
CEA Nageswaran to talk on policy issues
He will present India's opportunities and the challenges that lie ahead for planners and policymakers alike in the context of India becoming the fourth largest economy in the world in GDP terms, said a statement issued by the Raj Bhavan.
These factors, along with economic diplomacy, international trade and tariff, and the prime minister's call for Make In India, will form part of the deliberations by CEA.
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Economic Times
an hour ago
- Economic Times
Air India to halt non-stop Delhi–Washington flights from September amid fleet retrofit, Pakistan airspace closure
Synopsis Air India will halt its Delhi-Washington, D.C. non-stop flights from September 2025 due to fleet retrofits and airspace restrictions. The airline is retrofitting its Boeing 787-8 Dreamliners, causing aircraft unavailability until late 2026. Pakistan's airspace closure adds to operational challenges, impacting long-haul routes. Affected passengers will be rebooked or refunded, while one-stop connections via other U.S. cities remain available. IANS Tata Group-owned Air India on Monday said it is suspending its services between Delhi and Washington, D.C., effective from September 1, 2025, due to a combination of operational factors. Air India will suspend its non-stop services between Delhi and Washington, D.C. from September 1, 2025, citing operational constraints linked to a major fleet retrofit programme and ongoing airspace airline said the decision was taken 'to ensure the reliability and integrity of Air India's overall route network' as it began retrofitting 26 Boeing 787-8 Dreamliners last month. 'This extensive retrofit programme, aimed at significantly enhancing customer experience, necessitates a prolonged unavailability of multiple aircraft at any given time until at least end of 2026,' it the challenge, the 'continued closure of airspace over Pakistan impacts the airline's long-haul operations, leading to longer flight routings and increased operational complexity.'Affected passengers booked beyond September 1 will be contacted for alternative travel arrangements, which could include 'rebooking on other flights or full refunds, as per their individual preferences.' Air India will continue offering one-stop connections to Washington, D.C. via New York (JFK), Newark, Chicago, and San Francisco through interline agreements with Alaska Airlines, United Airlines, and Delta Air Lines. These partnerships allow customers to 'travel on a single itinerary with their baggage checked through to the final destination.'Air India is navigating a multifaceted operational crisis. Since the June 12 crash of Flight 171, the airline has undergone stringent DGCA-mandated safety inspections of its Dreamliner fleet, prompting widespread cancellations and a temporary 15 % reduction in wide-body international operations through mid-July. Regulatory scrutiny has intensified following the airline receiving multiple formal warnings over lapses in crew fatigue management, training, and maintenance protocols. Further complicating the landscape are network constraints from ongoing aircraft retrofits and regional airspace closures, notably over Pakistan, which have disrupted routes like Delhi–Washington and further strained fleet the Washington suspension, the airline said, it will maintain non-stop flights to six other North American destinations, including Toronto and Vancouver, alongside U.S. cities such as New York, Newark, Chicago, and San move comes as Air India executes its five-year transformation plan following its return to the Tata Group in 2022. The carrier has placed an order for 570 new aircraft and is progressively upgrading interiors across its fleet. The 787 retrofit is part of this overhaul, which also includes a new flying school in 2025 and a greenfield maintenance base set to open in airline has not announced when the Washington service will resume, with the timing likely dependent on retrofit progress and any changes in overflight restrictions.


