A proposal by the GMR Group for converting an aviation SEZ into a multi-product SEZ has been rejected by the Expert Appraisal Committee (EAC) under the Union Ministry of Environment, Forests and Climate Change

The decision of the Government of India to spend $10 billion towards airport infrastructure development is a critical move. India is one the few nations in the globe which has recorded a year-on-year passenger growth of nearly 23 per cent.

The new civil aviation policy is aimed at creating an ecosystem of affordable flying for the masses as well as easing industry-related concerns which were long due. To do so, the policy has addressed issues from the regulatory, financial and operational perspectives in a comprehensive manner in three main areas

The new aviation policy has brought in a lot of forward-looking changes to boost the slumping aviation industry; these changes have been made to make the industry more dynamic and lucrative for all the players and to level the playing field. One of the major changes which have been welcomed by the smaller airlines is that, prior to the policy change, an airline needed to have 20 planes and five years of local operations to fly overseas.

Airports are the next infrastructural buzzword that will be the game-changer in India´s developmental leap. This buzzword is expected to be exploited using existing growth drivers like exponential growth in passenger traffic and incremental cargo volumes over the next decade.

The reactions are positive and industry is also quite optimistic on the introduction of NCAP 2016. The objective of the government through NCAP is to establish an integrated ecosystem enabling significant growth of the civil aviation sector, which in turn would promote tourism, increase employment and lead to balanced regional growth.

The introduction of the Goods and Services Tax (GST) is in itself a path-breaking fiscal reform. Corporate tax and other indirect taxes may be revamped keeping in view GST requirement.

Sterlite Power has commissioned its fifth project, the Purulia-Kharagpur Transmission Project, which will supply 1,200 MW of electricity to Ranchi in Jharkhand and Purulia in West Bengal, the company has said in a statement.

The Telecom Commission has directed the Department of Telecom to seek clarity from the Telecom Regulatory Authority of India (TRAI) on whether the regulator can impose penalty on the operators for violation for interconnect norms