Current Affairs 27 June

  • No oil flow from Baghjan gas well site to water bodies: OIL

PSU major Oil India Limited on Friday said that no oil is flowing into water bodies from a gas well in Assam’s Baghjan following a blowout last month, as claimed in a video clip which has gone viral on social media. Floodwaters have entered the gas well fire site in Tinsukia district affecting efforts of the OIL authorities to cap the well and douse the blaze, the company said. The site of helipad earmarked earlier cannot be used now because of the presence of floodwater on the road and efforts are on to identify a new site to set up a helipad. Due to damage of Doomdooma-Baghjan Bridge, all movement on the bridge has been suspended.

OIL had contacted the Army for construction of a Bailey bridge but it can be done only after the water level recedes, the company said.

  • Massive backlog of Chinese imports at Mumbai airport, traders cry foul

The recent border skirmish with China and the consequent measures to fight with Beijing on economic grounds has resulted in a backlog of imports at the Mumbai International Airport. This comes even as traders and various associations are crying foul over delayed consignments. “Presently. about 70 per cent of Indian import consignments are checked through the automated route. However, since 23 June any consignment coming from China is being subjected to 100 per cent manual checks. The same is true for Mumbai airport. The 100 per cent examination is a huge task for the customs department,” a source told India Today.

  • Look for alternate sources of supplies: FICCI prepares action plan for industry amid India-China stand-off

Amid the ongoing border tensions with China and a call to boycott Chinese goods, industry chamber FICCI has prepared a five-point “PEACE” action plan — Productivity, Efficiency, Alternates, Competitiveness and Exports. Productivity: FICCI has urged its members to raise their productivity by setting benchmarks for themselves. The body will start a consultancy wing to assist members in raising productivity. Efficiency: While companies are asked to individually improving productivity and to reduce dependency, the efficiency of the whole ecosystem, too, needs to improve. Companies have been suggested to work with local and state governments to improve efficiency through reforms to improve the ease of doing business. Many of FICCI’s suggestions have been accepted and the body has had multiple interactions with the prime minister, the finance minister, chief ministers, and other ministries who have addressed many issues.

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