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The Economic Times

Opinion / The Economic Times

India wants cheaper air travel, but capping fares could hurt aviation industry

Airfare prices remain stable despite rising crude oil costs and industry growth. A Supreme Court case seeks to cap airfares and establish a consumer body. Price controls, like rent control, can lead to industry decline and shortages. The aviation sector needs policy to encourage expansion and new players. Focusing on attracting more airlines is key to affordable air travel.

19 Aug 2026 12:51 am
How spies read you

Steven Bartletts The Diary of a CEO episode featuring former CIA officer and whistleblower John Kiriakou explores how intelligence professionals read people, assess trust and spot deception.

18 Aug 2026 11:22 pm
Japans yen lesson for India: Dont fight the currency market

India should focus on economic fundamentals and allow the rupee to be largely market-driven. The RBI has some flexibility during a financial crisis because India does not have full capital account convertibility, allowing authorities to restrict large capital outflows if required.

18 Aug 2026 11:18 pm
Ancient microbes in our backyard

A groundbreaking find near Jamshedpur, India, reveals microscopic fossils that may date back 3.5 billion years, showcasing early life forms on our planet. These ancient microbial mats provide vital insights into Earth's historical narrative, emphasizing the role of these tiny life forms in shaping the atmosphere and supporting life, offering an intriguing perspective on our planet's deep evolutionary roots.

18 Aug 2026 11:14 pm
Fiscally fit: The counterintuitive move that helped India tame inflation

India's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflation rates. However, banking windfall revenue from cheaper oil repaired debt backing. This fiscal consolidation re-anchored prices and restored market confidence. This commitment to fiscal discipline has since buffered India from global shocks.

18 Aug 2026 11:09 pm
Getting used to CAS for auction delivery

Sebi's new closing auction session will determine stock prices. This new method improves price discovery and reduces manipulation risks. Options traders accustomed to old methods are experiencing initial friction. The regulator is open to feedback for fine-tuning the system. This new mechanism is intended to promote market stability and efficiency.

18 Aug 2026 11:01 pm
With a friend like this, who needs...?

Donald Trump's public gestures towards Kim Jong Un have unsettled allies like South Korea. Europe also rethinks its relationship with Washington after past actions. Earlier administrations also engaged rogue states for strategic reasons. This approach to enemies leaves friends wondering about loyalty's value. India's cautious distance from Washington appears prudent in this context.

18 Aug 2026 10:54 pm
Jammu: NIA court issues non-bailable warrant against Pak-based LeT commander

A special NIA court in Jammu issued a non-bailable warrant for Mohammad Yaqoob. He is an operational commander for Pakistan-based Lashkar-e-Taiba. Yaqoob is a designated terrorist involved in terror activities in Kashmir. He coordinated financial and logistical support for other LeT cadres. The warrant is in connection with an ongoing investigation into a terror network.

18 Aug 2026 7:50 pm
India, maybe enter the Bronze age?

A statue in Korba, Chhattisgarh, revealed as cement painted bronze, not solid metal. Heavy rains exposed this discrepancy, leading to an official's accountability. This incident questions the superficial presentation of development progress in India. It suggests that underlying foundations of progress may be quite fragile. The event highlights a need for genuine advancement over mere appearances.

17 Aug 2026 11:46 pm
Closing auction gets off to a rocky start, but Indias markets will adapt

India's stock markets are adopting a closing auction session, impacting passive fund investing. Initial trading days showed price divergence and lower participation rates. Sebi noted no manipulation, attributing early issues to market circumspection. Improved broker interfaces and price visibility are now needed for better arbitrage. The market reform requires adaptation, but aims for greater efficiency and transparency.

17 Aug 2026 11:43 pm
FCNR(B), nothing magical about it

The Reserve Bank of India is prematurely closing a special window for FCNR(B) bank deposits from the Indian diaspora, originally set to end September 30, now shutting on August 31. This move comes as the facility, which offered sweetened interest rates and shielded banks from currency risk and liquidity requirements, proved highly successful. The early closure is a precautionary measure due to liquidity considerations and potential adjustments to monetary policy.

17 Aug 2026 11:33 pm
Snap out of third world-weariness

A recent CAG report found E. coli in railway station drinking water, indicating serious contamination issues. This audit revealed widespread failures in water purification and testing protocols across many stations. Separately, a building collapse in Saket was attributed to illegal construction and substandard materials. These incidents expose a significant gap between India's economic growth and its infrastructure execution. Such systemic failures threaten the nation's progress towards sustaina

17 Aug 2026 11:27 pm
Plant an idea

One student researched extensively, while another student acted and learned through mistakes. The analytical student presented a paper, but the active student showed a living tree. This highlights the difference between knowledge and enterprise in practical application. True entrepreneurs learn from errors, which become valuable data for future endeavors. Clarity in leadership and entrepreneurship often emerges after taking action.

