logo
Homecoming hurdle: Flight fares skyrocket, all seats booked till Fri

Homecoming hurdle: Flight fares skyrocket, all seats booked till Fri

Time of India23-04-2025

Kolkata: No seat was available on any direct flight between Srinagar and Kolkata until Friday, as panic-stricken tourists were anxious to rush home after the terror attack in Pahalgam. As a double whammy, flight fares skyrocketed, forcing tourists to try to book a journey home via Delhi.
Those who tried to book flights from Srinagar to Kolkata on Tuesday evening or Wednesday morning were in for a shock, with fares hovering between Rs 34,000 and Rs 81,000, instead of Rs 12,000-Rs 15,000 before the attack. Th-ose who could afford it, grabbed the few available seats.
"Air fares to Kolkata and other major Indian cities have gone through the roof since the terror attack on Tuesday. We have been calling for a maximum retail price on flight tickets to ensure dynamic pricing does not cause distress in times of calamity, be it natural disasters or man-made ones. While fares will go up when demand increases, there must be a cap," said Indian Association of Tour Operators chairman Debjit Dutta.
IndiGo and Air India Express operate one daily direct flight each between Srinagar and Kolkata, all of which were booked until Friday. "The only way to return from Srinagar is by flight but prices are extremely high. Flights from Srinagar to Kolkata cost over Rs 36,000. How can airlines exploit such situations? Shouldn't they keep fares normal to help those who are stranded?" wrote techie Sudip Das from Kolkata, now stuck in Kashmir.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
Undo
Though Union civil aviation minister Ram Mohan Naidu advised airlines to increase flights in response to heightened demand and ensure uninterrupted connectivity from Srinagar to various destinations across India, there was no addition to the two direct flights between Srinagar and Kolkata until Wednesday evening. Two additional flights were deployed to fly out stranded tourists to Delhi and Mumbai.
Airlines, however, paid heed to the minister's request to waive cancellation and rescheduling fees for tourists whose trips to Kashmir were getting cancelled. Air India and other airlines announced the waiver. "We have extended waivers for rescheduling or cancellations for travel until April 30, applicable to bookings made on or before April 22," Indigo announced on X. Air India Express said: "We are waiving all change and cancellation fees for our flights to and from Srinagar until 30 April 2025."
In case of Kolkata-to-Srinagar flights, the lack of demand saw prices crash from Rs 18,000-Rs 22,000 to Rs 10,000-Rs 13,000 on Thursday. The fares are low until May 9, after which they begin to steadily increase to Rs 16,000-Rs 20,000. "If the situation does not get resolved by then and things remain volatile, fares will again drop," said an airline official.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India's agri sector transformed by five-fold budget surge over 11 years: Govt
India's agri sector transformed by five-fold budget surge over 11 years: Govt

Time of India

time33 minutes ago

  • Time of India

India's agri sector transformed by five-fold budget surge over 11 years: Govt

India's agricultural sector has undergone a "profound transformation" over the past 11 years through various government schemes and increased budgetary allocations, empowering farmers to lead the nation from food security to global food leadership , the government said on Saturday. The transformation has focused on inclusivity by supporting small farmers, women-led groups and allied sectors while positioning India as a global agricultural leader, according to an official statement. "Over the past eleven years, under Prime Minister Narendra Modi's leadership, India's agricultural sector has undergone a profound transformation, rooted in the philosophy of Beej Se Bazaar Tak (seed to market)," the government said. Budget estimates for the Department of Agriculture and Farmers' Welfare have risen from Rs 27,663 crore in 2013-14 to Rs 1,37,664.35 crore in 2024-25, an increase of nearly five times, it added. Also Read: Onion prices rise 20% in past two weeks as rains damage crop Live Events India's foodgrain production grew from 265.05 million tonnes in 2014-15 to an estimated 347.44 million tonnes in 2024-25, showing strong growth in agricultural output. The government has also increased minimum support prices (MSP) significantly. MSP for wheat rose from Rs 1,400 per quintal in 2013-14 to Rs 2,425 per quintal in 2024-25, while paddy prices increased from Rs 1,310 per quintal in 2013-14 to Rs 2,369 per quintal in 2025-26. Under the PM-KISAN scheme launched in February 2019, the government has disbursed Rs 3.7 lakh crore to more than 110 million farmers. The Kisan Credit Card scheme has provided about Rs 10 lakh crore in credit to 7.71 crore farmers. Procurement data shows improvement across crops. Kharif crop procurement totalled 787.1 million tonnes between FY15 and FY25 compared to 467.9 million tonnes in the previous decade from 2004-05 to 2013-14. Pulses procurement at MSP increased significantly from 1,52,000 tonnes during 2009-2014 to 8.3 million tonnes during 2020-2025, while oilseeds procurement at MSP increased multifold over the past 11 years. The government's approach has focused on modern irrigation, credit access, digital marketplaces and agri-tech innovations while reviving traditional practices like millet cultivation and natural farming. Allied sectors, including dairy and fisheries, are also expanding. "As India enters Amrit Kaal, its empowered farmers stand ready to lead the nation from food security to global food leadership," the statement said.

