India, Georgia to Study Free Trade Agreement Scope

A high level delegation led by the Minister of Economy and Sustainable Development of Georgia, Mr.Giorgi Gakharia called on the Commerce & Industry Minister Nirmala Sitharaman today on 11th April 2017, ahead of a Joint Statement on the launching of the Joint Feasibility Study on the Free Trade Agreement between the two nations.

Upon the completion of the Joint Feasibility Study the Republic of India and Georgia may proceed to negotiations on an FTA once the internal procedures are completed and the mandates on negotiations are approved.In this regard, the Joint Feasibility Study Group consisting of the officials of the two countries has been established. Joint Secretary, Foreign Trade (CIS), Department of Commerce, Government of India and Mr. Genadi Arveladze Deputy Minister of Economy and Sustainable Development of Georgia would be the leaders, respectively of Indian and Georgian side.

The purpose of establishing the Joint Feasibility Study Group is to provide an opportunity for more in-depth and systematic examination of potential FTA. The Joint Feasibility Study Group shall discuss the possible scope of a potential FTA and analyse the sensitiveness of specific sectors, while recommending possible ways to address them. Both the ministers expressed the hope that the Joint Feasibility Study Group shall issue a report with the relevant analysis and recommendations within a period of six months.

India is having positive trade balance with Georgia. In 2015-2016 the total export from India to Georgia was US$ 82.57 million and import from Georgia was US$ 24.47 million.During the period April -February 2016-2017 India’s export to Georgia stood at about US$ 83 million as compared to US$ 73 million April-February 2015-2016 and import from Georgia stood at US$ 28 million as compared to US$ 24 million in April-February, 2015-2016.

Both the countries expressed their confidence that the Joint Feasibility Study will further contribute to the mutually beneficial cooperation of the partners and bring it to a new level.

UK and US Share Similar Mindset? How?

UK and US share a similar mindset when it comes to horizontal drilling for shale energy, say Cardiff University researchers and colleagues. Though an entire ocean separates the UK from the US, when the issue of fracking arises, the great divide — philosophically speaking — narrows considerably.

Concerns about short-term and long-term impacts of horizontal drilling for shale energy are prevalent in both countries. According to a new study by Cardiff University researchers and colleagues, key issues include the risk of water contamination as well as preferences for renewable energy sources over fossil fuels to meet national energy needs.

“This — and other research we have conducted — shows that the public in both countries clearly want a move toward a cleaner, more sustainable energy system in the future,” said corresponding author Nick Pidgeon, a professor of environmental psychology at Cardiff University. “The results confirm that shale development is not compatible with that vision.”

Shale gas and oil production in the US has increased rapidly in the past decade, and the UK government is interested in potential development. Understanding public views is a crucial first step in creating more informed energy debates and promoting better decision-making.

The researchers held a series of carefully formatted, daylong deliberation workshops with diverse members of the public in four cities: London, Cardiff, Los Angeles and Santa Barbara. These in-depth discussions enabled the investigators to look beyond existing evidence on public views about hydraulic fracturing based primarily in already impacted areas.

“The results showed that shale development was widely seen as a short-term fix leading to an unwanted dependency on finite fossil fuels at the expense of renewables development,” said co-author Merryn Thomas, a research associate at Cardiff University. “Participants in both countries noted that the majority of proposed benefits, such as specialized jobs of limited duration, would be relatively short-term, while the risks, such as environmental degradation, would almost certainly be longer.”

The study found that those surveyed viewed potential impacts as inequitably distributed, arguing that the economic and employment benefits attributed to shale development were not unique and would apply equally to significant investment and scaling-up of renewable technologies.

Different concerns in the two countries reflected different models of governance of extractive industries. In the US, some participants wanted more standardized federal guidelines and long-term accountability. Conversely, in the UK, where regulation is predominantly at the national level, there were calls for more local control. Regardless of location, participants expressed deep-seated distrust of government and institutions.

