Never mind the austerity drive, China is becoming a driving force in the world of ultra-high-end boating. Super-yacht makers Ferretti of Italy and the UK

Never mind the austerity drive, China is becoming a driving force in the world of ultra-high-end boating. Super-yacht makers Ferretti of Italy and the UK's Sunseeker are now both majority owned by Chinese companies. And as Stephen Engle found out, Chinese desires are making their way into super yacht designs.

Designing a super-yacht for China's super-rich

Air India Express' inaugural four-hour flight from Surat in Gujarat to Thailand capital Bangkok saw good sales of liquor onboard, with some passengers claiming the stock ran out.
The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard. The passenger capacity of the plane is 176.
Liquor consumption is prohibited in Gujarat.
Officials of the budget airline on Sunday said there were brisk sales of alcohol on the flight from Surat to Bangkok and the stock was not exhausted, as claimed by some on social media.
Some passengers had taken to social media, saying the airline ran out of liquor.
There was sufficient stock of liquor as well as food onboard, the officials added.
There was no official statement from the Tata Group-owned Air India Express.
According to the officials, generally, a passenger is not served more than 100 ml of liquor during a flight.
The airline offers five types of liquor onboard.
A 50 ml of Chivas Regal is p

The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard

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The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

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Designing a super-yacht for China's super-rich

Never mind the austerity drive, China is becoming a driving force in the world of ultra-high-end boating. Super-yacht makers Ferretti of Italy and the UK

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