Oracle Clarifies Cloud Computing Terminology

 
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This week when Oracle rolled out what it described as an infrastructure-as-a-service (IaaS) offering, it got a lot of tongues wagging among cloud computing purists. The new offering that Oracle identified as being IaaS consists of a set of servers and appliances, including an Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle SPARC SuperCluster, Oracle Exalytics In-Memory Machine and an Oracle Sun ZFS Storage Appliance that IT organizations can opt to deploy on premise to have additional capacity available on demand.

Technically, that capacity on demand could be made available as an extension of a private cloud. Given the fact that Oracle see that capacity as infrastructure that it is making available as part of a service, Oracle applied the IaaS moniker.

To learn more and to read the entire article at its source, please refer to the following page, Oracle Clarifies Cloud Computing Terminology

 
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Ramco inks cloud-computing deal with Dubai's Emirates Engineering Real Time News, India India's biggest cloud computing company, Ramco Systems, has inked a deal with Dubai-based Emirates aviation group for supplying cloud-based services to its engineering group. The revenue size of the deal, involving Ramco's 'Aviation Suite' of software, ... See all stories on this topic »

The Effects of Cloud Computing on the Health Care Industry Smart Data Collective Cloud computing is now not just about uploading your files in Yahoo! Groups or Google Communities for sharing with a common group. Cloud computing today speaks of large data and resources used by enterprises. There are many businesses and ... See all stories on this topic »

Oracle Clarifies Cloud Computing Terminology DABCC.com This week when Oracle rolled out what it described as an infrastructure-as-a-service (IaaS) offering, it got a lot of tongues wagging among cloud computing purists. The new offering that Oracle identified as being IaaS consists of a set of servers and ... See all stories on this topic »

Cloud computing set to pick up pace in Oman Oman Daily Observer The concept of cloud computing works through a collection of Internet-based or private network services by providing users with scalable, abstracted IT capabilities, including software, development platforms and virtualised servers and storage. As ... See all stories on this topic »

Boosting presence of EU-based cloud providers would improve business take ... Out-Law.com The European Economic and Social Committee (EESC) said that businesses and individuals would be more likely to utilise cloud computing (CC) if their "trust" in the technology grew. It said that there is inherently less trust in using non-EU providers ... See all stories on this topic »

Chunghwa quiet on China cloud computing reports China Post TAIPEI--Taiwan's largest telecommunications company, Chunghwa Telecom Co., declined yesterday to comment on a news report in Beijing that it plans to build a cloud computing center in southern China in partnership with a Chinese telecom firm. See all stories on this topic »

Solveigh Adopts Navatar M&A CRM for Cloud Computing and Navatar Deal ... PR Newswire India (press release) NEW YORK, Jan. 22, 2013 /PRNewswire/ -- Navatar Group, a premier cloud provider for financial services, today announced that Solveigh, a prominent China focused investment bank, has deployed Navatar's M&A Cloud and Navatar Deal Connect to ... See all stories on this topic »

Gravitant Wins Two UP-START Awards at UP 2012 Cloud Computing Conference MarketWatch (press release) AUSTIN, Texas, Jan 22, 2013 (BUSINESS WIRE) -- Gravitant(R), a leader in cloud services brokerage and management for enterprises, systems integrators and cloud providers, today announced that the company won two prestigious UP-START awards at ... See all stories on this topic »

Shri Nitin Ji Gadkari President BJP seeks more time from Income Tax department for Appearance

Change|BJP President   BJP President Nitin Gadkari, who was asked by the Income Tax department to appear before it today in connection with the probe into alleged dubious investments in Purti group of companies, has sought more time to present his case.

Citing his preoccupation with party work as the reason for his inability to appear before the tax authorities, he sought fresh time, official sources said.

They said he has now been asked to appear on February one.

The sources said that two authorised representatives of Gadkari met I-T officials here and submitted a 25-page document in reply to department's question regarding his personal transactions and investments related to the Purti group of companies and few others.

Gadkari was not immediately available for comment while the BJP declined to give any reaction. Gadkari has denied allegations of any wrongdoing and said that he has resigned from the Purti Group sometime back.

The I-T department had earlier issued summons for appearance to Gadkari in the second half of this month as the taxman was probing alleged tax evasion case against him and his group of companies.

Gadkari has been asked for his personal appearance so that he can be confronted with the documents and probe conducted by the I-T in this regard in the last few months.

The department has been probing various firms that invested in Gadkari's company Purti Power and Sugar Limited (PPSL).

