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Air India Places Record-Breaking Order for 840 Planes with Airbus and Boeing

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Air India Places Record-Breaking Order for 840 Planes with Airbus and Boeing
(Representational Image)

Tata Group-owned Air India has made a huge investment by placing an order for 840 planes with Airbus and Boeing, marking a major milestone in Indian aviation history. This is one of the largest aircraft orders by an airline in modern aviation history, which will transform Air India into a world-class airline.

The Air India order consists of 470 firm aircraft, 370 options and purchase rights to be procured from Airbus and Boeing over the next decade. This is a remarkable step that demonstrates the vision and aspiration of Tata Group to transform Air India into a world-class airline.

Air India’s Chief Commercial and Transformation Officer Nipun Aggarwal says the order is a “landmark moment” in the history of Air India and Indian aviation. The order has generated excitement across the world, and it will unleash tremendous economic potential and create more opportunities for the Indian aviation industry.

The Airbus firm order comprises 210 A320/321 Neo/XLR and 40 A350-900/1000, while the Boeing firm order comprises 190 737-Max, 20 787s and 10 777s. The first A350 plane will be delivered to the airline by the end of this year.

Air India has also signed up for long-term maintenance of the engines with CFM International (CFM), Rolls-Royce and GE Aerospace. This will ensure the planes operate smoothly and with high reliability, which is essential for a world-class airline.

The Air India order marks the first time in more than 17 years that Air India has ordered planes. This shows the airline’s renewed commitment to providing quality service to its customers and being a leading player in the Indian aviation market.

The Indian airline industry is poised for expansion, with more than 1,100 planes on order by various domestic carriers. This underscores the growing importance of the aviation industry to the Indian economy, which is set to become the world’s third-largest aviation market by 2025.

The Air India order also reflects the deepening ties between India and France. The Indian Prime Minister Narendra Modi described the Air India-Airbus transaction as a “landmark deal,” while US President Joe Biden welcomed the landmark agreement between Air India and Boeing as a shining example of mutually beneficial cooperation.

Air India’s order for 840 planes is a testament to the tremendous economic potential unleashed by the Air India privatisation. The Tata Group’s investment in Air India will help create more jobs and foster innovation in the Indian aviation industry.

Air India’s ambitious order will connect India “non-stop” to every major city in the world. This will help boost trade and tourism, as well as strengthen India’s position as a global economic powerhouse.

The Air India order also underscores the importance of sustainable aviation. The A320/321 Neo/XLR and A350-900/1000 planes are more fuel-efficient and emit less CO2, while the 787 and 777 planes have advanced technologies that reduce noise pollution.

Air India’s order for 840 planes will also help bridge the gap in air connectivity between major cities in India and other parts of the world. This will enable Indian businesses to access new markets, as well as promote cultural exchange and people-to-people ties.

The order is a major boost for Airbus and Boeing, which are facing stiff competition from emerging players in the aviation market. This will help them maintain their market share and invest in new technologies that will help them stay ahead of the curve.

Air India’s order for 840 planes is a major investment that will take years to materialize. However, it is a strategic move that will help the airline and the Indian aviation industry to grow and prosper in the long run.

The Air India order also highlights the importance of public-private partnerships in driving economic growth. The Tata Group’s investment in Air India is a clear

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Karnataka

Karnataka Council Passes FAR Amendment Bill

Karnataka Council approves FAR Bill amidst uproar. Premium FAR capped at 0.4%, Transferable Development Rights at 0.6%.

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Karnataka Council Passes FAR Amendment Bill
(Deputy Chief Minister DK Shivakumar | File Photo PTI )

The Legislative Council approved the bill enabling the sale and purchase of premium Floor Area Ratio (FAR) despite the BJP members staging a walkout during the session on Thursday.

Presented by Deputy Chief Minister DK Shivakumar, who oversees Bengaluru City Development, the Karnataka Town and Country Planning (Amendment) Bill 2024 received passage in the Council after its prior approval in the Assembly. This legislation permits developers to augment building floors by acquiring additional FAR through a fee payment equivalent to 40% of the guidance value, as sanctioned by local planning authorities. Furthermore, the bill sanctions the sale of FAR.

According to Shivakumar, the inclusion of premium FAR provision is anticipated to augment the revenues of local planning authorities, enabling investment in developmental endeavors. The premium FAR allotment is capped at 0.4%, with Transferable Development Rights limited to 0.6%.

