India domestic air passenger traffic reaches over half of pre-Covid levels

India’s domestic passenger traffic has reached more than half of pre-pandemic level operations with the number of daily air travellers crossing over two lakh in November, a top official of the Union Ministry of Civil Aviation (MOCA) said on Saturday.

MOCA Secretary Pradeep Singh Kharola said when flights resumed after a hiatus of two months due to the COVID-19 outbreak, there were only 30,000 air passengers on the first day but the number reached over two lakh on November 2.

He also said almost 100 per cent of bookings and check-ins are now happening through the web and hailed the country’s aviation fraternity for adapting very well to the new normal.

When we opened domestic aviation about five-six months back, in the month of May, on the first day, in a big country like ours, only 30,000 people travelled. And look at the figures last week, we have crossed two lakh passengers per day. In normal times, it is about three-and-a-half lakh to four lakh passengers a day, Kharola said.

So we have crossed more than half of the normal operations and at a very

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Future Supply Chain Solutions reports Q2 net loss of Rs 68.75 cr

Future Supply Chain Solutions on Saturday reported a consolidated net loss of Rs 68.75 crore for the quarter ended September 2020 on account of lowerincome.

The company had posted a net profit of Rs 2.73 crore for the same period a year ago.

Total income during the quarter under review stood at Rs 106.93 crore, down 65.93 per cent as against Rs 313.90 crore in the same period of the previous fiscal, the company said in a BSE filing.

Future Supply Chain said COVID-19 pandemic and consequent lockdown imposed throughout the country had a significant adverse impact on the business operations and the financial of the company for the quarter and half-year ended September 30, 2020.

Future Supply Chain is a supply chain and logistics company in India.

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Major overhaul of R&D tax credit reporting is critical to UK’s economic recovery

HMRC has this week published data showing the number of companies claiming Research and Development (R&D) tax credits and the cost to the Exchequer of providing that support.

But in a world focused on the now, this publication has underlined the woeful inadequacy of the figures, according to Jenny Tragner, director at R&D tax credit consultancy ForrestBrown and member of HMRC’s R&D Consultative Committee.

“We’re in the middle of the biggest public health and economic crisis of our generation,” Tragner comments. “R&D will quite literally be the solution to the pandemic, everything from helping businesses to reopen safely to the vaccine itself. And we know from harsh lessons learned during the previous recession that protecting private sector investment in R&D will also be critical to economic recovery. This annual survey should be giving us valuable insight into the state of business R&D in the UK, but it simply fails to do so.”

On reading the 25-page report and accompanying data tables, Tragner said, “While these figures are interesting for those in the R&D tax industry, they actually reveal very little real insight. Despite these figures covering the 2018-19 tax year, the most recent complete data comes from 2017-18. If we

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