In California, past and current experiences with the regional oil industry minimized concern for some about future shale development. However, for others, personal experiences of water shortages and earthquakes amplified this sense of risk. In the UK, where onshore oil and gas extraction is less common, participants drew on tangential experiences of coal and heavy industries when making sense of what shale development might mean for them in the future.

“This study found surprisingly high levels of environmental and societal concern about hydraulic fracturing in areas with no direct experience with the technology,” said co-author Barbara Harthorn, director of the CNS and a professor in the Department of Anthropology at UCSB. “This method provides strong evidence that diverse members of the public are able to weigh in thoughtfully and critically about local and collective energy system decisions and their impacts.”

The main funding for this research was provided by the National Science Foundation with supplemental support from the European Union’s Horizon 2020 research and innovation program.

Drawing on more than a decade of research developed by Cardiff University and University of California Santa Barbara Center for Nanotechnology in Society (UCSB-CNS) in the US, this is the first qualitative, interdisciplinary, cross-national study of UK and US public perceptions of shale extraction. The results appear in the journal Nature Energy.

South Asia SASEC Program of ADB Expands with Myanmar Joining as 7th Member

South Asian Subregional Economic Cooperation (SASEC) program of Asian Development Bank (ADB) has expanded with the inclusion of Myanmar aas the 7th member in 2017.

Shaktikanta Das, India’s finance secretary said on the occasion that Myanmar is key to realizing greater connectivity and stronger trade and economic relations between the SASEC sub-region and the countries of East and Southeast Asia. Myanmar’s membership in SASEC can offer a host of opportunities for realizing synergies from economic cooperation in the sub-region, he noted.

SASEC member countries are focusing on connectivity initiatives including Myanmar as road corridors in Myanmar provide the key links between South Asia and Southeast Asia. Ports in Myanmar will provide additional gateways to the landlocked North Eastern region of India and even Bangladesh can explore the potential of economic energy in the sub-region.

SASEC’s energy connectivity and energy trade prospects will be enhanced with the inclusion of Myanmar, involving its substantial resources of hydropower and natural gas. Moreover, developmental impacts of economic corridor in the SASEC sub-region will be maximized by exploring potential synergies with corridors in Myanmar that are linked to those in other Southeast Asian countries.

Myanmar was accorded an observer status of SASEC in 2013 when ADB’s annual meeting was held in Noida, India. Myanmar has been participating in annual SASEC Nodal Officials’ meetings as an observer since 2014. It was invited by the participating countries of SASEC countries to become a full member in 2015.

The SASEC program was formed in 2001 in response to the request of the four countries of South Asia – Bangladesh, Bhutan, India and Nepal – from ADB to assist in facilitating economic cooperation among them as part of the South Asia Growth Quadrangle (SAGQ), formed in 1996.

As a project-based partnership, the SASEC program has been helping realize regional prosperity by enhancing cross-border connectivity, facilitating faster and more efficient trade and promoting cross-border power trade. Maldives and Sri Lanka joined SASEC in 2014, further expanding opportunities for enhancing economic linkages in the sub-region.

India Signs 7 MoUs, Malaysia PM Razak Meets PM, President

Malaysian Prime Minister Mohd. Najib Bin Tun Abdul Razak called on President of India Pranab Mukherjee at Rashtrapati Bhavan today, April 1, 2017, as part of his state visit, reciprocating PM Narendra Modi visit to Malaysia in November 2015.

Welcoming PM Razak, the President said relations between India and Malaysia are centuries old and is best ever so far. The two countries have taken their strategic partnership forward, particularly after the state visits at a time when India and Malaysia are celebrating the 60th anniversary of India-Malaysia diplomatic relations.

Malaysia would like to achieve a target of US $15 billion bilateral trade by 2020 with India and as part of it, both countries signed seven MoUs in New Delhi. “Infra has been an area of fruitful partnership between us but we can do much more,” said PM Modi. “We are also converging efforts aimed at food security that are linked to well being of our farmers.”

Malaysian PM also referred to defence and strategic ties saying, “Defence and strategic partnership will be very important for us to fight global terrorism,militancy,extremism,that includes fight against IS.”