17 Aug 2026 11:23 pm
Indias closing auction needs funds to show up

India introduced a closing auction session mechanism for market reform. This new system requires broad participation to achieve its intended benefits. Studies show closing auctions improve price discovery and lower trading costs. Various fund categories can actively participate within their legal frameworks. Active participation is crucial for the success of this global standard.

17 Aug 2026 11:17 pm
The dangers of smoking in bed

The grandmother had an aversion to rain, often burying bottles as a talisman against storms. During heavy downpours, she'd lock the windows and crank up the television to drown out nature's clamor. Immersed in her beloved show, Combat!, the sound of the rain was a mere backdrop. In contrast, the narrator cherished the rain, appreciating its ability to soften the earth, enabling a child's joyous digging adventure in the soil.

17 Aug 2026 11:11 pm
Youth must move from protest to the polling booth

Young individuals frequently express a sense of being overlooked, resulting in discontent and turmoil. The digital landscape breeds a shared anxiety among the youth, yet political unity is still lacking. Elections serve as a vital means for youth to voice their concerns and impact policy. Although the voting age has been reduced, young voters still fall short in participating in elections, unlike their female counterparts.

17 Aug 2026 11:10 pm
Nitin Nabins team does a fine balancing act between the old and the new

BJP President Nitin Nabin has formed a new team of office-bearers. This team balances experienced leaders and new faces for party strategy. Several defectors from other parties have been included in key positions. Veteran leaders like Vinod Tawde and Sunil Bansal have been retained. Smriti Irani and Biplab Kumar Deb are now general secretaries.

17 Aug 2026 10:46 pm
Govt destroyed ISI-backed Shahzad Bhatti network; 200 arrested ahead of Independence Day: Amit Shah

Indian security forces made a bold move by arresting more than 200 individuals affiliated with the Shahzad Bhatti Network, thwarting intended subversive attacks ahead of Independence Day festivities. The extensive operation spanned fourteen states, leading to the recovery of a considerable amount of explosives and arms. This network, linked to Pakistan, was known for its involvement in grenade and IED attacks, showcasing India's unwavering commitment to countering cross-border terrorism.

17 Aug 2026 3:57 pm
The 60-day deadline for an Iran peace deal is expiring. Here's where things stand

As the deadline for a resolution on the US-Iran nuclear deal has passed without any advancements, both countries remain firmly entrenched in their positions related to the Strait of Hormuz. Following the collapse of the interim agreement, tensions have de-escalated, yet Iran demands the lifting of blockades and reparative actions, whereas the US persists with its economic pressure.

17 Aug 2026 2:39 pm
Black Steel Tricky/Public Enemy

Tricky's 1995 cover of Public Enemy's 'Black Steel' offers a dark, raw reinterpretation. Martina Topley-Bird's vocals replace Chuck D's authority, creating an unsettling atmosphere. The production features abrasive sounds and fractured rhythms, building a sense of chaos. This version avoids reassurance, presenting pushback as confusion and menace. The track's fade-out acts as a countdown to a mental explosion.

16 Aug 2026 11:03 pm
AI wont create Indias jobs crisis, but it could deepen it

Educated youth face a challenging job market with fewer middle-skill opportunities. Many new jobs are in low-productivity agriculture or informal services. AI threatens cognitive jobs, widening the existing skills divide. India must create productive non-farm work and expand tech-complementary roles. Targeted AI skilling is crucial to secure the demographic dividend.

16 Aug 2026 10:57 pm
Public education needs public money

Students across the nation have taken to the streets, drawing attention to the overwhelming resource deficit in education. With public funding stagnating and not meeting government commitments, many students are now gravitating towards private schools. This shift in enrollment is leading to the closure or merging of numerous government institutions. To enhance the quality of state schools and foster future development, a significant increase in public investment is imperative.

16 Aug 2026 10:52 pm
This hotspot is getting hazardous

Global humid heat exposure has surged significantly, with India experiencing a nineteenfold increase. Poor urban planning and construction have intensified heat traps in Indian cities. This humid heat stress poses serious health risks, impacting vital organs and vulnerable populations. Productivity losses have risen dramatically, affecting workdays and wages for many. Addressing humid heat stress requires urgent policy and political prioritization for human health.

16 Aug 2026 10:45 pm
GS, the ultimate tech frontier to tap into

Genuine stupidity is presented as a revolutionary technology surpassing artificial intelligence. This concept requires no advanced infrastructure, relying solely on human ingenuity. Corporations and governments will embrace this trend, announcing strategic pivots and unrealistic promises. Investors will support startups focused on this concept, with delivery being secondary. Universities and consultants will also adapt, offering new degrees and explanations for its adoption.

