Go First gets DGCA nod to resume flight ops, subject to certain conditions

News Network
July 21, 2023

gofirst.jpg

New Delhi, July 21: Indian aviation regulator DGCA has accepted cash-strapped airline Go First's resumption plan, but subject to certain conditions.

The DGCA on Friday in a notification said that upon examination, it has accepted the proposed resumption plan dated June 28 subject to outcome of writ petitions pending before the Delhi High Court and NCLT.

The DGCA said that Go First can commence flight operatins, provided it complies with all the applicable regulatory requirements for holding an Air Operator Certificate. The airline has to continue airworthiness of the aircraft engaged in operations.
 
The company cannot deploy any aircraft for operations without undertaking a satisfactory handling flight. "Any change in the company which has a bearing on the resumption plan submitted by the resolution professional shall be promptly notified to the DGCA," it said.

The company on Thursday informed on Twitter that due to operational reasons, all its flights have been cancelled at least until July 23, 2023. The regulator had informed earlier this month that it would conduct a special audit of the Go First facilities at Mumbai and Delhi. Go First intends to restart flights with 22 aircraft in the fleet as soon as possible.

The DGCA has asked the RP to submit the proposed flight schedule, commensurate with the available resources in terms of airworthy aircraft, qualified pilots, cabin crew, AMEs, flight dispatchers etc after making the requisite arrangements for commencing the scheduled flight operations, including the interim funding that is required the resume services.

Go First's RP Shailendra Ajmera recently invited Expressions of Interest (EoIs) from potential bidders for the grounded airline. The deadline for submitting EoIs is August 9 and the final list of prospective resolution applicants will be declared on August 19, according to the public notice.

The carrier has around 4,200 employees. Its revenue was Rs 4,183 crore from operations in the financial year ended March 2022. Its liabilities are about Rs 11,463 crore.

The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker for its inability to promptly meet obligations - leading to the grounding of a portion of its fleet.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Avantika Bhat | coastaldigest.com
April 8,2025

toppersofDK.jpg

Mangaluru: The academic excellence of Dakshina Kannada continues to shine as the district secured a commendable 93.57% pass percentage in the II PU examinations, placing it second among all districts in Karnataka. Although it stood first last year with 97.37%, the district has maintained a consistent record of high performance.

Over the past years, Dakshina Kannada's performance has been as follows: 95.33% in 2022-23, 88.02% in 2021-22 (a year in which all students were declared pass due to the COVID-19 pandemic), 90.91% in 2018-19, 91.41% in 2017-18, 89.92% in 2016-17, 90.48% in 2015-16, 93.09% in 2014-15, 86.04% in 2013-14, and 85.88% in 2012-13.

Behind the Performance

In-charge Deputy Director of the PU Department, Sridhar H G, attributed the results to collective efforts.

“The department constituted taluk-level Shaikshanika Samithis, which analyzed results college-wise and helped identify areas needing improvement. Remedial classes were held for weaker students. Both government and private PU colleges worked hard, aiming for better outcomes. The district has also produced state toppers in both science and commerce streams,” he said.

Science Stream Brilliance from DK

Among the brightest stars is Bindu Navale from Alva’s PU College, who topped the Science stream with 598 marks, sharing the top spot with two others. A dedicated and sincere student, Bindu said she remained calm and consistent throughout the academic year. Her teachers praised her meticulous approach and in-depth understanding of core subjects. She now plans to appear for national-level entrance exams to pursue a career in the medical field.

Commerce Achievers Who Made DK Proud

In the Commerce stream, Pranay Balasaheb Alagouda and Vaishnavi Prasad Bhat, both from Alva’s PU College, secured 597 marks, earning their place among the state toppers. Pranay, who hails from Vijayapura, expressed deep gratitude for the academic environment at his college. He plans to pursue BCom with aspirations of cracking competitive exams. Vaishnavi, known for her consistent performance and disciplined study habits, aspires to explore the field of finance and management in the future.

Top Performers Speak

Shreevidya, a student of Government PU College, Kaniyoor, scored 595 in the Science stream. She said she had expected 598 marks and plans to apply for revaluation.

