Major News and Events of 22 April 2016
What Happened on 22 April 2016
India becomes the #1 FDI Destination
GoAir shoots up its ticket cancellation rates
Cashless toll payment to hit 275 toll plazas across India
At least 16 people were killed on Friday after a landslide hit a labor camp at a construction site in Tawang district of Arunachal Pradesh. After the rescue operations, 16 bodies were found. The search is still on to find two other workers feared buried under the debris. Three workers managed to escape from the camp that was at an altitude of over 3,000 meters (7,500 feet). Prime Minister Narendra Modi expressed grief over the tragedy and extended his condolences to the bereaved families.
India has replaced China as the world’s top destination for foreign direct investment. The country has been successful in attracting FDI worth $63 billion in 2015, achieving the milestone of being the highest-ranked country by capital investment. In 2015, India witnessed high-value project announcements across multiple domains including oil and natural gas, coal and renewable energy.
India’s budget carrier GoAir has revised its ticket cancellation charges from Rs. 1,900 to Rs. 2,225. The new cancellation charges would be effective from 21 April 2016. It is important to note that GoAir has kept its ticket cancellation charges slightly lower as compared to other budget carriers like SpiceJet and IndiGo, which have recently increased the same to Rs. 2,250 per ticket.
Science and Technology
NHAI, the governing body for highways has announced the introduction of cashless toll payment mechanism at around 275 toll plazas across India effective from 25 April 2016. Named as FASTag, the system would utilize RFID technology. NHAI has also hinted on introduction of similar systems at 75 more toll plazas in different parts of India.