DAILY NEWS ANALYSIS
17 May, 2020
5 Min Read
Aviation sector measures on expected lines
Part of: GS-III- Economy Aviation (PT-MAINS-PERSONALITY TEST)
MRO hub plan will help save forex and enable local overhauling of planes
The three key announcements of Union Finance Minister concerning the civil aviation sector have been viewed as those on expected lines, while the announcement on MRO (maintenance, repair and operations) needed more clarity on the tax incentives, industry experts said.
Analysis
Way Forward
“Post COVID-19, it seems that the state governments in both of these cities are unlikely to allow private parties to take control of these assets. Therefore, if there are no viable cities for which privatisation might be viable, the Government of India’s decision may be difficult to implement,”
“We need to see more details on the tax simplification, which will help in making India an MRO hub. More relief measures for the civil aviation sector to keep it alive post-COVID-19.” “Better infrastructure should make air travel more accessible and there is a huge opportunity in this sector.”
Source: TH
India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi
Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be
Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight
The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.
Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is
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