Both leaders focused on issues, including terrorism, bilateral as well as commercial agreements.

India ‘Reactivates’ Its Association Status with IEA

India has reactivated its association status with the world energy body International Energy Association and said both will work in the areas of mutual interests, including capacity building to meet supply side disruptions.

Minister of State for Petroleum and Natural Gas Dharmendra Pradhan met Dr Fatih Birol, Executive Director of IEA on Thursday jointly with Minister of State for Power, Coal & New and Renewable Energy and Mines Piyush Goyal. Dr Birol is visiting India to jointly announce the Activation of ‘Association Status’ of India with IEA.

During the meeting, Pradhan welcomed the elevation of India’s relationship with IEA from Partnership Status (2013) to Association Status and vowed to work towards balancing the global Energy Dynamics reflecting today’s global realities.

India and IEA have an MoU since 2011 under which both are working on capacity building to respond to an oil emergency situation. With the Association Status in place, both India and IEA will work in the areas of mutual interests pertaining to Oil and Gas sector, including capacity building to meet supply side disruptions.

IEA is a Paris based autonomous organisation established in 1974 to ensure reliable, affordable and clean energy for its 29 member countries by coordinating collective response to major disruptions in oil supply through release of oil stocks into the global markets.

Indian Army Chief Visits Nepal and Bangladesh

Indian Army Chief General Bipin Rawat is visiting Nepal and Bangladesh from 28 March to 02 April 2017 on his first foreign visit after assuming office.

Gen Rawat will be visiting important military installations and meeting high ranking dignitaries including the Prime Minister, Defence Minister and the Chief of Army Staff. The delegation will also visit Nepalese Army Mountain Warfare School at Jomsom and the Pension Paying office at Pokhra where the COAS will address the Indian Army ex-servicemen of Nepalese origin.

The visit to Nepal assumes importance as the President of Nepal will confer the title of “Honorary General of the Nepalese Army” to the COAS at a special investiture ceremony on 29 March 2017. This historic tradition is a reciprocal arrangement that is continuing uninterrupted since its inception in 1969 and has been a hallmark of the special relationship between the Indian and the Nepalese Army. General Rajendra Chettri, the Chief of Army Staff of Nepalese Army was conferred the title of “Honorary General of the Indian Army” on 03 February 2016, during his first visit to India after assuming office.

Nepal visit will be followed by a visit to Bangladesh, where COAS will be meeting the President, the Prime Minister and the Chief of Army Staff of Bangladesh Army. The delegation will also visit Headquarters of an Infantry Division and Armoured Corps Centre at Bogra. This visit will help strengthen mutual trust with immediate neighbourhood particularly in the field of defence cooperation.

First Time India Becomes Net Exporter of Electricity

India’s Central Electricity Authority for the first time has turned around from a net importer of electricity to Net Exporter of electricity in 2016-17.

During the current financial year 2016-17, as of February, India has exported around 5,798 Million Units to Nepal, Bangladesh and Myanmar which is 213 Million units more than the import of around 5,585 Million units from Bhutan, said a statement. Export to Nepal and Bangladesh increased 2.5 and 2.8 times respectively in last three years, it noted.

Ever since the cross border trade of electricity started in mid-80s, India has been importing power from Bhutan and marginally exporting to Nepal in radial mode at 33 kV and 132 kV from Bihar and Uttar Pradesh. On an average Bhutan has been supplying around 5,000- 5500 Million units to India.

India had also been exporting around 190 MW power to Nepal over 12 cross border interconnections at 11kV, 33kV and 132 kV level and export to Nepal increased by around 145 MW with the commissioning of Muzaffarpur (India)– Dhalkhebar(Nepal) 400kV line (being operated at 132 kV) in 2016, said the government.

Export of power to Bangladesh from India got further boost with the commissioning of 1st cross border Interconnection between Baharampur in India and Bheramara in Bangladesh at 400kV in September 2013, which was augmented by commissioning of 2nd cross border Interconnection between Surjyamaninagar (Tripura) in India and South Comilla in Bangladesh. Currently, around 600 MW power is being exported to Bangladesh.

