US Aviation Agency Downgrades Indian Safety Rating

February 1, 2014

US_Aviation_AgencyNew Delhi, Feb 1: The U.S. Federal Aviation Administration has downgraded India's air safety rating over concerns about pilot training and other issues, the agency said Friday.

The downgrade to the lower of two safety categories means Indian airlines cannot increase the number of flights they operate to the United States or enter into any new code-sharing arrangements with American carriers, said Uday Moray, India's Civil Aviation Ministry spokesman. He said the move will not affect current flights.

India has started training programs to address the problems and should be in line with the FAA's category 1 standards by March, Moray said.

Moray said the FAA raised 33 issues, including beefing up safety training programs, offering better safety documentation and hiring full-time flight operations inspectors.

The FAA said in a statement Friday that the downgrade "signifies that India's civil aviation safety oversight regime does not currently comply with the international safety standards set by the International Civil Aviation Organization," a U.N. agency.

The U.S. will work with Indian aviation authorities "to identify remaining steps necessary to regain category 1 status," the FAA said.

India had had a category 1 status since August 1997, the agency said.

A category 2 rating means a country either lacks laws or regulations necessary to oversee air carriers in accordance with minimum international standards, or that its civil aviation authority is deficient in one or more areas, such as technical expertise, trained personnel, record-keeping or inspection procedures.

Jitender Bhargava, a civil aviation expert, said the FAA's decision is embarrassing for India but does not mean it's unsafe to fly on Indian carriers.

He said the move will hurt Indian airlines Air India and Jet Airways at a time when foreign carriers are expanding flights to India.

The move will "hit the market share of Indian carriers in our home market," he said.

ICAO conducted an audit in December 2012 that identified safety oversight deficiencies by India's Directorate General of Civil Aviation. Afterward, FAA began a "reassessment" of India's compliance with international standards, including visits by U.S. inspectors to India in September and early December and meetings this week in Delhi, the FAA statement said.

The Indian government has made "significant progress" toward addressing issues raised by FAA inspectors, the agency said. That progress includes recent government approval for hiring of 75 additional full-time aviation inspectors, FAA noted.

India is one of the fastest growing aviation markets in the world, averaging about 11 percent growth a year, according to the U.S. Trade and Development Agency.

The FAA's decision to downgrade India was made at the same time the U.S. government is making a strong push to encourage the Indian government and aviation industry to buy planes and technology from U.S. companies. The U.S. Trade and Development Agency sponsored a two-day "U.S.-India Aviation Summit" in Washington last October at which government officials, including FAA Administrator Michael Huerta and Transportation Secretary Anthony Foxx, touted U.S. technology to several dozen Indian officials.

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Agencies
June 10,2020

New Delhi, Jun 10: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.

Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.

Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a PNB branch in Mumbai.

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. 

The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said.

These will formally seized under the PMLA now, it said.

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Agencies
May 31,2020

New Delhi, May 31: The income tax department has notified forms for filing income tax returns for the financial year 2019-20.

The Central Board of Direct Taxes (CBDT) has notified Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for the assessment year 2020-21.

The department has revised the I-T return forms for the financial year 2019-20 to allow assessees to avail benefits of various timeline extension granted by the government following the COVID-19 outbreak.

The government has extended various timelines under the Income Tax Act, 1961, through the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.

Accordingly, the time for making investment or payments for claiming deduction under Chapter-VIA-B of IT Act that include Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim) and 80G (Donations) for the financial year 2019-20 had been extended to June 30, 2020.

ClearTax founder and CEO Archit Gupta said, "The new forms require a separate table to disclose tax saving investment made in the first quarter of 2020 for availing them in FY 2019-20. Taxpayers must assess their tax liability for FY 2019-20 and make sure they are maximising their Section 80C benefits if not already done so."

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News Network
February 18,2020

New Delhi, Feb 18: Election strategist-turned-politician Prashant Kishor on Tuesday questioned the Nitish Kumar government's development model, even as he sneered at the chief minister for making ideological compromises to stay in an alliance with the BJP.

Kishor, who has been vocal about his opposition to the Citizenship (Amendment) Act (CAA), said Kumar needs to spell out whether he is with the ideals of Mahatma Gandhi or those who support Nathu Ram Godse.

"Nitish ji has always said that he cannot leave the ideals of Gandhi, JP and Lohiya... At the same time, how can he be with the people who support the ideology of Godse? Both cannot go together. If you want to stay with the BJP, I don't have any problem with it but you cannot be on both sides," he said.

"There has been a lot of discussion between me and Nitish-ji on this. He has his thought process and I have mine. There have been differences between him and me that the ideologies of Godse and Gandhi cannot stand together. As the leader of the party you have to say which side you are on," he added.

In a direct assault on Kumar's model of governance, Kishor said Bihar was the poorest state in 2005 and continues to be so.

"There has been development in Bihar during the last 15 years, but the pace has not been as it should have," he added.

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