What more to expect from Paraguayan President's visit
What more to expect from Paraguayan President's visit

Hindustan Times

time33 minutes ago

  • Hindustan Times

What more to expect from Paraguayan President's visit

A lot can happen over a maiden visit of a State leader. Paraguayan President Santiago Peña's three day long maiden visit to India from June 2- 4 presents a momentum in turning point in the ties of New Delhi and Asuncion, the capital of the landlocked, riverine nation. An economist by degree and occupation, President Peña brings a data-driven perspective to governance, viewing society through analytical metrics not just by his political ideology and preconceived principles, drawing from office. Prior to assuming the presidency, President Pena was the finance minister and once led the Central Bank of Paraguay. President Peña's maiden visit after a brief gap of any leader's visit to India occurs at an time when China has almost no naysayers in Latin America. Paraguay is the only country in South America that maintains diplomatic relations with Taiwan. Strategically, India and Paraguay share a common outlook on supporting Taiwan's autonomy. In December, Paraguay expelled Chinese envoy Xu Wei for alleged interference in its internal affairs. During his visit to New Delhi, President Peña held comprehensive talks with Prime Minister Narendra Modi on a wide range of issues. He emphasized that Paraguay produces enough food to feed ten times its own population. The nation possesses an intimate knowledge of the soil, yet remains bereft of technological acumen. Agritech and high-tech collaboration are essential between two aspiring nations. India is a perfect match in advancing its ambition for global food security through such partnerships. Interestingly, Paraguay also produces stevia, a natural sweetener permitted in India; however, Indian importers currently rely mostly on China and the US. There is clear scope for Indian players to tap into Paraguay as a new and reliable source. Paraguay's export portfolio is traditionally reserved to the periphery, with most of its trade directed to China, Brazil, and Argentina. However, it is now actively seeking to diversify its partners. As a landlocked nation with no coastline to secure, Paraguay benefits from a relatively low defence burden. It borders Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest—all trade partners, not threats. Given its strategic central location in South America, Paraguay could serve as a valuable regional hub for India to access broader Latin American markets. Both countries are eager to strengthen and expand their existing trade links under the India-MERCOSUR Preferential Trade Agreement. However, consensus among all five MERCOSUR member states is required to expand any talks between India and MERCOSUR. Paraguay's trade with China is about $5 billion plus whereas with India time to time differs from $130 million to $470 million. India wouldn't be in a position to reach anything near that China's export but it should rapidly increase the trade volume. India's advances in IT, digitalisation, innovation, and platforms like UPI and UIDAI have drawn interest from many South American countries, including Paraguay. Paraguay has historically maintained modest defence expenditures, but recent years have seen a shift in strategy. As India begins producing AK-203 assault rifles in Uttar Pradesh in collaboration with Russia, there is growing interest in expanding defence cooperation. Paraguay may consider imports of defence and surveillance items for traditional as well as cyber threats, including Indian-manufactured small arms and police equipment. Paraguay has overcome its traumatic past marked by two wars - the War of the Triple Alliance (1864–1870) against Brazil, Argentina, and Uruguay, which resulted in the loss of a large part of its territory and left the nation devastated for decades. And the other, Chaco War against Bolivia (1932–1935). Despite being landlocked, Paraguay is crisscrossed by large rivers and generates nearly all its electricity from hydroelectric sources. The Itaipu Dam, a joint operation with Brazil, supplies about 90% of Paraguay's electricity. India's capabilities in riverine and flood data management, as well as weather prediction, could be of immense value to Paraguay's hydro-focused energy sector. Given Paraguay's extensive river systems, there may also be opportunities for India and Paraguay to exchange knowledge or develop initiatives related to riverine connectivity - benefiting from each other's experience as major riverine nations. A member of the Lima Group, Paraguay is a vocal supporter of reforming the United Nations Security Council and other multilateral institutions, including global financial systems. India, with its rich civilizational heritage and growing global influence, is well-positioned to build a deep and enduring relationship with Paraguay—one that spans not just trade, but also for a defiant advocate of multipolarity. For an economist or a social scientist, society is the largest laboratory. During his visit, President Peña has already engaged with numerous leaders and heads of institutions. He showed particular interest in the Vande Bharat trains and connectivity projects, signalling plans to explore and possibly collaborate in these areas. Paraguay, a nation of around seven million people is a vast agrarian country, with approximately 40% of its territory covered in forest. It also possesses rich mineral resources, including critical minerals such as uranium and lithium which are in demand in India. Paraguay has had its share of challenges despite being a high performer in the agriculture sector. India should come forward identifying and helping to eradicate them. With its brigade of travel influencers, India must promote the nation's civilisation-based tourism and Spanish speaking youtubers bring more visitors to India. Paraguay is dire need of applied technology especially IT. Business ties between India and Paraguay could expand beyond meat and soybean exports. Major Indian automobile companies are already present in Paraguay, but there is scope for exporting superior tech-driven mobility equipment such as two-wheelers, lifts, elevators, and goods transporters. This article is authored by Ayanangsha Maitra, journalist, Center of Geoeconomics for the Global South, UAE.

