Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
The scheme will be running for five years.
UDAN 5.5
The Centre has announced the second round of its flagship regional air connectivity scheme UDAN (Ude Desh ka Aam Naagrik) aiming to boost the air connectivity in the region.
The UDAN 5.5 aims at facilitating last-mile connectivity in hill areas, hilly terrains, and in island territories.
The new round of the plan will auction off destinations which will be served by seaplane, chopper and small planes that can hold fewer than 20 passengers.
The 5.5 version is providing the operators with an opportunity to plan seaplane routes in the 80 water bodies including the waterdromes, ponds, and dams.
The scheme also incorporates about 400 helipads where the operators will be able to provide the chopper routes.
Klub-S Missile System
India has also entered into a contract with Russia to supply anti-ship cruise missile to the submarine fleet of the nation.
It will equip the Sindhu Ghosh-class diesel-electric sub-marines of the Indian Navy, which is a local version of the Kilo-class submarines of Moscow.
The Russia seizure version of the 3M-54 Kalibr anti-ship missile is a submarine fired missile known as the Klub-S.
This variant is distinguished with its supersonic properties and thus it is hard to be spotted by enemy defence.
It is also offering a long-range precision strike capabilities, where each missile is flying at an altitude of 10 to 15 meters (32 to 49 feet) against ground and naval targets with a maximum radius of 300 kilometers (186 miles).
New Income Tax Bill 2025
The new income tax bill was tabled by the Finance Minister in order to eliminate jargon in the 1961 Income Tax Act and simplify it so that it becomes understandable.
The existing law contained more than 800 sections but the proposed number of the sections was 536.
The new tax system has been based on the five five basic ideals and so the new tax is what people or individuals can follow as well as work.
These were described to be the following five principles: "Streamlined structure and language, Integrated and concise, Minimised litigation, Practical and transparent, Learn and adapt, and Efficient tax reforms".
This is given as 23 chapters as compared to 47 under The Income-tax Act.
It has 16 schedules, compared to 2 more than in the Act.