Export of power to Nepal is expected to increase by around 145 MW shortly over 132 kV Katiya (Bihar)– Kusaha (Nepal) and 132 kV Raxaul (Bihar)– Parwanipur (Nepal) and a few more cross border links with neighbouring countries are in pipe line, said the government agency.

Third Protocol of Amended India-Singapore DTAA Comes into Effect

The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016, has come into force on 27th February 2017, said a statement.

The India-Singapore DTAA currently provides for residence based taxation of Capital Gains of shares in a company. The Third Protocol amends the DTAA with effect from 1st April, 2017 to provide for source based taxation of capital gains arising on sale of shares in a company.

This will curb revenue loss, prevent double non-taxation and streamline the flow of investments and to provide certainty to investors, investments in shares made before 1st April, 2017 have been clubbed subject to fulfillment of conditions in Limitation of Benefits clause as per 2005 Protocol, said the statement.

Further, a two-year transition period from 1st April, 2017 to 31st March, 2019 has been provided during which capital gains on shares will be taxed in source country at half of normal tax rate, subject to fulfillment of conditions in Limitation of Benefits clause.

The Third Protocol also inserts Article 9(2) in the DTAA which would facilitate relieving of economic double taxation in transfer pricing cases. The taxpayer friendly measure is in line with India’s commitments under Base Erosion and Profit Shifting (BEPS) Action Plan to meet the minimum standard of providing Mutual Agreement Procedure (MAP) access in transfer pricing cases, it said.

The Third Protocol also enables application of domestic law and measures concerning prevention of tax avoidance or tax evasion.

Delegates for Commonwealth Auditors General Conference Meet President

The delegates participating in the Commonwealth Auditors General Conference called on the President of India, Mr Pranab Mukherjee today (March 23, 2017) at Rashtrapati Bhavan.

Speaking on the occasion, the President expressed happiness that the multilateral forum of Auditors General of Commonwealth countries has met in India this year to discuss contemporary issues of relevance to the member Supreme Audit Institutions (SAIs). He said that audit being a knowledge based activity, such interactions, sharing of knowledge, experiences, best practices would be mutually beneficial to all members of SAI.

The President said that in India, the office of the CAG has been established by the Constitution of India. Government Audit plays an important role in the scheme of parliamentary financial control.

The President said that it is praiseworthy that the delegates are engaging in fruitful deliberations on two very relevant contemporary themes, chosen for this Conference i.e. leveraging technology and environment audit. On global and national level – technology and environment have become the key drivers for formulating strategies to address a host of issues.

Technology has enabled faster communication, easy access to knowledge and information and facilitated efficient delivery of public services to citizens. Environment degradation and climate change along with their debilitating impact on our well being and of future generations are global concerns.

Such concerns have led to positive action in the nature of Paris Agreement and other global treaties. Environment not only affects our well-being, its degradation threatens the very existence of several small island nations.

Given the importance of technology and environment in today’s world, the SAIs will have to remain in the forefront in these fields. They have an important role to play in ensuring that the nations meet their commitments on environment treaties and leverage technology to provide high quality services to the citizens.

The President hoped that the exchange of views and sharing of experiences at the Conference would help in providing future guidance not just to Commonwealth Countries but many other countries of the world.

India Still Ranks 131 in Human Development Index: UN Report

The UN ‘Human Development Report 2016′, released on Tuesday by the United Nations Development Programme (UNDP), placed India at 131 rank out of 188 countries in the global index.

The low rank for India shows how our liberalization has failed to uplift the condition of one third of the population. On health front, the overall life expectancy at birth grew by more than 10 years from the 1990 level, but on women’s empowerment, it remains the most basic challenge to deal with.

Since development is a multidimensional achievement, merely creating wealth in the country will not trickle down to a widespread wealth among the poeple. Basic conditions of housing, water, education, health and justice should be focused equaly to gain a better rank in the Human development Index and India is far away from achieving it.

