With a market size of around $16 billion, India is the ninth largest civil aviation market in the world today. During the Eleventh Plan period (2007-12), passenger traffic grew at a CAGR of 11 per cent
Author: admin (Infratructure Today)
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Draft National Civil Aviation Policy (DNCAP) 2015 – Industry view
It provides a fillip for promotion of regional air connectivity. AAI will examine the feasibility of developing AAIĆĀ“s balance non-operational airports factoring the changed environment and the need for regional and remote area connectivity. For the non feasible, non-operational airports, other potential uses are being explored.
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Viability of the project and a reasonable rate of return are not ensured by the policy makers.
Satyan Nayar, Secretary General, Association of Private Airport Operators, shares his views on private participation in aviation infrastructure with Janaki Krishnamoorthi.
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Strategic petroleum caverns to be ready by May
The Indian Strategic Petroleum Reserve Ltd (ISPRL) will complete construction of the caverns in Mangaluru and Padur by March and May 2016 respectively.
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GAIL project: protest staged
Members of Social Democratic Party of India staged a demonstration at Karunkalpalayam in late February, urging the Central Government to restrain GAIL
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GAIL, IOL team to visit Iran in March for gas pipeline
The long proposed $4.5 mln undersea gas pipeline between Iran and India is likely to get some momentum.
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IndiaĆĀ“s oil demand to be highest: IEA
According to the IEAĆĀ“s World Energy Outlook-2015 report, IndiaĆĀ“s oil demand is projected to grow by 6 mln barrels per day (mb/d) from 3.8 mb/d in 2014 to 9.8 mb/d by 2040.
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Budget 2016-17: Clean energy cess doubled to Rs.400
Finance Minister Arun Jaitley has doubled the clean energy cess to Rs.400 per tonne of coal. He also introduced infrastructure cess on petrol, diesel and luxury cars.
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Govt refiners join forces for oil deals
Government refiners are jointly negotiating oil purchase deals with OPEC producers as the worldĆĀ“s third biggest consumer seizes on low prices to wrest better terms.
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ONGC gets green panel nod in Tripura
The CentreĆĀ“s green panel has given approval to ONGC for developing 30 wells and other infrastructure in Tripura, with investment of Rs.758 crore.