“I used to study three to four hours daily. Our lecturers supported us with study materials, which really helped. I aspire to clear the UPSC exam and will pursue BSc followed by MSc in Mathematics. I also write poems,” she said.

She is the daughter of Narayana A K and Shailashree.

Shreya S, a student of Expert PU College who hails from Hassan, scored 597 marks in Science. She plans to appear for NEET to pursue a career in medical sciences.

Her parents, Suresh and Savitha, are doctors.

P Yuktha Sree, a student of Vivekananda PU College, secured 593 marks in the Arts stream and expressed her delight at being one of the state toppers.

Hailing from Bengaluru, she said, “I was attentive in class and studied intensively during the final month. I plan to become an IAS officer and will pursue graduation along with UPSC coaching.”

Her principal, Mahesh, noted that Yuktha was diligent and often clarified her doubts with teachers.

Pramukh Tulupule, from Excellent PU College, Moodbidri, scored 596 in Science.

“There was no pressure. I studied regularly, and mock tests conducted by our teachers helped a lot. I aim to become an engineer,” he shared.

Anoop Shawn Gomes, also from Excellent PU College, Moodbidri, secured 596 marks in the Commerce stream.

Originally from Balehonnur in Chikkamagaluru, he said, “The environment in the college and hostel was supportive. I plan to pursue BCom along with Chartered Accountancy.”

Other Toppers

Arts Stream:

Prakruthi N, Alva’s PU College – 591

G Lavanya, St Aloysius PU College – 590

Niriksha Ria Noronha, St Agnes College – 590

Thafhima Fathima, St Aloysius PU College – 590

Banavath Mayukha, Alva’s PU College – 589

Commerce Stream:

Pranay Balasaheb Alagouda, Alva’s PU College – 597

Vaishnavi Prasad Bhat, Alva’s PU College – 597

Anoop Shawn Gomes, Excellent PU College, Moodbidri – 596

Hanshitha Shetty, St Aloysius PU College – 595

N Bindu Bhat, Canara PU College – 595

Priyamvrath Bhat, Vijaya PU College, Mulki – 595

Richa Ganesh Dalvi, Shakthi PU College – 595

Sannidhi Mangesh Shanbagh, Alva’s PU College – 595

Sharel Lavita Rodrigues, Alva’s PU College – 595

Vismaya Bhat, Alva’s PU College – 595

Adithi K, Excellent PU College – 594

Chaitanya N, Vivekananda PU College – 594

K S Siri Gowri, Vikas PU College – 594

Minnal Binu, Govinda Dasa PU College – 594

Pradyumna R Urala, St Aloysius PU College – 594

Shreyas M, Mangalore Independent PU College – 594

Vaishnavi Shetty, Alva’s PU College – 594

Science Stream:

Bindu Navale, Alva’s PU College – 598

Raja Yadu Vamshi Yadav, Alva’s PU College – 598

Vijet G Gowda, Alva’s PU College – 598

Akshay M Hegde, Alva’s PU College – 597

Preksha M S, Alva’s PU College – 597

Padmavati Malleshappa Badagi, Alva’s PU College – 596

Shadjay A P, Expert PU College – 596

Abhiraam Bhat, Satya Sai Lokaseva PU College – 595

Chinmanyi R, Expert PU College – 595

Darshan Shetty, Alva’s PU College – 595

Dhanyatha Gowda, Expert PU College – 595

Shri Vatsa, Satya Sai Loka Seva College – 595

Tushara B S, SDM College – 595

Rohan H Shenoy, Expert PU College – 595

Vachana Bagodi, Expert PU College – 595

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 1,2025

tax.jpg

As the new financial year begins, several significant financial and tax-related changes take effect from April 1, 2025. Many of these updates were announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025 and have now been officially approved as part of the Finance Bill 2025.

Some of the key changes include income tax exemption on annual earnings up to Rs 12 lakh, deactivation of UPI for long-unused mobile numbers, and suspension of dividend payouts for individuals who haven’t linked their PAN with Aadhaar. Below is a comprehensive look at all the important updates.

