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Tag: Hiked

  • Kashmir Airfares Hiked At Will By Airlines And Ticket Operators: KCCI

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    SRINAGAR: The Kashmir Chamber of Commerce & Industry Saturday alleged that some airlines in collusion with bulk ticket booking operators are hiking the airfares at their sweet will in wake of the huge influx of tourists and Non-Resident Kashmiris (NRK).

    The Chamber said that the feedback received about the tourist inflow to Kashmir Valley by air route indicates that the rush of air travellers to the valley is increasing as besides the tourists, a large number of NRKs, students, and patients taking treatment outside the state are returning for the celebration of Eid festival at their homes and it is learnt that some Airlines in collusion with bulk ticket booking operators are hiking the airfares at their sweet will which is not only affecting the tourist business in Jammu & Kashmir adversely but it also overburdens the Non Resident Kashmiris, local students and patients.

    Faiz Ahmad Bakshi, Secretary General, the Kashmir Chamber of Commerce & Industry said that it has already expressed its grave concern about such ill-advised unwarranted fare hiking practice by the concerned airlines’ bulk ticket booking operators as it was also observed by the Department-related Parliamentary Committee on Transport, Tourism and Culture, Government of India.

    “It appears that the Airlines operators on Delhi/Jammu/Srinagar air route have not taken the clear recommendations of the said Department- related Parliamentary Committee on the subject seriously and are instead hiking the fares irrationally which is tantamount to undue profiteering by the Airlines causing a hurdle to the tourist movement,” the Chamber said.

    The Kashmir Chamber of Commerce & Industry said that it would earnestly request the Minister for Civil Aviation and Director General Civil Aviation Government of India to have the recommendations of said Department-related Parliamentary Committee implemented in letter and spirit without fail.

    “The Committee recommends that there should be a mechanism with the Ministry such as capping of upper and lower prices to stop the practice of ‘predatory pricing’ or the sudden surge in prices even though price buckets are being created as per international aviation norms, a close watch has to be maintained by the DGCA & the Ministry and a mechanism should be devised to monitor the websites of various airlines to prevent them from misguiding passengers,” the panel said that in case private airlines do not publish the correct information regarding fares, they should be penalised for it. “The Committee observes that the Ministry of Civil Aviation has a responsibility to the travelling public and the nation at large to ensure that predatory pricing mechanism is not adopted by the airlines under the cloak of free market economy. The committee recommends the ministry should formulate a pricing mechanism for air fares to ensure that passengers are not charged exorbitant prices.”

    The Chamber said that it also likes to impress upon the Airlines operating Delhi/Jammu/Srinagar route to operate additional flights to meet the growing travel to Srinagar.

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    #Kashmir #Airfares #Hiked #Airlines #Ticket #Operators #KCCI

    ( With inputs from : kashmirlife.net )

  • Prices of commercial LPG, cooking gas hiked

    Prices of commercial LPG, cooking gas hiked

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    Liquefied petroleum gas cylinders

    New Delhi: Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.

    As per the revised rates, commercial LPG cylinders will now cost Rs 2,119.50 per unit in Delhi and price of domestic LPG cylinders will be Rs 1,103 per unit, in the national capital.

    This is the second hike in commercial LPG cylinder prices this year. Earlier, on January 1, commercial cylinder prices were increased by Rs 25 per unit.

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    #Prices #commercial #LPG #cooking #gas #hiked

    ( With inputs from www.siasat.com )

  • Post Office Schemes Interest Rate Hiked: Post Office Has Increase

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    Post Office Schemes Interest Rate Hiked: Post Office Has Increased These 5 Schemes Interest Rate Till March 31, Invest Quickly

    From January 1, the post office has increased the interest rates on all its schemes. In such a situation, you have a chance to take advantage of higher interest rates. Know here about those 5 schemes whose interest rates have been increased.

    If you have planned investment in the new year (New Year 2023) and you are looking for a scheme with guaranteed returns, then post office schemes can prove to be a better option for you. All the schemes like Fixed Deposit, RD, Sukanya Samriddhi Yojana, Senior Citizen Savings Scheme, PPF etc. are run by the post office. A lot of profit can be made through these schemes. From January 1, the Post Office has increased the interest rates on all its schemes (Post Office Schemes Interest Rates Hike). In such a situation, you have a chance to take advantage of higher interest rates. The new interest rates will be applicable till March 31, 2023. Know here about those schemes whose interest rates have been increased.



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    Post office time deposit

    First of all, we will talk about post office FD which is called post office time deposit. You get the facility of time deposit up to 1, 2, 3 and 5 years in the post office. Their interest also varies according to the period. Interest rates have changed since January 1. Currently, you are getting 6.6% interest on 1-year time deposit, which was earlier 5.5%. 6.8% interest is being received on two-year time deposits, which was earlier 5.7%. You will get 6.9% interest on three-year time deposit, which was earlier 5.8%. Interest is being received at the rate of 7% on 5-year time deposit, which was earlier 6.7%.

    Senior Citizen Savings Scheme

    Monthly Income Scheme (MIS) interest rate has been increased from 6.7% to 7.1%. This is such a scheme, in which there is guaranteed income every month on lumpsum deposit. In this, the money remains completely safe and it is not affected by the ups and downs of the market. Investment has to be made only once in MIS account. Its maturity is of 5 years.

    National Savings Certificate

    The interest rate on National Savings Certificate (NSC) has been increased from 6.8% to 7.0%. NSC can be bought for a minimum of Rs 1000 and no limit has been fixed for the maximum investment. That is, you can invest any maximum amount in it. In this, you do not have to deposit money for a very long time. This scheme matures in just 5 years. Interest is compounded on an annual basis and guaranteed returns are available.

    Kisan Vikas Patra

    The interest rate on Kisan Vikas Patra (KVP) has been increased from 7.0% to 7.2% with effect from January 1. You can start investing in Kisan Vikas Patra with just Rs.1000. After this, investment can be made in multiples of Rs.100. There is no maximum limit for investment in this. Account Single and 3 adults together can open joint account. Nominee facility is also available in this. Premature closure of KVP account can be done after 2 years 6 months from the date of deposit.

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    #Post #Office #Schemes #Interest #Rate #Hiked #Post #Office #Increase

    ( With inputs from : kashmirpublication.in )