With the ongoing Parliament session -- the last for this Lok Sabha, witnessing continued turmoil, there are indications that the legislation would be tabled in the Rajya Sabha so as to keep it alive for the new House to take it up.
To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
A draft bill to set up a powerful Civil Aviation Authority for better regulation of the aviation sector is in an advanced stage of getting the official nod, official sources said on Thursday.
The government on Tuesday withdrew the Airports Authority of India (Amendment) Bill, 2000, in the Lok Sabha saying it had decided to introduce a comprehensive legislation on the issue soon, Civil Aviation Minister Shahnawaz Hussain said.\n\n\n\n
The Civil Aviation Authority of India Bill 2013, which was introduced by Minister of State for Civil Aviation K C Venugopal, would provide the CAA full operational and financial autonomy to regulate all issues concerning civil aviation safety and protect the interests of consumers in a fast-changing aviation scenario.
Three bills were introduced in Lok Sabha on Tuesday amid uproar with members from Left parties trooping into the Well to protest against rising prices of onion while other members raised the Telangana issue.
This comes against the backdrop of rising concerns in various quarters about steep fluctuations in airfares.
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Such direct import was formally allowed in February 2012 but the aviation companies lack the infrastructure to do so.
Lok Sabha on Friday passed the Airports Authority of India (Amendment) Bill, 2003 paving the way for private investment in greenfield airports and restructuring of existing airports.
Air-India and Indian Airlines owe the Airports Authority of India Rs 432.6 crore (Rs 4.32 billion) causing the AAI a financial crunch, the Lok Sabha was informed on Monday.\n\n\n\n \n\n
The bill to set up an Airport Economic Regulatory Authority, which will fix tariffs for different agencies involved in airport operations and management, will be introduced in the budget session of Parliament next year.
While waiting for an independent aviation agency to be legislated, moves to address American aviation authority's audit rap.
The government on Monday assured the Rajya Sabha that it was not seeking to privatise the Airports Authority of India, but was only trying to spruce up the country's image by providing world-class airports.
The civil aviation minister is facing charges of 'milking' the PSUs for personal gains.
The steering committee on foreign direct investment has recommended enhancement of foreign direct investment limit in domestic airlines sector from 40 per cent to 49 per cent.
The civil aviation minister did not pay for the accommodation at Hotel Taj Exotica.
The airline not to be put on cash and carry mode
Lok Sabha on Thursday passed two bills before the proceedings were adjourned for the day amid continuous protests by opposition members over the Pegasus spying row and farmers' issue.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
Air India had stopped the practice of issuing tickets on credit to government agencies for the travel of their officials in December last year because of accruing pending bills.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
A court in Canada has ordered the seizure of amounts collected by the International Air Transport Association (IATA) on behalf of Air India and the Airports Authority of India (AAI). Separate orders were passed on November 24 and December 21 on pleas by shareholders of Devas Multimedia Private Limited who have filed multiple petitions to enforce arbitration awards against the Indian government. According to a Devas spokesperson, more than $30 million has been seized to date under the IATA action.
AI also working on proposal to trim pilots' pay 15-20%
An online system generates import-export code.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
SpiceJet in a statement said that there is no default in payment to AAI since January this year.
India had a transition from 'socialism with a limited entry to marketism without exit'.
Spicejet has sought extention from the Airports Authority of India over payment schedule.
Be it roads, railways, ports, civil aviation, energy or electricity, the Narendra Modi govt has invigorated all these sectors since it took over, says Arvind Panagariya.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
According to the SRC, the evacuation of eight lakh people is the largest-ever evacuation operation in the country.
Indian roads are far more unsafe than its railways. A sense of urgency is required to tackle India's embarrassing record on road safety.
Govt keen to revive business sentiment in india.
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We present Prime Minister Manmohan Singh's full speech as he addressed the country on the occasion of 66th Independence Day, from Red Fort, Delhi.
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