The department, according to sources, has allegedly found the details of almost 30 companies that have been "in transactions" with PPSL.

Income Tax raids on companies linked to Nitin Gadkari Hindustan Times Income Tax sleuths have stepped-up investigations into eight companies linked to a group BJP president Nitin Gadkari helped found in 2000. This, coming just a day before the incumbent president was set to be nominated and re-elected as the BJP ... See all stories on this topic »

Nitin Gadkari asks tax officials to excuse him from February 1 appearance NDTV New Delhi: BJP president Nitin Gadkari, inching closer to an unprecedented second term as head of his party, has asked the Income Tax department to excuse him from a scheduled appearance on February 1, according to the Press Trust of India. Mr Gadkari... See all stories on this topic » NDTV

Nitin Gadkari seeks more time from Income Tax department for appearance Economic Times NAGPUR: BJP President Nitin Gadkari, who was asked by the Income Tax department to appear before it today in connection with the probe into alleged dubious investments in Purti group ofcompanies, has sought more time to present his case. Citing his ... See all stories on this topic »

Purti Sugar Limited | Purti Power | Purti Group|Nitin gadkari | investments | Income Tax Department | Income Tax| Employment

Biggest Aviation Scam Ever Kingfisher Ex-Pilots send notice to Dr Vijay Mallaya over unpaid dues

Biggest Aviation Scam Ever
Kingfisher Ex-Pilots send notice to Dr Vijay Mallaya
over unpaid dues,  Charged with Cheating for Non-Payment of Salaries.

Former Kingfisher Airlines  Pilots have sent a legal notice to the management seeking compensation for mental harassment and salary dues,

Sources say the management has been given a period of 21 days to comply with the notice.

The management received the notice on January 18, in which it has been charged with cheating for non-payment of salaries. Sources say the notice has been sent to the top brass of the Airlines including Chairman Dr Vijay Mallya and CEO Sanjay Aggarwal.

The legal notice essentially asks Kingfisher to comply with the pilots demand to pay their salaries. They also want compensation for mental harassment and agony that they have gone through with the management of Kingfisher.

Sources added that Kingfisher engineers are also working on a similar legal notice and will send it later this week.

Clearly, trouble for Kingfisher has been compounding. The debt-ridden airline was also served a warrant in Hyderabad for a cheque bounce row, however, it got resolved after the case was withdrawn. This time it seems the employees are hell-bent and very determined to take the management to court.

Kingfisher Airlines Ltd , promoted by Dr Vijay Mallya,should infuse Rs 2,000 Crore for Revival with 7 Aircrafts and 7000 Staff

Kingfisher Airlines should infuse at least Rs 2,000 crore as capital for reviving the carrier, State Bank of India BSE   Chairman Pratip Chaudhuri said today.


Kingfisher Airlines, promoted by Dr Vijay Mallya, owes Rs 7,500 crore to a consortium of 17 banks led by SBI.

"The company has to bring capital of Rs 2,000 crore minimum, then there can be some possibility (for revival)...if the company doesn't want to fly, what can the banks do?" Chaudhuri told reporters on the sidelines of an event here.

Referring to the repeated rounds of inconclusive dialogue between the lenders and the company, the last round of which took place at the SBI office yesterday, he said, "talks are on, (but) still there is no progress."

"The solution has to come from the company. If we realise assets, whatever hopes are there, that will be gone," he added.

Bankers, who are holding on to the collateral which do not meet their individual exposure, have been eyeing infusion of funds into the airline from the promoter in the wake of USD 2.1 billion or Rs 11,000 crore deal Mallya stuck by selling his holding in USL to Britain's Diageo.

However, Dr Mallya has maintained that the USL deal would not necessarily help the Airline.

In an earlier meeting on December 17, the airline had reportedly told the lenders that promoters would bring in Rs 425 crore as part of the revival plan.

Kingfisher Airlines, which has never reported profit, has remained grounded since October 1 last year, following a staff strike over salaries and suspension of flying license.

Meanwhile, on the government's plan to infuse Rs 3,000 crore into SBI to boost its capital base, Chaudhuri said even without the infusion committed by the government, its core Tier-I capital would be above the 10 per cent mark.

A part of the infusion will go to the associate banks and international subsidiaries, he said.

Responding to a query, he said he expects the Reserve Bank to cut its key lending rate repo by 0.50 per cent and the cash reserve ratio by 1 per cent in its credit policy announcement on January 29.

