The development also comes on a day when several passengers on a Jet Airways flight from Mumbai to Jaipur suffered nose and ear bleeding.
The minister's comments come at a time when the airline industry is grappling with tough times as high oil prices and stiff competition are crimping the profitability of carriers.
Prabhu said the ministry as such cannot interfere with the fares but it is "doing it" in this time of crisis.
Andhra Pradesh Chief Minister N Chandrababu Naidu and Union minister Suresh Prabhu today visited a city hospital where DMK president M Karunanidhi has been undergoing treatment.
Prabhu pointed out that the current scenario was the “most challenging period of the last 70 years” for global trade and that the WTO’s very existence is under threat.
Commerce and Industry Minister Suresh Prabhu, who is visiting the US next month, will raise various trade related issues with his US counterpart including the import duty hike on steel and H1B Visa.
Due to the fractured verdict, jockeying for power has begun in the state, with contenders BJP and JD(S)-Congress combine intensifying efforts to outmanoeuvre each other.
The top echelons of the Chinese and Indian establishments have began sending signals that they desire a warmer bilateral trade relationship, even as the US continues to turn increasingly protectionist
Trump has mentioned India along with China several times over the last few months in the context of reciprocal taxes, alleging unfair import duties on American products and violation of WTO
Commerce and Industry Minister Suresh Prabhu said this was probably the first time in recent history that India was not being blamed for the collapse of talks at the ministerial meeting of the WTO.
76 injured as Nagpur-Mumbai Duronto Express derails in Maharashtra; third accident in 10 days, first since Suresh Prabhu's offer to quit
Nine coaches of the Nagpur-Mumbai Duronto Express derailed near Asangaon of the Kasara-Mumbai suburban railway section at around 6.35 am.
Maintenance equipment found at accident site; Railways probing if repair work was authorised
The railway ministry said 21 people were killed and 97 injured, 26 of them grievously, in the accident near Khatauli in western Uttar Pradesh.
The minister said he was monitoring the situation closely and that restoration of tracks was his top priority.
Utkal Express derailment in Uttar Pradesh's Muzaffarnagar: 21 dead, 92 injured; Three top Railways officials sent on leave, four engineering officers suspended
The mishap took place at the Meerut-Saharanpur section of Delhi division of Northern Railways. Sources said some of the coaches crashed into nearby houses causing major damage to public and property.
The earnings are expected to reach Rs 500 crore in one year.
Rail fracture is suspected to be the possible reason for the Ajmer-Sealdah Express derailment near Kanpur today.
A column comprising a team of 90 army personnel accompanied by a medical column of four doctors, 20 paramedics and two ambulances from Kanpur were also deployed at the accident site.
Union Railway Minister Suresh Prabhu on Sunday announced an ex-gratia of Rs. 3.5 lakh for the families of the deceased.