & India has a good one--even though the reality is different.]

If Dalrymple indeed said those words, it is interesting to contrast the same with his actions -- he has parked his fanny in Delhi since 1984 -- and not budged an inch!

#97 " This website is not an influential site...only Indo-Pak bigots live here."

Dr. Riaz, please dont be misled by Dr. Shankar. I hear Obama reads the chowk every morning in order to get the inside information. That is even before his daily security briefing!! This year a record number of college graduates in the US received Gift Memberships to Chowk.

Its interesting what Darlymple said---

after 60 yrs of independence, Pakistan has a bad image in the world & India has a good one--even though the reality is different.

I guess India's spin doctors have done a better job than Pakistan.
Burns you guys doesn't it?!:)

Riaz mian---that's why I said, don't waste your considerable spin doctoring skills on Chowk. This website is not an influential site...only Indo-Pak bigots live here. Not matter how many times you post favorite articles that you saved, over & over again, you wont change any minds.

I think your skills could be considerably more effective on comment boards in say...the Economist , which has a bigger & much more international audience.

Riaz,

Gee I'm so glad you quoted Darlymple. You have posted his "famous" paragraph for the nth time.

I wonder why you haven't quoted the REST of that "famous" article from the Guardian. That article compared India & Pakistan.

He highlighted 3 major issues that Pakistan has done worse than India:

1) lack of democracy

2) burgeoning jihadi culture

3) the most significant of all
EDUCATION progress

"The third major issue facing the country is its desperate education crisis. No problem in Pakistan casts such a long shadow over its future as the abject failure of the government to educate more than a fraction of its own people: at the moment, a mere 1.8% of Pakistan's GDP is spent on government schools. The statistics are dire: 15% of these government schools are without a proper building; 52% without a boundary wall; 71% without electricity."

"This education gap is the most striking way in which
Pakistan is lagging behind India: in India, 65% of the population is literate and the number rises every year: only last year, the Indian education system received a substantial boost of state funds.

But in Pakistan, the literacy figure is under half (it is currently 49%) and falling: instead of investing in education, Musharraf's military government is spending money on a cripplingly expensive fleet of American F-16s for its air force. As a result, out of 162 million Pakistanis, 83 million adults of 15 years and above are illiterate. Among women the problem is worse still: 65% of all female adults are illiterate. As the population rockets, the problem gets worse."

Gee... how come you never mention this even when you give your commentary on how bad India's education system is?!

This is a CLASSIC example of your spin doctoring--highlight all the negatives of India & ignore or dismiss what is negative about Pakistan.


Here is the final summation of his thoughts:




"Sixty years after its birth, India faces a number of serious problems - not least the growing gap between rich and poor, the criminalization of politics, and the flourishing Maoist and Naxalite groups that have recently proliferated in the east of the country. But Pakistan's problems are on a different scale; indeed, the country finds itself at a crossroads. As Jugnu Mohsin, the publisher of the Lahore-based Friday Times, put it recently, "After a period of relative quiet, for the first time in a decade, we are back to the old question: it is not just whether Pakistan, but will Pakistan survive?" On the country's 60th birthday, the answer is by no means clear."

Re: # 92
Sanatani ji...
It is not only east of Kanpur, some part in South and West of Kanpur is also very poor...The entire tribal belt of MP, Chattisgarh, Bidarbha, Rajasthan, part of Gujrat and Northern Maharashtra....the list is very long...Otherwise, how come India makes that much population? The state of agriculture is very bad in these states...

Re: # 92
Sanatani ji...
It is not only east of Kanpur, some part in South and West of Kanpur is also very poor...The entire tribal belt of MP, Chattisgarh, Bidarbha, Rajasthan, part of Gujrat and Northern Maharashtra....the list is very long...Otherwise, how come India makes that much population? The state of agriculture is very bad in these states...

Sanatani bhai,

What RH babu says about India is basically correct. What is disputed is his contention that Pak is much better off. It may have been true in the past, but may not be true any more, based on evidence suggests is not true.

i hope when taliban take over pak they nuke all of India East of Kanpur

Aisa mat kahiye. Where will the unskilled labour that will be needed West of Kanpur come from?

Regards

Vaise Riaz Haq is obsesses with India but what he writes is right India's indicators are majorly effed when compared to pak because of East of Kanpur. Basically if you were to draw a meridien that would pass through Kanpur and then you removed all that area from India then our inicators would be better than China by a good margin (of course China also has some areas like ours comprising a quarter of its population but I am talking of China as a whole).

This begs 1 question that even in WB even if ther was no rigging and no party machine the commies would still get a small majority and in Orissa biju behen ka bhai has got a small landslide despite killing protestors like mice and getting policemen killed like lice then what is this great maturity of the Indian voter.

I hate to say this and not the least because riaz haq is a muhajir scumzada but i find more truth from him about India than those syrupy diabetes causing roshankhayali tv anchors who are dime a dozen in our country.

i hope when taliban take over pak they nuke Delhi and Gurgaon and all of India East of Kanpur

Sanatani

Re: # 86
nkg
Food prices have gone up since 2008 and the wages have also increased in Karachi. A woman working as a maid in couple of houses could make about Rs.5000. Still they must have more than one working person in every family to subsist.
Rural development could be seen in some areas of Punjab. The rest of rural towns and villages have not seen much development since the British left. Rural areas of Sindh have suffered badly because of water shortage and change in water course. Water systems built after 1947 have deserted some fertile areas of Sindh and Punjab. The newly irrigated lands have been given to army personnel and the rural residents were forced to migrate to the cities.

Riaz Haq,
In India, moslems constitutes large % of urban poors, who are forced to live under pathetic sanitation facility...It will be nice for you to use your Paki/Madressa/Islamic alumnus WWW network, to raise funds for urban poor moslems of India...2/3 bn US$ is enough for the time being...I am sure kind hearted arabs will invest money in such area....