Chairman of Mitra Academy Iqbal Ahmed receives Lifetime Achievement Award by Education Today
Bengaluru: In recognition of his outstanding contributions to the field of education, Iqbal Ahmed, Chairperson of Little Flower Public School and Chairman of Mitra Academy in Bengaluru, was bestowed with the prestigious Lifetime Achievement Award - 2023 by Education Today Magazine.
The ceremony, held at the Taj Hotel Kempegowda International Airport Rd, Bengaluru, on December 11, 2023, celebrated Ahmed's commitment to educational excellence.
“The accolade is a testament to Mr. Ahmed's deep-rooted passion for education, driven by a sense of social responsibility. His leadership has not only elevated academic standards within the schools but has also prioritized holistic development, shaping students into well-rounded individuals with both knowledge and character. His dedication to excellence serves as an inspiration to educators and learners alike,” a press release stated.
The Lifetime Achievement Award recognizes Iqbal Ahmed's impact on the educational landscape, acknowledging his role in providing exceptional education at an accessible cost.
Expressing gratitude upon receiving the award, Iqbal Ahmed attributed the honour to the collective efforts of the school's faculty, staff, students, and parents.
In addition to Iqbal Ahmed's Lifetime Achievement Award, the ceremony also celebrated Tanveer Ahmed, CEO of Mitra Academy and Little Flower Public School, and his wife, Nafeesa Ahmed, Director of Presidency Group of Institutions Bengaluru/Mangaluru, who were honoured with the Power Couple Award for 2023 by Education Today Magazine.
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AI, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'
Mumbai (PTI): Air India, IndiGo and SpiceJet have told the government that the country's airline industry is under extreme stress and on the verge of "stopping operations", as they sought revision in ATF pricing and financial support.
The West Asia turmoil has pushed up oil prices, and airspace restrictions have increased airlines' operating costs, especially on long-haul routes. Aviation Turbine Fuel (ATF) accounts for around 40 per cent of a carrier's operational expenses.
Against this backdrop, the Federation of Indian Airlines (FIA) has written to the civil aviation ministry, seeking steps to extend the same fuel pricing mechanism uniformly across both domestic and international operations as was done in the past with the establishment of the crack band.
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With an unprecedented rise in jet fuel prices and exorbitant crack/differential between crude and ATF, the federation said the operation of airlines is being challenged in totality.
"... any ad hoc pricing (domestic vs international) and/or irrational increase in the price of ATF will result in unsurmountable losses for airlines and will lead to grounding of aircraft, resulting in cancellation of flights," the federation, which represents Air India, IndiGo and SpiceJet, said.
"In order to survive, sustain and continue operation, we request your urgent intervention for immediate and meaningful financial support to tide over the current situation," it said in a letter on April 26.
Also, the airlines have sought temporary deferment of excise duty on ATF, which is at 11 per cent.
"With the abnormal increase in ATF prices from the pre-crisis period, adding rupee depreciation to the increased prices, the 11 per cent excise duty also increases manifold for the airlines and adds to the ATF price as a big impact on airlines," they said.
Last month, the government limited the hike in ATF price to Rs 15 per litre for domestic operations, but for international operations, the price rose by Rs 73 per litre.
The airlines said the situation has practically made international operations, along with domestic operations, completely unviable and resulted in significant losses for the aviation sector in April.
Seeking urgent intervention on the current ATF ad hoc pricing, FIA said the current situation is creating a severe imbalance in domestic and international operations and rendering airline networks unviable and unsustainable.
"The airline industry in India is under extreme stress and is on the verge of closing down or of stopping its operations."
The federation has pitched for a transparent pricing framework under the crack band mechanism (USD 12–22/BBL) that was implemented in October 2022, saying there was a fair and reasonable margin for Oil Marketing Companies (OMCs).
According to FIA, the country's largest aviation hub Delhi has the second-highest value-added tax (VAT) of 25 per cent on jet fuel, while the highest rate is 29 per cent levied in Tamil Nadu.
"The other major aviation cities, viz. Mumbai, Bangalore, Hyderabad, and Kolkata range between 16 per cent and 20 per cent. These 6 cities cover more than 50 per cent of airlines' operations within India," the federation said.
