The government is working on a new civil aviation policy which seeks to provide connectivity to the smaller cities even as domestic air traffic has been on a growth path the last year, President Pranab Mukherjee said. Last October, the Ministry had unveiled an elaborate and revised draft National Civil Aviation Policy and stakeholders were given time till November 30 to give their feedback. The Ministry had proposed a raft of measures to bolster regional air connectivity, including levying of additional cess and providing viability gap funding. The draft policy also focuses on proposals for tax sops and over 50 per cent FDI for Indian carriers. It moots setting up no-frills airports, VGF for airlines to enhance regional connectivity and talks about reviewing the decade-old 5/20 norm. Under the proposed policy, fares are to capped at Rs.2,500 for an hour-long flight under the regional connectivity scheme for places currently not covered. This may be finalised next month and implemented next fiscal.
FlashNews:
Hindalco to be a force for good with engineered solutions transformation: Kumarmangalam Birla
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
Fluence Launches Advanced Smartstack Platform for New Energy Storage Era
NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
NBCC Reports Robust 40% Surge in Net Profit
The time to invest in India’s energy sector is now, says PM Modi
Home » Aviation policy to focus on regional connectivity: Pres
Aviation policy to focus on regional connectivity: Pres
Aviation & Airports
March 1, 2016March 1, 2016

Leave a Reply
You must be logged in to post a comment.