The Delhi High Court today directed the Directorate General of Civil Aviation (DGCA) to file an affidavit as required under the Aircraft Rules on the safety and airworthiness of the A320 Neo planes flying in India. A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar said the affidavit would be signed […]
Day: March 20, 2018
Gains from low oil prices may not last long: Exim Bank
Low oil prices more than offset the negative impact of ballooning imports on India’s macro-economic indicators – trade and current account deficits as well as inflation – and helped the government manage its finances better by reducing fuel subsidies, according to an Exim Bank report. In its latest perspective report, ‘Oil Price and International Trade […]
NAL gets approval for new ‘Next-Gen’ trainer aircraft
Decks have finally been cleared for the development of a ‘Made in India’ next generation ab initio trainer aircraft. Hansa-NG, which is the next generation aircraft of the two-seater Hansa-3 aircraft designed and developed by National Aerospace Laboratories (NAL), has got the in-principle approval from the Council of Scientific and Industrial Research (CSIR). In an […]
Oil prices rise on Middle East tension, falling Venezuela output
Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures were at $62.61 a barrel at 0744 GMT, up 55 cents, or 0.9 percent, from their previous close. Brent crude […]