1. Income Tax Exemption & New Tax Slabs
Under the revamped tax regime:
✅ Individuals earning up to Rs 12 lakh per year will be completely exempt from income tax.
✅ For salaried employees, a standard deduction of Rs 75,000 raises the effective tax-free limit to Rs 12.75 lakh.
✅ To claim a rebate of up to Rs 60,000, taxpayers must file their returns on time.
✅ The new tax structure applies to income earned between April 1, 2025 – March 31, 2026, and will be reflected in ITR filings for FY 2025-26 (AY 2026-27).

2. Major Changes in TDS & TCS Rules
To provide tax relief and streamline transactions, several TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amendments have been introduced:
🔹 TDS on bank interest for senior citizens has doubled from Rs 50,000 to Rs 1 lakh.
🔹 TDS on dividend income has increased to Rs 10,000.
🔹 TCS on overseas remittances under the Liberalised Remittance Scheme (LRS) has been raised from Rs 7 lakh to Rs 10 lakh.

3. UPI Deactivation for Inactive Mobile Numbers
The National Payments Corporation of India (NPCI) will start unlinking UPI IDs associated with inactive mobile numbers. If your number has been inactive for a long period:
🔸 Your bank may remove it from their records.
🔸 You could face disruptions in Google Pay, PhonePe, or any UPI-based transactions.
🔸 This change enhances security by preventing unauthorized access to old UPI-linked accounts.

4. New GST Rules
Several Goods and Services Tax (GST) updates take effect:
🔹 Multi-factor authentication (MFA) is now mandatory for logging into the GST portal, improving online security.
🔹 E-way bills can only be generated for documents issued within the last 180 days, ensuring better compliance.
🔹 Hotel room tariffs above Rs 7,500 per day are now classified as "Specified Premises," attracting an 18% GST on restaurant services.

5. Toll Tax Hike Across National Highways
From April 1, 2025, toll charges across various highways will increase:
🚗 Delhi-Meerut Expressway, NH-9: Toll for cars will rise by Rs 5 to Rs 170.
🚛 Trucks and buses will now pay Rs 580 on major highways.
🚗 Delhi-Jaipur Highway: The Kherki Daula toll plaza will maintain current rates for cars, but the monthly pass for larger vehicles will rise by Rs 20 to Rs 950.

6. End of Equalisation Levy on Digital Transactions
The Finance Act 2025 removes the Equalisation Levy, which previously imposed a 2% tax on e-commerce and 6% on online advertisements. This change aims to:
✅ Reduce tax burden on digital service providers.
✅ Attract foreign investments in India’s digital economy.

7. Positive Pay System for Cheque Payments
To prevent bank fraud, the Positive Pay System requires account holders to:
✅ Electronically submit cheque details for payments above Rs 50,000.
✅ Ensure the details match before the cheque is processed.

8. KYC Mandatory for Mutual Fund & Demat Accounts
🔹 KYC (Know Your Customer) verification is now compulsory for mutual fund and demat accounts.
🔹 Nominee details will also undergo re-verification to enhance security.

9. Major Credit Card Perk Reductions
Credit card users will see major perk reductions, particularly with SBI, IDFC First, and Axis Bank:
❌ SBI Cards will remove complimentary insurance coverage for accidents (Rs 50 lakh for air, Rs 10 lakh for rail).
❌ Reward points on SBI Cards will be slashed from 15% to just 5%.
❌ IDFC First Club Vistara cardholders will lose milestone benefits and Club Vistara Silver membership perks.
❌ Axis Bank is discontinuing Maharaja Club tier memberships and premium vouchers.

10. Minimum Balance Rules for Bank Accounts
📌 Major banks like SBI, PNB, and Canara Bank have updated their minimum balance requirements based on account location:
🏙 Urban branches will require higher minimum balances.
🏡 Rural and semi-urban accounts may have lower minimum balance thresholds.
🚨 Failing to maintain the required balance will result in penalty charges, varying by bank.

11. Unified Pension Scheme (UPS) for Government Employees
The Unified Pension Scheme (UPS), introduced in August 2024, takes effect:
✅ Central government employees under NPS can opt for UPS.
✅ Those with at least 25 years of service will receive 50% of their average basic salary as a monthly pension.

