Globalization in Aviation after Pandemic is over.

Open Skies agreements eliminate government interference in the commercial decisions of air carriers about routes, capacity, and pricing, freeing carriers to provide more affordable, convenient, and efficient air service for consumers.

Open Sky Agreements are bilateral agreements that the two countries negotiate to provide rights for airlines to offer international passenger and cargo services. It expands international passenger and cargo flights. USA and European Union has such agreement which permits unlimited flights subject to operational feasibility between 2 countries.

Policy of India:


India has Air Service Agreements (ASA) with 109 countries including UAE covering aspects relating to the number of flights, seats, landing points and code-share. But does not allow unlimited number of flights between two countries.

The National Civil Aviation Policy (2016) of India:


The policy of 2016 allows the government of India to enter into an ‘open sky’ air services agreement on a reciprocal basis withSouth Asian Association for Regional Cooperation (SAARC) nations as well as countries beyond a 5,000 kilometre radius from New Delhi.


In plain English this means that countries within 5,000 kilometer of distance need to enter into a bilateral agreement and mutually determine the number of flights that their airlines can operate between the two countries.


India has many such open sky agreements with countries like Greece, Jamaica, Guyana, Finland, USA, Japan, etc.

That was pre Pandemic world of globalization. With air traffic coming to a hault on 24 March 2020 we are in a new world. India has started entering into agreements with many countries like Germany and UK which have been called air bubbles but these are simply bilateral agreements fixing the number of flights which each country will operate into territory of each other.

This means all previous agreements are as good as dead letter or will those agreements revive automatically in future?

Something tells me that this pandemic gives another opportunity to clean up the mess created by previous Government in it ten years corrupt regime when everything was for sale including lives of people and territories. Yes Manmohan Singh, We know it now.

Therefore the Government may use the clean slate to work and create an actual bilateral agreements not dictated by ‘donations.’

Another Economic Slap on China with luv from India

Luv to China from India:

On First April or Day 8 of Lockdown, a scheme called Production Linked Incentive Scheme was launched for Large Scale Electronics Manufacturing which extends an incentive of 4% to 6% on incremental sales (over base year) of goods under target segments that are manufactured in India to eligible companies, for a period of five years subsequent to the base year (FY2019-20). The scheme was open for filing applications till 31.07.2020. Incentives are applicable under the scheme from 01.08.2020.

This will spell a loss of INR 11,50,000 crore approximately to China.

Global who of who of Mobile Industry Arrive:

A total of 22 companies have filed their application under the PLI Scheme.

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Pandemic or not, rich get richer all the times?

Mukesh Ambani works from home:

Reliance Industries has become the first Indian company to enter the ranks of top 50 most valuable companies in the world, as its share price crossed the Rs 2,050 mark last week, giving the oil-to-telecom major a market cap of over Rs 13.06 lakh crore ($174.34 billion).

Thus Reliance Industries is the first Indian company to cross the Rs 13 lakh crore mark in market cap. It is now more valuable than Chevron and Unilever, whose market cap stood at $169.97 billion and $135.18 billion respectively.

Globally Reliance is at 48th position in the list of 50 most valuable companies, which is headed by Saudi Aramco, at $1.7 trillion. Incidentally, Saudi Aramco is currently in talks with RIL for a stake purchase in the latter’s oil business.

If one adds the market cap of RIL’s partly paid shares, the Mukesh Ambani-controlled company’s total market cap rises to Rs 13.56 lakh crore. The company’s market cap has more than doubled since the last week of March, when its share price hit a yearly low of Rs 867.

The upward revision in valuation of Reliance has also propelled Ambani to the 6th rank on the Bloomberg Billionaires Index, with a net worth of $75.6 billion (Rs 5.66 lakh crore).

This weekend the Reliance share last traded at Rs. 2067 down from the daily high of 2129.

What a work from home for Mukesh Ambani it’s CEO!!

But position is not very different for other billionaires. See:

India enters next phase of Lockdown: Unlock-3 from August 1 2020.

Unlock 3

Activities permitted during Unlock 3 period outside the Containment
Zones:

In areas outside the Containment Zones, all activities will be permitted,
except the following:

  1. Schools, colleges, educational and coaching institutions will remain closed till 31S August, 2020. Online/ distance learning shall continue to be permitted and shall be encouraged.
  2. Cinema halls, swimming pools, entertainment parks, theatres, bars, auditoriums, assembly halls and similar places.
    (Note: Yoga institutes and gymnasiums will be allowed to function from 5th
    August 2020
    for which, Standard Operating Procedure (SOP) will be issued by the Ministry of Health & Family Welfare (MoHFW).
  3. International air travel of passengers, except as permitted by MHA.
  4. Metro Rail.
  5. Social political sports entertainment/ academic cultural religious functions and other large congregations.

Dates for re-starting the above activities may be decided separately and necessary SOPs shall be issued for ensuring social distancing and to contain the spread of COVID-19

Thus the Centre has done away with the night curfew that restricted non-essential movement during specified post-daylight hours under Unlock 1 and Unlock 2 and allowed gymnasiums and yoga institutes to open in non-containment areas from August 5 but the lockdown restrictions will continue to apply in all containment zones across the country till August 31.

Full details of Unlock 3 as issued y Ministry of Home is hereunder:

https://mha.gov.in/sites/default/files/Unlock3_29072020.pdf

Highlights of National Education Policy 2020

The much awaited Education policy which was being debated for past about five years is announced. It’s highlights are:

1. Present school structure of 10+2 is dropped and will be replaced by new school structure will be 5+3+3+4 which means that upto 5 pre school, 6 to 8 Mid School, 8 to 11 High School, 12 onwards Graduation.
2. University Graduation Degree will be 4 years.
3. From 6th std onwards vocational courses available and ten days internship in local trade will be mandatory.
4. From 8th to 11 students can choose optional subjects. Present system of science or arts stream will be abolished. All graduation course will have major and minor
Example – science student can have Physics as Major and Music as minor also. A student of cookery can have chemistry as minor subject.
5. New Teacher Training board will be setup for all kinds of teachers in country, no state can change,
6. New Basic learning program will be created by government for parents to teach children upto 3 years in home and for pre school 3 to 6.
7. All schools exams will be semester wise twice a year,
8. The syllabus will be reduced to core knowledge of any subject only to discourage cramming syllabus with more focus on practical training and application knowledge,
9. There shall be one regulator and higher education will be governed by only one authority. UGC AICTE will be merged.
10. All Universities government, private, Open, Deemed, Vocational etc will have same grading and other rules. Same level of Accreditation be given to every collage, based on its rating irrespective of ownership structure of college. Each collage will get autonomous rights and funds. Present system of affiliation of Colleges with Universities will be gradually phased out.

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