Cabinet Approval: Foreign Direct Investment Policy on Civil Aviation

On March 4, 2020, the Union Cabinet under PM Modi cleared the Foreign Direct Investment Policy on Civil Aviation. According to the policy, 100% FDI is permitted in the air transport services. Earlier only 49% was available for sale to ..

Month: Current Affairs - March, 2020

Air India flight rescues 119 Indian nationals from the quarantined Diamond Princess Cruise ship

After several passengers and crew members were diagnosed with the coronavirus infection, the Diamond Princess cruise ship has been quarantined in the Port of Yokohama, Japan. Recently, a special Air India flight departed to Tokyo and brought back 119 Indian ..

Rajiv Bansal appointed as the Chairman and Managing director of Air India

Veteran bureaucrat Rajiv Bansal was recently appointed as the Chairman and Managing director of Air India. He has been appointed as the head of the national carrier for a second time. Rajiv Bansal is a 1988-batch IAS officer of the Nagaland cadre and he ..

Public Enterprises Survey: Air India, MTNL, BSNL highest loss makings PSUs in FY19

On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the net profit from the PSUs has increased by 15.5% as compared to ..

Month: Current Affairs - February, 2020

Alliance Air to fly between India and Sri Lanka

The Union Cabinet has granted approval to Alliance Air to fly between India and Sri Lanka, by waiving the rule that an airline needs to own minimum 20 aircraft to operate internationally. Alliance Air, which is a 100 per cent ..

RCS – UDAN scheme’s 250th flight operation commences

The wholly-owned subsidiary of Air India, Alliance Air recently commenced the direct flight operations from Bhubaneswar to Varanasi. The daily flight operation is started under the RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik). This route also marks ..