Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
Jet Airways expects to return to profit in the next 18 months, following implementation of a new route network and fleet strategy and cost optimisation measures.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
For international travel, frequent flyers look at network and Air India's global network is weak.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
AirAsia is facing a legal challenge from Bharatiya Janata Party MP Subramanian Swamy, whose petition comes up for hearing at the Delhi HIgh Court on Wednesday.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
There is enough room for growth in smaller Indian towns as per US and European aircraft manufacturers
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
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