World
Lufthansa plane blocks Mumbai airport runway, flights hit
The main runway at Chhatrapati Shivaji International Airport here was closed for operations after a Lufthansa flight suffered four tyre bursts late Friday, officials said on Saturday.
 
The Mumbai International Airport Ltd. has opened up the secondary runway for regular operations after the incident which led to flight delays or diversions as the main runway remained shut for nearly 15 hours till 3 p.m. on Saturday.
 
Officials were unsure when it would be reopened even as the Lufthansa Airlines officials were busy replacing the damaged tyres of the aircraft stranded on the main runway.
 
Four tyres of the landing gear of Airbus A-330 Munich-Mumbai flight LH764 were damaged after landing and the plane could not be moved. The incident took place around 10.45 p.m., the Lufthansa Airlines said in a statement on Saturday.
 
There were 163 passengers on board who were evacuated via stairs on the runway, and the return flight LH-765 of Saturday was cancelled, hitting the flight plans of 223 passengers. The airline was making efforts to rebook them on other flights.
 
The incident has hit flight operations with a Cathay Pacific cargo service being diverted to Hyderabad. Some other flights were compelled to offload cargo to operate from the secondary runway which does not enable a longer take-off run.
 
Another three services were delayed including an Air India flight and a United Airlines Mumbai-Newark flight. Emirates Airlines operated a B-777 instead of an A-380 while a Mumbai-Singapore flight SQ423 of Singapore Airlines with 427 passengers and 25 crew on board was also affected.
 
Singapore Airlines said passengers of the Airbus A-380 aircraft were provided with hotel accommodation and the revised departure plans of the flight would be determined after the main runway was opened for operations.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Ashok Chawla is the new chairman of NSE
Former finance secretary Ashok Chawla has been appointed the new chairman of the National Stock Exchange (NSE), it was announced on Friday.
 
Market regulator Securities and Exchange Board of India (Sebi) approved the name of Chawla, who was heading the Competition Commission of India (CCI), the NSE said, adding his appointment was effective from May 3 and till March 27, 2019.
 
The NSE's board of directors had elected the 1973 batch Gujarat cadre IAS officer as its chairman.
 
Chawla who has over 40 years of experience in various sectors of the economy in India as well as in international agencies, did his masters in economics from the Delhi School of Economics in 1972.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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Tamil Nadu election: Assets of 89 re-contesting MLAs zooms 98% in past 5 years
As Tamil Nadu gears up for the Assembly elections, an analysis shows that assets of 89 outgoing members of Legislative Assembly (MLAs) from across the parties, who are re-contesting, have jumped 98% over the past five years.
 
Tamil Nadu Election Watch and Association for Democratic Reforms (ADR) analysed the affidavits of 89 outgoing MLAs who are re-contesting from major parties in the 2016 Tamil Nadu Assembly Elections. According to the analysis, average assets of these MLAs increased by 98% or by Rs4.27 crore to Rs8.63 crore in 2016 from an average asset of Rs4.35 crore in 2011 election.
 
 
While All India Anna Dravida Munnetra Kazhagam (AIADMK) is the ruling party in Tamil Nadu, opposition party Dravida Munnetra Kazhagam (DMK)'s MLA from Katpadi emerged at top in term of highest percentage wise increase in assets. Katpadi MLA Duraimurugan's assets rose 224% to Rs29 crore in 2016 from Rs9 crore five years ago. Chief Minister and AIADMK chief J Jayalalithaa features third while DMK boss M Karunanidhi is at fifth position on the list.
 
 
MLAs belonging to ruling AIADMK saw their average asset going up by 118%, followed by Pattali Makkal Katchi (PMK) members at 88%, shows the analysis carried out by ADR. 
 

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COMMENTS

D S Ranga Rao

1 year ago

That shows what a Banana Republic ours is! Thoroughly lax laws, an indolent, indulgent and indifferent judiciary, a bunch of corrupt, inefficient and ineffective regulatory
agencies, viz., IT, DRI, ED, ECI, etc., that pretend to be blind, deaf and mute when they ought to have acted to stem the rot when the elected candidates openly declare and flaunt their ill-gotten wealth, all summing up to an acquiescent government at the helm. The situation won't change on its own unless and until the voter, each and every voter, realizes that's he alone has to decide his fate by electing a right person.

agencies, viz.,

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