FPIs pull Rs 8,749 crore from stock market in June's first week; sharp reversal after RBI rate cut; NSDL data shows
FPIs pull Rs 8,749 crore from stock market in June's first week; sharp reversal after RBI rate cut; NSDL data shows

Time of India

time33 minutes ago

  • Time of India

FPIs pull Rs 8,749 crore from stock market in June's first week; sharp reversal after RBI rate cut; NSDL data shows

NEW DELHI: Foreign Portfolio Investors (FPIs) displayed negative investment patterns in the stock market during the initial week of June. FPIs withdrew a total of Rs 8,749 crore from equities between June 2 and June 6, according to NSDL data. Tired of too many ads? go ad free now This shows that FPIs remained net sellers in the stock market for most of the week. The outflow occurred during a period of global uncertainty and investor caution. A sharp shift was seen on Friday after the Reserve Bank of India's Monetary Policy Committee unexpectedly cut the repo rate by 50 basis points. The repo rate decreased to 5.5%, strengthening investor confidence. Financial analysts suggest that this substantial rate reduction will enhance India's economic performance and strengthen demand conditions. "June first week saw a roller coaster in terms of FPI flows. The trend is positive as a weak US dollar is inversely correlated to EM flows," Banking and Market expert Ajay Bagga told ANI. "With Indian macro showing strength and expectations of the 100 bps rate cuts providing a further boost to economic momentum and aggregate demand, FPIs will rank India as a top investment destination. Valuations are quoted as a constraint but we see the growth potential overriding these concerns eventually," Bagga added. Despite concerns about elevated stock market valuations, analysts indicate that India's robust growth outlook could help address this issue. May recorded positive net foreign portfolio investment (FPI) inflows of Rs 19,860 crore, establishing it as the strongest month for foreign investment so far this year. In contrast, FPIs had sold equities worth Rs 3,973 crore in March, while January and February saw even higher outflows of Rs 78,027 crore and Rs 34,574 crore, respectively.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store