Pioneer in short
DGCA to hire 38 consultants
Aviation regulator Directorate General of Civil Aviation (DGCA), which is facing a significant staff shortage, is looking to hire 38 consultants for airworthiness, air safety and other directorates. Applications have been sought for 24 consultants at the Directorate of Airworthiness and 6 consultants at the Directorate of Air Safety, according to a public notice. Besides, 5 senior consultants and 2 consultants would be hired at the Directorate of International Relations and Legal Affairs (DIRLA). The DGCA would also be taking a consultant at the Directorate of Flying Training, as per another public notice. All these consultants would be recruited on a contract basis, initially for one year, subject to certain conditions. The upper age limit for the applicants is 63 years. The regulator has been facing a staff crunch as nearly half of the sanctioned posts are lying vacant. On February 5, the civil aviation ministry told the LS that there were 1,630 sanctioned posts at the regulator as on January 15 and out of them, 787 positions were vacant.
Releasing $2.3 billion to Egypt: IMF
The International Monetary Fund says it allowing Egypt to draw on about $2.3 billion from an earlier approved loan, noting that the country has made progress in restoring economic stability and reducing inflation as part of a reform programme. The IMF said in a statement Wednesday that the decision to release the funding followed reviews of the Government reforms, which it credited with bringing about “a broad-based economic recovery” in the world’s most populous Arab country. It noted that the gross domestic product grew at a rate of 4.4 per cent from 2024 to 2025. A $3 billion bailout loan for Egypt approved in 2022 was increased to $8 billion in 2024 — an effort to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation that peaked at 38% in September 2023. Inflation fell to 11.9% in January, the Washington-based Fund said in its statement.
