Union Minister of State for Civil Aviation, KC Venugopal told the Rajya Sabha on December 10 that the government has constantly been responding to changing scenario and undertaking sector-specific measures to facilitate and enable growth of the civil aviation sector.
Government has taken several measures to revive the aviation industry and ensure long term viability of the sector. These measures include:
(i) The issue of rationalization of VAT on ATF has been taken up with the state governments;
(ii) Director General of Foreign Trade has allowed direct import of ATF by airlines on actual user basis;
(iii) Foreign airlines have been allowed to invest in the equity of domestic carriers up to 49 per cent;
(iv)) ECB upto $ $1 billion has been permitted for the airlines to meet their working capital requirement; and
(v) Government has laid down Civil Aviation Authority Bill in Parliament.
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