New Delhi to Tel Aviv: Maiden Air India flight crosses Saudi airspace to Israel

Agencies
March 23, 2018

Tel Aviv, Mar 23: The direct maiden flight of Air India to Tel Aviv from New Delhi arrived here yesterday, heralding a new chapter in the India-Israel ties and ending a decades-old overfly ban by Saudi Arabia.

Flight AI 139 landed at Tel Aviv's Ben Gurion airport at 2215 (Israeli time).

"This is really a historical moment...We are in a new era. I am sure that we will see many more Indian tourists coming to Israel...and Israelis would also come to India in much higher numbers," Israeli Tourism Minister Yariv Levin said.

He said such a direct link would further strengthen the relationship between the two nations.

Saudi Arabia's decision to permit Air India to use its airspace has enabled the airline to take a shorter route.

It will cover the distance in 7.15 hours, 2.10 hours less than the time taken by the only other airline that flies between the two countries -- Israel's national carrier El Al.

Many Arab and Islamic nations do not recognise Israel and, therefore, disallow airlines from using their airspace for flight services to that country.

On a query over Saudi Arabia allowing Air India to use its airspace, Levin said: "We have to very cautious. This is really a first step -- a very important one... I hope with times we have more and more normal relationship with our neighbour in this region...India played a very important bridge (by introducing this flight over Saudi airspace) not only between India and us but also between Israel and other countries in this region."

Terming as "historic" the moment of arrival of the national carrier's maiden flight to Tel Aviv, Indian Ambassador to Israel Pavan Kapoor said a lot of efforts had gone into it over the last two years with a strong vision and support for the initiative from the prime ministers of both the countries.

He said the initiative would strengthen the relationship between the two countries in various spheres, including political, trade and cultural.

Air India Chairman and Managing Director (CMD) Pradeep Kharola said the Air India direct flight has the shortest route connecting New Delhi and Tel Aviv and will bring people of the two countries closer.

The flight will operate every Tuesday, Thursday and Sunday. While the inaugural flight AI 139 left at 6 pm IST yesterday, the scheduled departure will be 4.50 pm IST from March 25 when the summer schedule comes into operation.

The state-run carrier will be operating its 256-seater Boeing 787 Dreamliner on this route.

Kharola and Israel Ministry of Tourism Director Hassan Madah cut a symbolic cake to mark the start of the direct flight to Israel.

Kharola had earlier said the airline anticipates interest from travellers from countries further to the east of India such as Australia.

The Air India flew over Oman, Saudi Arabia and Jordan to reach Israel.

The permission to fly over Saudi Arabia will save Air India almost 2 hours and 10 minutes compared to the longer route taken by Israels national carrier El Al, which has direct flights between Tel Aviv and Mumbai.

El Al takes a circuitous route over the Red Sea, the Gulf of Aden and then enters India and avoids countries that are on the direct flight path such as Saudi Arabia, UAE, Iran, Afghanistan and Pakistan.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
May 9,2020

May 9: Union Home Minister Amit Shah has said the West Bengal government is not allowing trains with migrant workers to reach the state that may further create hardship for the labourers.

In a letter to West Bengal Chief Minister Mamata Banerjee, Shah said not allowing trains to reach West Bengal is "injustice" to the migrant workers from the state.

Referring to the 'Shramik Special' trains being run by the central government to facilitate transport of migrant workers from different parts of the country to various destinations, the home minister said in the letter that the Centre has facilitated more than two lakh migrants workers to reach home.

Shah said migrant workers from West Bengal are also eager to reach home and the central government is also facilitating the train services.

"But we are not getting expected support from the West Bengal. The state government of West Bengal is not allowing the trains reaching to West Bengal. This is injustice with West Bengal migrant labourers. This will create further hardship for them," Shah wrote.

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Agencies
June 25,2020

Patna, Jun 25: At least 83 people died due to thunderstorms in Bihar in the last 24 hours, according to Chief Minister's Office.

Bihar Chief Minister Nitish Kumar announced Rs 4 lakhs each for the families of deceased.

Thirteen people died in Gopalganj, 8 each in Madhubani and Nawada, 6 each in Baghalpur and Siwan, 5 each in Darbhanga, Banka, East Champaran and 3 each in Khagaria and Aurangabad.

Due to thunderstorms, two people each lost their lives in West Champaran, Kishanganj, Jamui, Jahanabad, Purnia, Supaul, Buxar, Kaimur while one death each was reported in Samastipur, Shivhar, Saran, Sitamarhi and Madhepura.

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