The Oil Ministry proposes to raise the governmentĂÂŽs share by 5 per cent and insist on explorers accepting Delhi as the seat of any future arbitration, irrespective of any other provision in the agreement, for granting extension to production sharing contracts for small and marginal fields.
Tag: CESS
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Govt to collect cess to fund remote connectivity
A cess of Rs 40-50 per departing domestic passenger may be levied by the Union Ministry of Civil Aviation to part-fund connectivity to remote towns and cities soon. The Ministry is actively considering doing away with the present route dispersal guidelines, which require scheduled airlines to deploy at least 10 per cent capacity on routes which are otherwise not lucrative and connect remote areas, smaller towns and cities.
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Kannur airport by 2014
The construction of the runway at the upcoming Kannur airport will begin in 2012 and flight operations are expected to commence by 2014, according to the state Minister for Ports, Excise and Airports, K Babu.