National airports operator Airports Authority of India (AAI) has enhanced its net profit to Rs.2,537.36 crore in the last fiscal as against a profit-after tax of Rs.1,959.22 crore in FY 15, Minister of State for Civil Aviation Jayant Sinha informed Parliament.
Tag: Jayant Sinha
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Finance Ministry comes to the rescue of Indian airlines
The Finance Ministry may come to the rescue of India´s ailing airline industry. Noting that airlines are among the biggest loss-making entities in aviation sector here, Minister of State for Finance Jayant Sinha will have a meeting with all carriers to discuss their woes.
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Govt may hire experts in banking surveillance: Finance Ministry
The government could hire experts in banking sector surveillance, the Finance Ministry said, as it seeks to avoid incidents like the alleged Rs.6,000 crore scam at Bank of Baroda. “We need specialised expertise in surveillance and analytical algorithm,” Minister of State for Finance Jayant Sinha said after a meeting with officials from public sector banks
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We need USD 200 bn a year for infra
Union Minister of State for Finance Jayant Sinha said that infrastructure development was a national priority and the country needs funds upto USD 200 billion
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The sum & substance
Finance Minister Arun Jaitley, at the recent CII AGM could not resist bringing in the travails of the land law during the address. ´The land law of 2013 is detrimental to rural India,´ he stated in alarm.
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