Economic Times
an hour ago
- Economic Times
ET Make in India SME Regional Summits: Punjab's next growth story must be innovation-led
From leading India's Green Revolution to building a thriving manufacturing base, Punjab has been a cornerstone of the country's economic progress. But as the global economy shifts into a new, digitally-driven era, the state now faces a crucial question: will it follow, or will it lead? Speaking at the ET Make in India SME Regional Summit in Chandigarh, Shailendra Tyagi, Director of the Software Technology Parks of India (STPI), Ministry of Electronics & IT, made a compelling case for the latter. 'The time has come for Punjab to script its next success story: a story of innovation-driven resurgence, startup-led growth, and MSME inclusivity,' he said in his opening keynote, 'From Policy to Prosperity: A Roadmap for MSME Success'. This edition of the ET SME Summits, which took place on August 7, had IDBI as banking and lending partner, and Canon as the tech numbers reveal both strengths and challenges for Punjab, Tyagi added. Over the past decade, Punjab's Gross State Domestic Product (GSDP) nearly doubled to ₹7.44 lakh crore in 2023-24. Yet, with an average annual growth rate of 4.6%, which lags behind the national average of 5.7%, the state's industrial output has stagnated at around 24% of GSDP. Agriculture still contributes a hefty 27%, while manufacturing struggles to gain new pointed to the state's micro, small, and medium enterprises (MSME) sector, home to over 160,000 registered units, as both a key driver and a sector in need of transformation, especially in adopting new technology, accessing markets, and ensuring financial sustainability. Encouragingly, Punjab's startup count has soared from just seven in 2016 to over 800 today, thanks to initiatives such as Make in India, Atmanirbhar Bharat, and the Production Linked Incentive (PLI) scheme. Infrastructure too is getting a boost through the PM GatiShakti plan, with projects like the Amritsar-Jamnagar Corridor and Ludhiana-Ajmer Expressway promising better connectivity. Meanwhile, export-oriented industries are benefitting from schemes like RoDTEP (Remission of Duties and Taxes on Exported Products).At the heart of Tyagi's vision is innovation, and STPI is playing a leading role. Its Mohali centre offers plug-and-play incubation, high-speed connectivity, cloud access, and AI-focused entrepreneurship support through the 'Neuron Centre'. Currently, 162 STP and ESDP (Science and Technology Park, Entrepreneurship and Skill Development Programme) units in Punjab export goods and services worth ₹4,100 crore, with more being nurtured under the Next Generation Incubation stressed that Punjab's transformation will require coordinated action: industrial diversification, high-value manufacturing, digital MSME adoption, skill development, ease of doing business, and investment facilitation. 'The framework is in place. What we now need is relentless execution, data-driven governance, and continuous stakeholder collaboration,' he closing message at the ET Make in India SME Regional Summit - Chandigarh was clear and urgent: the next decade must be one of strategic action. 'Let us move decisively from policy to prosperity,' Tyagi urged. The ET Make in India SME Regional Summits, ET MSME Day, and ET MSME Awards are flagship initiatives to celebrate the versatility and success of India's MSME sector. If you lead or are part of a micro, small, or medium enterprise, register for the ET MSME Awards 2025 before August 31, 2025.


New Indian Express
an hour ago
- New Indian Express
Air India to suspend services from Delhi to Washington DC from Sept 1
NEW DELHI: Air India on Monday announced the suspension of its services between Delhi and Washington, from September 1, due to a combination of operational factors. This is being done to ensure the reliability and integrity of its overall route network, the airline said. An official release said, "The suspension is primarily driven by the planned shortfall in Air India's fleet, as the airline commenced retrofitting 26 of its Boeing 787-8 aircraft last month. This extensive retrofit programme, aimed at significantly enhancing customer experience, necessitates a prolonged unavailability of multiple aircraft at any given time until at least end of 2026. That, coupled with the continued closure of airspace over Pakistan, impacts the airline's long-haul operations, leading to longer flight routings and increased operational complexity." It also said that customers with Air India bookings to or from Washington, D.C. beyond September 1, 2025 will be contacted and offered alternative travel arrangements, including rebooking on other flights or full refunds, as per their individual preferences. "Air India customers will continue to have the options of one-stop flights to Washington, D.C. via four U.S. gateways – New York (JFK), Newark (EWR), Chicago, and San Francisco – with the airline's interline partners, Alaska Airlines, United Airlines, and Delta Air Lines, allowing customers to travel on a single itinerary with their baggage checked through to the final destination," it said. Air India will continue to operate non-stop flights between India and six destinations in North America, including Toronto and Vancouver in Canada.