Final Thoughts

These changes, introduced as part of the Union Budget 2025, mark a significant shift in India's tax, banking, and digital transaction landscape. With higher tax exemptions, updated TDS & TCS rules, stricter banking security, and GST amendments, the new financial year aims to simplify compliance while improving financial security and economic efficiency.

Stay informed and ensure all necessary updates to your financial accounts to avoid disruptions.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 30,2025

Eid al-Fitr 2025 was marked with grand celebrations across the Middle East, as millions of Muslims came together to pray, feast, and rejoice. However, amid the festivities in Saudi Arabia, the UAE, Qatar, and Kuwait, Gaza stood in mourning. The ongoing conflict and devastation in Palestine turned what is usually a time of joy into a period of sorrow and survival for many Palestinians. While some regions witnessed fireworks and public gatherings, Gaza endured airstrikes, hunger, and loss, painting a stark contrast to the celebrations elsewhere.

eidmiddleast.jpg
Muslims attend mass Eid al-Fitr prayers marking the end of the holy fasting month of Ramadan in Dubai, United Arab Emirates, Sunday, March 30, 2025

Gaza: Eid Amid Destruction and Mourning

In Gaza, the usual festive spirit of Eid was shattered by grief and destruction. Israeli airstrikes claimed the lives of several civilians, including women and children, leaving families mourning rather than rejoicing.

The usually vibrant markets of Gaza, once filled with people buying sweets and new clothes for Eid, remained eerily silent. Many families had no food to prepare the traditional celebratory meals, as ongoing blockades and supply shortages have left residents struggling for survival.

President Mahmoud Abbas declared that this year's Eid celebrations should be limited to religious observances, acknowledging the suffering of the people. In place of festivities, prayers were held for the victims of the war, and aid organizations worked tirelessly to distribute basic necessities to displaced families.

Saudi Arabia: Grand Celebrations Despite Regional Tensions

In stark contrast, Saudi Arabia witnessed grand celebrations with large-scale public events, concerts, and fireworks. The General Entertainment Authority (GEA) organized festivities across Riyadh, Jeddah, and other major cities. The night skies were illuminated with dazzling fireworks in places such as Boulevard World (Riyadh), Jeddah Art Promenade, and Al-Khobar Corniche.

Despite the revelry, many Saudi citizens expressed solidarity with Palestinians, with social media campaigns and fundraising efforts aiming to support those suffering in Gaza.

United Arab Emirates: A Festival of Luxury and Giving

The UAE celebrated Eid al-Fitr with traditional prayers, family gatherings, and a wide range of entertainment events. Dubai and Abu Dhabi hosted special cultural performances, and malls offered discounts and attractions for families.

However, amidst the celebrations, many mosques in the UAE emphasized the importance of charity, urging people to contribute to humanitarian efforts in Gaza and other conflict zones.

Qatar: A Blend of Joy and Concern

Qatar marked the beginning of Eid on March 30, 2025, with three days of public holidays and an extended break for government employees. Doha’s Corniche and Katara Cultural Village became focal points for celebrations, with thousands gathering to enjoy fireworks and live performances.

Nevertheless, Qatari authorities and charities continued their relief efforts for Palestine, highlighting the contrast between the joyous Eid atmosphere at home and the suffering of their fellow Muslims in Gaza.

Kuwait: Extended Holidays and Reflection

In Kuwait, Eid holidays provided a nine-day break for many employees, allowing families to come together in celebration. Traditional meals and prayers remained central to the festivities, but Kuwaiti media and religious leaders also focused on the plight of Palestinians, urging the public to donate and raise awareness.

A Tale of Two Realities

Eid al-Fitr 2025 presented a stark contrast between different parts of the Muslim world. While countries like Saudi Arabia, the UAE, Qatar, and Kuwait indulged in celebrations, Gaza stood in ruins, mourning its dead and struggling to find basic resources.

The divide between those celebrating and those suffering was more evident than ever, making this Eid a time of reflection for many Muslims worldwide. The call for peace and justice in Palestine echoed throughout sermons and speeches, reminding the world that while the spirit of Eid is about joy and gratitude, it is also about unity, compassion, and standing with those in need.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.