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Customs duty cut on aircraft parts announced in Budget 2026 to reduce cost of maintenance: Boeing

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Customs duty cut on aircraft parts announced in Budget 2026 to reduce cost of maintenance: Boeing


New Delhi: The Union Budget 2026, in a significant policy push to India’s aviation manufacturing ecosystem for strong industry endorsement, removed basic customs duty (BCD) on aircraft components and parts, aiming to boost India’s aviation manufacturing ecosystem and reduce import dependence.

Boeing welcomed the government’s decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector. This move is expected to reduce manufacturing costs by 5-7% and support local players such as Hindustan Aeronautics Ltd (HAL) and MRO providers.

A Boeing official said, “By exempting basic customs duty on raw materials and components, the government has lowered entry barriers and reduced costs for manufacturers and suppliers, a long-standing industry demand and directly reduced the cost of aircraft maintenance in India.”

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Boeing India welcomed the move, citing reduced maintenance costs and accelerated industrial growth. “This reform strengthens the foundation for domestic production, deepens the aerospace supply chain, makes Indian Maintenance, Repair and Overhaul (MROs) more competitive with global hubs, and accelerates the Make in India vision of establishing India as a leader in aviation manufacturing and services,” he added.

Boeing projects that India and South Asia will require nearly 3,300 new commercial aeroplanes over the next two decades, driven by rapid economic growth, expanding middle-class travel, and increasing connectivity.

“This growth is reshaping travel patterns, enabling greater point-to-point connectivity across India and into international markets. To support the expected fleet growth, investment in the South Asia region’s industry will require more than USD 195 billion in aviation services, including maintenance, repair and modifications, digital services and training,” the official said.

Boeing projects the India and South Asia aviation industry will also need approximately 141,000 new professionals, including about 45,000 pilots, 45,000 technicians and 51,000 cabin crew, over the next two decades.

“On the supply side, we are progressively increasing production rates across key programs as supply-chain stability improves. Equally important, we are investing in the ecosystem that surrounds the aircraft – engineering capability, maintenance readiness, logistics infrastructure, and workforce development, to ensure growth is sustainable and predictable,” he said.

“Investments across co-production and co-development, MRO capability, spares availability, digital solutions for predictive maintenance, and workforce skilling, including programs such as the Boeing Kaushal skilling program, and STEM initiatives like the Boeing Sukanya Program, reflect this long-term approach. By combining advanced aircraft deliveries with deeper local capability, we are positioning India as a core pillar of Boeing’s global aviation ecosystem, not just a destination market,” he said.

Air India’s recent order for 30 additional Boeing 737 MAX aircraft, including 20 737-8 and 10 737-10 jets, further underscores Boeing’s strong presence in the Indian market.

“The 737 MAX family is the world’s most successful single-aisle platform, offering unmatched efficiency, flexibility, and reliability. With a 20% reduction in fuel use and CO₂ emissions, and more than 1 million passengers flying on a MAX every day, it’s a proven backbone of global aviation. India’s aviation sector is entering a new growth phase, already the world’s third-largest domestic market, expanding rapidly into Tier-2 and Tier-3 cities, and driving demand for modern fleets.”

“We see tremendous opportunity here, and Boeing is committed to supporting India’s airlines with innovation, capability, and partnership that go beyond aircraft sales,” the Boeing official said.

Boeing also highlighted its Boeing University Innovation Leadership Development (BUILD) program as a catalyst for India’s startup ecosystem.

“Over five years, we have created a platform that de-risks early innovation by providing structured mentorship, industry expertise, incubation partnerships, and investor access. This accelerates the journey from concept to commercialisation and prepares startups for scale. The impact is twofold: we strengthen India’s innovation ecosystem and directly advance the Make in India vision by turning homegrown ideas into market-ready capabilities, especially in advanced engineering and technology domains,” he said.



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Trump revokes landmark EPA ruling that greenhouse gases endanger public health

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Trump revokes landmark EPA ruling that greenhouse gases endanger public health



The White House calls it the largest deregulation in US history, but environmentalists say it will prove costly for Americans.



