The Flip side of globalisation, as many Indian companies and even sectoral regulators would testify, is the increased levels of scrutiny by foreign regulators, especially US watchdogs.
On Wednesday, the government was forced to approve the creation of 75 crucial posts in the domestic aviation sector regulator DGCA to carry out safety inspection of airlines and private charter companies, largely under pressure to avoid a downgrade by the US regulator — the Federal Aviation Authority (FAA).
The non-implementation of these could have resulted in the downgrade of the DGCA on aviation safety count from the top Category I to a lower ranking, which would have implied that Air India and Jet Airways, which fly to the US, would not be allowed to hike the existing number of flights they operate and subject themselves to greater safety supervision in the US.
31/01/14 Anil Sasi/Financial Express
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On Wednesday, the government was forced to approve the creation of 75 crucial posts in the domestic aviation sector regulator DGCA to carry out safety inspection of airlines and private charter companies, largely under pressure to avoid a downgrade by the US regulator — the Federal Aviation Authority (FAA).
The non-implementation of these could have resulted in the downgrade of the DGCA on aviation safety count from the top Category I to a lower ranking, which would have implied that Air India and Jet Airways, which fly to the US, would not be allowed to hike the existing number of flights they operate and subject themselves to greater safety supervision in the US.
31/01/14 Anil Sasi/Financial Express
