Spicejet operates the first biojet fuel flight for the country
flight yesterday between Dehradun and Delhi was special. The flight was
powered by a blend of 75% air turbine fuel and 25% biojet fuel. This
was a first for the country which is looking for ways to cut down fuel
costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel
(ATF) was carried in one of the two engines of the plane, while the
other engine carried only ATF. International standards permit a blend
rate of upto 50% bio fuel with ATF.
Kerala CM appeals to Malayalees at home and abroad to pitch in with a month's salary
Kerala struggles to get back on its feet in the wake of the massive
damage wrought by the worst floods in nearly a century, the state's
Chief Minister Pinarayi Vijayan yesterday urged Malayalees across the
world to pitch in with a month's salary. For those who can't afford to
donate a full month's salary at a go, Vijayan suggested donating three
days' salary for a period of 10 months instead.
Allahabad HC refuses interim relief to power firms from RBI order
Allahabad High Court (HC) yesterday refused to provide relief for
privately-owned stressed power projects from the Reserve Bank of India's
February order. The RBI circular directed lenders to undertake
insolvency resolution of defaulting companies within a strict timeline.
The court has, however, allowed the affected companies to try the legal
route for individual grievances as reported by Business Standard.
Flying drones to be legal in India from December 1
of Remotely Piloted Aircraft System (RPAS) or in common parlance,
drones, will be legal across India from December 1. The Ministry of
Civil Aviation has finalised a national drone policy, and has fixed
parameters - including height - for drone flights. From the outset the
policy outlines No Drone Zones. The regulation defines "No Drone Zones"
as areas around airports, near international border, Vijay Chowk in
Delhi, State Secretariat Complex in state capitals, strategic locations,
vital military installations and such.Owners and pilots will have to be
registered, and permission will be required for each flight. Users will
need to apply for permission on an app and digital permits will be
given instantly through an automated process.
During daytime flights, drones can be flown to a height of up to 400 ft.
Jet Airways plunges into loss of Rs 1,323 crore in Q1
Jet Airways on Monday reported a massive loss of Rs 1,323 crore for the
April-June quarter as high fuel prices, a weakening rupee and low fares
battered the finances of the Naresh Goyal-led airline. This is the
second consecutive quarterly loss for the airline which had posted a
profit of Rs 53.50 crore in the same quarter last year.
Goldman Sachs appoints former RBI adviser Prachi Mishra as chief India economist
investment bank Goldman Sachs today said it has appointed former RBI
adviser, Prachi Mishra, as the Managing Director and chief India
economist. Prior to joining Goldman Sachs, Mishra was the Deputy
Division Chief of the Western Hemisphere Department at the International
Monetary Fund (IMF). Before that, she headed the strategic research
unit at the Reserve Bank of India from February 2016 to May 2017. She
was also a specialist adviser at the RBI between November 2014 and
Arun Jaitley blames NPA woes to 'indiscriminate lending' under UPA
the tug of war between ruling BJP and Opposition Congress over the
higher growth numbers during the latter's tenure, Finance Minister Arun
Jaitley on Monday termed the higher GDP prints and NPA pile to the
indiscriminate lending before and after the 2008 global credit crisis.
He also blamed the bankers for the NPA problem saying while they did
lazy banking during this time by lending to unsustainable projects
Airtel inks partnership with Netflix
major Airtel on Monday said it has partnered with US-based Netflix,
under which its users will be able to pay for the subscription of the
video streaming service as part of their postpaid mobile and broadband
bills. Subscribers of select Airtel Postpaid and V-Fiber Home Broadband
plans will receive a three-month Netflix subscription for free, Airtel