{"id":67509,"date":"2019-02-02T05:55:58","date_gmt":"2019-02-02T05:55:58","guid":{"rendered":"https:\/\/www.edristi.in\/?p=67509"},"modified":"2019-02-02T05:56:05","modified_gmt":"2019-02-02T05:56:05","slug":"vision-2040-aviation","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/vision-2040-aviation\/","title":{"rendered":"Vision 2040: Aviation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question:  Consider the following statements regarding Vision 2040: Aviation:<br> 1) India\u2019s air passenger traffic is expected to grow six fold to around 1124 million by 2040<br> 2) The Nabh Nirman fund (NNF) with a starting corpus of $2 billion to support low traffic airports in their initial phases<br> 3) The overall CAGR works out to around 9% in domestic and 7% in international traffic during FY 2018-2040<br> Choose the correct options of the following:<br> (a) 1 only<br> (b) 2 only<br> (c) All of the above<br> (d) 1 and 3 only<br> Answer: (c)<br> Related facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>On 15 January 2019, The Ministry of civil aviation revealed the Vision 2040 document, which highlights the growth potential in different sub-sectors of Indian aviation.<\/li><li>As per the document the total passenger traffic(to, from within India) in India is expected to rise close to six-fold from 187 million in FY 2018 to around 1124 million in FY 2040.<\/li><li>This includes around 821 million domestic passengers and around 303 million international passengers.<\/li><li>The overall CAGR works out to around 9% in domestic and 7% in international traffic during FY 2018-2040.<\/li><li>The government may consider establishing a Nabh Nirman fund (NNF) with starting corpus of USD 2 billion to support low traffic airports in their initial phases.<\/li><li>This document talks about India having a robust 20-year plan that lays out the targets and path to get there along with time lines and clear accountability.<\/li><li>Technological developments like artificial intelligence, machine learning, Blockchain, biometrics, composites, super-alloys, biofuels etc. are changing the face of aviation.<\/li><li>Initiative like Nabh Nirman (for airport capacity augmentation), Digi Yatra (for paperless travel) and Airsewa (for online passenger grievance redressal) are bringing in radical changes.<\/li><li>The tax structure of Aviation Turbine Fuel (ATF), maintenance, repair and overhaul (MRO), and aircraft leasing may be gradually aligned with leading global jurisdictions.<\/li><li>The concept of land pooling may be used to keep land acquisition costs low and to provide landowners with high value developed plots in the vicinity of the airport.<\/li><li>It also provided for DGCA may be converted into a fully independent Civil Aviation Authority, with its own sources of funding and freedom to recruit professional at market-linked salaries.<\/li><li>Most transactions with DGCA will be automated with minimal human interface. <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Links: <br><a href=\"https:\/\/www.globalaviationsummit.in\/documents\/VISION-2040-FOR-THE-CIVIL-AVIATION-INDUSTRY-IN-INDIA.pdf\">https:\/\/www.globalaviationsummit.in\/documents\/VISION-2040-FOR-THE-CIVIL-AVIATION-INDUSTRY-IN-INDIA.pdf<\/a><br><a href=\"https:\/\/economictimes.indiatimes.com\/industry\/transportation\/airlines-\/-aviation\/indias-air-passenger-traffic-to-touch-1-1-billion-in-2040-ministry-of-civil-aviation\/articleshow\/67541144.cms\">https:\/\/economictimes.indiatimes.com\/industry\/transportation\/airlines-\/-aviation\/indias-air-passenger-traffic-to-touch-1-1-billion-in-2040-ministry-of-civil-aviation\/articleshow\/67541144.cms<\/a><br><a href=\"https:\/\/www.livemint.com\/Companies\/AoVmqulNUfJAmeV2gbE02H\/Air-passenger-traffic-to-grow-sixfold-by-2040-Report.html\">https:\/\/www.livemint.com\/Companies\/AoVmqulNUfJAmeV2gbE02H\/Air-passenger-traffic-to-grow-sixfold-by-2040-Report.html<\/a><br><a href=\"https:\/\/www.thehindu.com\/business\/Industry\/indias-air-passenger-traffic-to-cross-a-billion-in-2040-vision-document\/article26000317.ece\">https:\/\/www.thehindu.com\/business\/Industry\/indias-air-passenger-traffic-to-cross-a-billion-in-2040-vision-document\/article26000317.ece<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Consider the following statements regarding Vision 2040: Aviation: 1) India\u2019s air passenger traffic is expected to grow six fold to around 1124 million by 2040 2) The Nabh Nirman fund (NNF) with a starting corpus of $2 billion to support low traffic airports in their initial phases 3) The overall CAGR works out to [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":67511,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1143],"tags":[2497],"class_list":["post-67509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pp","tag-planning-project-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/67509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=67509"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/67509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/67511"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=67509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=67509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=67509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}