Current Affairs 2014 Current Affairs
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The stand-off at the Sino-Indian border at Ladakh, which escalated on the eve of Chinese President Xi Jinping’s visit to India was finally resolved when the Indian External Affairs Minister Sushma Swaraj met the Chinese Foreign Affairs Minister Wang Yi in New York, on the sidelines of the UNGA summit. The withdrawal of troops from Ladakh’s Chumar region is set to begin immediately and will be completed by the end of September.
The conflict between the two sides began when some Chinese workers who were building a road on their side of the border, crossed over to the Indian side and claimed that they had orders to construct a road up to Tible, which is around 5 kms into Indian territory. The situation escalated when both sides increased troop presence around that border.
This is not the first instance of border skirmishes overshadowing the visit of Chinese leaders. In 2013, during Chinese Premier Li Keqiang’s visit to India, Chinese troops entered Depsang Valley in Ladakh.
Union government is planning to scrap the 5/20 Rule prevalent in the Indian aviation industry. Thus, Govt. plans to fulfill the demand of a few private airlines that want the rule to be relaxed.
5/20 Rule: As per this rule, a carrier must be 5-year-old and have at least 20 aircraft in its fleet before being permitted to fly abroad.
The UPA-II Government had started the course of scrapping the 5/20 rule but was not able to finish the job. Now, the new Modi government had called a meeting of the CEOs of all the Indian Airlines to look into the matter. In the Meeting, 4 private airlines (Air India, Jet, IndiGo and SpiceJet) requested retention of the 5/20 rule whereas the new airlines of Tatas, one with Malaysian low-cost carrier AirAsia and other with Singapore Airlines, requested the deletion of this rule.