The former finance minister P Chidambaram asserted in free markets, when demand increases, supply will increase, but in India's free market when demand increases, prices will increase.
Union Civil Aviation Minister Jyotiraditya Scindia's statement comes amid soaring prices of air tickets. He pressed efforts for achieving social objectives.
According to Indian Oil Corporation Limited (IOCL), the largest supplier of ATF in the country, on Thursday reported price hiked by 3.6 per cent in the Delhi region.
A couple from Jharkhand who drove more than 1200 km to appear in an exam has been given return air tickets by a corporate group.
The Supreme Court Monday issued a notice to the Union Ministry of Civil Aviation on a petition seeking airlines, both domestic and international, to refund the full amount of the tickets in relation to all flights cancelled due to the nationwide lockdown.
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