Narendra Modi Current Affairs

Cabinet approves leasing out six airports through PPP

Union Cabinet chaired by the Prime Minister Narendra Modi has approved leasing out six airports of Airports Authority of India (AAI) for operation, management and development under Public Private Partnership (PPP) in the first phase. This will be done through Public Private Partnership Appraisal Committee (PPPAC).

Union Cabinet also approved constitution of Empowered Group of Secretaries headed by CEO, NITI Aayog with Secretaries of Ministry of Civil Aviation, Department of Economic Affairs and Department of Expenditure to decide on any issue falling beyond scope of PPPAC.

Benefits

PPP in infrastructure projects brings efficiency in service delivery, enterprise, expertise and professionalism apart from harnessing needed investments in public sector. The PPP in airport infrastructure projects has brought world class infrastructure at airports, delivery of efficient and timely services to airport passengers, augmenting revenue stream to AAI without making any investment, etc. of these, for development of Greenfield Airports.

Presently, Delhi, Mumbai, Bangalore, Hyderabad and Cochin airports are being managed under PPP model.PPP airports in India have been ranked among top 5 in their respective categories by Airports Council International (ACI) in terms of Airport Service Quality (ASQ). These PPP experiments have helped to create world class airports and also helped AAI in enhancing its revenues and focusing on developing airports and air navigation infrastructure in rest of the country.

Month: Categories: India Current Affairs 2018

Tags:

Cabinet approves India and Morocco Agreement Mutual Legal Assistance in Civil and Commercial Matters

Union Cabinet chaired by Prime Minister Narendra Modi has approved Agreement between India and Morocco on Mutual Legal Assistance in Civil and Commercial Matters. The Agreement will be beneficial for citizens of both the countries. It will also fulfill desire of both countries to strengthen bonds of friendship and fruitful cooperation in Civil and Commercial matters. It will also enhance co-operation in the service of summons, judicial documents, letters of request and the execution of judgments decrees and arbitral awards.

Salient features of agreement

  • Service of summons and other judicial documents or processes;
  • Taking of evidence in civil matters;
  • Production, identification or examination of documents, recordings;
  • Execution of Letter of Request for taking of evidence in civil matters; and
  • Recognition and enforcement of arbitral awards.

Month: Categories: India Current Affairs 2018

Tags: