Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

In a first, the Narendra <keyword id="6360789" type="ORGANIZATION" weightage="100" keywordseo="Modi-Government">Modi government</keyword> is building an airport in Rajasthan where the airstrip will be used both as a runway and highway. 
 
The concrete track, Gadkari said, would be open to civilian traffic when there is no aircraft movement and would be shut for vehicles when a plane is landing or taking off. He did not disclose where in Rajasthan was the airport being built. 
 
The minister added that similar projects were being planned in hilly and border areas of Arunachal Pradesh, Meghalaya and Tripura, which would be built with aid from defence authorities. 
 The government is working on ways to boost regional air connectivity in the country. In new civil aviation policy, the <keyword id="3119605" type="UNKNOWN" weightage="100" keywordseo="Regional-Connectivity-Scheme">Regional Connectivity Scheme</keyword> (RCS) has been mooted that provides for various concessions to airlines. 
 
Under the scheme, air ticket prices would be capped at Rs 2,500 for one-hour flights on unserved and under-served routes. There are 394 unserved and 16 underserved airports in the country. As part of the RCS, the government plans to provide a Viability Gap Funding, which would be financed through the Regional Connectivity Fund.

Rajasthan to be the first airport runway in India to double as a highway

Mumbai, Feb 19 () No-frills carrier SpiceJet on Wednesday said it will launch 20 new flights on its domestic routes, including some services under the government's regional connectivity scheme, Udan, from late next month as part of the airline's summer schedule. The new flights, starting from March 29, include services to Patna from Amritsar, Varanasi and Guwahati. Besides, it will also launch flights on Hyderabad-Mangaluru, Bengaluru-Jabalpur and Mumbai-Aurangabad routes, all under the Regional Connectivity Scheme (RCS), for the first time on its network, the airline said in a release. The new services will fly daily and will be operated by a mix of Boeing 737-800 and Bombardier Q400 aircraft, it stated. These services will enhance connectivity between key metros and smaller cities, it said. With the commencement of these new flights, the airline will have a total of 52 flights connecting 12 cities under the RCS scheme, SpiceJet said. "We are excited to announce the launch of 20 new domestic flights. As we add newer cities and flights to our network, our focus remains firmly on connecting the unconnected parts of the country besides enhancing connectivity between metros and non-metros," SpiceJet Chief Commercial Officer Shilpa Bhatia was quoted as saying in the release. SpiceJet said it will also enhance its operations with additional frequencies on the Mumbai-Bagdogra and Mumbai-Chennai routes with the addition of a second and fifth flight, respectively.. The Hyderabad-Mangaluru and Guwahati-Delhi sectors would also have an additional flight in the summer schedule. IAS DRR

SpiceJet to launch 20 new flights on domestic routes

<ul><li>The <keyword id="44734" type="ORGANIZATION" weightage="20" keywordseo="Indian-Government">Indian government</keyword> has proposed a draft scheme called ‘<keyword id="6815642" type="UNKNOWN" weightage="20" keywordseo="UDAN-international">UDAN international</keyword>’ to encourage international <keyword id="6354691" type="UNKNOWN" weightage="20" keywordseo="Air-travel">air travel</keyword>. </li><li>The <keyword id="6366656" type="UNKNOWN" weightage="20" keywordseo="udan">UDAN</keyword> international scheme, if implemented properly, with serve towards <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>’s ambition of becoming the world’s third largest <keyword id="31907" type="COMPANY" weightage="20" keywordseo="Aviation">aviation</keyword> market by 2020. </li><li>That being said, the subsidy burden may be excessive with crude oil prices set to increase in the near future due to the US sanction on Iran. </li></ul>After the success of the <keyword id="6368066" type="UNKNOWN" weightage="20" keywordseo="regional-connectivity">Regional Connectivity</keyword> Scheme (RCS), or UDAN, encouraging air travel in India, the government is now mulling over encouraging tourism through international air routes using the same model. The <a href="http://www.civilaviation.gov.in/sites/default/files/Draft%20UDAN%20Scheme%20document.pdf">draft scheme document</a> for ‘UDAN international’ highlights how state governments can offer subsidies to domestic airline carriers over a period of three years. 
	
