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. Peak hour flights may get costlier (Relevant for GS Prelims, Relevant for GS Mains Paper III; Economics)

Govt. considering congestion surcharge The government is mulling over a proposal to impose a surcharge on airlines for operating flights during peak hours to enhance airport capacity and to avoid flight delays, according to Airports Authority of India (AAI) chairman Guruprasad Mohapatra. What is the present position? Currently, landing fees paid by airlines are determined … Continued

Reforms in Public Sector Banks have taken back seat: Viral Acharya (Relevant for GS Prelims, GS Mains Paper III; Economics)

The Reserve Bank of India’s Deputy Governor in charge of monetary policy, Viral Acharya, recently surprised many with his candid remarks that reforms of public sector banks have taken a back seat. In the RBI’s biannual Financial Stability Report, released at the end of June, he said: “…governance reforms and market capital-raising appear to have … Continued

Boost to Higher Education : Revitalising Infrastructure and Systems in Higher Education (RISE) by 2022 and Higher Education Financing Agency (HEFA) scope expanded (Relevant for GS Prelims, GS Mains Paper III; Economics)

The Cabinet Committee on Economic Affairs has approved the proposal for expanding the scope of Higher Education Financing Agency (HEFA) by enhancing its capital base to Rs. 10,000 crore and tasking it to mobilise Rs. 1,00,000 crore for Revitalizing Infrastructure and Systems in Education (RISE) by 2022. Details: In order to expand this facility to … Continued

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