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Indian News

Domestic air traffic to decline by 41-46% in FY21 due to Covid-19: Icra

“As per our study, though restricted recommencement of domestic air traffic has begun, this will in no case help the industry to recover the lost ground in FY2021. However, H2 FY2021 will witness some recovery, with Q4 FY2021 witnessing a degrowth of just 3-14 per cent y-o-y in domestic with improved passenger load factors (PLFs),” ratings agency Icra said in the report.

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International flights suspended till July 31; may exempt some routes: DGCA

Modifying its June 26 circular that stated that scheduled international passenger flights will remain suspended till July 15, 2020, the regulator stated on Friday it has decided to extend the deadline to July 31, 2020.

However, international scheduled flights may be allowed on selected routes by the competent authority on a case to case basis,” said the circular by the Directorate General of Civil Aviation (DGCA).

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 Cybersecurity top priority for Indian CIOs post Covid-19 pandemic:Adobe

“As we rapidly moved from functioning in an increasingly-digital world to one that is digital-only, CIOs have had to pivot their strategies to prioritise the online needs of their customers and employees,” said Scott Rigby, Head of Digital Transformation, Adobe Asia Pacific.

Nearly 98 per cent of organisations across India have seen Covid-19 impact business functioning, with CIOs facing challenges in helping their teams to communicate effectively and having the right technology deployment to ensure smooth business continuity.

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India deploys helicopter,12 drones to stop fast-spreading locusts

The Ministry of Civil Aviation has amended rules to allow state government officials to use drones at night, a step that experts have said may help neutralise the locusts.

The government had already been using specialist vehicles and fire engines for spraying operations in at least nine densely populated states in the north, centre and west.

The locust infestation has not caused significant damage so far because it has fallen in the lean season – the gap between the previous harvest and the next planting season. But some farmers have complained about crop losses in a few districts of the desert state of Rajasthan.

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G Srinivasan panel to study suitability of Surety Bond issuance by Indian insurers

Currently, Surety Bond for contractors is not being offered by insurance companies in the Indian market to guarantee satisfactory completion of a project by a contractor and providing performance security to various government agencies,
Due tothe COVID 19 pandemic and consequent economic impact on liquidity and cash flow issues in the Indian Banking sector, the Ministry of Road Transport and Highways (MORTH), Government of India, has requested to examine possible offering of Surety Bondby the general insurance companies.

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