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COVID-19 impact: Delhi airport to shut operations at T2 terminal from midnight

COVID-19 impact: Delhi airport to shut operations at T2 terminal from midnight The earning of the airports depends on the operations of the flights there. So if the airline companies are facing financial turbulence the airport cannot be immune to that, said DIAL CEO Videh Kumar Jaipuriar BusinessToday.In | May 17, 2021 | Updated 13:12 IST Delhi airport s T2 terminal closed amid COVID-19 pandemic The Indira Gandhi International Airport in Delhi will shut operations at T2 terminal due to falling number of flights amid the second wave of coronavirus. The terminal will be shut from Monday midnight. All flights will be handled at the T3 terminal only from Monday midnight, according to Delhi International Airport Limited (DIAL. The two airlines GoAir and IndiGo have been asked to move to T3.

Past failures on spending targets dampen India s 2021 budget hopes

Union Finance Minister Nirmala Sitharaman Indian Finance Minister Nirmala Sitharaman’s promise of delivering a budget like no other on Monday stoked hopes of a much-needed spending boost. But if the past is any guide, the reality may disappoint. The government has missed its total spending targets in the past two years, or even scaled them down, and has failed to meet goals for some of its flagship development programs, a review of budget documents show. While increasing public expenditure is key to revive the economy from the pandemic-induced slump, falling tax revenues mean Sitharaman will have thin resources. Borrowing has already risen to a record 13.1 trillion rupees (about $180 billion) in the current financial year to March, widening the fiscal deficit and putting its sovereign rating under scrutiny.

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