Seeking to make travel between tier-II cities faster, the centre has
proposed developing airports in partnership with private players. As
part of the regional connectivity plan, Finance Minister Arun Jaitley
announced in the Budget that select airports will be developed and
maintained under PPP mode.
"Airport Authority of India Act will be amended to enable effective monetisation of land assets. The resources, so raised, will be utilised for airport upgradation," Jaitley said while presenting the budget. Experts said the boost to the aviation sector will be crucial for the growth of transport sector.
This will also create competition among different modes of transport as it will also prove to be less time consuming. The Civil Aviation Ministry received a substantial increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore for the next financial year.
Meanwhile, the budgetary funds for aviation watchdog DGCA has been stepped up significantly to Rs 230.56 crore for 2017- 18. The amount is at Rs 29.67 crore for the current fiscal. Significantly, UN aviation watchdog, International Civil Aviation Organisation (ICAO) is scheduled to audit India's air safety preparedness in the second half of this year.
To Read the News in Full 02/02/17 Mail Today
"Airport Authority of India Act will be amended to enable effective monetisation of land assets. The resources, so raised, will be utilised for airport upgradation," Jaitley said while presenting the budget. Experts said the boost to the aviation sector will be crucial for the growth of transport sector.
This will also create competition among different modes of transport as it will also prove to be less time consuming. The Civil Aviation Ministry received a substantial increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore for the next financial year.
Meanwhile, the budgetary funds for aviation watchdog DGCA has been stepped up significantly to Rs 230.56 crore for 2017- 18. The amount is at Rs 29.67 crore for the current fiscal. Significantly, UN aviation watchdog, International Civil Aviation Organisation (ICAO) is scheduled to audit India's air safety preparedness in the second half of this year.
To Read the News in Full 02/02/17 Mail Today
No comments:
Post a Comment