SOURCE : PIB Contents1 What Is The News?2 Status Of Dams In India –3 About Dam Rehabilitation and Improvement Project:4 Significance Of the Project – What Is The News? In order to enhance water security in the country and support sustainable development, the Government of India today signed a $250 million loan agreement with World… Continue reading Government signs US$ 250 Million Loan Agreement for Second phase of Dam Rehabilitation & Improvement Project (DRIP)
Tag: infrastructure
Airports Economic Regulatory Authority of India Bill 2021 passed in Parliament
Source: PIB What is the News? Parliament has passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021. Purpose of the Bill: The bill seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. The 2008 Act established the Airport Economic Regulatory Authority (AERA). AERA regulates tariffs and other charges (such as… Continue reading Airports Economic Regulatory Authority of India Bill 2021 passed in Parliament
Black topping of world’s highest motorable road near LAC completed
Source: The Hindu What is the News? Border Roads Organisation (BRO) has constructed and completed black topping of the world’s highest motorable road at Umling La Pass in Eastern Ladakh. The road was built under the ‘Project Himank’. About Project Himank: Project Himank is a project of the Border Roads Organisation(BRO) in the Ladakh region… Continue reading Black topping of world’s highest motorable road near LAC completed
Subsidy scheme for shipping firms approved
Source: The Hindu and PIB Relevance: The article highlights one of the challenges with Indian shipping industry and the new government scheme to tackle it. Contents1 Synopsis:2 Challenges with the Indian Shipping industry at present:3 About the scheme:4 Key features of the scheme:5 The expected outcome of the scheme: Synopsis: Cabinet has recently approved a scheme… Continue reading Subsidy scheme for shipping firms approved
Reviving the Airline Sector
Synopsis: The government and industry should collaborate to develop a sustainable restart strategy. Governments need to come up with consistent policies based on evidence. While the industry should do whatever it can to reinstate passenger confidence and embrace new ways of making revenue. Background: Airlines have been battling uncertainty since March 2020. In April 2020,… Continue reading Reviving the Airline Sector
Centre to sell its entire stake in Dredging Corporation
Centre to sell its entire stake in Dredging Corporation News: The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of its entire 73.44 percent stake in Dredging Corporation of India to a consortium of four ports. Important Facts: 2. The consortium of four ports are namely Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal… Continue reading Centre to sell its entire stake in Dredging Corporation
6 airports get Centre’s nod for privatisation; AAI to hold a minor stake
6 airports get Centre’s nod for privatisation; AAI to hold a minor stake News: The government has decided for operation,management and development of six airports through a public-private partnership (PPP) model of six airports. Important Facts: The chosen airports are of Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. This comes 12 years after Delhi and… Continue reading 6 airports get Centre’s nod for privatisation; AAI to hold a minor stake
Centre eyes seaplanes in UDAN 3
Centre eyes seaplanes in UDAN 3 News: The Centre is inviting bids for connecting selected destinations under the regional connectivity scheme (RCS) leading to seaplanes operating commercial passenger flights in India. Important Facts: Opening the third round of the RCS, the Ministry of Civil Aviation has invited proposals for air routes that include tourist destinations… Continue reading Centre eyes seaplanes in UDAN 3
ICF rolls out Train 18, the NextGen Shatabdi
ICF rolls out Train 18, the NextGen Shatabdi News: India’s first engine-less semi-high speed train named “Train 18” was rolled out recently by the Integral Coach Factory (ICF) here and will eventually replace the Shatabdi Express for inter-city travel. Important News: 2. Features: This is the first long-distance train without separate locomotive (engine) and thus… Continue reading ICF rolls out Train 18, the NextGen Shatabdi
India set to be third largest aviation market
India set to be third largest aviation market News: In its latest 20-year forecast for the aviation industry, the International Air Transport Association (IATA) has revealed that India will be the third largest aviation market globally in 6 years. Important Facts: 2. India is now expected to be among the top three countries by 2024… Continue reading India set to be third largest aviation market
