India’s maintenance, repair & overhaul (MRO) landscape is expected to boom with several new players currently waiting in the wings to join the MRO bandwagon, as per Aerospace and Aviation Sector Skill Council (AASSC), a body that manages skill development for the country’s Aerospace and Aviation sector, under the National Skills Development Corporation.Even though the pandemic adversely hit the prospects of India’s aviation sector, t “The union government has been trying to trigger growth in the MRO space by creating a conducive environment,” said Rachit Bhatnagar, CEO, AASSC.“Reducing GST on MROs from 18% to 5% and waiving customs duty on…
Author: Mike Harrison
Hospitality firm OYO on Thursday said the National Company Law Appellate Tribunal (NCLAT) had ordered a stay on the formation of a committee of creditors in proceedings under the Insolvency and Bankruptcy Code against its subsidiary OYO Hotels and Homes Pvt. Ltd. (OHHPL).Earlier, the National Company Law Tribunal (NCLT) had admitted a petition for initiating insolvency proceedings against OHHPL for recovery of ₹16 lakh, an order that the hospitality firm challenged before the appellate tribunal on Wednesday.“Closing @riteshagar’s thread from yesterday – Today NCLAT has admitted our plea and ordered a stay for the formation of COC in IBC proceedings…
Former finance minister P. Chidambaram rebuts Health Minister Harsh Vardhan’s criticism Former finance minister P. Chidamabaram on Thursday came to the defence of the Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government in Maharashtra over the State’s record on vaccination and COVID-19 management.Amidst blame and counter accusations over reported vaccine shortage in Maharashtra that has the highest number of coronavirus cases in the second wave, Mr. Chidamabaram said the State fared much better than other States.“The Centre is targeting Maharashtra on the spread of COVID-19 ignoring hard facts. Maharashtra has vaccinated 80 per cent of healthcare workers. Nearly 20 states are…
The U.S. on Wednesday committed to move remaining forces from Iraq, although the two sides did not set a timeline in what would be the second withdrawal since the 2003 invasion.The first “strategic dialogue” with Iraq under U.S. President Joe Biden’s administration comes as Iranian-linked Shiite paramilitary groups fire rockets nearly daily at bases with foreign troops in hopes of forcing a U.S. exit. The two nations agreed in a videoconference led by Secretary of State Antony Blinken and Foreign Minister Fuad Hussein that Iraqi forces were ready to take on more responsibility.“The parties confirmed that the mission of U.S.…
The official said Dassault Aviation reiterated that it acts in strict compliance with the OECD (Organisation for Economic Co-operation and Development) Anti Bribery Convention and national laws. French aerospace major Dassault Aviation on Thursday rejected fresh allegations of corruption in the Rafale fighter jet deal with India, saying no violations were reported in the frame of the contract.The assertion by the manufacturer of the Rafale jets came days after French publication ‘Mediapart’, citing an investigation by the country’s anti-corruption agency, reported that Dassault Aviation had paid about €1 million to an Indian middleman. “Numerous controls are carried out by official…
“People and administration both seem to have become casual and this has increased our troubles,” the Prime Minister said. Amid growing concerns over vaccine shortage, Prime Minister Narendra Modi on Thursday told Chief Ministers of States that the surge of COVID-19 — crossing peak levels of the first wave — required a firm strategy of “Test, Track and Treat” while seeming to rule out any kind of large scale lockdown. Intensive testing, testing 100% in well-defined micro containment zones, tracing at least 30 contacts of every positive case and ensuring that all eligible people were vaccinated was the strategy required, Mr…
The major news headlines of the day, and more. Rakeshwar Singh Minhas was handed over to local villagers and a group of journalists who acted as mediators to secure his release, a senior Chhattisgarh Police official said.Buses plying between Tamil Nadu and Puducherry, Andhra Pradesh and Karnataka will operate only with seated passengers, according to a State government order.The national weekly COVID-19 positivity rate has increased by 6.21% from 2.19 to 8.40% in the first seven days of March and April, the Health Ministry said.”Currently, the chief minister is asymptomatic. But he is likely to be shifted to the Kozhikode…
The abducted commando was handed over to local villagers. The Central Reserve Police Force (CRPF) commando who was abducted by the Maoists after the April 3 encounter at Tarrem in Chattisgarh’s Sukma was released on Thursday.On the request of the Chattisgarh police, social activists Dharampal Saini, 91, Tellam Boraiah and seven journalists secured the release.The commando, Rakeshwar Singh Minhas is from the Commando Battalion for Resolute Action (CoBRA) of the CRPF, a unit specially trained for operations in Left Wing Extremism (LWE) affected areas. Recalling the events leading to Mr. Minhas’ release, Bijapur-based journalist Ganesh Mishra told The Hindu that he…
The former player, who will turn 48 later this month, posted a statement on Twitter to confirm the development. Former India captain and batting icon Sachin Tendulkar, who was hospitalised as a precautionary measure after testing positive for COVID-19, was on Thursday discharged and is now recuperating in home isolation here. The former player, who will turn 48 later this month, posted a statement on Twitter to confirm the development. “I have just come home from the hospital and will remain isolated while continuing to rest and recuperate. I would like to thank everyone for all the good wishes and…
The integration program will provide funding to help arrivals access housing, education and job The British government said on Thursday it is setting up a 43 million pound ($59 million) fund to help migrants from Hong Kong settle in the country as they escape increasing political repression in the former colony.The offer extends to holders of British National (Overseas) passports who have been offered special visas, opening a path to work, residency and eventual citizenship to up to 5 million of Hong Kong’s 7.4 million people.The integration program will provide funding to help arrivals access housing, education and jobs. Around…