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Reliance bags US licence to buy Venezuela oil; may help replace Russian crude: Report – The Times of India

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Reliance bags US licence to buy Venezuela oil; may help replace Russian crude: Report – The Times of India


Issuing such approval to Reliance may accelerate Venezuela’s crude shipments. (AI image)

Reliance Industries (RIL) has been granted a general licence by the Donald Trump administration that will allow the company to crude oil directly from Venezuela without breaching any existing sanctions, a Reuters report has said.According to the report, this general licence permits the acquisition, export, and sale of oil sourced from Venezuela that has already been produced, as well as its refining. Reliance had submitted its licence application in early January.Recently, US President Donald Trump removed the 25% punitive tariff on India and said that New Delhi would increase its purchases of oil from the United States and possibly from Venezuela as well.Earlier this month, after US authorities detained Venezuelan President Nicolas Maduro, officials in Washington indicated that sanctions on Venezuela’s energy sector would be relaxed. The move is intended to support a proposed $2 billion oil supply arrangement between Caracas and the United States, along with a broader $100 billion initiative aimed at rebuilding the nation’s oil infrastructure.

Venezuelan oil to replace Russian supply?

Issuing such approval to Reliance may accelerate Venezuela’s crude shipments while potentially lowering feedstock expenses for the company, which operates the world’s largest refining complex, the Reuters report said.Earlier this month, Reliance bought 2 million barrels of Venezuelan crude from trading firm Vitol. The trader, along with Trafigura, had been given US approvals to market and sell large volumes of Venezuelan oil following the capture of President Nicolas Maduro.Buying Venezuelan crude directly would allow Reliance to substitute Russian supplies in a more economical manner, as heavy oil from Caracas is typically available at discounted prices, the report said.Also Read | Trump removes 25% penal tariff: What happens if India stops buying Russian crude oil?Refining and trading sources said Indian refiners, including Reliance, are refraining from securing Russian oil cargoes for April delivery and are likely to continue avoiding such deals for some time. Reliance has in the past been a consistent buyer of Venezuelan crude for use at its sophisticated refining facilities but suspended imports in early 2025 after US sanctions were imposed. The company currently operates two refineries with a combined processing capacity of roughly 1.4 million barrels per day.



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‘Felt being used’: Employee shares being made to work more, promised promotion, but then…

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‘Felt being used’: Employee shares being made to work more, promised promotion, but then…


New Delhi: An employee has claimed on social media that the office misled them into believing that they were in line for a promotion and made them put in more work when they had already given the position to another colleague. This story highlights how employees are being asked to prove themselves for a promotion and how openly the office offers that position to others.

The employee wrote on Reddit that six months ago the manager went on parental leave and the employee was put in the manager’s role. Their manager explicitly said that after coming back he would not resume his role because he was not enjoying the role. When the employee got a temporary promotion, the office informed that the employee would be offered the position permanently if the performance was good for the coming six months. 

The employee put in extra hours, assumed greater responsibility and worked extremely hard to achieve the best position. At the end of the six months period, the employee kept asking the management for confirmation but the office did not give any confirmation. 

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The employee later called the manager who was on parental leave and asked him about the job confirmation. The manager explained that the post was promised to another colleague who was employed at the same time as the employee. It was informed that the role would be given to the other colleague. 

The employee said that despite working hard and putting in extra hours, the work was not rewarded. The employee felt used as they worked hard and delivered way beyond their targets and said that there was a feeling of taking revenge.

Netizens Reaction

The post quickly gained traction with several users suggesting that the employee find another job since this office did not value their effort. 

One user said, “Be exactly on time, leave exactly on time. Do what exactly you’re supposed to do and nothing more. Don’t volunteer for any other work, don’t work overtime and meanwhile find another job because this one does not value you. When you find something else, quit without notice.”

Another user said, “Managers do this all the time and I don’t think they understand how much it screws with motivation and trust once you realize what they’re doing.”

One user commented, “The second you return to work, immediately start looking for a new job and resign with no notice once you get an offer. Until then just keep your head down and act like everything is just Peaches & Herb.”

“Act your wage, don’t go above and beyond. Decline to train the new person since they don’t think you’re qualified for the role they can hardly pretend you’re qualified to train someone for it. And find a new job as soon as you are able to,” said one user.

One user said, “You got played, it sucks but it happens. It just shows you the company has no loyalty to you. Its up to you what you want to do with that information but might be time to look for a different job. Every place is like this though, its how the world works and its why everyone is so miserable.”



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