Indian Airlines has once again been pushed to the brink with 14 senior
pilots, including three commanders, planning to quit the airline in the
next two days. The development may force the airline to ground a part of
its fleet seriously jeopardising its operations. All the pilots have
been reportedly offered jobs by Jet Airways at salaries which, according
to one pilot, was five times more than their present pay at Indian
Airlines. Six pilots are learnt to have tendered their resignations so
far. The Minister for Civil Aviation, Mr. Gulam Nabi Azad, has been
informed about the likely exit of 14 pilots. The Minister is learnt to
have taken a serious view of the situation. The Director General of
Civil Aviation (DGCA) has issued a warning to Jet Air that it should not
recruit pilots who have not obtained no-objection certificate from
their previous employers.
Stung by the RBI’s recent letter of July 30 wherein the bank had taken a serious note of its shortfall in statutory investment in the Government-approved securities, the Peerless General Finance and Investment Co. has given a categorical assurance to the RBI authorities here that it has already started negotiations with Union Bank of India for designated banker status.
Read news in full 29/08/14 Business Line
Stung by the RBI’s recent letter of July 30 wherein the bank had taken a serious note of its shortfall in statutory investment in the Government-approved securities, the Peerless General Finance and Investment Co. has given a categorical assurance to the RBI authorities here that it has already started negotiations with Union Bank of India for designated banker status.
Read news in full 29/08/14 Business Line
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