Civil Aviation Ministry working on new policy

Published on Fri, Jan 27, 2012 at 20:02 |  Source : PTI

Updated at Sat, Jan 28, 2012 at 15:04  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
Civil Aviation Ministry working on new policy

The Civil Aviation Ministry has started working overtime to formulate a new policy to cater to the latest concerns of the aviation industry, especially issues relating to its sustainability like jet fuel pricing, infrastructure, airfare pricing, safety and security.

A meeting of major stakeholders and senior Ministry officials was held today to list the entire gamut of issues, elicit the views of the industry and service providers and work out a consensus on the new Civil Aviation Policy, official sources said.

The meeting decided that all stakeholders should provide their opinion on the proposed policy by mid-February. The views would be put up on an official website for comments by all other stakeholders immediately thereafter, they said. Apart from airline and airport representatives, the meeting, chaired by Ministry Joint Secretary G Ashok Kumar, was attended among others by officials of consultancy firm KPMG, Centre for Asia Pacific Aviation (CAPA), industry bodies FICCI, CII and ASSOCHAM.

The next meeting the Ministry would have with the stakeholders is likely to be held next month, they said. ASSOCHAM suggested a separate air cargo policy to tone up infrastructure, formulation of a regulatory framework and induct modern technology in the fast-growing industry.

Projecting that 200 freighter planes would be required in the next 20 years, it said the government should upgrade infrastructure, attract domestic investment and ease FDI norms. It also suggested giving the sector infrastructure status and jet fuel a declared good to attract a flat four per cent sales tax across the country.

  

More on Moneycontrol

Trending News

Business News

Ubuntu comes to Android
10 reasons to invest in the MCX IPO "10 reasons to invest in the MCX IPO"

Sources Say CNBC-TV18 Exclusive KFA Commits To Pay Entire Outstanding In Tranches

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 22 2012, 16:15

Buy United Spirits; more pain for RCom: Tulsian

- in MARKET OUTLOOK

Interviews

Feb 22 2012, 15:22 | Source: CNBC-TV18

See margins over 3.5% in FY12: Allahabad Bank  

Feb 22 2012, 15:17 | Source: CNBC-TV18

Can't conclude on cement cartelisation; probe is on: Moily  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com