Business
China, Pakistan step up TVET cooperation | The Express Tribune
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Students stitch clothes in a class at Punjab Vocational Training Council. PHOTO COURTESY: TVET RSP
BEIJING:
Chinese and Pakistani institutions have signed a batch of agreements for cooperation in technical and vocational education and training (TVET) at the China Annual Conference & Expo for International Education.
Eight Chinese vocational colleges from provinces including Jiangxi, Sichuan, Gansu, Anhui and Xinjiang reached cooperation deals with Pakistani partners. The agreements aim to boost TVET collaboration across industries such as manufacturing, agriculture, transportation, trade, etc. Three bases were unveiled to provide training to Pakistani students in Chinese language and vocational skills.
A China-Pakistan Industry-Education Integration Community was also established to support talent cultivation in sectors such as rail transit, electric vehicles, and textile and apparel manufacturing.
This article originally appeared on the China Economic Net
Business
SHANTI shields N-plants from safety oversight: Experts – The Times of India
NEW DELHI: The new nuclear energy bill, which was passed in Rajya Sabha by voice vote after a four-hour discussion while rejecting many amendments moved by opposition to send it to a parliamentary panel for scrutiny, marks a decisive shift in India’s nuclear governance, embedding safety oversight in law across the lifecycle of an atomic plant, unlike the existing framework that relied largely on executive discretion and post-accident accountability.Sustainable Harnessing of Nuclear Energy for Transforming India (SHANTI) Bill will allow private participation in India’s tightly controlled civil nuclear sector as the country seeks to meet its clean energy goals by 2047. As opposition raised safety and liability concerns, officials said it establishes a statutory safety regime that ensures continuous compliance rather than reliance on one-time permissions. It seeks to provide for a “pragmatic civil liability regime for nuclear damage and confer statutory status to Atomic Energy Regulatory Board (AERB)”.Officials said unlike the previous law – in which nuclear safety oversight was shaped largely by broad executive authority and administrative rules – SHANTI fundamentally recasts the framework by shifting to a “statutory, lifecycle-based regulatory regime”. Govt manages radiation risks and radioactive waste, but does not mandate separate safety authorisations or legally bind safety obligations to each phase of a nuclear plant’s life. AERB’s stage-wise consent process for construction, commissioning and operation existed only as an administrative practice. Civil Liability for Nuclear Damage (CLND) Act, 2010 further reinforced a post-accident approach by focusing on compensation and insurance rather than prevention.“These laws (Atomic Energy Act and CLND Act) treated safety primarily as a post-damage responsibility, rather than a proactive governance requirement,” said an official. SHANTI separates “permission to operate” from “permission to operate safely”, requiring both a licence and an independent safety authorisation. Any activity involving radiation exposure risk – including construction, operation, transport, storage, decommissioning, or waste management – will now require explicit safety approval.It also consolidates regulation, enforcement, civil liability and dispute resolution within a single statute, reducing legal complexity and compliance uncertainty. “It grants a clear statutory authority to AERB to inspect facilities, investigate incidents, issue binding directions, and suspend or cancel operations that do not meet safety standards. Regulatory action is no longer dependent on executive discretion. Accident prevention is significantly enhanced by legally recognising serious risk situations as nuclear incidents, even without actual damage,” said the official. Core functions such as fuel enrichment, spent-fuel reprocessing, and heavy water production will remain exclusively under Centre’s control.Anujesh Dwivedi, partner at Deloitte India, said continuing with the existing legal framework would make it difficult for nuclear energy to replace thermal power in the long run. “Over decades, India added only about 8GW of nuclear capacity. Scaling this up to 100GW by 2047- and potentially 300GW or more by 2070 – required major reforms, which these regulations seek to address,” he said.Meanwhile, PM Modi said passing of the bill marks a “transformational moment for our technology landscape”.
Business
American Airlines no longer lets basic economy flyers earn miles
American Airlines
Grant Baldwin | Getty Images
American Airlines customers flying on basic economy fares will no longer earn frequent flyer miles or points toward elite status, the carrier said this week.
“We routinely evaluate our fare products to remain competitive in the marketplace. Customers who purchase a Basic Economy ticket on December 17, 2025 and beyond will not earn AAdvantage miles or Loyalty Points towards AAdvantage status,” it said. “Basic Economy customers will continue to receive one free personal item and one free carry-on bag, free snacks, soft drinks and in-flight entertainment.”
Elite loyalty members will still be eligible for first-class upgrades on domestic flights if they’re on basic economy tickets, an American spokeswoman told CNBC.
Basic economy tickets are airlines’ cheapest but most restrictive fares, rolled out across the industry over the past decade. Generally, they do not allow customers to change their tickets without fees or pick their seats in advance.
The move comes as airlines across the board have been chasing customers who are willing to spend more to fly. American has fallen behind large rivals Delta Air Lines and United Airlines in the post-Covid luxury travel boom.
American’s change, posted earlier by X user JonNYC, follows a similar policy by competitor Delta Air Lines, which said travelers on its Delta Main Basic, or basic economy tickets, wouldn’t receive Delta SkyMiles.
United Airlines does allow its MileagePlus loyalty program members to earn miles on basic economy tickets, but it has a different limitation: Basic economy customers on most flights aren’t allowed to bring a carry-on bag.
American had the same restriction after it launched basic economy fares but backpedaled in 2018.
Southwest Airlines this year launched its first no-frills basic fares that stipulate those customers will board last and get a seat assignment at check-in and earn miles at a lower rate than more expensive fares.
Business
Space funding surge: India’s private space sector raises $150 million so far this fiscal, says INSPACe chief – The Times of India
India’s space industry has attracted $150 million in funding so far in the current financial year, marking the highest-ever fund mobilisation since the government opened up the sector to private participation in 2020, INSPACe Chairman Pawan Goenka said on Thursday, PTI reported.Speaking at the India Economic Forum in New Delhi, Goenka said the funding milestone had been reached earlier this week and total investments were expected to cross $200 million by the end of the financial year. “This year will see the highest funding ever for the space sector,” he said, adding that the expected inflows would be more than double what the sector raised in the previous fiscal.Goenka said investor interest in India’s space ecosystem had picked up sharply, driven by policy reforms and expanding commercial opportunities. He added that INSPACe, which acts as both promoter and regulator for private participation in the space sector, was working to sensitise investors about emerging opportunities across launch services, satellites and downstream applications.The INSPACe chairman said India’s space economy was currently valued at around $8 billion and was projected to grow to $44 billion by 2033.He noted that much of the demand for space start-ups was coming from government departments, which had earlier relied largely on ISRO for technological solutions. Goenka added that the private sector would need to play a larger role in developing space technologies for government use.He also said private companies should increasingly look at space start-ups for technology solutions relevant to their own business needs.
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