Business, Economy & Banking Current Affairs - 2019

Business, Economy and Banking in Current Affairs 2019 with latest news and current affairs in Agriculture, Industry, Banking, Capital Markets, Import and Export and Government schemes in commercial sector.

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India’s first-ever helicopter summit held in Dehradun

Union Ministry of Civil Aviation organised country’s first ever helicopter summit at Sahastradhara helidrome in Dehradun, capital of Uttarakhand. The summit was based on theme of expanding connectivity through helicopters.

Key Highlights of Summit

Organiser: The first-of-its-kind conclave, a Helicopter Summit- 2019 was organised jointly by Civil Aviation Ministry, Uttarakhand government and Federation of Indian Chambers of Commerce and Industries (FICCI).

Indian Air Force (IAF) was also invited at the summit to talk on ‘Role of IAF helicopters in MEDEVAC i.e. medical evacuation at National level‘.

Participants: The conclave was attended by Chief Minister of Uttarakhand Trivendra Singh Rawat, Aviation Secretary P S Kharola, Joint Secretary in Aviation Ministry Usha Padhee, officials of Directorate General of Civil Aviation (DGCA), state’s Chief Secretary and officials from all Indian helicopter operators were present.

Incentives announced: Uttarakhand CM Trivendra Singh Rawat announced that aviation firms offering helicopter services in areas identified under UDAN Yojana (Ude Desh Ka Aam Nagrik), a Regional Connectivity Scheme will get an additional subsidy from Uttarakhand government in addition to the subsidy given by the Centre.

Significance: Considering geographical situation of Uttarakhand, helicopter services are very important for state as it may take up to 20 hours to reach border areas. As border areas of Uttarakhand were endowed with great scenic beauty the helicopter services will also make it easier for filmmakers to shoot their films in picturesque locations of state, which has emerged as one of country’s finest film shooting destinations in recent years.

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PM Modi launched indigenously-built coach for Mumbai metro

Prime Minister Narendra Modi launched an indigenously-built metro which would be used by upcoming Mumbai metro network. The coach has been built by Bharat Earth Movers (BEML), Bengaluru.

Key Highlights

The metro coach built by Bharat Earth Movers (BEML) is the first in list of 500 coaches to be delivered to Mumbai Metro Rail Corporation (MMRC). It has been built by BEML at its Bengaluru facility in flat 75 days.

Mumbai Metro project shows that that financial capital is catching up with National Capital after decades in modern public transport and is pumping in more than Rs.1.2 lakh crore to build 14 metro corridors stretching 337-km over next decade.

The new coach will enable commuters to travel along with their bicycles to the destinations, as is seen in cities of developed world.

PM Modi also laid foundation for 3 more metro lines entailing a length of more than 42 km and to be built at an investment of over Rs.19,000 crore.

These 3 new lines take total number of metro lines to 14 across Mumbai metropolitan region. The new corridors are-

  1. 2-km Gaimukh-Shivaji Chowk (Mira Road) metro-10
  2. 8-km Wadala-CST metro-11
  3. 7-km Kalyan-Taloja metro-12 corridor

PM Modi laid foundation for 32-storey Metro Bhavan at Aarey Colony, one of the two large green belts of megaplois (even against mounting public criticism). The metro headquarters will be integrated operations and control centre for proposed 14 metro lines in and around Mumbai.

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