Business
Commercial pilot license programmes at MYFLEDGE empowers aspiring pilots with ‘The Wings To Fly’
One of the fastest growing industries in the country today is the Civil Aviation Industry. It has become the third largest domestic aviation market in the world. In the next four years, this industry is going to witness tremendous growth with the development of airport infrastructure and the aviation navigation services are expected to develop multifold by 2026.
In the current economic situation, finding the perfect job that accelerates your career is a challenge. The aviation industry hardly disappoints enthusiasts. Good pilots are always sought after because this is a creme-de-la-creme niche, eligibility for which has a narrow window. Pilots are also the highest paid personnel in the Aviation sector. The biggest paradox here is many enthusiastic aspirants dreaming of soaring in the sky, shy away from pursuing this dream along with worries of eligibility. Some shy away, thinking that the trade-off between flight training costs and the immediate starting pay is not as rewarding as their dream. Some desert their dream as it takes too long to reach the apex level of the aviation hierarchy. Some list out location constraints, while some say it is the lack of good training.
Piyalee Chatterjee Ghosh busts these myths with her encouraging reply to aspiring pilots, saying, “Aviation is a career where you should not focus on the next 12 months, but instead on the next 40 years. The cumulative remuneration and growth beat any other career avenue.” She adds, “It takes a minimum of two years to train a pilot, more likely three. There are also stipulated requirements for re-training at several milestones. That is exactly what makes the job more gratifying. The opportunity to keep learning what you love and keep getting better at it is always there”.
The industry is thriving with India making commercial pilot licenses easier and faster to acquire to beat the shortage in airlines. India is estimated to have nearly 8,000 pilots for over 650 commercial aircraft fleets. The growth rate of the commercial aircraft fleet has led to an increase in the demand for over 28,000 pilots over the next two decades. There are over 400 expat pilots in India. Pilots themselves appear to be reasonably optimistic about medium- term job prospects. A poll of 2,600 commercial pilots was carried out last October by recruitment agency GOOSE with Flight Global Poll which indicated that 72 per cent think the industry will recover to its 2019 peak within three years. Two in three believe that by the middle of the decade, there will be a shortage of pilots.
Then there are a few who wonder how they can access quality training at their nearest location at the most competitive cost. Commercial Pilot License Program by Fledge Institute of Aviation and Hospitality powered by MyFledge, addresses the same and gives you the best in the aviation industry.
After working in the industry for a decade, Piyalee started Fledge Institute of Aviation and Hospitality in 2015. Since then, MyFledge has built a fleet of institutions that empowers Indian youth with skills to navigate a steady career in the aviation industry. Pioneered in the heart of India’s Silicon City, Bangalore, the group has specialised in aviation and hospitality skill learning. Over the past seven years, MyFledge has actively trained and placed over 2,600 students in Aviation, Hospitality, Cabin Crew, and Customer Service at various airline and airport companies. MyFledge has developed a world-class curriculum that fits the current demand of the aviation sector with the support of NSDC’s Aerospace and Aviation Sector Skill Council (AASSC). When it comes to coaching and training, Founder Piyalee Chatterjee Ghosh has proven expertise. She and her team of able mentors ensure that students experience a holistic learning environment that nurtures their inherent talents.
Aviation Master Trainer, Piyalee Chatterjee Ghosh recently conducted her first training session as a Master Trainer to over 60 pilot trainers across India in a 6-day workshop conducted by the government of India. It was an initiative by the AASSC.
MyFledge has adopted a training methodology inspired by European and Singaporean skill training institutes. Students are given a holistic approach to facing adversities and adapting to changes. The state-of-the-art study centers are in Guwahati, Mangalore, Raipur, Bhopal, Lucknow, Bangalore, and Mumbai. The organisation aims to open 50 new centers in early 2022 after unfolding its franchisee model. This movement aims to reach every service sector aspirant in India at their locatio
Business
India Set To Lead The World In 6G, Says Telecom Minister Jyotiraditya Scindia
In a bold declaration at the inaugural address of the Indian Mobile Congress 2024 (IMC) on Tuesday, Union Telecom Minister Jyotiraditya M. Scindia has said that India will lead the world in the adoption of 6G.
In his address at the event, Scindia emphasized that India is now prepared to lead the world in the development of 6G technology.
India’s Technological Rise: From Following to Leading
“It is our belief and commitment that India, which followed the world in 4G and marched with it in 5G, will lead the world in 6G,” Scindia stated.
The minister highlighted India’s remarkable achievements in the telecommunications sector over the last ten years, the country has become a global leader in innovation and technology.
“It’s a fundamental change in approach towards technology development,” he said, attributing this transformation to Prime Minister Narendra Modi’s leadership.
Telecom Sector Growth Under PM Modi’s Leadership
“Prime Minister who has always put people at the heart of progress Sabka Sath, Sabka Vikas Sabka Vishvas aur Sabka Prayas combined with his second motto, One Earth, One Family and One Future. It is combination of these two mottos that leads India under PM Narendra Modi leadership one of the leading sectors in the committee of Nations,” Scindia said.
Scindia underscored government’s initiatives to bridge the digital divide, particularly through the BharatNet program, the world’s largest rural broadband connectivity initiative to connect every panchayat of the nation. Over the past three years, the government has invested more than USD 10 billion and laid 7 lakh kilometres of fiber across rural India.