During their customary pre-policy meet with the RBI brass, the bankers also requested RBI to deregulate interest rate on current accounts which would help people put in more money into these accounts, he added.

Speaking about concerns over deposit growth, Chaudhuri said SBI did not share the concern as it had an excess liquidity of Rs 55,000 crore.

Forced Bankruptcy A Possibility For Mallya's Kingfisher Airlines Forbes The Press Trust of India reported Monday that pilots from Mumbai served Kingfisher an ultimatum to clear their back payments by January 31 or face another winding-up petition. Essentially, employees are handing Mallya and his top executive Sanjay ... See all stories on this topic »

Kingfisher pilots too threaten winding-up petition Economic Times MUMBAI: Mumbai-based pilots of grounded Kingfisher Airlines today served it an ultimatum to clear their dues by January 31 or face another winding-up petition even as the beleagured management today appealed to its Delhi-based engineers not to resort... See all stories on this topic » Economic Times

High fares, Kingfisher crisis hit domestic passenger traffic Times of India High air fare and suspension of Kingfisher services are considered to be the reason for the decline. "Domestic air fare has remained 40% to 50% higher in the second half of this year than last year. This has led to a decline in travel. The fares may ... See all stories on this topic »

Kingfisher ex-pilots send notice to mgmt over unpaid dues Moneycontrol.com Former Kingfisher Airlines pilots have sent a legal notice to the management seeking compensation for mental harassment and salary dues, CNBC-TV18's Sumit Jha reports. Source: CNBC-TV18 ... See all stories on this topic » Moneycontrol.com

Kingfisher Airlines' engineers firm on winding up petition, to send legal notice TravelBizMonitor Taking a tough stand against the airline management, engineers of Kingfisher Airlines have decided to go ahead with the winding up petition in the Delhi High Court, sources said, as per a PTI report. The engineers' association, which met in New Delhi ... See all stories on this topic »

Kingfisher Air Revival Needs $186 Million, Minister Says Bloomberg India's government is willing to support Kingfisher's efforts to restart business provided the carrier pays employees back wages in full, a Civil Aviation Ministry official, who declined to be identified citing government rules, said in New Delhi today ... See all stories on this topic »

Kingfisher Airlines jet repossession row could scare off funds: ILFC Economic Times DUBLIN: One of the world's largest leasing firms has warned India the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot pay their bills could put the country's aviation growth at risk by scaring away new funding ... See all stories on this topic » Economic Times

ILFC Says Six Airbus A320s of Kingfisher 'Held Hostage' Bloomberg International Lease Finance Corp. is struggling to retrieve six Airbus SAS aircraft in India formerly operated by Kingfisher Airlines Ltd. (KAIR), saying it's being “held hostage” by local government authorities. The world's second-biggest aircraft ... See all stories on this topic »

The Hindu

Kingfisher needs Rs. 2000 cr for revival: SBI chief The Hindu Kingfisher Airlines should infuse at least Rs 2,000 crore to restart its operations, said one of its lender State Bank of India (SBI)'s Chairman Pratip Chaudhuri. SBI is the lead banker in the 17-lender consortium that extended Rs 7,000 crore loans to ... See all stories on this topic » The Hindu

Kingfisher needs at least 10 billion rupees to restart: Ajit Singh Reuters India Earlier in the day, a senior government source said India was willing to support a rescue plan fromKingfisher if it could settle months of salary due to frustrated employees, sending the airline's shares up as much as 9 percent. The comments came ... See all stories on this topic »

Ajit: Kingfisher can't fly until it clears dues Hindustan Times Kingfisher CEO Sanjay Aggarwal met aviation secretary KN Srivastava on Tuesday. The airline needs to obtain statements from creditors that they do not object to resumption of flights, Singh said. The minister said the airline did not have any concrete ... See all stories on this topic »

Govt to Kingfisher: Clear all dues before taking wing again Daily News & Analysis The government on day made it clear that grounded Kingfisher Airlines would not be allowed to fly till it cleared all its dues, including pending salaries of its staffers. "Kingfisher cannot be allowed to fly without settling its dues. Just paying the ... See all stories on this topic »

Willing to support Kingfisher revival plan: govt source Reuters India Kingfisher, which lost its operating licence at the end of 2012 and has not flown since the start of October, is estimated to owe $2.5 billion in debt to banks, staff, vendors and others and is scrabbling to find new investors. (Reporting by Anurag ... See all stories on this topic »

Kingfisher Airlines shares up as government willing to support company Economic Times MUMBAI: Shares of Kingfisher Airlines surged higher in a weak market today on the hopes that the beleaguered airlines may be able to once again spread its wings. "The financial turbulence at Kingfisher may come to an end. The government is ready to ... See all stories on this topic »

International Pilot Training

Career Guidance for Prospective and Current International Pilots [ CPL, CFI, ATPL Holders]


Dear Fellow Pilot,

Wishing You a Very Happy Take Off  !