As Selim Jahan, lead author of the report, said, “In order to advance, we need to examine more closely not just what has been achieved, but also who has been excluded and why.”

The index takes into account the period under both BJP, Congress and again BJP rule at the Centre from 1990 to 2015, in fact one-and-a-half year Modi’s rule as well. So, no political party can pass the buck on the other but retrospect the implications of such a low ranking, which has the potential to unleash both social unrest and political uprising in the future unless addressed immediately.

“Leaving no one behind needs to become the way we operate as a global community. In order to overcome the barriers that hamper both human development and progress towards the Sustainable Development Goals, inclusiveness must guide policy choices,” said Swedish PM Stefan Löfven.

UNDP Administrator Helen Clark said, “The world has come a long way in rolling back extreme poverty, in improving access to education, health and sanitation, and in expanding possibilities for women and girls. But those gains are a prelude to the next, possibly tougher challenge, to ensure the benefits of global progress reach everyone.”

Selim Jahan said there is a systemic discrimination against women, indigenous peoples and ethnic minorities, among others. The report notes that disadvantages disproportionately affect some groups.

India Unhappy? So is it, Says UN Report

 

Money is not the sole reason to be happy but India cannot bask upon its social cohesiveness and
political leadership as the World Happiness Report 2017 has put it in 122nd rank, behind
Pakistan and Nepal. It has also jumped from 118 last year to 122 this year.

The report, released on Monday at the United Nations, ranked 155 countries and Pakistan was
surprsingly at 80th position, Bhutan at 97, Nepal at 99, Bangladesh at 110 and sri Lanka at
120th position.

The top ten nations are of course the Scandinavian countries followed by Canada, New Zealand and
Australia. Here is the list of top 10 Happiness Nations:

HAPPIEST COUNTRIES
1. Norway 7.54
2. Denmark 7.42
3. Iceland 7.5
4. Switzerland 7.49
5. Finland 7.47
6. Netherlands 7.38
7. Canada 7.32
8. New Zealand 7.321
9. Australia 7.28
10. Sweden 7.28

Here is the list of least happiness countries:

146. Yemen 3.59
147. South Sudan 3.59
148. Liberia 3.53
149. Guinea 3.51
150. Togo 3.49
151. Rwanda 3.47
152. Syria 3.46
153. Tanzania 3.35
154. Burundi 2.91
155. Central African Republic 2.69

Norway is the top most this year surpassing Denmark that topped it last year. The trend to study
happiness began in 2013 when the US National Academy of Sciences issued a report recommended
questions on happiness. The United States is ranked 14.

However, the report has brought to light the misery of people behind mental illness which has a
lot to do with happiness and not merely money. “Differences in mental health, physical health
and personal relationships (is) the biggest single source of misery is mental illness,” the
report said.“Income differences matter more in poorer countries, but even their mental illness
is a major source of misery,” it said.

“What works in the Nordic countries is a sense of community and understanding in the common
good,” said Meik Wiking, CEO of the Happiness Research Institute in Copenhagen, who wasn’t part
of the global scientific study that came out with the rankings.

The rankings are based on GDP per person, healthy life expectancy, social support, their freedom to make their own life choices, their sense of corruption in society and generosity.

French Former President Sarkozy Meets Modi

Mr. Nicolas Sarkozy, former President of France, met Prime Minister Narendra Modi on Saturday and congratulated him for the success of “demonetization”.

The Prime Minister congratulated Mr. Sarkozy on the publication of his latest book, “Tout pour la France”. The two leaders discussed regional and global issues of mutual interest.

India’s relations with France have seen a spur in recent period with the Union Cabinet approving the signing of the Memorandum of Understanding (MoU) of Cooperation between Technology Development Board (TDB), Department of Science & Technology, Govt. of India and Bpifrance, a Public Investment Bank, France.

The agreement will ensure exchange of best practices and setting up of coordinated measures to foster technological exchanges in the field of Science, Technology and Innovation through collaboration between companies, organizations and institutions of France and India.

