GST, demonetisation done to benefit people: Venkaiah Naidu
Kolkata: Hailing the Centre's implementation of GST and demonetisation of higher value notes, Vice President M. Venkaiah Naidu on Saturday said both the moves were made to benefit the common people and change the country's economy.
"With the GST, initially there was some pain. But in the larger picture the GST is going to revolutionise Indian banking system. As a result, the country's economy will change," Naidu said at the 11th Global Healthcare Summit organised by American Association of Physicians of Indian Origin (AAPI) here.
Naidu also said while some people have criticised demonetisation, the move taken on November 8, 2016, has ensured that all the undisclosed cash in the country comes back to the banks.
"I can say one thing about demonetisation or remonetisation that the money that was hidden under the bed or inside the bathrooms before has come back to the banks. The money has come to the bank with its address. Now it up to the Reserve Bank of India to decide, how much is white money and how much is black money," he observed.
The Vice President also praised the people of the country for putting up with the trouble with depositing their money after demonetisation and termed the situation as "short term pain for long term gain".
"The common people have a lot of common sense. They realised its impact. Otherwise standing in queues for 51 days for your own money is no joke. Any improvement in the system is for the benefit of the common people," he added
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Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis
Mumbai (PTI): Aviation watchdog DGCA on Friday eased the flight duty norms by allowing substitution of leaves with a weekly rest period amid massive operational disruptions at IndiGo, according to sources.
As per the revised Flight Duty Time Limitations (FDTL) norms, "no leave shall be substituted for weekly rest", which means that weekly rest period and leaves are to be treated separately. The clause was part of efforts to address fatigue issues among the pilots.
Citing IndiGo flight disruptions, sources told PTI that the Directorate General of Civil Aviation (DGCA) has decided to withdraw the provision 'no leave shall be substituted for weekly rest' from the FDTL norms.
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"In view of the ongoing operational disruptions and representations received from various airlines regarding the need to ensure continuity and stability of operations, it has been considered necessary to review the said provision," DGCA said in a communication dated December 5.
The gaps in planning ahead of the implementation of the revised FDTL, the second phase of which came into force from November 1, have resulted in crew shortage at IndiGo and is one of the key reasons for the current disruptions.
#BREAKING: #DGCA relaxes a clause which debarred airlines to club leaves with weekly rest to mitigate #IndiGo crisis
— Economic Times (@EconomicTimes) December 5, 2025
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