Before you take decision to become an International Airlines Pilot you must read following dos and don't for Pilots.


We have included this section to help and explain the opportunities available to those Trainees who continue to work towards the professional Pilot License level, and there after how to get about with their "way forward" plans. I've also thought it prudent to include some of the many pitfalls or setbacks that await the financially unwary in what is otherwise a very honorable profession. Every country has its own civil Aviation Department who manages Aviation activities. You must make sure here we are talking about only civil Aviation industry Not defence flying. If you are planning to become a fighter Pilot, Sorry I also can't help you much.


Why should you become a Professional Pilot ?
- Passion
- Glamour
- Reputation
- Career
- Born Pilot [ Childhood Desire ] 

Before you begin

Before you embark, it is most important that you get a assessment from your country's "Civil Aviation Dept;" about the recognition of the license you are hoping to get, Is the License fully recognized by your civil aviation when you return back home., ..? Also read CAR [ Civil Aviation requirment ] throughly.


Know your Certificates :

- PPL
- CPL
- CFI
- ATPL


About the Airline Training Industry


Aviation worldwide is a recurring market and the industry is affected predominantly by economics, politics and some part of the globe with acute terrorism..ect. 9/11 had a negative impact on the Airline industry, while in other regions tourism sustained and some picked up and all the local Airlines and charter companies fared rather well...Outside an Airline


Not all Pilots choose an Airline career. There are many other specialties just as rewarding. Other areas available are crop spraying, although I don't recommend it if you intend going the Airline route. Airlines prefer hiring pilots with multi-crew, multi-engine experience from structured environments. Nevertheless – it is well paid but obviously seasonal. Some crop sprayers alternate their work between northern and southern hemispheres to work all year long. Possession of a "Instructor Rating" will always assist you in gaining hours without any cost on flying, this also help you to maintain your license currency at all times... Contrary to popular belief, not everyone has the ability to become a professional pilot. In fact, some people shouldn't fly at all! Not because they can't fly well - but because they can't think well! Cocky, over-confident, egocentric pilots are not desirable and tend to be short lived in this job. The saying "there are old pilots and bold pilots – but no old bold pilots" is true. With the responsibilities and consequences involved, you...
One small tip – guard your reputation well! Airlines do their homework meticulously. Internationally this is a close knit community and if you have a reputation as a heavy drinking Casanova or a flamboyant show-off, you can rest assured the selection board will know about it before you arrive for the interview. Better have some answers ready!

Remuneration


Obviously this is a difficult subject to generalise on as salaries vary extensively around the world. Crop spraying is renowned as being a well paid job but this will be cyclically dependant on the season and whether you are prepared to work in outlying areas and switch hemispheres as...


I hope my advice goes some way in helping you make a decision about your future. Obviously all the aspects cannot be covered in such a short section so if there's any further advice you need please feel free to contact myself. I would try my best to help you in your career path as Professional Pilot.


Approx Commercial Pilot Training Fees in Different Countries

Pilot Training in New Zealand  NZ $ 65000


Description
Duration:                             10 Months
Flying Hours                           200  hrs
Multi  Engine                            15 hrs
Single Engine:                          185 hrs
Simulator:                              10 hrs
Ground School
Pilot Supplies
Exam Fees
License Fees



Pilot Training in Philippines  : USD $ 40500

Total 200 Flight Hrs on SE Aircraft
Package cost : USD $ 40500
1.Private Pilot Training.
2.Commercial Pilot Training with Instrument Rating.
Food + Accomodation USD 2000

Pilot Training in USA  $ 45000
Pilot Training in Canada  CA$ 55000
Pilot Training in Sri Lanka  US$ 45000


ALL FEES ARE SUBJECT TO CHANGE WITHOUT NOTICE


Last but not least... Always remember Take off is optional but landing is compulsory..


Happy Landings........

