The Centre has approved the monetisation of public funded, operational National Highway projects that are generating toll revenue for at least two years after start of operations through the Toll-Operate-Transfer Model.
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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.