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JAL Group Announces FY2020 Consolidated Financial Results

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JAL Group Announces FY2020 Consolidated Financial Results
The JAL Group today announced the consolidated financial results for the period April 1, 2020 to March 31, 2021. Beginning this fiscal year, the Company applied IFRS (International Financial Reporting Standards) to the consolidated financial results. In line with this change, the performance management indicator has been changed from operating income to EBIT, which includes both business and investment results.
This fiscal year (April 1, 2020 to March 31, 2021) was extremely tough for the airline industry, including the JAL Group, due to the impact of the COVID-19 pandemic. As the pandemic spread across the globe, the JAL Group strived to maintain its domestic and international route network, while strengthening hygiene and contactless measures to ensure a safe and secure travel experience. Faced with a rapid and significant decrease in revenue, the carrier implemented fundamental cost reducti ....

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Gross Domestic Product (GDP) To Register Record Expansion Of 11% In Next Fiscal Year, Says Rating Agency

The economic survey 2021, presented by Chief Economic Advisor KV Subramaniam, pegged the real GDP growth for the next financial year at 11.0 per cent. This was followed by the Reserve Bank of India s estimate of 10.5 per cent, presented during the Monetary Policy Committee meeting this month. According to the International Monetary Fund (IMF), the country is expected to be the fastest-growing economy in the world, slated to expand by 11.5 per cent. Meanwhile, global rating agencies Fitch and S&P have pinned the economic growth for next fiscal year at 11 per cent and 10 per cent, respectively. (
In nominal terms, the government based its budget calculations on a GDP growth of 14.4 per cent. According to Acuité Ratings, while the range of the real GDP growth prognosis varies between 10-15 per cent broadly, a double-digit growth expansion is likely certain for the new fiscal year. Additionally, economic growth prospects remain positive amidst a gradual easing of COVID-1 ....

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Fiscal Deficit News: Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year

Fiscal Deficit News: Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year
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