Industry watchers feel that the target for project implementation given by Finance Minister P Chidambaram to the shipping ministry for 2012-13 is unrealistic. The finance ministry gave a target of achieving a total investment of Rs 35,000 crore and a capacity addition of 244 million tonne during the year. The shipping ministry has managed to achieve 18 per cent of the targeted inves
Author: admin (Infratructure Today)
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RBI defers Basel norms for currency derivatives
In a notification, the Reserve Bank of India (RBI) said it delayed the implementation of Basel-III regulations for currency derivatives segment to January 2014. The central bank postponed the implementation for the segment pending resolution of norms regarding trade settlement. But the RBI said the new capital adequacy requirements will be implemented from April 1. In view of the shift in the start date of Basel III implementation, all ins
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Air India may turn into no frills airline
A five-member panel headed by IIM professor RH Dholakia has asked Air India, the Indian national air carrier, to take a cue from no-frill airline model and cut costs. This includes reducing 26,000-strong staff. The suggestion comes at a time while the country's aviation sector waits for the entry of foreign airlines like Air Asia, Air India may become a no-frills low cost operator.
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India records highest traffic for Abu Dhabi airport in Feb
For Abu Dhabi International Airport India recorded the highest traffic in February 2013, with traffic growing by 9.1 per cent over the same period last year, says a report by the Abu Dhabi Airports Company (ADAC). The traffic report for February 2013 showed a 13.1 per cent growth in passenger traffic over the same period last year, with over 1.2 million (1,221,686) passengers passing through the airport, ADAC said in a statement.
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Jet airways to up its international capacity
Jet Airways is to increase capacity on international routes and induct two Boeing 777s this year. The airline, which earns about 55 per cent of revenue from international operations, has leased five Boeing 777s to Thai Airways; the lease term would end this year.
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AI’s weekly 3 flights between Blore-Tirupati from Apr 1
To meet the holiday season rush of passengers between Bangalore and Tirupati, Air India will be launching new thrice-weekly flights from April 1 through its subsidiary Alliance Air.
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Land required for Tiruchi Airport expansion: AAI
Member (Operations), Airports Authority of India (AAI) GK Chaukiyal has said in Tiruchirapalli on March 27 that the next phase of expansion of the Tiruchi Airport would begin as soon as the required lands are made available by the Tamil Nadu State government. Proposals for the construction of an additional terminal building, to double the passenger handling capacity from the current 400, and a new control tower are under the active consideration of AAI, he said.
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AAI may form JV firm for aviation fuel handling
For aviation fuel handling in India, in the wake of governmentÂ’s decision to allow direct import of aviation fuel by Indian carriers, Airports Authority of India (AAI) will explore setting up of a Joint Venture (JV) company. Apart from AAI, stakeholders in the proposed JV company will be the three public sector oil companies, private oil companies like Reliance Industries, Essar Oil, and airline companies in the country.
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Govt should have abolished MAT on infra firms
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RBI policy rates by itself may not improve viability of projects
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