New Delhi, Dec 9 (IANS) Full-service carrier Vistara on Monday entered into a codeshare agreement with Lufthansa.
In aviation parlance, a codeshare allows two airlines to sell seats on each others' flights to provide passengers with a wider choice of destinations.
Accordingly, Lufthansa will add its 'LH' designator code to nearly 18 Vistara-operated flights every day covering 10 Indian cities.
"Sales under the codeshare agreement progressively open today on all channels and major GDS systems for flights starting 16 December 2019," the airline said in a statement.
According to the statement, the two airlines already have an interline agreement, using which passengers are able to connect from Vistara-operated domestic flights in India to Lufthansa-operated flights to both its hubs in Frankfurt and Munich and beyond.
"The two airlines are planning to soon expand the scope of the agreement, enabling frequent fliers of both airlines earn miles or points when travelling on each other's networks and enjoy other benefits," the statement added.
Mumbai, Aug 6 (IANS) Headline inflation is expected to remain at elevated level in Q2FY21, but is likely to ease during the second half of the current fiscal aided by a favourable base effect, RBI Governor Shaktikanta Das said on Thursday.
The Governor said the Monetary Policy Committee (MPC) was of the view that supply chain disruptions on account of the COVID-19 pandemic persists, with implications for both food and non-food prices.
"A more favourable food inflation outlook may emerge as the bumper rabi harvest eases prices of cereals, especially if open market sales and public distribution offtake are expanded on the back of significantly higher procurement. Nonetheless, upside risks to food prices remain," Das said while delivering the decision of the MPC on monetary policy.
"The abatement of price pressure in key vegetables is delayed and remains contingent upon normalisation of supplies. Protein-based food items could also emerge as a pressure point."
Consequent to the high retail inflation, the MPC decided to retain the RBI's key short-term lending rates, but maintained its growth oriented accomodative stance.
Accordingly, the repo rate, or short-term lending rate for commercial banks, was retained at 4 per cent.
Like wise, the reverse repo rate stands unchanged at 3.35 per cent.
The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.
It was expected that the MPC might hold rates as recent data showed that retail inflation has been at an elevated level during June.
The retail or consumer price index (CPI) stood at 6.09 per cent in June.
The urban CPI stood at 5.91 per cent and rural at 6.20 per cent.
As per the data, retail inflation level has reached the upper limit of the medium-term CPI inflation target of 4 per cent.
The target is set within a band of +/- 2 per cent.
Besides, Das in his address pointed out that higher domestic taxes on petroleum products have resulted in elevated domestic pump prices and will impart broad-based cost push pressures going forward.
"Taking into consideration all these factors, the MPC expects headline inflation to remain elevated in Q2:2020-21, but likely to ease in H2:2020-21, aided by favourable base effects," Das said.
"Given the uncertainty surrounding the inflation outlook and extremely weak state of the economy in the midst of an unprecedented shock from the ongoing pandemic, the MPC decided to keep the policy rate on hold, while remaining watchful for a durable reduction in inflation to use available space to support the revival of the economy."