The first flight under UDAN or regional connectivity scheme (RCS) is
likely to take to the skies later this month. The VGF is being given to
airlines as an incentive to operate cheap flights to tier-II and
tier-III towns to enable more people to fly.
In his Budget speech, Jaitley said the exemption is being provided for one year from the date of commencement of operations of the regional connectivity scheme as notified by the Ministry of Civil Aviation.
As per Budget documents, Air India will get Rs 1,800 crore as equity infusion in the next fiscal, besides another Rs 2,308 crore as government investment in public enterprises. Air India had asked for Rs 2,844 crore as equity from the government for the fiscal year starting April 2017. For 2016-17, Air India was allocated Rs 1,713 crore against a demand of Rs 3,911 crore.
To Read the News in Full 02/02/17 Deccan Herald
In his Budget speech, Jaitley said the exemption is being provided for one year from the date of commencement of operations of the regional connectivity scheme as notified by the Ministry of Civil Aviation.
As per Budget documents, Air India will get Rs 1,800 crore as equity infusion in the next fiscal, besides another Rs 2,308 crore as government investment in public enterprises. Air India had asked for Rs 2,844 crore as equity from the government for the fiscal year starting April 2017. For 2016-17, Air India was allocated Rs 1,713 crore against a demand of Rs 3,911 crore.
To Read the News in Full 02/02/17 Deccan Herald
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