Thursday May 23, 2019
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India : “Only country in the world with a 5/20 rule”.

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Mumbai: A new rule called ‘5/20’ was implemented and a controversy has surged up, following it.

The ‘5/20’ rule as it is been called,  decrees that new airlines like Vistara and AirAsia India must fly local for a maximum of 5 years along with the necessary securing of at least 20 aircrafts, before setting their feet abroad.

Tony Fernandes, CEO and founder of AirAsia Group Bhd, tweeted on Saturday: “Quite crazy 5/20 hasn’t been solved. Are owners of Indian airlines living in India. Naresh (Goyal), NRI”.

This is believed to be the reaction to Ratan Tata’s favoring of the 5/20 rule.

To explain the situation further, Fernandes was signaling to Federation of Indian airlines – which represents IndiGo, Jet Airways, SpiceJet Ltd. And GoAir – allegation that Tata is favouring the rule following self-interest and ownership issues.

Vistara co-owned by Tata Sons is essentially controlled from Singapore. Whereas, it is also worth mentioning that Air Malaysia is the largest shareholder.

AirAsia India, India’s largest airline founded by a London-based NRI, Naresh Goyal, is a joint venture in which AirAsia Bhd holds 49%, Tata Sons Ltd. 41% and the rest by Arun Bhatia of Telestra Tradeplace Pvt. Ltd.

Under the Indian laws, a foreign company can own and invest up to 49% on any Indian airline, while an NRI can hold a full 100% share in an airline.

The Tata Sons refuted the allegations, claiming that the day-to-day operations and major decisions are taken by the board members, which comprises a wholesome part of Indian residents. And also that an essential share of the ownership rests with the Indian parties as per the Government’s requirement.

Whereas Fernandes replying to a tweet, said that he can see no reason why Malaysia should not be allowed to set up a joint venture with the Indian airlines. He also mentioned of an Indonesian airline that is already operating a Malaysian AOC (air operating certificate).

In a final tweet, Fernandes remarked: “People of India, your voice needs to be heard more. For too long, airlines have been controlled by a few. Mostly NRIs. Competition is needed”. (Input from agencies)

  • Daddy Luthra

    i don’t know whether to trust this article or not, the article states “AirAsia India, India’s largest airline founded by a London-based NRI, Naresh Goyal, is a joint venture in which AirAsia Bhd holds 49%, Tata Sons Ltd. 41% and the rest by Arun Bhatia of Telestra Tradeplace Pvt. Ltd.”; firstly naresh goyal is the founder of jet airways and not air asia india, secondly Air Asia India cant be called India’s largest airline with a fleet of 6 aircrafts and less than 10 destinations when Airlines like Indigo Operate with a fleet of over 100. These are just the basic facts about aviation in India i don’t know what you people are trying to portray.

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  • Daddy Luthra

    i don’t know whether to trust this article or not, the article states “AirAsia India, India’s largest airline founded by a London-based NRI, Naresh Goyal, is a joint venture in which AirAsia Bhd holds 49%, Tata Sons Ltd. 41% and the rest by Arun Bhatia of Telestra Tradeplace Pvt. Ltd.”; firstly naresh goyal is the founder of jet airways and not air asia india, secondly Air Asia India cant be called India’s largest airline with a fleet of 6 aircrafts and less than 10 destinations when Airlines like Indigo Operate with a fleet of over 100. These are just the basic facts about aviation in India i don’t know what you people are trying to portray.

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Top 5 Compelling Benefits of Implementing Employee Management Software in your Business Workplace

The software provides a simple and efficient platform where you can keep track and record all the data and information to enhance the working experience of your employees in the workplace

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employee management
Implementing the management software provides the employees with a platform to produce or show their contribution to their respective projects. Pixabay

Most business organizations have this absurd concept that employees demand too much from the company. As a result, the organization takes measures to curb down the demands or the opinions of its employees in the workplace. This eventually leads to the development of detachment between the higher officials and the general employees. This, in turn, reflects the poor output from the employees, and that directly affects the productivity/ revenue of the company.

All that, however, are primarily due to the existence of an ineffective employee management system in the workplace and not due to anything else. All the other aspects of your workplace environment go out the window if you have a poor management system. After all, the management system is what binds the entire system and all the resources that your business organization utilizes. This is clearly evident from the fact that almost 80% of all the employees quitting their job blame the poor management system in their respective workplace, making it the most valued component in any business organization.

However, implementing an effective and employee-friendly management system in the workplace is no ordinary feat. You have to invest a lot of your company’s resources into it in order to harness a successful outcome. However, there is an easier and simpler approach to implementing the system in the form of employee management software. The software provides a simple and efficient platform where you can keep track and record all the data and information to enhance the working experience of your employees in the workplace.

employee management
The employee management software, aka the HR Core software, is a single platform where the employees and the managers can interact and share their ideas. Pixabay
  • A single, yet multitasking platform

The employee management software, aka the HR Core software, is a single platform where the employees and the managers can interact and share their ideas. The employees can use the software platform to post/ share their leave requests, and likewise, the manager can make the approval using the software as well. Other than that, the employees can update their personal information, and the managers can produce their project analytics and reports as well.

  • Enhance workplace productivity

Relying on the traditional and ineffective manual management system can become chaotic and add unnecessary workload for your employees and managers as well. On top of all that, you are just investing your company’s resource in keeping the management in check instead of investing it on other productive aspects. Implementing the management software simplifies everything and provides a generous free-time to your employees to focus on other resourceful projects.

employee management
Implementing the management software simplifies everything and provides a generous free-time to your employees to focus on other resourceful projects. Pixabay
  • Keeps the employee engaged

An engaged employee can produce a massive and significant productive outcome for the company. Whereas, a disengaged employee can produce the exact contradictory outcome. Implementing the management software provides the employees with a platform to produce or show their contribution to their respective projects. It also acts as a platform to keep the managers and the employees engaged with one another, share and even express their opinions. As per several studies, approximately 70% of all the employees in any business establishments are disengaged; and that directly affects the poor performance of those companies. Hence, keeping the employees engaged through management software is an indispensable requirement.

ALSO READ: Madagascar Court Upholds Prison Terms for Endangered Tortoise Traffickers

  • Secures the employee’s data

In the present generation of internet marketing, no business organization is entirely safe from the dreadful phenomenon that is hacking. Over the past few years, hacking has become a nightmare for every business establishment. Even the world leading business companies such as Adobe, Sony, and Yahoo have fallen victim to the hackers, compromising all their employee data. On top of all threat, if your company is relying on spreadsheet and paper files to store and record all your employee information, you are just making the work of hackers even easier and uncomplicated. The employee management software instead offers various security measures to protect all your employee data that they enter on the software; hence making their private information more secure and resistant from external manipulation.