The government is likely to allow airlines to handle ground operations on their own in the countryĂ´s airports, a key change of stance that will meet the demand of carriers and end a court case on the matter. The change will be part of the new civil aviation policy.
Tag: Mumbai
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Mumbai-Ahmedabad in two hours
The proposed Mumbai-Ahmedabad high-speed corridor is estimated to cost Rs 98,805 crore.
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PPP framework and policies need to be revamped
Highlighting the role of the mass rapid transit system in the Indian urban transportation, Abhay Kumar Mishra, CEO, Mumbai Metro One Pvt Ltd, lauds the successful completion of the first year of the Mumbai Metro
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Airtel expands 4G network
Bharti Airtel has commissioned Nokia Networks to expand its 4G presence to six new (Mumbai, Kerala, Madhya Pradesh, Odisha, Punjab and West Bengal) circles. The company deployed Nokia NetworksĂ´ radio network.
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IDBI Bank raises Rs.2,500 crore
IDBI Bank has raised Rs 2,500 crore through Basel-III-compliant additional Tier-I (AT-I) bonds to enhance its capital adequacy. The coupon (interest rate) for AT-I bonds is 10.75 per cent payable annually.
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Aviation Sector: Status Check and Roadmap
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.
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Mobility solutions
The total investment required in urban transport works out to roughly about Rs.1 lakh crore per year for the next 20 years. It is important to find appropriate ways and means to be able to generate this kind of investment.The next phase of IndiaĂ´s growth is predominantly dependent on planned urbanisation and the key to planned urbanisation is robust.
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MIAL inks pact with Oasis for airport land development
Mumbai International Airport (MIAL) awarded 1.16 million sq ft of land parcel at the airport for Rs 580 crore to Oasis Realty for commercial development.
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Comprehensive infrastructure sustains Chinas rapid growth
Dr Liu Youfa, Consul General of China in Mumbai explains how ChinaĂ´s infrastructure growth strategy has been tailored to boost all-round national economic development.
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Transforming our cities
Cities that have a perfect socioeconomic set-up with an integrated technological base have become the need of the hour owing to the rapid pace of urbanisation. As India looks to develop 100 smart cities