Wednesday, 18 February 2015

Daily News Mail - News of 18/02/2015

Phase-II debt relief disbursements may be delayed

  • The implementation of the second phase of the debt redemption scheme may spill over to next financial year giving the complex and time verification process to determine the eligibility of crops loan borrowers as well as financial crunch. 
  • The government has directed officials to only ensure the genuine crop loan borrowers get the benefit of loan waiver.  
  • Total 82.66 account submitted by bankers,in which 40.43 lakh accounts were uploaded in the government portal in the first phase, while the account of 26.77 lakh farmers were cleared for crediting 20 per cent of outstanding loan amount and renewing their accounts. 
  • while a target was set ot process 42.33 lakh account in the second phase, only 25 lakh account were released. 
  • Of this particulars such as Aadhaar number and ration card details were provided for only 14 lakh accounts, and they will be cross-checked with the state Resident Data Hub before crediting part of the outstanding loan amount to eligible accounts.
  • Among those left out in the first phase six lakh crop loan account holders submitted relevant data,of which only one lakh account details have been uploaded so far.
  • Chief minister N. Chandrababu Naidu, however, want the debt redemption to be extended to eligible borrowers in the second phase by February 23. But sources said it was an unrealistic target

Mine auction to ensure cheaper power: Jaitley

  • Union Finance minister Arun jaitley said on Thuesday  that the government policy of reverse auctioning coal mines was much more in the interest of the counrty as it ensured cheaper electricity to the common man in a sustained manner.
  • He was addressing the Global investors at a conference Re-Invest 2015 
  • He told that the process that we are following that are reverse bidding, the of power is going be linked with the rate at which you get the fuel, he told that it is a far more sustainable policy and much more in the interest of the country
  • The Aam Aadmi Party government in Delhi on Monday issued directions to its finance and power departments seeking proposals for the implementation of its key pre-poll promise of slashing power tariff in the capital by 50 per cent.
  • Mr. Jaitley said India was better placed to offer opportunities to investors.

Aero India takes off today

  • Aero India 2015 opens on Wednesday and will be inaugurated by Prime Minister Narendra Modi.
  • Defence Minister Manohar Parrikar will be in attendance, as also his counterparts from the U.S.,Germany, Israel and three other countries. 
  • This time around, Mr. Modi's 'Make in India' speak in the leitmotif that promises small and medium-sized industries a piece of the mega-bucks Indian defence pie.
  • Aero India is a biennial air show and aviation exhibition held in Bangaluru, India at the Yelahanka Air Force Stations. it is organized by Defence Exhibition Organisation ,Ministry of Defences.
  • The Defence ministry of India ,Indian Air Force,Defence Research and Development Organization (DRDO).Department of Space, the Union Civil Aviation Ministry and other such organizations joint hands to organoze the Aero India show,making it the larges air show in Asia
  • The first edition of the air show was held in 1996. During this Aero India Show, many manufacturers and service providers from the India aerospace and aviation industry meet the potential buyers of their products.
  • After 1996, the 4th edition of the air show took place in 2003,about 176 exhibitors from 22 countries all over the world came to grace the show.
  • In the year 2005 ,more than 380 participants came to the Aero India show's 5th edition. in this show many military and civil aircraft as well as aerospace products were displayed.
  • In 2007 Aero India show was held at Yelahanka Air Force Station in Bangalore in Karnataka. 
  • The 7th edition was held from 11 to 15 February 2009, and included 592 exhibitors from over 25 countries. The 8th edition started on 9 February 2011 
  • In recent years, the Aero India has emerged as one of the world's most important and largest military aviation exhibitions. The Mikoyan MiG-35 and F-16IN Super Viper were unveiled for the first time at the 6th and 7th editions of Aero India respectively
  • The 8th edition of the seminar was conducted between 07-09 Feb 2011. The theme was Aero & space Technologies
  • The 9th edition held from 04-06 Feb 2013 was on the theme "Aerospace Products. Challenges in Design to Deployment"
  • 1098 delegates attended the seminar.  

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