India's Jet Airways collapses as banks pull the plug

[swnjo]

I always find them costlier than indigo and spicejets for the same route. Could never travel in jetairways.Now its gone.




edit: TDIL that even to fly within the country one have to fly over pakistani airspace

 

[Chhatrapati]

Indian banks are also collapsing...and needed a bailout. What is going on in India, a rising Hindutva means a collapsing India??

https://thebigscope.com/banks-india-collapse/

https://www.thehindu.com/opinion/open-page/the-crisis-in-indian-banking/article22845842.ece

Only a wet dream.

No banks are collapsing, most of them are making strong quarterly reports.

 

[N.Siddiqui]

Only a wet dream.

No banks are collapsing, most of them are making strong quarterly reports.

India's ailing banks need more than a bailout


Lol!! they need a bailout by the govt. Even that is not working...



https://uk.reuters.com/article/uk-i...ailout-stumbles-as-losses-mount-idUKKCN1IP3T7




Read more at:
//economictimes.indiatimes.com/articleshow/61233388.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Only a wet dream.

No banks are collapsing, most of them are making strong quarterly reports.

Everything is collapsing in India??? ...rising Hindutva means a collapsing India??.


Understanding India’s export collapse

A peculiar combination of factors, besides the global recession, explain India’s poor export performance in recent times

https://www.thehindubusinessline.com/opinion/columns/understanding-indias-export-collapse/article9370929.ece

 

[Pubg1]

The Indian economy will soon be in freefall. Thanks to the boasts of a Hindu hriday Samrat.


If this continues, soon majority of Indians will open the borders and ask Pakistan to take over the administration.

Are u a Indian as per your flags? What a asinine thing to say.
You do know India has more than 400 b usd in foreign exchange while Pakistan is basically bankrupt

 

[swnjo]

Are u a Indian as per your flags? What a asinine thing to say.
You do know India has more than 400 b usd in foreign exchange while Pakistan is basically bankrupt

Ignore him, false flagger

 

[Chhatrapati]

India's ailing banks need more than a bailout


Lol!! they need a bailout by the govt. Even that is not working...

Typically, back with old reports.

https://www.sbi.co.in/webfiles/uploads/files/0102191656-Press Release Q3FY19.pdf

The bank involved in the scam.

https://economictimes.indiatimes.co...s-to-16-sequentially/articleshow/67847484.cms

https://www.thehindubusinessline.co...ses-28-per-cent-to-334-cr/article26013295.ece

https://www.bloombergquint.com/quarterly-earnings/q1-results-bank-of-barodas-profits-beats-estimates


Ailing banks don't make thousands of crores in profit.

Governments don't prop up banks. They bring reforms like Insolvency and Bankruptcy Code, bringing more people into banking, by providing subsidies directly through banks, promoting digitized transactions all these small steps show results on balance sheet.

Everything is collapsing in India??? ...rising Hindutva means a collapsing India??.

Did India collapse at anything in the last 5 years ruled under the Hindutva?

A peculiar combination of factors, besides the global recession, explain India’s poor export performance in recent times

Indian export growth have reduced from 9.8% to 7.3%. Yes, it may slow down a bit considering the issues with US and WTO.

But our export growth clocks an average 7.5% YoY.

 

[Lahorie]

No, this has got nothing to do with the recent airspace closure.
Jet airways was going down long before the feb 26-27 events.

Similarly air India is going down for many decades, it’s the fattest white elephant in India. Pakistan can do nothing about it.

The conditions of other Indian airlines is also going on worse by every passing day after Feb 27. Its just the Jet Airways who is hit worst & gone into shutdown.

 

[Novice09]

One down....how many more to go?
This was not even a full blown war, just a 4 minute misadventure of crossing in to Pakistan.
Just a small sample of how devastating a real war could be

You are getting carried away... you need to understand the POLITICAL REASON... following link will help you to GET BETTER UNDERSTANDING of the matter...

Do you know that indigo and spicejet are churning gold from this crisis...

https://www.outlookindia.com/magazine/story/a-jet-propelled-by-don-ibrahim/297557

this is the future of the Indian economy

PAKISTAN and Pakistanis should be the last to talk about FINANCIAL MISMANAGEMENT AND CRISIS...

One tiny step by Pakistan, in the form of closure of air-space for Indian airlines, have brought a large Indian airline to a grinding halt. Just imagine what will happen to India if Pakistan decide to payback Indian terrorism from the western front in the same coin.

I hope that my reply to first two posters have cleared ALL the DOUBTS AND MISINFORMATION in your mind... if not let me know

 

[N.Siddiqui]

Are u a Indian as per your flags? What a asinine thing to say.
You do know India has more than 400 b usd in foreign exchange while Pakistan is basically bankrupt

Indian export growth have reduced from 9.8% to 7.3%. Yes, it may slow down a bit considering the issues with US and WTO.

