The government of India has decided to set up new airports in small cities and Airport Authority of India is all set to issue tax free bonds in this financial year to raise funds up to Rs 1,000 crore. The funds thus raised will be used for the development of low-cost airports. Maturity period of these bonds is going o be ten years. Those who invest in these bonds will also get tax benefits. AAI Chairman VP Agarwal informed that raising Rs 1,000 crore will help to develop the proposed 51 new air
Tag: new airports
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Six new airports to come up in Rajasthan
In Rajasthan, as many as half-a-dozen new airports are either proposed or nearing completion. As such you can skip the tiresome journey to popular tourist and business towns in the state and opt for a flight, instead. The Airport Authority of India (AAI) has stated that its plans to open an airport at Sawai Madhopur, home to the big cats. A team of AAI will visit Sawai Madhopur to find the possibilities of flight operation from this part of the state.