Surana, 53, is currently the CEO of Prize Petroleum Co Ltd, the upstream oil exploration arm of HPCL.
Earlier, former Chief Minister and AGP leader Prafulla Kumar Mahanta raised the issue of not decreasing fares, freight charges and food items despite drastic fall of petrol and diesel prices in the last couple of months.
"The government has envisaged an investment of USD 12.1 billion in the airport sector during the 12th plan period (2012-17), of which USD 9.3 billion is expected to come from the private sector for construction of new airports, expansion and modernisation of existing airports and development of low cost airports," Singh said.
The problem he believes lies with all those leaders who believed they will have a say in decision-making and are suddenly beginning to realize that there is almost a diktat being imposed on them, leading to the grumblings and grouses that one hears from Sushma Swaraj and LK Advani.
The national carrier earned a total revenue of Rs 20,259.24 crore and incurred total expenses of Rs 24248.82 crore in 2013-14. The airline incurred an estimated loss of Rs 3989.58 crore for 2013-14, which was lower than Rs 5490.16 crore in 2012-13
According to reports, DGCA had asked private airlines to offer special privileges to MPs, including advance notice of flight delays, lounge access and complimentary refreshments.
The ban on A380s was mainly due to concerns that foreign carriers may further hurt state-run Air India by grabbing a larger share of international traffic.
Speaking exclusively to CNBC-TV18's Shereen Bhan, Singh said there was a strong case for the national carrier to take the privatisation route with an equity infusion from either foreign or domestic partners.
As per rules, the Directors on the Board of a new venture have to get security clearance from the Home Ministry, only after which can they get an initial NOC.
Sources say that while the revenue share model in the MCA for the private developers have been finalised it is still awaiting legal vetting.
The mill owners are willing to pay Rs 225 for a quintal of sugar. The state government has advised a price of Rs 280, difference of Rs 55, the sugar business feels can be met either by way of a direct subsidy by the UP government or through a couple of other options.
Quoting mandatory ethanol blending and sugar purchase tax, Aviation Minister Ajit Singh says all political parties will have to be consulted for solving this issue, something the UP government should have done a long time back.
Shares of Bajaj Hindusthan were up 10 percent, Balrampur Chini gained 5 percent and Dhampur Sugar added 12 percent intraday on Wednesday.
Home ministry‘s opinion is not sought for approval of foreign investment in aviation. However, due to the bilateral agreement between India and UAE, civil aviation Minister Ajit Singh had recommended that the home ministry‘s view be sought.
In view of surplus domestic sugar output, Union Minister Ajit Singh today shot off a letter to Prime Minister Manmohan Singh demanding export sops and hike in import duty to improve finances of millers.
Maintaining that the entry of Tata-SIA Airlines would benefit the Indian aviation sector, Civil Aviation Minister Ajit Singh said SIA was globally known for its expertise in technical and managerial matters and was one of the best airlines in the world.
Finance Minister P Chidambaram has supported Civil Aviation Minister Ajit Singh's suggestion on doing away with a rule that bars Indian carriers from flying abroad unless they complete five years of service and own a 20-aircraft fleet.
While noting that it is very difficult for the government to run a service industry, Singh also said that employees and the management of Air India will have to understand that aviation is a very competitive market.
Asking the government not to take a "disastrous move" which will go against national interest, senior CPI leader D Raja said the government had promised to bring a civil aviation policy but did not do it in so many years.
With air fares soaring again, fair trade watchdog CCI is gearing up for a fresh probe into possible cartelisation among airlines to jack up prices, and it wants to gather more details this time around.
Civil aviation minister Ajit Singh on Friday said that he saw no issues with the Tata-Singapore Airlines deal. If it does arise, it will be for the corporate affairs ministry and civil aviation ministry to look into.
The Tata‘s will hold 51 percent and Singapore Airlines will get 49 percent. But the deal may face regulatory turbulence as Tata's also hold 30 percent in a joint venture (JV) with Air Asia India reports CNBC-TV18‘s Ronojoy Banerjee and Animesh Das.
The Home Secretary said no fresh incident has been reported and the situation was under control. Curfew in three police station areas of Muzaffarnagar - Civil Lines, Kotwali and Nai Mandi - was continuing and army was patrolling the troubled areas in Muzaffarnagar, Shamli and Meerut.
The Jet-Etihad deal is ready for takeoff as India's largest FDI investment in aviation has been given the green signal by the foreign investment promotion board. The nod has been given with 4 conditions and if both the airlines agree to it then the deal will be taken up by the cabinet.
The Central Vigilance Commission (CVC) sought a factual report from the ministry of Civil Aviation on a complaint of corruption in the deal between Jet Airways and Etihad Airways.