logo
Pakistan extends airspace ban for Indian flights till August 24

Pakistan extends airspace ban for Indian flights till August 24

Time of India7 days ago
Pakistan
has extended the closure of its airspace for flights operated by Indian airlines by another month till August 24, the
Pakistan Airports Authority
(PAA) said.
No aircraft operated by Indian airlines, or military and civilian flights that are Indian-owned or leased, will be allowed to use Pakistani airspace, according to a NOTAM (notice to airmen) that came into effect at 3:50 pm India time on Friday.
Explore courses from Top Institutes in
Select a Course Category
Data Analytics
Finance
Others
Technology
Design Thinking
Degree
Healthcare
Data Science
CXO
Public Policy
PGDM
MBA
healthcare
Digital Marketing
MCA
Cybersecurity
Product Management
Management
Operations Management
Leadership
Data Science
others
Artificial Intelligence
Project Management
Skills you'll gain:
Data Analysis & Visualization
Predictive Analytics & Machine Learning
Business Intelligence & Data-Driven Decision Making
Analytics Strategy & Implementation
Duration:
12 Weeks
Indian School of Business
Applied Business Analytics
Starts on
Jun 13, 2024
Get Details
The ban will remain in place till August 24 at 5:19 am (India time), the PAA said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Sleep Apnea Ruined My Life – Then I Found This Simple Trick
Health Insight
Undo
The Indian airspace is also closed to all Pakistani aircraft till July 24 after a ban was imposed first on April 30 as part of measures taken by the Indian government against Pakistan in the wake of the
Pahalgam terror attack
that killed 26 people on April 22.
Pakistan shut its airspace for Indian aircraft on April 24 and the tit-for-tat restrictions by the two nations have been extended multiple times.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rare earth shortage hits electronic component companies
Rare earth shortage hits electronic component companies

Time of India

time13 minutes ago

  • Time of India

Rare earth shortage hits electronic component companies

Academy Empower your mind, elevate your skills Uncertainty over rare earth mineral supply has led some applicants under the Electronics Component Manufacturing Scheme ECMS ) to warn the government that they may miss incentive-linked targets for the first year, if shortages persist for another six applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen on expanding its production and export footprint, officials at the Ministry of Electronics and Information Technology (MeitY), and industry executives told certain components, some firms plan to import, rather than make them locally, a person aware of the development said."Companies have expressed concern, but within the sector, it isn't an alarming outcry. If there is a component that uses rare earth, instead of importing that rare earth and making that component in India, they will simply import that component," the person said."There are other options like alternate sources of supply, or alternate technologies that don't use rare earths." The timing of the mineral scarcity due to curbs placed by China has been a challenge."The ECMS has been unveiled at a time when many entities want to scale up and take advantage of exports," said Ashok Chandak, president of the India Electronics and Semiconductor Association (IESA)."Beyond the traditional industry base, many Indian companies are diversifying into component manufacturing. But the industry has been particularly impacted by the supply shocks in rare earth magnets," he ₹22,919 crore scheme aims to create a strong domestic manufacturing ecosystem for a range of components that are fundamental building blocks in nearly all modern electronic devices. These include bare components such as Multi-layer Printed Circuit Board (PCB) and Li-ion cells for digital applications, passive components like resistors, capacitors, and inductors, as well as display and camera module was opened for applications in May, a month after China imposed strict export controls and licensing requirements for rare earths, of which it controls over 90% of the global processing capacity and the largest said PCBs have found key interest from applicants. "The scheme has seen strong interest from the PCB industry since this is the first time we have gotten some mileage. It addresses not only multi-layer, but also high-density interconnect boards. But given what is going on right now (globally), it is very difficult to hit the targets. The government has promised all support," said KS Babu, secretary, Indian Printed Circuit Association (IPCA).He also highlighted that the scheme does not address the complete absence of local production of essential raw materials like copper clad laminates, which are currently imported entirely from China. "Chinese suppliers are now taking advantage by squeezing prices, citing problems with shipments," Babu to be implemented over six years from FY26 through FY32, the scheme has a one-year gestation period for FY26 in case of turnover-linked incentives."It's only natural that MSMEs who are arranging these large sums for investment want to receive it as soon as possible. Informally, the government has assured it will be lenient during final verification and claim approval once ECMS starts by making the process to claim incentives," said a top Delhi-based PCB Centre will be extending the application window for the scheme beyond the initial three-month period, which is set to end on 31 July, MeitY sources confirmed on Thursday. The decision was taken after industry bodies had asked for the same. "Many of the smaller companies who are interested, have to establish channels for sourcing materials, set up joint ventures, and secure technology," Babu insiders are also hopeful of a resolution in the coming months. "China also can't afford to continue an export ban for long, since their companies will begin bleeding and it will place a long term strain on their relations with many countries," Chandak stressed.

