Sudan civil war: Deepening humanitarian crisis

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Displaced Sudanese who fled El-Fasher after the city fell to the Rapid Support Forces (RSF) rest in the camp located on the southwestern edge of Tawila Sudan’s economy has contracted sharply since the civil war broke out between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) on April 15, 2023. Its GDP, … Read more

Could IndiGo have hired more pilots to prevent the crisis?

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IndiGo has contracted its daily operations from 2,300 to approximately 1,800–1,900 flights | Photo Credit: Salman Ali Starting this month, IndiGo’s operations unravelled as thousands of flights were cancelled. The primary trigger was the airline’s failure to prepare for the new pilot rest and duty norms (Phase II), which came into full effect on November … Read more

The evolution of pension reforms in India

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While a small section of older Indians has benefited from the rise of formal sector retirement, more than 88% of today’s senior citizens continue to work. | Photo Credit: Jasmine Nongrum India’s rapidly ageing population is emerging as a pivotal pension challenge. Today, over 153 million Indians are aged over 60. This is projected to … Read more

IndiGo cancellations, India-Russia agreements and more: The week in 5 charts

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(1) IndiGo cancels over 1,000 flights, disrupting air travel Over the last week, India’s largest airline IndiGo cancelled over a thousand flights from various Indian cities in the wake of modified norms for pilot rest and duty time. The cancellations follow an earlier round of cancellations triggered due to a required software fix to Airbus … Read more

Rupee hits record low of 90: Calculated move by RBI or a sign of losing control?

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Last Wednesday, the rupee slipped past the ₹90 per dollar mark. While this drop is labelled as ‘psychologically significant,’ the underlying economic factors haven’t changed much. Yet a specific set of recent events has added fresh momentum, decisively tipping the scales against the currency. The rupee’s rise or fall depends on two main factors: what’s … Read more

Economic offenders who fled the country owe ₹39,000 crores to Indian Banks?

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Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. Despite having arrest warrants issued against them, these FEOs have left India and refuse to return to avoid criminal prosecution. Of this, the principal amount owed is ₹26,645 crore, while interest accounts for ₹31,437 crore. To date, banks have … Read more