Comprehensive Current Affairs Dose

  • What is the Regional Connectivity Scheme(or UDAN scheme)?:
    •  Background:
      • The Civil Aviation Policy, 2016 introduces a scheme called Regional Connectivity Scheme.
    • Purpose:
      • To make possible/viable the usage of air routes for the common man by making the flights affordable enough.
      • To reinvigorate unserved and under-served airports.
      • Increasing the air traffic. P
    • Provisions
      • Also called UDAN scheme, that is, Ude Desh ka Aam Naagrik.
      • The scheme caps the airfares on the routes of duration :
        • 1 hour : Rs.2500.
        • 1/2 hour: Rs.1200.
      • N0-frill airports in small and remote areas through a fund of Rs.50-100 crores.
      • 2% levy on airline tickets to fund the Regional Connectivity Fund.
      • Viability Gap Funding(VGF)* to airline operators. Ratio of centre to state contribution–> 80:20.
        • *Viability Gap Funding is the one which is offered to the infrastructure projects that are economically legitimate but fall short of finances.
      • Tax incentives to airlines for working on the underserved/hinterland routes.
      • Tax exemptions and reductions to airlines for increasing viability of running routes from regional airports. These include excise on Aviation Turbine Fuel, service tax reduction and airport charges among others.
    • Advantages:
      • Better inter-state trades.
      • Boost to Make in India.
      • Revolutionary boost to the aviation sector’s growth.
      • A push to Make in India by boosting the manufacturing industries related to the aviation sector.
      • Also, it would allow greater FDIs as the policies will become conducive through measures like tax exemptions and reductions.
      • Huge employment generation.
  • What is BIMSTEC?:
    • BIMSTEC stands for Bay of Bengal Multi-Sectoral Technical and Economic Co-operation.
    • Members:
      • Bangladesh.
      • Bhutan.
      • India.
      • Sri Lanka.
      • Nepal.
      • Myanmar.
      • Thailand.
    • Purpose and areas of cooperation:
      • Economic cooperation:
        • Trade and Investment.
        • Transport and Communication–>connectivity which would enhance the first point.
        • Fisheries–>this is obvious as the name includes “Bay of Bengal”.
        • Energy: Must for economic development as it acts as a prime mover of all the sectors especially, the manufacturing sector.
        • Agriculture.
      • Technology: mentioned in the name. Gains importance as it plays a key role in the overall development of each and every economic stratum of the society.
      • Social Development:
        • Public Health.
        • Poverty Alleviation.
      • Cultural Development:
        • People-to-People contact.
        • Cultural links.
      • Terrorism:
        • Counter-terrorism and trans-national crimes.
      • Environment:
        • Climate change.
        • Environmental and Natural Disasters Management.
    • Summits:
      • 1st summit :Bangkok,Thailand(2004).
      • 2nd summit: New Delhi,India(2008).
      • 3rd summit: Naay Pyi TawMyanmar(2014)
      • 4th summit: Goa, India(2016).
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