Go First extends suspension of flight operations till May 26
New Delhi, May 17: Crisis-hit Go First on Wednesday extended the suspension of flight operations till May 26, citing operational reasons and expressed hope that it will be able to resume bookings shortly.
Go First, which is undergoing insolvency resolution proceedings, stopped flying from May 3. Further, aviation regulator DGCA had directed the cash-strapped airline to stop bookings till further orders.
In an update on its website, the budget carrier, said that due to operational reasons, "flights until 26th May 2023 are cancelled".
"A full refund will be issued to the original mode of payment shortly... as you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly," it added.
The National Company Law Tribunal (NCLT) admitted the airline's voluntary plea insolvency resolution proceedings on May 10. Abhilash Lal has been appointed as the Interim Resolution Professional (IRP) to manage the affairs of the carrier.
Some lessors have also moved the National Company Law Appellate Tribunal (NCLAT) against the NCLT's decision.
Meanwhile, a claim management portal 'gofirstclaims.in/claims' has been launched for the Corporate Insolvency Resolution Process (CIRP) of Go First.
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Centre further tightens wheat stock limit for wholesalers, retailers & processors
New Delhi: The government on Wednesday further tightened wheat stock holding norms for wholesalers, small and big chain retailers, and processors to curb hoarding and check price rise.
"As part of continuous efforts to moderate prices of wheat, the central government has decided to revise the wheat stock limit applicable until 31st March 2025," the food ministry said in a statement.
According to the revised norms, wholesalers are now allowed to maintain wheat stock up to 1,000 tonne instead of 2,000 tonne, retailer can hold 5 tonne for each outlet instead of 10 tonne, while big chain retailer can hold 5 tonne for each outlet instead of 10 tonne earlier.
Processors will be allowed to maintain 50 per cent instead of 60 per cent of their monthly installed capacity multiplied by the remaining months till April 2025.
The stock limits on wheat were first imposed on June 24 and later revised to tighten the norms on September 9 in order to manage the overall food security and to prevent hoarding and unscrupulous speculation.
The ministry said all wheat stocking entities are required to register on the wheat stock limit portal (https://evegoils.Nic.In/wsp/login) and update the stock position every Friday.
If the stocks held by entities are higher than the prescribed limit, they should bring the quantity to the prescribed stock limits within 15 days of the issue of the notification.
Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under the Essential Commodities Act,1955.
The food ministry is maintaining close watch over the stock position of wheat to control prices and ensure easy availability in the country.
