Ninety-one percent of Chinese believe democracy is important and 83 percent feel that their country is democratic. The corresponding India figures are 82 percent and 70 percent, respectively.
The bank transferred an overall surplus of Rs 65,876 crore during the year as against Rs 65,896 crore in 2014-15, representing a marginal decline of 0.03 percent.
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The Airports Economic Regulatory Authority's (AERA) has decided to halve Airport Development Fee (ADF) for all passengers departing Delhi airport. This will be effective from January 1.
Despite the civil aviation ministry showing remarkable urgency in seeking to abolish airport development fee (ADF), its efforts have hit a roadblock with Mumbai airport operator GVK expressing its inability to infuse additional equity into the joint venture (JV). CNBC-TV18‘s Sumit Jha reports.
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CNBC-TV18's Sumit Jha reports that the AAI has decided to infuse equity in MIAL and DIAL in a move to abolish ADF.
Passengers can expect some relief after airport development fee (ADF) is scrapped from January, said civil aviation minister Ajit Singh. He said that Airports Authority of India (AAI) has made around RS 5,000 crore in the last five years by charging ADF at Mumbai and Delhi airports.
Kapil Kaul, CEO, South Asia - CAPA explains to CNBC-TV18 that he welcomed the move by the government to abolish the ADF and said that allowing airport operators a free hand in raising equity was positive.
Air travel will get cheaper from Delhi and Mumbai airports after the civil aviation ministry has scrapped the levy of airport development fees (ADF) on passengers at the at these airports.
The Airport Development Fees (ADF) collected from passengers was "little unreasonable", the Supreme Court said today, and suggested that VIPs be charged like in abroad for use of special lounges instead of burdening common travellers.
Jet Airways senior vice-president M Shivkumar presents the airline‘s perspective to CNBC-TV18 on the hike in development charges by the developers of Delhi and Mumbai airports.
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The airport economic regulatory authority (AERA) will decide on this matter after it gets feedback from various stakeholders. CNBC-TV18’s Swati Khandelwal Jain reports more details on will the AERA may tamper with the project costs that have government approval.
Controversy around the airport development fee (ADF) refuses to die down. The Delhi high court has ordered GMR-led Delhi International Airport Limited (DIAL) to stop collecting ADF with immediate effect, reports CNBC-TV18’s Mehak Kasbekar.
The Supreme Court’s ruling on not exempting Delhi from airport development fee (ADF) seems to spark off another spat.
GMR Infrastructure has bounced back today. It touched an intraday high of Rs 40 and an intraday low of Rs 39. At 09:26 hrs the share was quoting at Rs 39.60, up Rs 1.20, or 3.13% on the NSE.
According to the latest update, 800 Air India pilots have decided to go on strike from midnight since the talks with the management have failed, reports CNBC-TV18.
The Supreme Court overturned a ruling of the Delhi High Court and quashed the airport development fees levied by two of India's busiest private sector-run airports in Delhi and Mumbai. Consequently, Mumbai airport has been barred from levying the fees, while Delhi airport will be able to continue to levy the fees, reports CNBC-TV18.
In what may come as a major boost for airlines, the Supreme Court today quashed the levy of airport development fee by private developers.
GMR Infrastructure touched an intraday high of Rs 39.75 and an intraday low of Rs 38. At 11:18 hrs the share was quoting at Rs 38.10, down Rs 1.65, or 4.15% on the NSE.