Flying out of Delhi will be cheaper from tomorrow

December 31, 2012

delhi

New Delhi, December 31: Flying out of Delhi would become cheaper from tomorrow, with the development fee (DF) charged by the operator of IGI airport here being reduced by Rs 100 for domestic and Rs 700 per international passenger.

 

The decision of GMR-led Delhi International Airport Limited (DIAL) to slash the charges followed a directive by Airports Economic Regulatory Authority (AERA) for charging Rs 100 and Rs 600 per embarking domestic and international passenger respectively from January one.

 

Civil Aviation Minister Ajit Singh had earlier directed DIAL and Mumbai International Airport Limited (MIAL) to abolish DF at the two airports with effect from tomorrow. Following this, DIAL had moved AERA, which, after consultations, decided to slash the rate which would remain effective till April 2016. Till today, DF being charged at Delhi airport was Rs 200 and Rs 1300 for domestice and international passengers respectively.

 

Welcoming the order, DIAL said in a statement the measure would "enable airlines to reduce the overall travel cost of passengers, thus giving a boost to the Indian aviation sector." In October, the Minister had also directed Airports Authority of India (AAI) not to levy DF at Chennai and Kolkata airports, which are being modernised by it.

 

AAI was also asked to infuse additional equity of approximately Rs 288 crore in MIAL and Rs 102 crore in DIAL, against its 26 per cent share in the equity in them. In case DF is abolished, the expected financing gap for MIAL will be estimated at about Rs 4,200 crore and for DIAL at about Rs 1,175 crore.

 

While DF is levied to meet cash flow requirements before completion of an airport upgrade project, User Development Fee (UDF) is charged for using the completed facility. At present, DF is levied at private-led Delhi and Mumbai airports, among others.

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News Network
May 24,2020

New Delhi, May 24: India witnessed the biggest ever spike of 6,767 positive cases in the last 24 hours, taking the total number of COVID-19 cases to 1,31,868, according to the Union Ministry of Health and Family Welfare.

As many as 147 deaths have been reported in the last 24 hours, taking the death toll to 3,867.
Out of the total number of cases, 73,560 are active and 54,440 have been cured/discharged and one migrated.

Maharashtra continues to remain the worst-affected state with 47,190 COVID-19 cases. It is followed by Tamil Nadu (15,512), Gujarat (13,664), and Delhi (12,910).

The nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19 has been extended till May 31.

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News Network
January 29,2020

New Delhi, Jan 29: The Janata Dal (United) today expelled its vice-president Prashant Kishor and senior leader Pavan Kumar accusing them of "anti-party" activities.

Both the leaders have been attacking the party leadership over its pro-CAA stand.

The spat between Nitish Kumar and Kishor was out in the open yesterday when the former reminded the political strategist that he was inducted into the party on the recommendation of Union home minister Amit Shah.

It all began when Nitish, while talking to the media here, said, “I don’t have any problem if he (Kishor) wants to leave the party. But if he wants to stay, then he will have to follow the basic structure of the party.”

Varma had also questioned the JDU's alliance with the BJP in Delhi Assembly polls while Kishor has more than once voiced his differences with the party known on the issue of CAA and NRC.
 

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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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