The Airports Economic Regulatory Authority has turned down Bengaluru International Airport Ltd's (BIAL) proposal to increase User Development Fee (UDF) by 239 per cent for domestic and 79 per cent for international departing passengers from the airport.
Parliament on Tuesday cleared a Bill to remove legal hurdles that were coming in the way of appointing former Telecom Regulatory Authority of India chief Nripendra Misra as principal secretary to the prime minister amid strong opposition by Congress.
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
Govt to scrap 8 appellate tribunals; National Company Law Appellate Tribunal to take over Competition Appellate Tribunal's duties
The airport operator currently levies a development fee of Rs 600 from an international passenger and Rs 100 from a domestic traveller.
Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.
Private airports are much better but because of poor regulation, the tariffs have shot up.
Inter-ministerial group to meet on Thursday to finalise model concession pact.
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
Predatory pricing is a big concern for the aviation sector.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
With fewer passengers airlines bracing for a rise in operating costs due to a spike in crude prices
The temple town is likely to witness a major jump in tourist inflow once flagship projects are commissioned. In the first six months of 2022, more than 20 million tourists visited Ayodhya.
There is no reason for keeping an entire ministry with a total staff strength of 2,300, just for the oversight of a few aviation sector laws and regulatory bodies, notes A K Bhattacharya.
Indian airlines are expected to post a consolidated loss of $4.1 billion this fiscal, similar to what they are estimated to have incurred in 2020-21, taking the total losses of two years to around $8 billion as a result of the pandemic so far, aviation consultancy and research firm CAPA said on Thursday. In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year. However, despite this growth, it will be well below than around 140 million passenger volumes recorded in 2019-20, CAPA said in the report. This projection of the traffic volume does not take into account the anticipated third wave of the pandemic, it added.
Moving from pricing control to a free market means stiff competition.
With six airports handed over to the Adani group for 50 years, the government is now all set to hand over another 25 airports to private players in a bid to 'monetise' them. Official figures reveal that since 2017-18, the government has spent and will be spending Rs 14,500 crore on significantly revamping infrastructure at most of these airports before handing them over to private players. The Airports Authority of India (AAI), which operates these airports for the government, has spent billions of rupees in building new terminal buildings, runways, reinforcing taxiways, upgrading aircraft landing systems, radars and a host of other heavy duty and capital intensive infrastructure works.
A ministry's internal note proposes caps on minimum and maximum fares airlines can charge, keeping in mind their cost structure, profit margin and ensuring the last minute fares are not out of bounds of passengers.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
Pusapati was given detailed presentations on various aspects of the sector by senior officials of the Ministry.
Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
The future certainly looks good for Bangalore.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
'I feel more like a chess player, thinking for long hours how to make the next move," Telecom Secretary Aruna Sundararajan tells Surajeet Das Gupta.
20 new industrial clusters will be developed in 2014-15.
'The accusation that Pakistan risks losing sovereignty to China is emotive and has the potential to spread.' 'China will, however, remain intent on achieving its strategic ambitions of acquiring Gwadar port and securing a large chunk of Pakistan occupied Kashmir,' says former RA&W officer Jayadeva Ranade.
Govt keen to revive business sentiment in india.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
Ajit Balakrishnan reflects on pariahs, small businesses, and blockchains.
Overseas airlines can operate unlimited number of flights into and out of India.
'The two-word answer is: Proper oversight,' says T N Ninan.
Modi govt must bring about reforms to kick-start big-ticket infra projects.
Why is the government ignoring the advice of its own Economic Survey?
India must change approach and have better access to networks to fulfil its digitisation dream.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
The government has provided a long-term vision.
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