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Showing posts with the label Ficci

Inform if any aircraft acquisition plans change, AAI tells airlines

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Inform if any aircraft acquisition plans change, AAI tells airlines According to industry estimate, airlines in India have speeded up their aircraft acquisition plans. They will add at least 30 planes till December, of which 20 will be added by the first week of Nov Current Affairs :The Airports Authority of India (AAI) mentioned carriers on Tuesday to advise it if there was any adjustment in their airplane procurement designs with the goal that it can correspondingly modify its air terminal framework improvement ventures, as indicated by a senior authority. As indicated by an industry gauge, carriers in India have speeded up their air ship obtaining plans. They will include in any event 30 planes till December, of which 20 will be included by the main seven day stretch of November itself. “I might want to address IndiGo and different aircrafts that as and when you change these procurement plans, if it’s not too much trouble told us, so we can likewise have a course revi...

Ministry of Defence ‘nominates’ DRDO for building e-warfare systems

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Ministry of Defence ‘nominates’ DRDO for building e-warfare systems The Mountain EW system “would be designed and developed by DRDO and manufactured by design-cum-production partner from the Indian (private) industry,” announced the MoD Current Affairs :The Defense Acquisition Council (DAC), led by Defense Minister Rajnath Singh, on Monday reported it had endorsed the acquisition of Rs 3,300 crore of indigenously planned and created military gear. The private division is extremely worked up. In spite of rehashed Ministry of Defense (MoD) affirmations that private firms would be permitted to seek protection contracts on equivalent terms with the open area — which incorporates the Defense Research and Development Organization (DRDO), eight barrier open segment units (DPSUs) and 41 weapons production lines — the DAC has ‘designated’ the DRDO for structuring and building up an indigenous lightweight electronic fighting framework for mountains (from now on, Mountain EW framewor...

Industry demands fiscal stimulus in Budget to spur economic growth

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Industry demands fiscal stimulus in Budget to spur economic growth Ficci batted for income tax slabs for individuals be revised with the highest tax rate of 30 per cent applicable to incomes above Rs 20 lakh as opposed to Rs 10 lakh, currently Elections :-Industry bodies requested financial improvement to goad the hanging monetary development in their pre-Budget gatherings with money service authorities on Monday. They told the authorities that the making of employments in labor-concentrated segments and giving a boost to utilization, especially in rustic territories that have fallen perilously low, ought to be the new government’s core interest. “The forthcoming Union Budget 2019-20 is an open door for the legislature to support utilization and speculations through suitable financial boost and strategies,” Ficci said amid the gatherings, incorporating one with income secretary A B Pandey. Business chambers required a decrease in assessments, both on close to home pay an...