The agreement aims to carry out activities related to exchange of best practices in the field of Science & Technology through the Technology Development Board and Bpifrance.

Last year, France designated its French public utility Electricite de France (EDF) to take control of AREVA NP and would be the single entry point for Indian side on all matters related to nuclear power projects to be setup at Jaitapur, Maharashtra.

Nuclear Power Corporation of India Limited (NPCIL) has entered into an MoU with EDF for implementation of six Evolutionary Pressurised Reactor (EPR) units at Jaitapur, Maharashtra together with associated fuel, fuel services and other services.

India Signed Air Services Agreements or Drafts with 114 Countries So Far

India has so far signed and initiated Air Services Agreement with 114 countries and latest one was with Rwanda, signed on 20th February 2017 at Kigali, informed Minister of State for Civil Aviation Jayant Sinha in written reply to a question in Lok Sabha on Wednesday.

The Air Services Agreements between India and other countries have the potential to spur greater trade, investment, tourism and cultural exchange and help rejunevate the civil aviation sector, he said.

The agreements enable an environment for enhanced and seamless connectivity, while providing commercial opportunities to the carriers of both the sides ensuring greater safety and security.

The same was discussed when the Deputy Foreign Minister of Afghanistan Mr. Hikmat Karzai visited India on Wednesday on the sidelines of the International Counter Terrorism Conference. Both sides discussed among others Air corridor for trade between Afghanistan and India.

Usually the Air Services agreements provide for both countries to designate one or more airlines with the right to establish offices in the territory of the other country for the promotion end sale of air services.

The designated airlines will have fair and equal opportunity to operate the agreed services on specified routes and they can enter into cooperative marketing arrangements with the designated carriers of same party, other party and third country.

Indian Railways Increasing Foreign Collaborations for High Speed Trains, Travel

Ministry of Railways have signed the Memorandum of Understanding (MoU), Memorandum of Cooperation (MoC), Joint Declaration of Intent (JDI), and Protocol with the following foreign Ministries and Railways for Technical Cooperation in Railway Sector, said Minister of State for Railways Rajen Gohain in a written reply to a question in Rajya Sabha on 17.03.2017 (Friday).

The agreements include cooperation areas such as High Speed Railway, Station Development, Speed Raising, Modernization of rolling stock, modernization of infrastructure, development of logistic parks and freight terminals, safety in train operations among others, said the minister. Here is a full list of agreements with foreign countries:

•    National Railway Administration of the Government of the People’s Republic of China.
•    RENFE-OPERADORA and ADIF of the Kingdom of Spain.
•    Ministry of Land, Infrastructure and Transport of the Government of the Republic of Korea.
•    French National Railways (SNCF).
•    Department of Transport of Canada.
•    Kazakhstan TemirZholy.
•    Ministry of Transport, Construction and Regional Development of the Slovak Republic.
•    Department for Transport of the Government of the United Kingdom of Great Britain and Northern Ireland.
•    Research Design and Standards Organization (RDSO), India and Railway Technical Research Institute (RTRI), Japan.
•    Ministry of Land, Infrastructure, Transport and Tourism of Japan.
•    Government of Japan.
•    Czech Railway (CESKE DRAHY) of the Czech Republic and Association of Czech Railway Industry (ACRI).
•    Joint Stock Company “Russian Railways” .
•    Ministry of Enterprise and Innovation of the Kingdom of Sweden.
•    Federal Ministry of Transport and Digital Infrastructure of the Federal Republic of Germany.
•    DB Engineering & Consulting GMBH of Germany for Technological Cooperation.
•    Ferrovie Dello Stato Italialiane S.P.A. of the Republic of Italy.

Sports Minister Vijay Goel addresses Global Millennium Summit at Dubai

Indfia’s current youth policy, launched in 2014, proposes a holistic ‘vision’ for the youth of India, to empower youth of the country to achieve their full potential, and through them enable India to find its rightful place in the community of nations, said Minister of State for Youth Affairs and Sports Vijay Goel at the Global Millennium Summit, Dubai on 18 March 2017.

