Kautilya

India’s Oceanic Airspace gets An Eye in the Sky for Air Traffic Surveillance

“Prior to the deployment of the Aireon system, aircraft were compelled to fly at uneconomical levels due to the high-traffic and many conflict points at crossing paths, burning extra fuel and resulting in extra expenses for airlines. Now, with more accurate position reporting available throughout the entire region, aircraft are more likely to get preferred flight levels and route changes, alleviating the prior issues,” AAI said in a statement.

FDI limit in Insurance Sector Increased from 49% to 74%

While presenting the Union Budget 2021-22 in Parliament today the Union Minister for Finance & Corporate Affairs, Ms. Nirmala Sitharaman announced that the Government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards.

Covid-19 Lockdown Influenced Local Weather: IITM Study reveals

As a result of the complete lockdown imposed by the Government of India to stop the spread SARS-CoV-2 virus from March 25 to April 14, 2020, the highways and streets of cities became almost empty, devoid of any public transport, and workplaces were closed. People were confined to their homes. This has led to an unprecedented reduction of air pollutants which rejuvenated the atmosphere.

Summary of the Budget 2021-22

The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.

Key Highlights of Union Budget 2021-22

Presenting the first ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India’s fight against COVID-19 continues into 2021 and that this moment in history, when the political, economic, and strategic relations in the post-COVID world are changing, is the dawn of a new era – one in which India is well-poised to truly be the land of promise and hope.