Digital Payments and UPI: Pillars of India’s Digital Economy
He cited staggering growth in mobile and broadband connectivity, with mobile connections rising from 94 million to 1.16 billion, and broadband users growing from 60 million to 924 million in just a decade. India’s optical fibre cable (OFC) networks has expanded from 11 million kilometers to 41 million kilometres over the last ten years, he added.
The minister further said that this growth is accompanied by the success of India’s digital payment systems, the 4G stack, and the Unified Payments Interface (UPI), which serve as pillars of India’s digital economy are expected to contribute significantly to the global digital infrastructure.
Scindia further noted that the government’s efforts to ensure that policy frameworks keep pace with the rapidly evolving digital landscape. “The recent changes to the Telecommunications act 2023 is a case in point. It has been drawing light upon hither to undressed areas such as a high potential sector of satellite communications, addressing the challenges of the digital leader. The most important being cyber security. The telecom sector much like other growth critical sectors in India is aggressive, is ambitioushe said.
“The telecom sector much like other growth critical sectors in India is aggressive, is ambitious and its outlook in our Journey from Amritkal to Shatabdikal is to lead the world,” Scindia said. By mid-next year, India will have achieved 100 per cent saturation of 4G across the entire country, covering even the most remote villages, the minister said.
He emphasised PM Modi’s vision of India as a first mover in 6G technology, underscoring the nation’s resolve to lead the world in future telecom innovations.
“The attitude put forward by the prime minister of not just embracing, but raising ourselves to becoming the first mover in the 6G technology,” he added.
Business
Indian Markets Gave Better Returns Than China In Last 5 Years, Says Sebi Member
Sebi Whole-time Member Ananth Narayan G on Monday reminded investors that Indian equities have consistently delivered 15 per cent returns over the last 5 years whereas the same has been zero or even negative in China.
Terming the Indian markets “sone pe suhaga” for delivering higher returns for lower risks, Narayan also flagged a few areas of caution for investors and asked them to be conscious of the risks.
“There’s a lot of talk about China markets over the last few days. But over the last five years, while Indian markets have given around 15 per cent compound annual growth rate consistently, Chinese markets are nowhere close to that. It’s almost zero. In fact, in some cases, like in Hong Kong, it’s actually negative,” Narayan said.
Speaking at an event marking the start of the Investor Awareness Week at NSE, Narayan said FY24 was a “remarkable” year for India, with the benchmark indices returning 28 per cent and the volatility just 10 per cent.
“That’s like ‘sone pe suhaga’. It’s like the best of all worlds: low risk and very high return,” Narayan said, underlining that there are side effects of this as well.
Making it clear that it will not be the same going forward and investors should not assume it to be a one-way street, Narayan said such handsome returns can lead to complacency and pointed to a lot of youngsters opening up demat accounts to join the bandwagon.
Educating people about risks is very important, Narayan said, giving the analogy of driving a car. “There has to be a light push on the accelerator to get more investors to provide risk capital for the economic growth, we also need to be aware of risks and use the brakes if need be.” He said that 40 per cent of the small and midcap scrips have shot up by 5 times in the last five years, because of an imbalance between inflow of investor money and supply of new paper.
On its part, the capital markets regulator is trying hard to ensure that fund-raising clearances are done early so that there is a steady stream of quality paper supply in the market.
From a broader, longer-term perspective, Indian markets will only go north from here given the economic growth prospects in the country, Narayan said, issuing specific advice to investors.
Investors need to have the right intermediaries to capitalise on this opportunity presented by India, and not fall for the unregistered and fly-by-night ‘finfluencers’ who might be driven by vested interests, he said.
Using the oft-repeated idiom of “all roads lead to Rome”, Narayan remarked that Rome is not a traveller-friendly place and one may get scammed there as well. Therefore, it is important to seek advice from the right people for the investors, he said.
He also said that it is in investors’ interests to trade less and stay invested for longer for higher returns, and added that studies prove the same.
Sebi, which has flagged certain areas like derivatives recently, is not against speculation or participants taking short-term trades, but it would want investors to understand the risks, Narayan said.
Business
Ratan Tata Rubbishes Rumors Of ‘Critical Health’; Says No Cause For Concern
Tata Group’s Ratan Tata has denied rumours of his critical health that have been reported and have surfaced in the recent hours.
Ratan Tata’s associates took to his official Instagram account to debunk the news of him being ‘Critical’.
In the post, Ratan Tata said, “I am aware of recent rumors circulating regarding my health and want to assure everyone that these claims are unfounded. I am currently undergoing medical check-ups due to my age and related medical conditions.
There is no cause for concern. I remain in good spirits and request that the public and media respect refrain from spreading misinformation.
For more than fifty years, Ratan Tata has led the Indian business community’s entrance hall. The 86-year-old has been suffering from illnesses associated with ageing. Tata has participated in social life to the best of his limited ability despite his health issues.
Recently, on the occasion of Gandhi Jayanti, on October 2, Ratan Tata, expressed his congratulations to the Prime Minister on this occasion. “I congratulate the honourable Prime Minister on the 10-year commemoration of programmes that have benefitted millions in rural India.”
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