16 Aug 2026 10:44 pm
Tech mastery and magic

Mystery can evoke fear or excitement depending on individual attitudes and dispositions. Adam Waytz notes our era offers immense explainability and information access. Generative AI further expands this readily available knowledge base for everyone. However, this information overload risks leading to disenchantment and a loss of wonder. Embracing mystery can help regain intellectual humility and foster mutual understanding.

16 Aug 2026 10:39 pm
RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheet

India's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased inflow has prompted an extension of its deadline, ushering in a new era of currency risk for the central bank. Unlike previous models, banks now focus more on leveraging their assets than merely banking on deposit spreads, ensuring that the impact of these inflows will extend beyond the current deposit frame.

16 Aug 2026 10:36 pm
PM Modi pays tribute to Atal Vihari Vajpayee on death anniversary

Prime Minister Narendra Modi remembered former prime minister Atal Bihari Vajpayee. He called Vajpayee an extraordinary statesman with remarkable vision. Vajpayee dedicated his life to the service of the nation. His words and leadership inspired generations and strengthened the country. Focus on good governance and public welfare will continue to guide us.

16 Aug 2026 8:26 am
Gurgaons monkey problem has a new celebrity

A Gurgaon society uses a large poster of a langur to scare away monkeys. This innovative approach aims to solve a persistent problem faced by residents. The poster features Babulal, a real langur, whose image was captured and edited by a guard. This AI-driven solution raises questions about the future employment of the actual langur. The society president's son inspired this creative and cost-effective pest control method.

15 Aug 2026 11:23 pm
Jai Hind begins with the place we call home: Celebrating the India around us

Independence Day can often resemble just another workday for many individuals. However, this year, as it coincided with a Saturday, people enjoyed a unique holiday experience. The author explores how the celebration of Independence Day has transformed over the years, moving from a significant national event to a more commercialized occasion. The piece encourages a deeper appreciation for one's immediate environment as a meaningful way to feel connected.

15 Aug 2026 11:00 pm
Never mind the type, Swaraj is your biryani & you shall have it!

Biryani advertisements highlight its diverse regional variations and culinary appeal. The dish's origins are debated, with links to Persian and Sanskrit roots. Historical accounts mention biryani in Mughal courts and military encampments. Its many forms reflect India's eclectic individualism and freedom of choice. Biryani's widespread popularity spans from local eateries to grand banquets.

15 Aug 2026 10:51 pm
How to take joy out of jumping red lights

Prepaid fines could make traffic violators think twice - and let the state, Kautilya-style, collect its dues gently.

15 Aug 2026 8:06 pm
Five years of Taliban rule: Survival is not the same as stability

The Taliban has maintained control of Afghanistan for five years. Mounting domestic pressures include poverty and refugee returns. Internal factionalism and security strains also challenge the regime. External engagements have expanded, though Pakistan relations have worsened. India pursues calibrated engagement with humanitarian support and strategic patience.

15 Aug 2026 4:11 pm
Mending a torn relationship

Sustainable living has to privilege thrift over convenience, with personal effort

14 Aug 2026 11:33 pm
An Independence day 5-point plan

India Inc needs to engage in tangible actions beyond rhetoric when it comes to sustainability and social responsibility. Genuine development hinges on the readiness to innovate and embrace risks that deviate from the conventional. Adhering to current regulations is essential for advancing national progress and stability. Furthermore, addressing 'Indian Stretchable Time' is critical for enhancing efficiency and aligning with global standards.

14 Aug 2026 11:27 pm
Welcome turnaround, Bar Council members

In a significant turn of events, the Bar Council of India has rescinded its earlier threat towards graduates of NALSAR University of Law after students raised concerns over the invitation extended to Chief Justice Surya Kant for their convocation. This decision highlights the council's willingness to acknowledge its overreach, emphasizing the difference between valid criticism and undue pressure on emerging legal professionals.

14 Aug 2026 11:25 pm
India's split-personality trade policy needs a reset

India is actively chasing bilateral trade agreements with vigor and determination. However, its approach to multilateral trade is characterized by hesitation and caution. This dichotomy leads to misunderstandings and hampers India's global image. Despite considerable economic advancements, old policies linger. A reassessment of these traditional positions is essential for aligning with contemporary trade objectives.

14 Aug 2026 11:24 pm
Order of the empire? Where's the empire?

The British Empire officially ended seventy-nine years ago. Yet, imperial honors like GBE and OBE continue to be awarded. This raises questions about the true end of British imperialism. The article suggests the empire's influence persists in subtle ways. These honors symbolize a past era's enduring legacy.

