Jobs creat by small firms, not tycoons, says Rahul
Davangere: Blaming the note ban and a flawed GST for the country's economic slowdown, Congress President Rahul Gandhi on Wednesday said jobs were created by small and medium companies and not by the country's top industrial tycoons.
"The Congress believes that jobs are created by small and medium companies and not by top 15-20 firms run by tycoons, who have direct access to the country's Finance Minister and Prime Minister," he said at an interaction with traders and small businessmen in Karnataka's textile town here.
Gandhi is on a two-day visit to the southern state for participating in the fifth leg of the party's 'Jan Ashirvada Yatra' to seek the people's blessings for victory in the May 12 Karnataka assembly election.
Claiming that Prime Minister Narendra Modi had a very simplistic vision of the world, he said the former thought small traders were bad while income tax officials good.
Accusing the BJP-led NDA government of using the Goods and Services Tax (GST) scheme as an instrument of oppression than of freedom, Gandhi said the new indirect tax regime was envisioned to have one slab, exempting goods and services used by the poor from it.
"But the GST we have is completely different from what was envisioned."
Regretting that the Modi government viewed the informal sector as an evil, he said the country should utilise its strength, as the bulk of business in India was informal.
"Digital economy can harm or help the country, depending on how policies to utilise it are framed," he told the traders at the meeting.
Noting that the people's voices were not being heard by the present-day political system, Gandhi said top companies, however, had open access to it to change or tweak the law to suit their interests.
"When the Congress returns to power after the 2019 Lok Sabha elections, I assure you that the people will have access to the system again, because we believe policies should be made in consultation with the people and not with an individual," he reiterated.
Recollecting that former Reserve Bank of India (RBI) Governor Raghuram Rajan had advised Modi not to demonetise higher currency notes, Gandhi said the Finance Minister, Chief Economic Adviser and the Union Cabinet were unaware of the sudden move to ban the old Rs 500 and Rs 1,000 notes.
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Air India, Air India Express to levy fuel surcharge on tickets; airfares to rise
New Delhi (PTI): Airfares are set to rise with Air India and Air India Express deciding to levy a fuel surcharge of Rs 399 on each domestic flight ticket from March 12 and also hike the charge for international bookings due to a steep rise in jet fuel prices amid the Middle East conflict.
The new fuel surcharges will be implemented in a phased manner.
Regretting the need for fuel surcharges, Air India on Tuesday said that without such surcharges, "it is likely that some flights would be unable to cover operating costs and would have to be cancelled".
In the first phase, a fuel surcharge of Rs 399 per domestic flight ticket would be imposed from March 12, and the same will also be applicable for SAARC flights, a statement said on Tuesday.
For West Asia flights, the fuel surcharge will be USD 10 and hiked by USD 30 to USD 90 for Africa flights and by USD 20 to USD 60 for Southeast Asia services.
All these changes will be effective from March 12, including for flights to and from Singapore. Currently, there is no fuel surcharge for Singapore services.
In the second phase, Air India will increase the fuel surcharge by USD 25 to USD 50 for flights to Europe, North America and Australia starting from March 18.
Fuel surcharge for Europe flights will rise to USD 125 from USD 100, and for North America flights, the same will increase from USD 150 to USD 200.
As per the statement, the fuel surcharge for Australia flights will increase from USD 150 to USD 200.
Currently, Air India Express does not levy fuel surcharges on any of its flights.
"Air India group today announced a phased expansion of a fuel surcharge on its domestic and international routes, necessitated by the steep rise in jet fuel prices arising from the geopolitical situation in the Gulf region," the statement said.
Since early March 2026, the statement that Aviation Turbine Fuel (ATF), which accounts for nearly 40 per cent of an airline's operating costs, has seen significant price escalation due to supply interruptions.
"In India, this pressure is amplified by high Excise Duty and VAT on ATF in major metro cities such as Delhi and Mumbai, magnifying the cost impact and placing substantial strain on airline operating economics," it said.
For the avoidance of doubt, the statement said that tickets that have already been issued prior to the above times will not attract the new surcharge unless customers seek date or itinerary changes that require a recalculation of the fare.
There was no announcement regarding fuel surcharges from IndiGo, SpiceJet and Akasa Air.
