Indian airport operators have been ordered by the government to conduct third-party audits to ensure the structural stability of airport buildings and associated infrastructure. This directive comes in response to recent incidents of roof collapses at three airports. The audits will include a comprehensive evaluation of civil, electrical, and technical aspects, and will be conducted annually before the monsoon season. The government has also formed a high-level expert committee to investigate the incident at Delhi airport. The Airports Authority of India (AAI) is investigating the root causes of the incidents at Jabalpur and Rajkot airports. The Directorate General of Civil Aviation (DGCA) regularly conducts audits to ensure compliance with safety standards. In the fiscal year 2023-24, Rs 795.72 crore was spent on repair and maintenance works at 121 AAI airports. This move by the government aims to enhance the safety and structural integrity of airport infrastructure across the country. [0f36a18d]
In other news, vegetable prices in India are expected to rise further before cooling down in September. This increase in prices is attributed to various factors such as supply chain disruptions, transportation costs, and seasonal fluctuations. Consumers may experience higher prices for vegetables in the coming months, impacting household budgets. [0f36a18d]
India's Services PMI (Purchasing Managers' Index) rose to 60.5 in June, indicating a significant expansion in the services sector. This growth is attributed to increased business activity, new orders, and job creation. The Services PMI is a key indicator of economic performance and reflects the overall health of the services sector in the country. [0f36a18d]
India's Manufacturing PMI also showed positive growth, rising to 58.3 in June. This indicates a strong expansion in the manufacturing sector, with increased production and new orders. Job creation in the manufacturing sector reached its highest level in recent months. The Manufacturing PMI is an important indicator of industrial activity and economic growth. [0f36a18d]
The Indian government has announced plans to conduct nationwide inspections of airports following the roof collapse incident at Delhi airport. These inspections aim to ensure the safety and structural integrity of airport buildings across the country. The government is taking proactive measures to prevent similar incidents and enhance the overall safety of airport infrastructure. [0f36a18d]
Airlines have issued advisories due to heavy rainfall in Delhi. The heavy rainfall has the potential to disrupt flight operations and cause inconvenience to passengers. Travelers are advised to check with their respective airlines for any updates or changes to their flight schedules. [0f36a18d]
Prime Minister Narendra Modi addressed the media ahead of the budget session. The budget session is a crucial event where the government presents its financial plans and policies for the upcoming year. The Prime Minister's address provides insights into the government's priorities and agenda. [0f36a18d]
Stocks to watch in the Indian market include HDFC Bank, Kotak Mahindra Bank, JSW Steel, Vedanta, Wipro, YES Bank, and RIL. These stocks are expected to attract attention and may experience significant price movements based on market trends and company-specific factors. [0f36a18d]