Centre to ease restrictions on Indian airspace utilisation to reduce cost of flying: FM Sitharaman

Name: Centre to ease restrictions on Indian airspace utilisation to reduce cost of flying: FM Sitharaman
Uploaded: 2020-05-16T17:07:31+05:30
Description: Finance Minister Nirmala Sitharaman gives the finer details of the Rs 20 lakh crore stimulus announced by Prime Minister Narendra Modi earlier this week.

Finance Minister Nirmala Sitharaman gives the finer details of the Rs 20 lakh crore stimulus announced by Prime Minister Narendra Modi earlier this week.

Moneycontrol News

May 16, 2020 / 19:39 IST

Detailing the measures for easing economic hardships triggered by the coronavirus pandemic, Finance Minister Nirmala Sitharaman announced structural reforms in eight sectors: Coal, Minerals, Defence Production, Airports, Airspace Management, Maintenance Repair and Overhaul, Power Distribution companies in UTs and Space Atomic Energy.

Talking about reforms in airspace management, Sitharaman said that only 60 percent of Indian airspace was freely available. To ensure optimum utilisation of airspace, the government will ease restrictions on the utilisation of Indian airspace.

"The move will benefit the aviation sector to the tune of Rs 1,000 crore per year," the FM said.

Subsequently, it will also result in a reduction in fuel use and time. It will also have a positive impact on the environment, FM said.

In addition to benefiting the aviation sector, efficient management of airspace is likely to reduce the cost of flying for passengers.

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Centre to ease restrictions on Indian airspace utilisation to reduce cost of flying: FM Sitharaman

Finance Minister Nirmala Sitharaman gives the finer details of the Rs 20 lakh crore stimulus announced by Prime Minister Narendra Modi earlier this week.

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