India Commentary | Analysis of Indian news/current affairs/politics/business/sports/lifestyle/society

News Snippets

Congress calls Election Commission's affidavit in the SC saying all decisions were taken unanimously as 'deceptive, deceitful and duplicitous'
Petitioners ask Supreme Court to order preservation of Election Commission's files and notings related to SIR
At least 89,000 people have been evacuated from vulnerable coastal areas of Andhra Pradesh as Cyclone Arnab intensified into a very severe cyclonic storm over the Bay of Bengal. The IMD forecast landfall on Wednesday morning with sustained winds of 115–125 kmph, gusting to 140 kmph, while 53 train services were listed for cancellation on October 27 and 28
Authorities deployed hundreds of additional security personnel in Arunachal Pradesh’s Siang Valley following violent protests against the proposed 11,200-megawatt Siang Upper Multipurpose Project near the Chinese border. Opponents fear the dam would submerge ancestral lands belonging to the Adi tribal community, while the project is also intended to address concerns arising from China’s planned upstream hydropower dam
The Supreme Court issued notice to the Centre on the Digital News Publishers Association’s challenge to provisions of the Digital Personal Data Protection Act and its rules. The publishers argue that the absence of a specific journalistic exemption could undermine investigative reporting and expose confidential sources; the matter is scheduled for further hearing on November 17
The Supreme Court gave petitioners additional time to respond to the Election Commission’s affidavit defending decisions connected with the Special Intensive Revision of electoral rolls and fixed November 17 for the next hearing. The court also issued notice on a separate petition by Trinamool Congress MP Dola Sen concerning alleged changes to Form 6 used for voter registration
The Bombay High Court quashed an FIR against a Pune college student who was arrested over an Instagram repost related to Operation Sindoor. The case arose from a social-media post concerning the 2025 India-Pakistan tensions
A Reuters poll of economists projected India’s GDP growth to slow from 7.7% in fiscal 2025–26 to 7.1% in 2026–27 and 7.0% in 2027–28. Economists cited higher energy costs and inflation risks linked to the conflict involving Iran, while warning that prolonged price pressures could constrain household demand and employment growth
Former RBI Governor Raghuram Rajan cautioned India against exhausting its foreign-exchange reserves to defend a particular rupee exchange rate. He said moderate depreciation could support exports, while warning that high oil prices and continued foreign investment outflows were adding pressure to the currency and the current account
Indian equity benchmarks ended nearly unchanged after a volatile trading session. The Sensex slipped 8.08 points to close at 73,598.67, while the Nifty 50 fell 3.45 points to 22,749.75, with elevated crude oil prices and caution ahead of the US Federal Reserve’s decision weighing on sentiment
Ranji Trophy: Bengal recover as Shahbaz Ahmed scores 121 and then took 2 wickets to put them in a commanding position versus Kerala. In other matches, Delhi were in a fine position against Jharkhand and Gujarat and maharashtra were evenly placed
India thrashed Bangladesh 13-0 in the Asian Champions Trophy hockey
Despite a brilliant come-from-the-back effort, India A were robbed of victory against New Zealand A in the first unofficial Test as the Kiwis ended at 187 for 9 (target 313) when play was stopped due to bad light
Sports Minister Mansukh Mandaviya announced that India plans to amend its anti-doping law to criminalise the supply and sale of banned substances, including penalties for coaches and other participants in doping supply chains. The proposal was announced at a UNESCO anti-doping conference in New Delhi as India seeks to strengthen enforcement and support its bid to host the 2036 Olympic Games
India defeated New Zealand by six wickets in Wellington to take an unassailable 3–0 lead in their five-match T20I series. Abhishek Sharma smashed 113 off 38 balls, reaching his century in 35 deliveries, while he and 15-year-old Vaibhav Sooryavanshi combined for a record 118 runs in the powerplay

A stunning 113 off 38 balls from Abhishek Sharma drowns New Zealand as India chase 199 in 13.2 overs to take an unbeatable 3-0 lead in the series

oppn parties

Is Spice Jet At The End Of Its Tether?

By Sunil Garodia
First publised on 2022-01-28 16:23:54

About the Author

Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Author of Cyber Scams in India, Digital Arrest, The Money Trap and The Human Hack

View all posts by this Author

The Supreme Court, while castigating the attitude of Spice Jet, allowed the airlines three weeks to come up with a solution to its problems by staying the winding up order of Madras HC for that period. Spice Jet has defaulted on its payments to Credit Suisse and the Madras HC had ordered winding up of the company. The company had sought relief from the apex court.

But a solution is not on the horizon unless Spice Jet comes up with something better. For, in the court room today, when the Spice Jet counsel told the court that it was trying to "work something out" the Credit Suisse counsel retorted that what Spice Jet was proposing was "not even worth mentioning". This proves that there is a huge chasm between the two.

The three weeks granted by the Supreme Court should be used by Spice Jet to find more money and make a better offer to Credit Suisse, failing which it is certain that the apex court will let the Madras HC order stand and winding up proceedings will start.

The Supreme Court was livid at the airlines. It questioned "why don't you produce your financial statements?" and asked whether it wanted to run the show or close down. The court also said that "if they don't want to run the airline" then the court will "direct it for liquidation".

After this hearing, time is running out for Spice Jet. If it cannot arrange the funds required to pay-off its creditors including Credit Suisse, or at least arrange for such funds that will allow it to arrive at a negotiated settlement with the creditors in the next three weeks, it is now clear that it will be wound up. The Supreme Court will not give it further time.

Editorials

Protect the Device That Protects Your Digital Life

Protect the Device That Protects Your Digital Life

Privacy Must Not Become a Shield for Power

Privacy Must Not Become a Shield for Power

In Depth

Grounds Of Arrest: The Supreme Court's Rule Must Be Followed By The Police On The Ground

Grounds Of Arrest: The Supreme Court's Rule Must Be Followed By The Police On The Ground

Editor's Pick

For the Goonj to Reverberate, Rahul Gandhi Must Take Regional Parties Along

For the Goonj to Reverberate, Rahul Gandhi Must Take Regional Parties Along