The bill mandates that the proceeds from premium FAR fees be allocated towards land acquisition and the enhancement of basic amenities. Presently, FAR determination hinges on factors like road width, zoning regulations, and other pertinent parameters.

Expressing concerns, BJP MLCs cautioned against potential traffic congestion arising from the proliferation of buildings due to additional FAR. They proposed referring the matter to a select House committee for comprehensive deliberation, while some members advocated for an in-depth discussion before tabling the bill.

Shivakumar defended the legislation, asserting its simplification aimed at benefiting all stakeholders and bolstering the revenues of local planning authorities. He underscored that the previous BJP administration under Basavaraj Bommai had intentions to amend this law.

“We’ve introduced certain amendments to the law. Premium FAR has been operational in Mangaluru for some time now, generating approximately Rs 3,000 crore in additional revenue over the past six years. This amendment extends the same benefit to the entire state,” remarked Shivakumar.

However, BJP members opposed the bill and subsequently staged a walkout from the Council.

In addition, the Council ratified the BBMP Property Tax Amendment Bill, which previously received approval in the Assembly.

Shivakumar elucidated that the bill aimed to rectify an oversight from the previous government, which led to substantial penalties on property owners. He highlighted that the 15th Finance Commission stipulated the release of grants contingent upon property tax aligning with the guidance value, necessitating the introduction of this amendment bill.

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Karnataka

Forest personnel in Karnataka search for leopard, find dog

Forest officials in Rajarajeshwari Nagar were on high alert on Monday and Tuesday in response to reports of leopard sightings from concerned residents.

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Forest personnel in Karnataka search for leopard, find dog
(Representational Image)

Forest officials in Rajarajeshwari Nagar were on high alert on Monday and Tuesday in response to reports of leopard sightings from concerned residents. However, their efforts were met with an unexpected discovery. Despite the urgency of the calls, upon investigation, officials determined that the alleged leopard was, in fact, a dog.

Responding to multiple calls from RR Nagar residents who claimed to have seen a leopard in their vicinity on February 11 and later on February 19, forest personnel conducted a thorough search operation. However, their efforts yielded no evidence of a big cat prowling the area.

Even as some residents maintained night vigils in hopes of catching a glimpse of the elusive creature, no leopard was sighted. The situation escalated when residents of a local apartment complex shared CCTV footage capturing an animal moving along the road, albeit unclearly.

With concerns mounting, residents promptly alerted forest authorities, presuming the creature to be a leopard. Forest officials mobilized their resources for a comprehensive search, only to discover that the supposed leopard was, in reality, a domestic dog.

The incident highlights the importance of accurate identification and prompt response in wildlife management, even in urban areas where encounters with wildlife are rare but not unheard of.

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Karnataka

Karnataka mandates state anthem for all schools

The Kannada & Culture Department reversed its decision, now mandating all schools to sing the state anthem. Confusion stemmed from a “printing mistake.

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Karnataka mandates state anthem for all schools
(Representative Image:tclnigerialtd)

The Kannada and Culture Department, which previously issued an order excluding private schools from singing the state anthem during assemblies, has now reversed its decision. In a new government order issued on Wednesday, it has been clarified that all schools, including private ones, should sing the state anthem. Kannada and Culture Minister Shivaraj Tangadagi attributed the confusion to a “printing mistake.”

The issue was brought up in the Assembly by Leader of Opposition R Ashoka, who questioned the initial order’s intention of excluding private schools from including the state anthem, “Jaya Bharatha Jananiya Thanujathe,” penned by Kuvempu, in their assemblies. He expressed bewilderment at why private schools were being excluded from the purview of the education department.

Ashoka criticized the officials for such decisions and expressed frustration with Minister Tangadagi’s apparent lack of control over them. The BJP state president BY Vijayendra demanded an apology from the state government, citing a recent attempt by an official from the Social Welfare Department to alter Kuvempu’s slogan in residential schools as another instance of disrespect towards the poet.

Senior BJP MLA Suresh Kumar emphasized the Kannada and Culture Department’s responsibility to safeguard the Kannada language and questioned the rationale behind such orders. Health Minister Dinesh Gundu Rao downplayed the issue, stating that it was a minor matter that has already been rectified, but his statement was met with condemnation from BJP members.

Tangadagi clarified that the confusion arose during the preparation of the government order, where the term “all schools” was inadvertently changed, leading to the exclusion of private schools. He termed it a “printing mistake” and assured that it has been rectified. Law Minister HK Patil acknowledged the lapse and promised action against those responsible for the error. The latest government order issued by the department now includes all schools, irrespective of their ownership status.

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