14 Aug 2026 11:22 pm
Independence Day 2026: Two-way freedom

A politician highlights freedom of speech during a parade. Students discover chaos when granted complete freedom in class. An employee seeks independence but misses office perks. True freedom often requires structure and responsibility. These anecdotes explore the practical implications of liberty.

14 Aug 2026 11:20 pm
Burden of Sylhet referendum

This article delves into the enduring effects of the Partition on Sylhet and its inhabitants. Numerous families abandoned their homes, moving to regions like Assam and Shillong. With backing from both the Assam Congress and the Muslim League, Sylhet's separation from Assam was pursued to foster a linguistically unified province for Assamese speakers. The emotional scars of losing ancestral homes continue to be felt by displaced communities.

14 Aug 2026 11:14 pm
The self is ever free

Political freedom is a significant aspiration for humanity and society. However, true liberty transcends physical and mental limitations of the body. The essential Self, pure Consciousness, remains ever-free and unlimited by time. Discovering this truth allows engagement with the world through wisdom and compassion. This realization of the Self alone offers complete and limitless sovereignty.

14 Aug 2026 11:12 pm
Treat, not trick, data centre water

India faces a significant potable water shortfall while treating only a fraction of its sewage. Treated sewage, currently discharged into waterways, offers a viable water source for industries. Data centres, while demanding, use a small percentage of national water consumption. Pricing treated water and enforcing reuse policies can transform liabilities into revenue. Municipalities should implement pricing and mandates for industrial water use.

14 Aug 2026 11:10 pm
End dependence days: What India should and should not build

Current government procurement policies can obstruct innovation, often favouring established firms. Furthermore, major Indian corporations frequently seek excessive credentials from startups prior to engaging with their technologies. For sustainable growth, entrepreneurs should prioritise global opportunities and product excellence.

14 Aug 2026 11:07 pm
PM Modi hails President Murmu's address to nation

Prime Minister Narendra Modi lauded President Droupadi Murmu's Independence Day address. Her inspiring words encouraged renewed determination for a developed India. The President highlighted comprehensive reforms for public examinations. She emphasized transparency and security in the examination system. Joint efforts are needed to safeguard students' present and future.

14 Aug 2026 9:08 pm
Why I created AI Circus All AI under one tent

Amazon simplified shopping. Uber simplified car travel. Can AI Circus simplify the world of AI?

14 Aug 2026 5:06 pm
Indias next competitive advantage must be built, not inherited

India aims to lead global growth by building integrated capabilities and executing effectively. Its GCC base and digital infrastructure offer significant strategic advantages for expansion. Manufacturing ambitions extend beyond fabrication to encompass the entire global value chain. Startups and deep-tech ventures require patient capital and institutional support for success. Talent, trust, capital, and policy continuity will be decisive enablers for this transformation.

14 Aug 2026 12:30 pm
Sound of rain all night

The night's rain created a symphony of sounds on urban surfaces. This peaceful deluge transformed rooftops and streets into musical instruments. The mind wandered, lulled by the hypnotic and unpredictable rhythm of the downpour. After the storm, puddles and the scent of petrichor marked the city's cleansing. The morning revealed a landscape washed clean by the night's joyous, aurally witnessed event.

14 Aug 2026 12:47 am
Mystery of the expunged words

Parliamentary rituals include expunging remarks, a tradition that erases spoken words. BJP MP Jagdambika Pal's words were struck from the record twice. Expunction aims to make statements disappear from official records. However, all attendees in Parliament still hear the removed words. This practice raises questions about accountability and the nature of memory.

14 Aug 2026 12:44 am
The Sultanates Surcharge: MMDR Amendment shifts wealth from states to miners

Parliament passed the Mines and Minerals Amendment Bill 2026 on Thursday. This legislation aims to standardize mineral taxation across Indian states. The bill effectively neutralizes a Supreme Court ruling on state taxing powers. It also protects mining companies from past tax liabilities. This move centralizes authority and impacts federalism and future resource benefits.

14 Aug 2026 12:39 am
Mining for better RoI, better sharing next

In a significant legislative shift, the Centre has revised a 1957 Act to enhance its oversight of mineral resources. The newly established rules will dictate how state governments can impose taxes and levies on mineral-rich lands, promoting a more stable fiscal framework for the mining industry. Furthermore, court-challenged state levies have now been rendered void, pushing for fair revenue sharing with states as an essential next step.

14 Aug 2026 12:23 am
Sun-chase, a tourism lesson from Europe

Europe ingeniously capitalized on a solar eclipse by organising a captivating week-long festival that drew in tourists. Cruise ships flocked to optimal viewing areas while hotels enjoyed a surge in bookings. This remarkable initiative highlights the potential of innovative infrastructure and services to unlock economic growth. India, with its own celestial wonders, stands to gain significantly by leveraging investments to elevate these natural events into premium travel experiences.

14 Aug 2026 12:08 am