Air India Current Affairs - 2020

India forms “Air Bubble” with US, UK, UAE, Germany and France

On July 16, 2020, the Union Civil Aviation Minister Hardeep Singh Puri announced that India is to resume operation of international commercial flights with France and US. Highlights The Government of India has signed agreements with US, UK, France and countries in UAE. Negotiations with Germany is in its final stages. The Ministry of Civil Read More…

Vandhe Bharat Mission: The Biggest Evacuation Exercise begins

On May 7, 2020, the Government of India is to begin “Vandhe Bharat Mission”. The mission is considered as one of the biggest evacuation exercise. Highlights The Vandhe Bharat Mission aims at bringing stranded Indians from all over the world. More than 14,800 Indians are stranded abroad. The mission also aims at operating non-scheduled commercial Read More…

Cabinet Approval: Foreign Direct Investment Policy on Civil Aviation

On March 4, 2020, the Union Cabinet under PM Modi cleared the Foreign Direct Investment Policy on Civil Aviation. According to the policy, 100% FDI is permitted in the air transport services. Earlier only 49% was available for sale to NRIs Benefit The main benefit of the policy is that it will help in divestment Read More…

Public Enterprises Survey: Air India, MTNL, BSNL highest loss makings PSUs in FY19

On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the net profit from the PSUs has increased by 15.5% as compared to the previous year. Highlights The survey said that Indian Oil Corporation, NTPC and ONGC were Read More…

GoI misses its disinvestment target

Government of India misses its disinvestment target as the plan to sell Bharat Petroleum Corporation Limited (BPCL), Air India and Container Corporation of India has not been succeeded. Highlights The Government had planned to sell 53.3% of BPCL, 31% of Concorp as per latest market prices. The Government had set the Disinvestment target of Rs Read More…