Capt Shekhar Gupta
C E O
AsiaticAir Corporation
# 108 Ambikapuri  Extn. AirPort Road Indore 452 005 India
Tel: 0091- 731 - 2621309 / 4044650 /6450535 / 6452650
Fax: 91- 731 2621309
M: 0091- 99775 13452
e : csg@asia.com,
shekhar@aerosoft.in,
shekhar@asiaticair.in
W : http://www.asiaticair.in
www.AeroSoftCorp.com 

Why Boeing's 787 Dreamliner is a Nightmare for Many Airlines now ?

 There is a burnt-out metal box at the National Transportation Safety Board's offices in Washington that once housed what may well prove to be the most expensive battery in history.

The charred metal box housed a lithium-ion battery that once powered the auxiliary power unit on a Japan Airlines Boeing 787 Dreamliner. That plane, one of 50 in service of the 850 sold so far, caught fire at Logan International Airport in Boston earlier this month. The same kind of battery is thought to have led to the grounding of a Nippon Airways flight this week. That plane was forced to make an emergency landing after a burning smell was detected in the plane's cabin.

Boeing's battery woes are the latest in a series of problems to have beset the Dreamliner. Such problems have led to a global grounding of the aircraft, including all US-registered 787s, and a wide-ranging Federal Aviation Administration (FAA) investigation, the first time in four decades that it has pursued such drastic action.

Boeing's chief executive, Jim McNerney, expressed "deep regret" for the debacle and said the company was "working round the clock" to restore faith in the aircraft. The company will need all its considerable political clout in Washington to speed through a resolution from regulators who are already facing allegations that they fast-tracked the troubled aircraft in the first place.

But the Dreamliner's problems are not just a Boeing issue. They are a lesson in the limits of outsourcing and the all too cosy relationships between regulator and regulated that have caused problems across industries from automotive to food and financial services in recent years.

Boeing started work on what would become the Dreamliner in the late 1990s. The first planes were delivered to Nippon Airways in 2011, years late and billions over budget. Boeing's local newspaper, The Seattle Times, puts the eventual cost of the plane's development at $32bn.

The 787 was pitched as the airline of the future – a revolutionary plane that that would use new technology to bring aircraft design into the 21st century. The Dreamliner is made of carbon-fiber reinforced plastic composite. More radically still, pneumatic and hydraulic systems have been ditched for electric systems.

The technological leap was always likely to cause teething issues. But these were exacerbated by Boeing's decision to massively increase the percentage of parts it sourced from outside contractors. The wing tips were made in Korea, the cabin lighting in Germany, cargo doors in Sweden, escape slides in New Jersey, landing gear in France.

The plan backfired. Outsourcing parts led to three years of delays. Parts didn't fit together properly. Shims used to bridge small parts weren't attached correctly. Many aircraft had to have their tails extensively reworked. The company ended up buying some suppliers, to take their business back in house. All new projects, especially ones as ambitious as the Dreamliner, face teething issues but the 787's woes continued to mount. Unions blame the company's reliance on outsourcing.

Bill Dugovich, communications director at SPEEA, the professional aerospace union, said his members had first voiced their concerns in 2002. "Outsourcing in general lengthens supply lines, creates problems with language and culture and is extremely hard to coordinate. You have seen a plethora of problems at Boeing. Things get outsourced then they have to come back to Boeing to get fixed," he said.

Capt Shekhar Gupta, CEO of AeroSoft Corp , has studied the construction of the Dreamliner and is not convinced that outsourcing itself is the issue. "We have been outsourcing since the industrial revolution," he said. The problem is one of communications, he argues, and complexity. 
A car has roughly 15,000-20,000 parts; an Air plane has more than 2,000,000 parts.

"The concern is that each organisation did what it was asked but there was a failure to bring the whole thing together, to integrate the systems," he said. Gupta thinks that with better communication and organisation – what he calls "24 hour knowledge factories" – outsourcing could pull off feats as complex as the Dreamliner.

'A powerful force in Washington'

Arguably, it is not just Boeing's fault that the Dreamliner wasn't ready. Boeing is a powerful force in Washington. Barack Obama toured a plant working on the Dreamliner last year and chose Boeing boss McNerney to chair the president's export council in March 2010.

Consultant and former airline executive Robert Mann said Boeing's clout put pressure on the Federal Aviation Authority (FAA) to speedily approve the Dreamliner, despite its radical design and manufacturing process. The Dreamliner is a huge black eye for Boeing, said Mann. Ultimately he believes the company and the plane will pull through but the industry needs to take a good look at what went wrong.

Even after all those delays and teething issues the Dreamliner was passed under a very compressed schedule, said Mann. "And there was an electrical failure and an emergency landing during the test-flight programme," he said. "That was blamed on a 'foreign object'."

