Following a crash that killed 241 people, Air India faces serious regulatory breaches, prompting the Directorate General of Civil Aviation (DGCA) to remove key officials and require immediate disciplinary action. The DGCA highlighted repeated violations in pilot scheduling, alongside concerns over safety protocols, as investigations continue into the June 12 disaster involving Air India flight 171.
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RBA’s hold keeps consumer sentiment recovery in check
Last week, the Reserve Bank of Australia surprised markets by holding interest rates steady at 3.85%, which dampened consumer sentiment, causing the Westpac-Melbourne Institute index to rise only 0.6% to 93.1 in July. Despite a positive outlook for family finances and a slight increase in economic confidence, consumers remain cautious and uncertain about the future direction of the economy. Explain It To Me Like I'm 5: Australian consumers feel mixed emotions after the Reserve Bank...
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