IA strategy to stop pilots’ exodus

Indian Airlines, hit by an exodus of commanders and senior pilots to foreign airlines and domestic air taxi operators (ATOs), has chalked out a strategy to ensure their regular availability. Under the scheme, during 1994-95, the airline will train, upgrade and induct into its fleet about 150 co-pilots and 50 commanders for all the three types of aircraft — Boeing 737, A-300 and A-320 … The shortages have arisen because about 120 pilots have left the organisation in last two years. While some of them have left for greener pastures in Singapore, Thailand and the Gulf, others have been lured with higher compensation by ATOs.

Gold sale saves Mongolia

Impoverished Mongolia, whose foreign exchange reserves were virtually wiped out by inexperienced traders, recovered from its cash crisis by major sales of gold, a senior official said. It sold more than three tonnes of gold last year and will double production in 1994, according to Mr. Chook Chuluunbat, the first Deputy Governor of the Bank of Mongolia. Mongolia got an average of $392 an ounce for the gold it sent to the market last year, he said.

Slap Special 301 on India: US industry

The US Pharmaceutical Manufacturers’ Association (PMA) has branded India an unfair trade partner and demanded that the US Trade Representative slap Special 301 measures against (it). The PMA…accused India of infringing IPR laws, denying adequate and effective protection of patents for Pharmaceuticals and refusing to change its IPR regime … Under the provisions of the US trade laws, countries designated as priority foreign countries category could be subject to the initiation of a 'Special 301' investigation.

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