Airlines in India wage price war on major domestic routes

Article Abstract:

The domestic airlines of India are hurting as they wage a price war against each other. Sahara Airlines initiated the war with price cutbacks that ranged from 10% to 20% on some major routes in Mar 1999. Other major competitors such as Indian Airlines and Jet Airways followed this example when they cut down prices and launched incentives in Jun 1999. Government-owned Air India soon followed by offering bargain prices. Despite its welcome treat to travelers, the price war is not sustainable and is expected to bleed financially weak airlines.

India, Scheduled Passenger Air Transportation, Domestic Scheduled Air Service, Services, Prices and rates, Airlines, Domestic airlines, Air fares, JetAir, Indian Airlines Ltd., Sahara Airlines

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Stimulus package unveiled; bank interest will be taxed to prompt spending

Article Abstract:

The Chinese government has introduced economic packages intended to revive its sluggish economy. The stimulus packages basically involves infrastructure spending and encouraging consumers to spend more by increasing taxes on bank accounts. The package also includes a bond issue worth 60 billion yuan which is expected to have a stimulus effect of 300 billion yuan through expansion of bank lending. The tax on bank accounts will adversely affect depositors and the entire package will increase the national debt.

China, Evaluation, Taxation, Laws, regulations and rules, Economic policy, Consumption (Economics), Interest, Interest (Finance)

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