Speaking at the Global Millennium Summit 2017 organised by the students of Shri Ram College of Commerce (SRCC) in Dubai, the minister said Dubai is fast emerging as the hub of business, trade and innovation and the pivot of the different cultures of the world.

“Today’s youth is full of spark. They have the courage which is inexplicable, they are dynamic, they have written their fate themselves. They have the key to the lock and they are the only ones who can set the caged bird free… They are everywhere; every corner of the world, their reach is phenomenal,” he said.

He said India’s Youth Organizations — Nehru Yuva Kendra Sangathan (NYKS) and National Service Scheme (NSS), besides the Rajiv Gandhi National Institute of Youth Development (RGNIYD) have played vital role in promoting Youth affairs and activities, he noted.

This Year a number of schemes will be initiated under an umbrella scheme of Rashtriya Yuva Sashaktikaran Karyakram with the objective of developing leadership qualities among the youth, and another Central Sector Scheme, National Young Leaders Programme (NYLP), introduced in 2014-15, is being run by the Ministry, he said.

First Airbus Training Centre in Asia to be Set up in India

European aviation firm Airbus is setting up a greenfield training facility at Aerocity, New Delhi, to support India’s growing need for Airbus aircraft pilots and maintenance engineers and the ground-breaking for it was performed by Aviation Minister P. Ashok Gajapathi Raju on Thursday.

Speaking on the occasion, Tom Enders, CEO, Airbus said the training centre will be the first such facility fully owned by us in Asia. India is the fastest growing domestic aviation market in the world and is expected to continue to grow at an annualised 9.3% over the next 20 years, outpacing the world average of 4.6%.

The number of trips per capita in India is expected to quadruple by 2035 due to a combination of economic and demographic factors, and Airbus forecasts a requirement for at least 1,600 new passenger and freighter aircraft by 2035. The consequent increase in Indian in-service aircraft fleet will lead to an accompanying need for over 24,000 new pilots and maintenance engineers.

The almost 7000 m2 Airbus India Training Centre will be built in a modular concept in order to become operational by end-2018 with two A320 full flight simulators, increasing to four and potentially to six simulators in due course, he informed.

It will start with an initial capacity to train over 800 pilots and 200 maintenance engineers annually. The centre will cater primarily to Airbus operators in India and the region. Airbus has more than 250 aircraft in service in India and over 570 are on order by Indian airlines.

Indian Minister for Civil Aviation Ashok Gajapathi Raju said that India’s rapidly growing passenger aircraft fleet must be matched by adequate availability of skilled pilots and maintenance engineers.

Airbus’ pilot and maintenance engineering training center is the type of facility which will help augment the talent pool of such personnel and thus be a force multiplier for the Indian aviation sector, he said. He has asked Airbus to think of creating MRO facility in India to.

ISRO Earned $4.5 Million, 76.5 Million Euros in Last 2 Years

Indian Space Research Organisation’s commercial arm Antrix Corporation Limited (Antrix) has earned a foreign exchange of 76.5 Million Euros and $4.5 Million from foreign countries through launching of their satellites on-board PSLV.

Union Minister of State (Independent Charge) for Space Jitendra Singh in written reply to a question in Rajya Sabha on Wednesday, March 15, 2017, informed the House that the spare capacity available onboard PSLV, after meeting the national requirements, is provided for commercial launch services.

He said ISRO will continue to make available the spare capacity available on its launch vehicles for commercial launch services through Anrix.

Indian Space Research Organization (ISRO) on February 15, 2017, successfully launched 104 satellites, in a single launch, onboard India’s Polar Satellite Launch Vehicle “PSLV-C37’ on February 15, 2017 from Satish Dhawan Space Centre (SDSC), Sriharikota.

These satellites include- (i) India’s Cartosat-2 Series Satellite (weighting 714kg) as primary payload, (ii) two Indian Nano-Satellites viz. INS-IA&IB(together weighing 18.1 kg) and (iii) 101 foreign nano-satellites together weighing 645.9 kg) from six counties as co-passengers.

