The central government is likely to announce a restructuring-cum-revival package for Hindustan Shipyard Ltd (HSL), the largest public sector shipyard, at a cost of around Rs 830 crore (Rs 8.3 billion) in the coming Budget.
Regional airlines that have received approval include MDLR, Jagson Airlines, Star Aviation and Zav Air. Others like Mega Airways and Premier Airlines are still awaiting approval.
With SpiceJet and Simplifly Deccan all set to give away similar throw-away offers and GoAir looking for similar tie-ups with travel portals, air travellers can expect around 25,000 such cheap-fare tickets on offer up to April 15.
At this price, the ticket would be about 65 per cent cheaper than other return fares.
Mumbai rail service may get a facelift as the Union Railway Minister Lalu Prasad Yadav announces the Phase II of developmental plans this Budget.
The high tax regime makes aircraft service above 50 per cent more expensive than international rates and might spell trouble for over a dozen MRO projects -- several of them involving foreign direct investment that have been announced so far.
On long-haul routes to Bangalore and Hyderabad, new airports being built under public-private partnerships, the increase could be roughly Rs 1,000. In Delhi and Mumbai, which are being modernised under PPPs, the increase could be a smaller Rs 300 on similar routes because these airports do not charge development fees.
Russian Prime Minister Victor Zubkov, who arrives in New Delhi on February 12, is leading a delegation of over 150 CEOs
The commerce ministry has endorsed India Inc's stand against signing a free trade agreement (FTA) with China until it becomes a market economy that follows transparent pricing of manufactured goods and services.
The government recently allowed the foreign carriers to have a 74 per cent stake in Indian cargo carriers. A total of 49 per cent FDI was earlier allowed in the cargo sector, but no investment by a foreign airline was permitted.
Central ministries as a whole are expected to get an increase of only 15 per cent in gross budgetary support for 2008-09, much lower than the 62 per cent increase they had demanded.
With anti-competitive practices of global pharma companies increasingly coming under regulatory scrutiny internationally, Indian public interest groups and the domestic medicine makers complain that India's competitive laws are not equipped to face a similar situation of monopoly in the sales of patent protected medicines in the country.
Hopper, short-haul flights lift performance.
The Andhra Pradesh government will invite expressions of interest for eight minor airports to come up in the hinterlands under a public-private sector initiative. The airports will be set up in Nellore, Kothagudem, Tadepallegudam, Bobbili, Ramagundam, Kurnool, Nizamabad and Ongole. Each airport project is expected to cost Rs 50 crore (Rs 500 million).
Almost 200 out of 400 weekly domestic and international flights in and out of Kochi will be severely affected with the airport authorities deciding to close the runway from 10 am to 8 pm every day for seven months starting November this year.
Delhi Airport has reduced the minimum annual guarantee paid by duty-free operator, Alpha Future.
In a bid to assuage corporate India's fears over key aspects of the Competition Act, 2007, the Competition Commission of India has decided to ensure that 90 per cent merger and acquisition proposals put up for its approval are cleared within 60 days. The present timeline is 210 days.
The Rajiv Gandhi International Airport, which is being developed by GMR on the outskirts of Hyderabad, will be the first greenfield public-private partnership (PPP) airport to be operational in March 16.
This season, even as airlines hike fares and go stingy on discounts, customers are gaining from the various offers given by travel portals.
The new government guideline against simultaneous take-off and landing of aircraft from the same runway (now one runway would be used for take-off and the other only for landing) will increase delays in flight movement by 40-50 per cent, say airlines.
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