India signals thaw in China curbs to boost electronics ties
India signals thaw in China curbs to boost electronics ties

Time of India

time13 minutes ago

  • Time of India

India signals thaw in China curbs to boost electronics ties

Indian electronics manufacturing would likely see some collaboration with Chinese companies, a top federal official said, signalling a thaw in hitherto enforced strict investment curbs in light of Beijing's dominant three-fifths share in the global electronics ecosystem. "We want to grow our manufacturing capacity. So, some sort of collaboration with China is something we can't avoid," said the official, who declined to be named. "Therefore, we have to be strategic about what we do, and how we do it. But, it has to be done."The official's comments follow the federal nod to a deal between home-grown Dixon Technologies and Chinese original design manufacturer, Longcheer Intelligence Pte. Earlier this month, the Niti Aayog had reportedly proposed that Chinese firms be allowed to acquire up to a 24% stake in Indian companies without requiring additional security clearances. In place since 2020, the Department for Promotion of Industry and Internal Trade's guidelines mandate foreign direct investment from neighboring countries need prior security clearance from both the Ministry of Home Affairs and the Ministry of External Affairs.

‘MS Dhoni, Virat Kohli earn INR 100 crore per year through ads. Sachin Tendulkar in prime…': Ravi Shastri's revelation
‘MS Dhoni, Virat Kohli earn INR 100 crore per year through ads. Sachin Tendulkar in prime…': Ravi Shastri's revelation

Hindustan Times

time13 minutes ago

  • Hindustan Times

‘MS Dhoni, Virat Kohli earn INR 100 crore per year through ads. Sachin Tendulkar in prime…': Ravi Shastri's revelation

Former India head coach Ravi Shastri stunned listeners on the 'Stick to Cricket' podcast—hosted by former England cricketers Michael Vaughan, Alastair Cook, Phil Tufnell, and David Lloyd—when asked about the earnings of top Indian cricketers. Virat Kohli and MS Dhoni are among the highest earning Indian cricketers(REUTERS) According to Shastri, icons such as MS Dhoni, Virat Kohli, and Sachin Tendulkar in their prime easily earned over ₹100 crore per year (~£10 million), primarily through brand endorsements. When Vaughan asked for a conversion, Shastri clarified: "They earn a lot. They earn a lot through endorsements, for sure. You know, and upwards of a hundred crores, I would say ten million. You just calculate," Shastri said. Shastri elaborated that these stars could manage anywhere between 15–20 advertisements in a single day during their peak, though packed cricket schedules often limited such opportunities . The former England captains' reaction was immediate and visceral—multiple exclamations of 'Wow!' reverberated in the studio, capturing the enormity of his disclosure. "Someone like an MS Dhoni or a Virat Kohli or a Sachin Tendulkar in his pomp, they would do over 15-20 ads. And it's per day. There's no time. They could easily do more because of the amount of cricket being played. So, you know, they'll do an ad for a year and give it to us and give a day," Shastri added. Shastri placed his revelations within the larger transformation of cricket's commercial landscape in India, which accelerated in two phases -- first after the 1983 World Cup victory and then the rise of the IPL, leading to booming revenues from TV rights, sponsorships, and advertising deals. He also remarked on the immense pressure that comes with such financial and public scrutiny—a life of 'no privacy' and short public memory for failures. The figures highlight how Indian cricket transcends sport to become a commercial juggernaut, rivalling global athletes like Messi or Ronaldo in earnings potential. While central contracts and match fees offer financial stability, the bulk of top players' wealth comes from endorsements. Despite high demand, players could engage in only a few ad shoots a year—due to packed international and domestic calendars.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store