This was the 38th successful PSLV mission in a row, which has once again demonstrated the versatility and reliability of the PSLV vehicle. While PSLV has already established itself as a preferred launch vehicle, in its class, in the global satellite market.

“This mission is expected to further strengthen the commercial footprint of PSLV in the global market for launch services, especially for smaller satellites,” said the minister.

Payza India Launches App for Online Bills Payment

London-based Payza, an online payment platform, has launched an online Utility Bill Payments service for Indian customers after teaming up with India’s household utility and telecommunications service providers such as Airtel, Tata Sky, Tata Docomo, Vodafone, Reliance, DishTV, MTNL, BSNL, and others.

The Payza Utility Bill Payments option is available through the Payza Android App that enables users to securely link their television, internet, mobile, and landline phone accounts within their Payza account, to pay bills and track their payment history.

Along with telecom services, Payza India customers can also pay gas and electricity bills directly from their Payza account. The service is tied in with the major gas and electric providers for each state, including BSES in Delhi, BEST Undertaking in Mumbai, and India Power. Insurance providers, such as Bharti Axa, ICICI Prudential, IndiaFirst and Tata AIA, can also be paid through this new feature.

“Up until demonetization, where 500 and 1,000-rupee notes were scrapped by the government, more than 90% of all transactions in India were made in cash,” explained Firoz Patel, Global Executive VP for Payza.

“While this was a much needed move in the fight against money laundering, counterfeiting and the black market, the average Indian consumer was left scrambling for ways to pay for everyday items like their gas and internet bills. With the launch of Payza’s online bills payment app, we’ve given our Indian customers a complete digital payments experience. The Payza App and e-Wallet are perfect companions to the new reality in India.”

In 2016, Payza announced Indian Rupee (INR) support on its platform, allowing members to add and withdraw funds in Rupees, and make online transactions using the local currency. Indian Payza members can also receive foreign currency in their Payza e-Wallet accounts and withdraw those funds as Rupees to their bank account.

Indonesian Security Minister Visits Delhi

An Indonesian delegation led by the Coordinating Minister for Political, Legal and Security Affairs, General (Retd.) Wiranto held talks with Minister of State for Home Affairs Kiren Rijiju in New Delhi on Wednesday, March 15, 2017.

Since both India and Indonesia have world’s largest Muslim populations, in a democratic set-up and common cultural and social ties, Rijiju said India is keen to consolidate its partnership with the largest nation in South East Asia and also strengthen its ties with the ASEAN bloc.

Both leaders shared concerns on tackling fundamentalism, extremism and the threat posed by radicalization and the ISIS. Recalling his visit to Bali for the International Meeting on Counter-Terrorism in August 2016, Rijiju said he was impressed by Indonesia’s handling of the threat of the ISIS.

Both the Ministers expressed hope that they can deepen their cooperation on counter terrorism and share intelligence and coordinate in cyber security issues. Rijiju also noted Indonesia’s key role in the ASEAN and appreciated its strong commitment to regional peace and security.

Ambassador Venkatesh Varma Accredited to Andorra in Spain

IFS Officer of 1988 batch Mr. D. Bala Venkatesh Varma, currently Indian ambassador to Spain has been accredited as the next Ambassador of lndia to the Principality of Andorra, with residence in Madrid.

“He is expected to take up his assignment shortly,” said a press release of the External affairs Ministry. Mr. Varma earlier served in several capacities, including the assignments at the United Nations. He became Indian ambassador to Spain on January 19, 2017 officially.

Active in academic and business meetings around Madrid, Mr. Varma met with the Vice-president of CEOE and chairman of the International Relations Committee, Joaquim Gay de Montellà, on 7th March 2017 at the headquarters of the Business Confederation.

Among the areas he discussed include sectors of potential collaboration such as infrastructure, renewable energy, tourism, digital banking, Smart cities, railways, food processing, machinery, water management, information technologies or the pharmaceutical sector, among others, and to strengthen the overall trade and business relations between India and Spain.