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India’s largest airline IndiGo announces withdrawal of fuel charges on domestic, international routes
India’s largest airline IndiGo announced that it would be eliminating the fuel surcharges on all the flights effective immediately. This decision comes as welcome news for passengers, as it is estimated the removal of these fees will reduce airfares by approximately USD 12.01 on certain long-haul routes.
IndiGo first introduced fuel surcharges on domestic and international tickets back in October 2021 to offset the rising costs of jet fuel at the time. However, with the recent decrease in Aviation Turbine Fuel (ATF) prices, IndiGo has now decided to pass along the savings to its customers by scrapping the surcharges. Lower airfares will help boost demand and make air travel more accessible and affordable.
Read the original article here: https://www.msn.com/en-in/news/other/india-s-largest-airline-indigo-announces-withdrawal-of-fuel-charges-on-domestic-international-routes/ar-AA1mt9f9
ADB approves $160m loan to boost electricity supply in Bangladesh
The Asian Development Bank (ADB) and the government of Bangladesh signed a $160 million loan agreement to upgrade Dhaka’s power distribution network. The loan, which was signed by Bangladesh’s Economic Relations Division secretary Md Shahriar Kader Siddiky and ADB’s deputy country director Jiangbo Ning, aims to enhance the efficiency and reliability of electricity supply in the capital.
The funds will go towards the Dhaka Power System Expansion and Strengthening Project, which involves constructing eight new substations and installing over 100 kilometres of underground power cables and 150 kilometres of overhead lines. The project aims to improve the overall operations and management capacity of the Dhaka Electric Supply Company Limited (DESCO) to meet international standards.
Dhaka has witnessed rapid urbanisation over the past decades but power infrastructure has not kept pace with rising demand. This ADB funding will be instrumental in modernising the city’s antiquated distribution network and meeting the needs of a growing population.
Read the original article here: https://www.newagebd.net/article/221786/adb-approves-160m-loan-to-boost-electricity-supply-in-bangladesh
Rising startups from Pakistan, Bangladesh, and Sri Lanka showcased in Singapore at SouthXChange
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