BJP had planned to go ahead with govt swearing-in without Shinde if he remained stubborn: Raut
Mumbai (PTI): Shiv Sena (UBT) leader Sanjay Raut on Friday claimed that Eknath Shinde had to take oath as Maharashtra Deputy Chief Minister because the BJP's top brass planned to go ahead with the new government's swearing-in if he continued being "stubborn".
Talking to reporters in New Delhi, Raut said the state government did not have a full cabinet so far despite the Mahayuti getting a thumping majority indicates that not everything is well within the alliance.
He said it took as many as 15 days for the BJP to form the government in Maharashtra despite having a massive mandate.
"Eknath Shinde had to take oath as deputy chief minister. BJP had planned to go ahead with the swearing-in ceremony without Eknath Shinde. Had he maintained the stubborn attitude to pressure the BJP, its brass had informed (the state leadership) to go ahead without him," Raut claimed.
BJP leader Devendra Fadnavis was sworn in as chief minister of the state for the third time in a grand ceremony held at Azad Maidan in Mumbai on Thursday evening. Former chief minister Ekanth Shinde and Ajit Pawar took oath as deputy chief ministers. The event was attended by Prime Minister Narendra Modi, Union ministers and chief ministers of NDA-ruled states.
Shinde was earlier unwilling to serve as the deputy CM, but joined after insistence from the BJP and his party MLAs. He had maintained silence whether he would be part of the new government or not. It was only a few hours before the swearing-in ceremony that a Shiv Sena MLA confirmed that Shinde would take oath as the deputy CM.
Raut accused the BJP of indulging in "politics of vengeance" in the state by using central agencies.
In a veiled attack on Shinde, the Sena (UBT) MP also said that some faces were not happy during the swearing-in ceremony. "The same faces were glum when Uddhav Thackeray took oath as chief minister in 2019," he said.
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Air India resorts to cost-cutting ways amid 'tough times'; layoffs not anticipated
New Delhi/Mumbai (PTI): Hit hard by Pakistan airspace closure and Iran war, Air India has resorted to cost-cutting measures, including holding back annual increments for staff and asking them to cut discretionary spending as well as non-critical expenditures, warning of "tough times".
On Friday, Air India Chief Executive Officer & Managing Director (CEO & MD) Campbell Wilson told the staff it is going to be a "very, very difficult year" if things don't improve on the Middle East front.
A day after the loss-making airline's board discussed various cost-saving steps, Wilson, along with Chief Financial Officer (CFO) Sanjay Sharma and Chief Human Resources Officer (CHRO) Ravindra Kumar GP, addressed the employees during a townhall on Friday where the emphasis on the need to keep a close watch on costs.
With higher jet fuel prices due to the West Asia conflict and airspace curbs, the loss-making airline's expenses have spiralled in recent times and against this backdrop, Sharma also told staffers that FY26 has seen a softening in revenue amid heightened external uncertainties.
Calling for a relentless focus on costs in these tough times, Wilson urged employees to suspend discretionary spending, renegotiate rates where feasible, and defer non-critical expenditures.
"There must be a laser-sharp focus on eliminating wastage and leakages," he said.
Stressing the need to tighten the belt for a while, Wilson sounded optimistic that travel demand would rebound and the industry would continue on its upward path.
CHRO Ravindra Kumar told staff that the airline will proceed with variable pay for the last financial year and continue with planned promotions while noting that annual increments will be deferred by at least one quarter.
"We don't anticipate layoffs," he said.
At the airline's board meeting on Thursday, various cost-saving steps, including likely furloughs, were discussed. The Tata Group-owned airline has around 24,000 employees.
Generally, furlough refers to sending staff on unpaid leaves by companies during a tough financial situation.
During the townhall, CFO Sanjay Sharma said while strong revenue growth and fleet expansion drove financial momentum through FY25, FY26 has seen a softening in revenue amid heightened external uncertainties.
Air India has seen around 40 per cent CAGR (Compounded Annual Growth Rate) in revenue between 2022 and 2025, he added.
The airline was acquired by the Tata Group from the government in January 2022.
The Air India CEO mentioned the external challenges being facing the aviation industry as a whole, including the continued closure of Pakistan airspace that is expected to persist for the foreseeable future and geopolitical conflicts leading to disruptions and airspace closures across West Asia.
Wilson, who is set to step down later this year, also flagged a sharp depreciation of the rupee and a 2.5-3 times increase in jet fuel prices, and added that these factors have adversely affected travel sentiment and consumer confidence, as per the sources.
If the Strait of Hormuz opens, oil prices fall and consumer as well as business confidence come back, there is a decent chance of a solid recovery, Wilson said, adding that unless those circumstances happen, it was going to be "a very, very difficult year".
"I feel somewhat responsible that we ended up with probably the biggest surprise of the year in the external environment which was a full-scale war in our neighbouring region in the Gulf. That has had a huge impact on airspace," he said.
For Air India, Wilson said the situation is compounded by the fact that the airline cannot fly over the neighbouring country and has to take a much longer routing for any west-bound destination.
"Every airline is reporting that they are under some sort of financial pressure as a result of higher fuel prices and economic uncertainty. So, it is unfortunately not a great environment to be running an airline," the Air India CEO said.
The Air India Group -- Air India and Air India Express -- is projected to have incurred more than Rs 22,000 crore loss in the financial year ended March 2026.
At the townhall, Wilson also highlighted various initiatives, including completion of the retrofit of its legacy narrow-body aircraft and rapid network optimisation to redeploy capacity more efficiently.
