Centre to sell its entire stake in Dredging Corporation

Centre to sell its entire stake in Dredging Corporation News: The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of its entire 73.44 percent stake in Dredging Corporation of India to a consortium of four ports. Important Facts: 2. The consortium of four ports are namely Vishakhapatnam Port Trust, Paradeep Port Trust, Jawahar Lal… Continue reading Centre to sell its entire stake in Dredging Corporation

6 airports get Centre’s nod for privatisation; AAI to hold a minor stake

6 airports get Centre’s nod for privatisation; AAI to hold a minor stake News: The government has decided for operation,management and development of six airports through a public-private partnership (PPP) model of six airports. Important Facts: The chosen airports are of  Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. This comes 12 years after Delhi and… Continue reading 6 airports get Centre’s nod for privatisation; AAI to hold a minor stake

Centre eyes seaplanes in UDAN 3

Centre eyes seaplanes in UDAN 3 News: The Centre is inviting bids for connecting selected destinations under the regional connectivity scheme (RCS) leading to seaplanes operating commercial passenger flights in India. Important Facts: Opening the third round of the RCS, the Ministry of Civil Aviation has invited proposals for air routes that include tourist destinations… Continue reading Centre eyes seaplanes in UDAN 3

ICF rolls out Train 18, the NextGen Shatabdi

ICF rolls out Train 18, the NextGen Shatabdi News: India’s first engine-less semi-high speed train named “Train 18” was rolled out recently by the Integral Coach Factory (ICF) here and will eventually replace the Shatabdi Express for inter-city travel. Important News: 2. Features: This is the first long-distance train without separate locomotive (engine) and thus… Continue reading ICF rolls out Train 18, the NextGen Shatabdi

India set to be third largest aviation market

India set to be third largest aviation market News: In its latest 20-year forecast for the aviation industry, the International Air Transport Association (IATA) has revealed that India will be the third largest aviation market globally  in 6 years. Important Facts: 2. India is now expected to be among the top three countries by 2024… Continue reading India set to be third largest aviation market

Our fixation with metro rail projects

Our fixation with metro rail projects News: The article discusses about the viability metro rail system in India with regard to the economic viability and the transportation needs of cities. Important Facts: Metro projects in India: After the first metro project in Kolkata in 1984, India executed its second metro rail project in Delhi in… Continue reading Our fixation with metro rail projects