Status of Indian Civil Aviation Industry: Aviation Sector: India’s Civil Aviation is among the fastest-growing aviation markets globally and will be a major growth engine to make India a USD 5 trillion economy by 2024. Passenger Traffic: 3rd largest aviation market by domestic air passenger traffic which stood at 274.05 million in FY20. It grew at a Compound Annual …
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Facts: Railway moves 23 million people a day. In China, the investment in railways is about Rs. 9 to 10 lakh crore whereas in India it is Rs. 40,000 crore a year. As a result, rail traffic is going to the other sectors. Developments in the railway sector in recent years: Proposals for bullet trains. …
The Government of India has proposed a New Warehousing Policy. Warehousing: Warehousing can be defined as the systematic process of storing and preserving goods on a large scale in a warehouse and making them available when they are demanded, i.e. for sale, distribution and consumption. The e-commerce sector has been driving the demand for logistics and warehousing across global markets. It …
Context: India’s National Vehicle Scrappage Policy will help phase out unfit and polluting vehicles and also promote a circular economy. This waste-to-wealth campaign has been linked with swachhata (cleanliness) and aatmnirbharta (self-reliance). National Vehicle Scrappage policy is also known as Voluntary Vehicle-Fleet Modernization Programme. How the policy aids circular economy? When a car is scrapped, apart from metals including …
Context: Cabinet has approved a scheme for the promotion of merchant ships in India by providing subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs. Challenges with the Indian Shipping industry at present: Despite having a policy of 100% FDI in shipping since 1997, the Indian shipping industry and India’s national …
Utility: Direct question can be asked on topic. Rise of Naval China: China has overtaken the US Navy in numbers. China is also world’s top ship-producing nation. It has the largest merchant navy, coast-guard and fishing fleet/maritime militia in the world. An economically strong, expansionist, and militaristic China is a concern because it will use …
Objectives of the Fast Tracking Freight in India Report: Establish a coherent vision for a cost-effective, clean, and optimised freight transport system in India. Quantify the economic, environmental, and public health benefits of the freight system. Describe techno-economically feasible solutions that would collectively deliver those benefits. India’s Logistics Sector: Currently, India’s logistics sector represents 5% of India’s Gross Domestic …
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Global Electric Vehicle Outlook Report,2021: Released by International Energy Agency(IEA) annually. The report looks at the latest EV trends. It also looks at measures for electrification of road transport sector around the world. Key Findings of Global Electric Vehicles Outlook 2021 related to India: More than 30% of the new vehicle sales in India will be …
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Facts: Approximately 95 percent of India’s trade by volume is transported by sea. Current Status of Indian Ports: India has 12 major ports and several minor ports along its West and East coast. Capacity of major ports have increased from 870 million tonnes in 2014 to 1550 million tonnes in 2021. Focus Areas: To further the port-led development along …
Facts: Operating Ratio of railways indicates financial distress in Railways. Operating Ratio is the ratio of working expenses to revenues. If the ratio is less than 100%, then Revenues are more than working expenses. Currently, the Operating Ratio is less than 100% due to the under-provisioning of the Pension Fund for 2020-21. However, the actual Operating Ratio works out …