Union minister Ashok Gajapathi Raju said Uttar Pradesh has a vast potential in the field of civil aviation.
The govt is looking at 4 options before it for retaining a stake in Air India, which include keeping 49, 26, 24 or 0% stake in AI with itself, according to an official.
The chopper company is a 51:49 joint venture between the Civil Aviation Ministry and oil behemoth ONGC.
A Parl panel discussed various issues related to Air India disinvestment and civil aviation ministry’s demand for grants for the next fiscal.
The figure indicates a three-fold increase in the number of air travellers which was 265 million in 2016-2017.
There were nearly 100 incidents of illegal entry at Indira Gandhi International Airport in 2017, the govt informed Parliament.
The allocation is nearly three times higher than the amount of Rs 2,710.31 crore allocated to the ministry for this fiscal.
SpiceJet has announced 20 new non-stop domestic flights starting from February 11, aimed at strengthening its network across South India.
"Domestic air traffic is expected to grow 18-20 per cent and touch 125 million in the year to March 2018," Kaul said.
The Economic Survey tabled in Par cited the regional connectivity scheme UDAN as one of the important initiatives taken to spur the growth of the civil aviation sector.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1