AERA hikes Bangalore airport charges; IATA opposes the move

June 16, 2014

New Delhi, Jun 16: Airport tariff regulator AERA has fixed Rs 1,368 and Rs 342 per international and domestic passenger as user development fee (UDF) and other charges for Bangalore's Kempegowda airport but the airlines have opposed the ''over 100 per cent'' hike in tariff.Bangalore airport

In a latest order, the Airports Economic Regulatory Authority (AERA) also fixed charges for aircraft landing, parking, housing and other charges from July 1 till March 31 next year and higher tariff rates from April 1, 2015 till March end 2016.

While only UDF levels were lowered for 2015-16 to Rs1,226 for embarking international passengers and Rs 306 for domestic passengers, all the other tariffs were hiked for this period.

Terming the move as "a double whammy to Indian aviation", IATA's Regional Vice President (Asia Pacific) Conrad Clifford said in a statement that international airlines operating to Bangalore would now face "a steep increase in their operating costs with a 145 per cent increase in landing charges and a 105 per cent increase in parking charges".

The official of the global airlines body said it was also "disappointing" that AERA "deviated from the single till approach" in the case of Kempegowda International Airport which was "contrary to what AERA had previously opined that the single till approach was most appropriate for India".

"This deviation in policy can increase costs for airlines and passengers, thus negatively impacting traffic. This will hurt an already fragile Indian aviation industry," Clifford said, adding that funding airport development was "not a valid justification to deviate from the single till approach."

Under the 'single till' principle, airport activities, both aeronautical and commercial, are taken into consideration to determine the level of airport charges. By contrast, only aeronautical activities are taken into consideration under the dual till principle.

Maintaining that funding of the airport could be done through other means like equity, loans and bonds, Clifford said: "Instead, airport users are being penalised by being a convenient source of funding. They are unfairly made to pay for facilities that have yet to be built."

The International Air Transport Association (IATA) has been stressing that aviation should be treated as a strategic national asset that would pay dividends to the Indian economy.

Aviation supports 8.8 million Indian jobs and underpins 1.5 per cent of GDP, as per IATA figures.

"This could be a lot more. And the more globally connected that India is, the more opportunities will be created for jobs, trade and inward investment. AERA's decision is a step backwards for Indian aviation," the IATA officer said from Singapore.

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Agencies
May 27,2020

New Delhi, May 27: The government has further extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over one-and-a-half months to July 31.

This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders. The government had first invited bids showing interest in buying its stake, by May 2. It was then extended till June 13.

This has now been extended to 5 p.m. on July 31 in "view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19", an official notice put up by disinvestment department DIPAM late on Tuesday said.

Accordingly, the last date for submission of written queries or preliminary information memorandum has been pushed back to June 23 from the earlier deadline of May 16.

The disinvestment in BPCL involves the government selling its entire 52.98 per cent stake in the company to a strategic investor with transfer of management control. The government has barred PSUs from bidding for BPCL and expects private sector Indian players and global MNCs to bid for its stake. The government's stake in BPCL is worth around Rs 50,000 crore.

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News Network
February 21,2020

Thiruvananthapuram, Feb 21: Hindu temples, dedicated to Lord Shiva, witnessed heavy rush on Friday as devotees celebrated Maha Shivratri festival with traditional zeal and religious fervour across Kerala.

Cutting across age barriers, devotees, including women and children, thronged small and big shrines since early morning to offer prayers and take part in special poojas and rituals on the occasion.

Devotees used to mark the auspicious occasion by observing 'orikkal' (fasting), dedicating the leaves of Koovalam plant, which is considered holy according to Hindu tradition, to the Lord and by abandoning their sleep chanting 'Om Nama Shivaya' mantras.

Ardent devotees even remain awake throughout the night and spend their whole day in temples.

The Sreekandeswaram Mahadeva Temple here, Vadakkunnathan temple in Thrissur and Maha Deva temple in Vaikom were among the major shrines which witnessed heavy rush since early morning.

Temple authorities, especially Devaswom Boards which manage many major shrines in the state, have made elaborate arrangements in Shiva temples to ensure smooth darshan for devotees.

All arrangements have been put in place on the banks of River Periyar in Aluva in Ernakulam for 'Balitharppanam', a ritual in which people pay obeisance to their ancestors.

Performing the ritual on the midnight of Shivratri is considered auspicious by devotees.

Hundreds of 'bali taras' (specially erected platforms) have been set up on the banks of the river to perform the ritual and a large number of priests have been deployed to assist devotees.

Thousands of police personnel were deployed in view of the large turnout of devotees.

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News Network
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

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