Air Kerala will take off on April 14, 2013'

[email protected] (CD Network)
October 9, 2012

airkerala 

 

Thiruvananthapuram, October 9: Air Kerala, the state government's airline, would be launched April 14, 2013, to coincide with Vishu, new year's day in the Malayalam calendar, says Chief Minister Oommen Chandy.

 

"It (Air Kerala) will be airborne April 14. The only question is whether the first flight will be an international or domestic one. Next month, we will be applying to the director general of civil aviation with the preliminary capital of Rs100 crore, which we will raise by then," Chandy, who is convalescing after a leg injury, told IANS during an exclusive chat.

 

The chief minister explained that under the rules, an airline can only fly international routes after completing five years of domestic service; there is also a stipulation about the number of aircraft that an airline operating internationally should have.

 

"But Air India Express was given a relaxation in rules when it started international operations. They said it was because it was a subsidiary of Air India. So, when the state government put up the application, we also sought similar exemption. Moreover, at the moment, we are given to understand that one foreign airline is allowed to fly in here, without observing these stipulations," Chandy said.

 

Chandy first took up the project in 2004. After he stepped down in 2006, the project lay in cold storage, during the tenure of the Left government. On returning as chief minister last May, one of the first decisions Chandy took was to revive this project. He has received support from Malayalee businessmen in the Middle East.

 

"We have, in principle, decided to float shares of Rs.10,000 each and we were surprised when our own Malayalee businessmen there (in the Middle East) who employ thousands of employees agreed to take shares in their employees' names. Each of them employ more than 20,000 employees, so the issue of raising money of Rs.500 crore is not at all a problem. We are confident our dream will soon take flight," Chandy said.

 

Chandy has drawn out a schedule, and fixed April 14 as the target date for launch of the new airline. And if Air Kerala is unable to fly international, it will at least take to domestic skies.

 

With Air India having opened a brand new hangar facility in the Thiruvananthapuram airport, Air Kerala, on entering into a contract with Air India and paying the maintenance charges, can use the hangar here, said the chief minister, adding that Air Kerala will also have access to the engineering department of Air India, so it will not need to recruit engineers.

 

Air India was given the land for setting up the hangar free of cost by the Kerala government. What this means, though, is that Air Kerala can only lease B-737-800 aircraft; these are what the hangar here is equipped to service.



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News Network
February 5,2020

Tightening control over companies misleading advertisements of medicines and products, the Indian government could soon slap a fine of up to Rs10 lakh and up to two years' imprisonment. While repeat offender could be fined up to Rs50 and imprisonment up to five years.

The Ministry of Health and Family Welfare's new draft of the Drugs and Magic Remedies (Objectionable Advertisements) (Amendment) Bill, 2020, provides extremely stringent penalties compared to the current law.

Under the new Act, companies advertising medicines and products falsely claiming to make a person fairer, improve height and memory or cure issues like hair loss or greying and premature ageing, among several others, may attract more stringent fines and jail time.

The current Act, 1954, leaves scope for companies to create deceptive advertisements as first time offender can be jailed for six months while repeat offender can be up to one year in prison, reported The Indian Express.

Under the Bill, deceptive advertisements will cover digital advertising, notice, circular, label, wrapper, invoice, banner and poster, among others. The government also plans to expand the scope of the law under the proposed amendments to cover 24 more deceptive claims not included in the current law, like medicines that can cure AIDS, change the sex of a foetus, among others, reported Livemint.

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News Network
March 5,2020

Bengaluru, Mar 5: Karnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.

Presenting the state budget for 2020-21 in the Assembly, he said Karnataka's share in central taxes has come down by Rs 8,887 crore in 2019-20 as per the revised budget estimates of the central government. Therefore the state's revenue resources have been reduced. Apart from this, Rs 3,000 crore GST compensation will also be reduced as collection from the GST compensation cess is not as expected, the Chief Minister said. "With all this it has become difficult to reach to reach the 2019-20 budget targets and to manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, an inevitable situation has arisen this year to cut down the expenditure of many departments," he added.

As per the interim report submitted by the 15th finance commission, there is a reduction in the state's share of central taxes to 3.64 per cent compared to 4.71 per cent fixed by the 14th finance commission. In view of this, there will be a reduction of Rs 11,215 crore in the state's share of central taxes in 2020-21 budget, when compared to the previous one.

He, however, noted that the allocation recommendation of the 15th finance commission is limited to one year only and the complete report for the period 2021-22 to 2025-26 will be submitted in October 2020.

"Our government will soon submit a revised memorandum to the commission to set right the loss caused to the state with regard allocation for the year 2020-21 and give more allocation for the remaining period," the Chief Minister said. He also said, when compared to the previous year, there is an increase of approximately Rs 10,000 crore for 2020-21 with regards to government employees salary, pension and interest on government loans, but there is no proportionate increase in resources as compared to committed expenditure. "Due to this reduction of the state's share of central taxes as per the 15th finance commission report and other developments, serious difficulties are being faced in resource mobilisation efforts of the state," Yediyurappa said. "This magnitude of economic difficulties was never faced in the previous years by our state," he added.

However, the state's own tax revenue collection is excellent during this year, he said. As compared to the previous year, there is a growth of 14 per cent in State GST collection. "Based on this, in the new budget, efforts are being made to manage the reduction in the share of central taxes by stabilising the state's own resources more", the Chief Minister said.

Karnataka recorded a gross state domestic product growth rate of 7.8 per cent in 2018-19 and Yediyurappa said for the current financial year it is estimated to be 6.8 per cent.

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coastaldigest.com news network
March 26,2020

Mangaluru, Mar 25 : Taking into account surge of COVID-19  cases in neighbouring districts, Dakshina Kannada district administration has decided to suspend retail sales at Central Market in Mangaluru and public will not be allowed to purchase at Central Market from Thursday.

Proper arrangements have been made for the public to buy from nearby grocery shops from 6 am till 12 noon. 
However strict social distancing has to be ensured by the vendors failing which action will be taken, warned Deputy Commissioner Sindhu B Rupesh. The public are advised to follow social distancing measures.

 

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