But our export growth clocks an average 7.5% YoY.

Indian exports barely crossed 300 billion USD in 2018-19, when the earlier exports targets were in excess of 600 billion USD.


http://www.marketexpress.in/2015/12/why-india-exports-are-faltering.html

 

[Novice09]

The conditions of other Indian airlines is also going on worse by every passing day after Feb 27. Its just the Jet Airways who is hit worst & gone into shutdown.

I do hope that following link will help you to understand that this crisis was brewing since 2018... first half...

https://economictimes.indiatimes.co...ening-at-jet-airways/articleshow/65273088.cms

 

[Chhatrapati]

Indian exports barely crossed 300 billion USD in 2018-19, when the earlier exports targets were in excess of 600 billion USD.


http://www.marketexpress.in/2015/12/why-india-exports-are-faltering.html

Your interest in posting 4 year old news is understandable.

The target set by government may or may not have much impact on ground. If such an export growth happens, we will grow at double digits.

But is your issue is not having some 20% YoY growth? Or having a much lesser 7.5% growth? This is still a healthy export growth.

 

[N.Siddiqui]

Did India collapse at anything in the last 5 years ruled under the Hindutva?

...another free fall, make in India and made in India collapse...India rising?????or collapsing?.


After Make In India, Collapse of Made in India?

India's manufacturing sector had an inflection point post 1991 reforms. The megatrend unleashed tailwinds that were to drive businesses for decades. The factories offered jobs to the local community and attracted skilled workforce across the country. The tailwinds therefore did not just help the businesses scale new heights. But they also multiplied the earnings and consumption power of their employees. The economic benefits compounded over time.

The IT services sector was still at a nascent stage. So the best talent in India aspired to go to the factories.

https://www.equitymaster.com/5MinWrapUp/detail.asp?date=12/24/2016&story=2&title=After-Make-In-India-Collapse-of-Made-in-India

 

[Novice09]

Typically, back with old reports.

https://www.sbi.co.in/webfiles/uploads/files/0102191656-Press Release Q3FY19.pdf

The bank involved in the scam.

https://economictimes.indiatimes.co...s-to-16-sequentially/articleshow/67847484.cms

https://www.thehindubusinessline.co...ses-28-per-cent-to-334-cr/article26013295.ece

https://www.bloombergquint.com/quarterly-earnings/q1-results-bank-of-barodas-profits-beats-estimates


Ailing banks don't make thousands of crores in profit.

Governments don't prop up banks. They bring reforms like Insolvency and Bankruptcy Code, bringing more people into banking, by providing subsidies directly through banks, promoting digitized transactions all these small steps show results on balance sheet.



Did India collapse at anything in the last 5 years ruled under the Hindutva?


Indian export growth have reduced from 9.8% to 7.3%. Yes, it may slow down a bit considering the issues with US and WTO.

But our export growth clocks an average 7.5% YoY.

Some fools don't understand the COVERT OPERATIONS by Indian intelligence agencies...

Indian Banks can easily REVIVE the JET AIRWAYS... but GOI want to ensure that Naresh Goyal and his BOSS lose BIG money...

 

[N.Siddiqui]

Your interest in posting 4 year old news is understandable.

The target set by government may or may not have much impact on ground. If such an export growth happens, we will grow at double digits.

But is your issue is not having some 20% YoY growth? Or having a much lesser 7.5% growth? This is still a healthy export growth.

The reality here...after 3 years of decline in exports...a mere increase is taken as big turnaround ignoring the earlier downturn. Modi-economics??

https://www.thehindubusinessline.co...900billion-target-for-2020/article9440783.ece

 

[Novice09]

...another free fall, make in India and made in India collapse...India rising?????or collapsing?.


After Make In India, Collapse of Made in India?

India's manufacturing sector had an inflection point post 1991 reforms. The megatrend unleashed tailwinds that were to drive businesses for decades. The factories offered jobs to the local community and attracted skilled workforce across the country. The tailwinds therefore did not just help the businesses scale new heights. But they also multiplied the earnings and consumption power of their employees. The economic benefits compounded over time.

The IT services sector was still at a nascent stage. So the best talent in India aspired to go to the factories.

https://www.equitymaster.com/5MinWrapUp/detail.asp?date=12/24/2016&story=2&title=After-Make-In-India-Collapse-of-Made-in-India

Using 2016 article to assess economic situation in 2019... by this logic...

PKR is still at 100... not 142...
Kashkol is full...
Chinese LOANS are pouring into Pakistan...
KSA is a villain... dancing on USA tunes...

Today's reality is different... and if Modi wins in ongoing election... which he will (opposition can blame it on EVM)... you will see the fastest growing economy growing faster...