In the past decade, the Indian aviation industry has emerged as the 9th biggest aviation industry in the world. However, high taxes and slow pace of regulatory reforms have adversely impacted the growth of this industry.
Tag: Civil Aviation Authority
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Govt to set up new aviation regulator with more power
Government is considering a proposal to set up Civil Aviation Authority (CAA), which would be a new regulator in the sector by replacing the Directorate General of Civil Aviation (DGCA). Government wants to replace DGCA with the proposed regulator because the former has limited delegation of financial powers and hence it is "incapable of making adeq
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More watchdogs to be appointed by Civil Aviation Authority
Once the proposed Civil Aviation Authority (CAA) is constituted, one of the first things it is to do is to recruit people at market rates for use in regulatory purposes. Director General of Civil Aviation Arun Mishra said the CAA should begin functioning towards the latter half of the year with initial support from the Finance Ministry and thereafter through fees collected from airlines operators that is currently deposited into the Consolidated Fund of India.
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Ministry wants to replace DGCA with new regulatory body
The Union government is likely to place a new legislation in the ongoing session of Parliament that will replace the Director General of Civil Aviation (DGCA), the present regulator, with a new autonomous regulatory body. Civil Aviation Minister Ajit Singh said the Cabinet note on the creation of the new regulatory body — the Civil Aviation Authority (CAA) — was being prepared.