Category:

Indian News

Latest

India’s airline fleet to contract, fall below 700 on weak demand -CAPA

Indian airlines are expected to induct 69 planes during the year and retire 86 aircraft, some of which could be through repossessions by lessors, CAPA said during a web conference on its outlook for the country’s aviation sector.

Airlines will also be forced to ground 250-300 planes in the first half of the current fiscal year, CAPA estimates, as a surge in COVID-19 infections in the South Asian nation earlier this year roils air travel.

read more

RBI prescribes qualifications for MDs, WTDs of urban cooperative banks

it has been decided that all UCBs having asset size of Rs 5,000 crore or above, shall appoint a Chief Risk Officer (CRO). The Board must clearly define the CRO’s role and responsibilities and ensure that he/she functions independently,” the circular said. The CRO should have direct reporting lines to MD/CEO or Board or the Risk Management Committee of the Board (RMC), it added.

read more

India’s digital database for farmers stirs fears about privacy, exclusion

AgriStack will create “a unified platform for farmers to provide them end to end services across the agriculture food value chain,” authorities have said, amid a broader push to digitise data in India, from land titles to medical records. But the project is being rolled out without consultations with farmers, and with no legal framework to protect their personal data, according to more than 50 farmers’ groups and digital rights organisations that have criticised the proposal.

read more

SpiceXpress, Delhivery join hands for commercial drone delivery

Drone delivery is the future of logistics and both companies have joined hands to experiment with drone technology to provide state-of-the-art services and make it more popular in the coming years.

The technology will be tested for several commercial applications like emergency services, delivery of goods, critical medical services and environmental monitoring. Delhivery will provide the necessary on-ground support to ensure speedy and reliable first-mile and last-mile logistics.

read more