English हिन्दी
Connect with us

India News

Union Cabinet approves Rs.10,000 crore jet fuel price stabilisation fund to support airlines

The Centre has approved a Rs. 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund to support airlines and oil companies facing pressure from rising global fuel prices.

Published

on

The Union Cabinet on Wednesday approved a one-time budgetary support of up to Rs. 10,000 crore to help stabilise Aviation Turbine Fuel (ATF) prices for scheduled Indian airlines, offering relief to a sector grappling with elevated fuel costs amid global geopolitical tensions.

The government said the financial support will be provided to oil marketing companies (OMCs) to offset under-recoveries arising from supplying aviation fuel at moderated rates. The move is aimed at reducing the impact of sharp fuel price fluctuations on airlines and ensuring continuity of air services.

Why the government approved the fund

The decision comes as aviation fuel prices remain under pressure due to the ongoing crisis in West Asia, which has pushed up global energy costs. Fuel is one of the largest operating expenses for airlines and can account for up to 40% of total operating costs.

According to the government, the fund is intended to help maintain stable aviation operations and protect domestic and international air connectivity from disruptions caused by fuel price volatility.

How the fund is expected to help airlines and passengers

By cushioning the impact of rising fuel prices, the stabilisation mechanism is expected to ease financial pressure on airlines and limit the extent of fare increases that could otherwise be passed on to passengers. The support will be routed through OMCs, which have been bearing the burden of moderated fuel pricing.

Reports indicate that the fund has been designed as a stabilisation mechanism that can help the aviation sector manage periods of extreme fuel price volatility triggered by international crises.

Part of broader Cabinet decisions

The ATF Price Stabilisation Fund was among several key decisions approved by the Cabinet on Wednesday as part of a wider package covering aviation, transport and infrastructure initiatives.

The government said the measure is aimed at safeguarding the aviation ecosystem and ensuring that air services remain sustainable despite global market uncertainties.

India News

Vijay promises gold rings for newborns in Tamil Nadu under TVK welfare plan

The Tamil Nadu government has introduced the ‘Thai Maman Gold Ring Scheme,’ allocating Rs 755.83 crore annually to gift a one-gram gold ring to every child born in state-run hospitals.

Published

on

Actor vijay

In a unique welfare initiative, Tamil Nadu Chief Minister Vijay is set to launch the ‘Thai Maman Gold Ring Scheme’ across the state. Under this program, every child born in government hospitals will be gifted a one-gram gold ring. To fund the project, the state government has designated an annual allocation of Rs 755.83 crore.

The Chief Minister has already instructed state officials to immediately begin the tender process required to roll out the initiative.

Eligibility and official launch timeline

Children born in government hospitals on or after June 22, 2026—coinciding with the Chief Minister’s birthday—will be eligible to receive the benefit. While the eligibility begins in June, the scheme will see its formal, official launch later in the year on September 15, 2026, marking the birth anniversary of Perarignar Anna.

Cultural roots and inspiration

According to an official government release, the welfare scheme draws direct inspiration from “Thai Maman Seer,” a deeply rooted Tamil cultural tradition where a maternal uncle presents blessings and gifts to a newborn baby. Through this initiative, the state government will symbolically assume the responsibilities of a maternal uncle, presenting the one-gram gold ring as a token of care, affection, and welcome.

The administration noted that the initiative is designed to preserve and reflect Tamil cultural heritage while offering a symbol of support and love to newborns and their respective families.

From election promise to institutional welfare

The ‘Thai Maman Gold Ring Scheme’ originally formed a key component of the Tamilaga Vettri Kazhagam’s election promises and was highlighted in the government’s ‘Vetri Thamizhagam Vision Document’.

While political organizations in the region have historically distributed gold rings to infants born in government facilities on their leaders’ birthdays, this initiative represents the first time the practice has been institutionalized as an official state government welfare scheme.

Continue Reading

India News

FIR filed against Bihar police officers in Bharat Tiwari encounter case

Bihar police officers, including a former SDPO and SHO, have been named in an FIR related to the Bharat Bhushan Tiwari encounter in Bhojpur district.

Published

on

An FIR has been registered against several police personnel in Bihar’s Bhojpur district in connection with the encounter killing of Bharat Bhushan Tiwari, officials said on Tuesday.

According to officials, the case was lodged at Shahpur police station on Monday following a written complaint submitted by Tiwari’s mother. The FIR names the then Jagdishpur Sub-Divisional Police Officer (SDPO), the then Shahpur Station House Officer (SHO), along with other police personnel linked to the incident.

Bharat Bhushan Tiwari, a resident of Bilauti village under Shahpur police station limits, was killed during a police encounter on June 17. The incident sparked a major political controversy, with opposition leaders and activists questioning the circumstances surrounding the police action.

Judicial inquiry already ordered

Amid growing public outrage and demands for accountability, the Bihar government had earlier ordered a judicial inquiry into the encounter. Several police personnel have also reportedly faced administrative action as scrutiny over the incident intensified.

Meanwhile, Tiwari’s family met Jan Suraaj founder Prashant Kishor in Patna and sought support in their fight for justice. The family also invited him to attend a panchayat meeting scheduled for June 24 regarding the incident. According to a statement issued by the party, Kishor assured the family of all possible assistance.

Continue Reading

India News

Petrol bomb hurled at BJP leader’s clinic in Bathinda ahead of CM Mann’s visit

A petrol bomb was thrown at BJP leader Dr Tarsem Garg’s clinic in Bathinda, sparking panic and prompting a police investigation ahead of CM Bhagwant Mann’s visit.

Published

on

A petrol bomb was allegedly thrown at the clinic of BJP leader Dr Tarsem Garg in Punjab’s Bathinda, triggering panic in the area and prompting a police investigation. The incident occurred late on Monday night, just ahead of Punjab Chief Minister Bhagwant Mann’s scheduled visit to the city.

According to preliminary information, two masked individuals were involved in the attack. CCTV footage reportedly showed one suspect lighting a bottle filled with petrol while another recorded the incident. The burning bottle was then thrown inside the clinic premises before the accused fled the spot.

The sudden explosion-like sound created panic among nearby residents, who rushed to the clinic after the attack. No injuries were reported, although some property, including a parked scooty and plants in the courtyard, was damaged. Burn marks were also found at the site.

Dr Tarsem Garg said he had not received any threats and was unaware of any personal enmity that could have led to the incident. Police teams reached the spot soon after receiving information and began collecting evidence. Senior officers inspected the scene and are analysing CCTV footage to identify the attackers.

SP City Narinder Singh confirmed that two unidentified individuals were involved in the attack and said multiple teams have been deployed to trace the accused. The incident has raised security concerns, particularly because of the chief minister’s visit to Bathinda.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com