Mann said the FAA's mandate changed under administrator Marion Blakey, appointed by president George W Bush in 2008 as Boeing was working on the Dreamliner. "Blakey saw the FAA as a 'customer services organisation,'" said Mann. The FAA was working with the airlines to cut regulation, not to impose it, he said.


This relaxed attitude to regulation brings us back to that charred battery. Lithium-ion batteries are the preferred power source for a range of modern technology but they have a spotty safety record. Laptops, electric cars, cell phones – all have caught fire thanks to their lithium-ion batteries. Federal air regulation specifically limits the size and number that can be carried by passengers. Boeing was able to obtain a waiver for the size, quantity and manner of use of its batteries in September 2007, after the FAA received assurances and extensive test data, much of which was provided by Boeing.

Mann is worried by the sheer number of innovations that the FAA seems to have nodded through. "There's leading edge and there is bleeding edge," he said. "There were so many innovations on this plane that it is hard to fathom how it got approved so quickly. Thankfully, no one was hurt."

dreamliner
dreamliner 787 photos
boeing dreamliner video,
dreamliner ana,

Kingfisher Airlines Ltd , promoted by Dr Vijay Mallya,should infuse Rs 2,000 Crore for Revival with 7 Aircrafts and 7000 Staff

Kingfisher Airlines should infuse at least Rs 2,000 crore as capital for reviving the carrier, State Bank of India BSE   Chairman Pratip Chaudhuri said today.


Kingfisher Airlines, promoted by Dr Vijay Mallya, owes Rs 7,500 crore to a consortium of 17 banks led by SBI.

"The company has to bring capital of Rs 2,000 crore minimum, then there can be some possibility (for revival)...if the company doesn't want to fly, what can the banks do?" Chaudhuri told reporters on the sidelines of an event here.

Referring to the repeated rounds of inconclusive dialogue between the lenders and the company, the last round of which took place at the SBI office yesterday, he said, "talks are on, (but) still there is no progress."

"The solution has to come from the company. If we realise assets, whatever hopes are there, that will be gone," he added.

Bankers, who are holding on to the collateral which do not meet their individual exposure, have been eyeing infusion of funds into the airline from the promoter in the wake of USD 2.1 billion or Rs 11,000 crore deal Mallya stuck by selling his holding in USL to Britain's Diageo.

However, Dr Mallya has maintained that the USL deal would not necessarily help the Airline.

In an earlier meeting on December 17, the airline had reportedly told the lenders that promoters would bring in Rs 425 crore as part of the revival plan.

Kingfisher Airlines, which has never reported profit, has remained grounded since October 1 last year, following a staff strike over salaries and suspension of flying license.

Meanwhile, on the government's plan to infuse Rs 3,000 crore into SBI to boost its capital base, Chaudhuri said even without the infusion committed by the government, its core Tier-I capital would be above the 10 per cent mark.

A part of the infusion will go to the associate banks and international subsidiaries, he said.

Responding to a query, he said he expects the Reserve Bank to cut its key lending rate repo by 0.50 per cent and the cash reserve ratio by 1 per cent in its credit policy announcement on January 29.

During their customary pre-policy meet with the RBI brass, the bankers also requested RBI to deregulate interest rate on current accounts which would help people put in more money into these accounts, he added.

Speaking about concerns over deposit growth, Chaudhuri said SBI did not share the concern as it had an excess liquidity of Rs 55,000 crore.

Kingfisher exit spurs price hawks The Hindu Domestic airfares have constantly risen to unaffordable levels from the beginning of 2012 since Kingfisher Airlines, India's second largest airline by market share at one time, plunged into crisis. Fares peaked in October-December when the airline went ... See all stories on this topic » The Hindu

Kingfisher should infuse Rs 2000 crore for revival: Pratip Chaudhuri Economic Times MUMBAI: Kingfisher Airlines should infuse at least Rs 2,000 crore as capital for reviving the carrier, State Bank of India Chairman Pratip Chaudhuri said today.Kingfisher Airlines, promoted by Vijay Mallya, owes Rs 7,500 crore to a consortium of 17 ... See all stories on this topic » Economic Times

Kingfisher crisis: Banks want fresh fund infusion by the airline Business Today ... accrued interest to 17 banks. A meeting between the core lenders group and the grounded Kingfisher Airlines, which is trying to resume operations by next month, ended inconclusively on Friday evening, as the airline failed to table a concrete ... See all stories on this topic »