The understanding was reached on Monday.
Reliance-ASA on Monday emerged as the highest financial bidder for the Delhi airport modernisation project, offering 46 per cent of revenue share to government for the work.
Notwithstanding Civil Aviation Minister Praful Patel's announcement on FDI cap of 49 per cent for Mumbai and Delhi airport privatisation, the government it seems is planning to "rethink" the subject.
The Karnataka government plans to develop new airports at Gulbarga and Hassan.
In the last 10 days, at least two high-profile companies joined the long list of those whose mega projects have come under the ministry's scanner.
Union minister and Congress leader Vilasrao Deshmukh and two Nationalist Congress Party candidates were elected on Monday to the Rajya Sabha from Maharashtra. NCP leaders Govindrao Adik and Ranjitsinh Mohite Patil were elected to the Upper House of parliament against the seats vacated by Civil Aviation Minister Praful Patel and Supriya Sule after their election to Lok Sabha.
The Indian aviation industry would create 40 lakh (4 million) jobs in the next 10 years, Civil Aviation Minister Praful Patel said in Mumbai on Saturday.
Agriculture Minister Sharad Pawar on Tuesday complained of dizziness in Parliament after which he was rushed to a hospital. He was discharged in the evening.
The plan for 2010-14 envisages revenue enhancement and expenditure reduction over different phases, airline sources said.
The Sharad Pawar camp described the ruling as a "murder of democracy" which would be challenged in the Supreme Court.
Mallika Sherawat, spotted in a very sheer sari.
The South Asian Football Federation (SAFF) has decided to start a new tournament, SAFF Club Championships, with the inaugural edition to be held in Bangladesh from September 1-15.
The proposed merger of state-owned carriers Air-India and Indian is expected to be completed in the current financial year, Civil Aviation Minister Praful Patel said on Monday.
'This has been the history of these people,' Congress leader Ahmed Patel tells Sheela Bhatt.
FIFA has told India's football association to complete changes to its constitution
Prime Minister Manmohan Singh has assets worth around Rs 10.73 crore, double that of last year, but a number of his cabinet colleagues are much richer than him.
Air India will introduce new flights and also increase frequency of flights on various sectors from March 28, when summer schedule comes into effect.
Private airport developers in Delhi, Mumbai, Hyderabad and Bangalore, say landing and parking fees account for a significant proportion of revenues, so offering these services free would be unviable.
"It is a much more serious issue and is not like what the media is making it out to be, that Sharad Pawar is angry at being not made No 2. Being such a senior politician and minister, he has never asked for higher posts," says NCP spokesperson and Rajya Sabha member D P Tripathi
As the tussle for control of the Nationalist Congress Party hotted up after its vertical split, Sharad Pawar on Thursday declared he was the president of the party and hit back at nephew and Deputy Chief Minister Ajit Pawar's retirement jibe, saying he will work more effectively "whether 82 or 92."
Air India on Friday took back six out of its 57 employees, sacked following a flash strike days after the May 22 Mangalore air crash, and revoked the suspension of 27 others.
The All India Football Federation has received permission from the Sports Ministry to use the Jawaharlal Nehru Stadium for 40 days a year.
Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday said he aspired to become the CM of the state and also took a jibe at his 83-year-old uncle asking when will the Maratha strongman retire from active politics, as he appeared to be ahead in the numbers game for control of the Nationalist Congress Party after its vertical split.
Civil Aviation Minister Praful Patel on Tuesday said Finance Minister P Chidambaram has agreed "in principle" to infuse more equity in Indian Airlines and Air-India to enable them expand fleet.
In popular perception, the villain of the piece is former civil aviation minister Praful Patel.
The civil aviation industry was poised to generate about 20 lakh (2 million) jobs in the next five years, Union Civil Aviation Minister Praful Patel said in Mumbai on Friday.
Lok Sabha polls in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20. Counting of votes will be held on June 4.
The Union Cabinet on Thursday referred the proposal for allowing People of Indian Origin to invest in domestic airlines on par with NRIs to a Group of Ministers.
The understanding was reached during a meeting between Environment Minister Jairam Ramesh and Civil Aviation Minister Praful Patel in New Delhi to decide the fate of the airport which has been embroiled in 'green' wrangle.
The crucial, neck-to-neck contest was necessitated as the Bharatiya Janata Party fielded three candidates while Shiv Sena put up two and Congress and the Nationalist Congress Party one each.
Strengthening the Indian Airlines and Air-India and putting in place a comprehensive civil aviation policy would be accorded top priority by the new government, Union Civil Aviation minister Praful Patel said on Monday.
After months of uncertainty, there is finally a glimmer of hope for the proposed Navi Mumbai airport. Environment & Forests Minister Jairam Ramesh told a TV channel today that he had already spoken to his counterpart in the aviation ministry, Praful Patel, and hoped "to find a compromise soon". "There will be an agreement. Our team is going to Navi Mumbai," Ramesh said.
Even in the domestic aviation scene, consolidation talks are on among some private airlines.
The carriers are divided over Patel's suggestions to increase tariffs.
The government had earlier warned that the management was free to take any action against them.
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