	
	<div type="twitter" handle="sureshpprabhu" handlename="Suresh Prabhu" image="http://pbs.twimg.com/profile_images/934764717565865986/hiVqsbBN_normal.jpg" favoritecount="425" retweetcount="83" status="The @MoCA_GoI has released the Draft Scheme Document of International Air Connectivity Scheme – UDAN (International… https://t.co/YlywikNIDQ" createdat="1534919288000" id="1032152422074875904"></div>







 The scheme’s metric for measurement is the goal of reaching ₹20 crore in international ticketing by 2027. Stakeholders and feedback on the draft is open till September 4. Pros and cons of implementing UDAAN international When the original UDAN scheme rolled out, the aim was was to encourage <keyword id="44023" type="ORGANIZATION" weightage="20" keywordseo="airlines">airlines</keyword> to operate out of the 398 ‘unserved’ airports in the country. These were airports that hosted no commercial flights whatsoever. The goal of the subsidy was to incentivise airlines that didn’t find it lucrative to operate out of small cities. Hence, even through UDAN international, the tourism sector in these cities could receive an impetus through faster air connectivity. That, in turn, would attract more infrastructure and investment. Subsidised airline tickets would also allow smaller regional airlines to compete on a level playing field against bigger airline carriers. The issue lies in the fact that, at the end of the day, subsidies are a burden on the government. Coupled with the fact that global oil prices will probably increase due to the strain on the global supply of crude oil as a result of the Iran sanctions, the burden starts to get especially heavy. Not to mention that Iran is one of India’s biggest suppliers of crude oil. Second, one of the negative externalities of the RCS was that when there’s more traffic, there’s a need for more security. The boom in demand may be good for business, but if your own security force <a href="https://www.businessinsider.in/as-demand-for-air-travel-in-india-increases-so-may-the-prices/articleshow/65055589.cms">threatens</a> to leave because they haven’t been paid, it’s a problem. That being said, it’s the same boom in demand that will help India attain its goal of becoming the world’s third largest aviation market by 2020. How does it work? There are two parts to the process. The first part is where each state will identity the international routes that they need subsided, for which the Airports Authority of India (AAI) will determine the subsidy amount. And, the second part shifts the airline carriers where domestic airlines will bid on the percentage of flight capacity for which they need subsidies from the government for each route. At the end of the day, the airline that has the lowest quotes for a particular route, will get the subsidy for that passage. The financial subsidy will only be given out as per the number of seats left unsold, whatever the overall subsidy amount may be. While the AAI will be the nodal agency implementing the scheme, the subsidies will be distributed through an International Air Connectivity Fund (IACF) which will be set up using the contributions from different state governments. Developing these regional routes, in the long-term, feeds into major routes that brings growth to the aviation sector. The states of Assam and Andhra Pradesh have already proposed eight routes for the UDAN international scheme, with the former having announced Rs 100 crore as viability gap funding to promote international travel from the state. 
	
	
	<div type="twitter" handle="sureshpprabhu" handlename="Suresh Prabhu" image="http://pbs.twimg.com/profile_images/934764717565865986/hiVqsbBN_normal.jpg" favoritecount="146" retweetcount="41" status="The scheme will involve a State Government led effort wherein State Govts will propose the list of routes to be con… https://t.co/ydHmttQqvR" createdat="1534921128000" id="1032160141087408128"></div>







 The key difference between RCS and UDAN international scheme is that there’s no capping of prices. That basically means that consumer benefits where subsidised prices increase the pool of demand to include the budget-sensitive middle class citizens, won’t come into the picture.

UDAN international: Does the cost justify the returns with India’s new draft scheme?

Indian PM <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword> has said that states should have a significant say in the implementation of the <keyword id="4594143" type="UNKNOWN" weightage="100" keywordseo="Regional-air-connectivity">regional air connectivity</keyword> programme under the new civil aviation policy which is to be unveiled this week. 
 
He has said that giving states more space to decide on aviation-related matters is necessary since aviation should not only be a central subject. 
 
"The Prime Minister's Office had asked to provide more powers to states on deciding the airports they want to launch flights from and on a few other things," a senior ministry official told ET while requesting anonymity. The official added that these changes have been made in the policy document and have been sent to the Cabinet. 
 
As per the proposed regional connectivity scheme, the government will offer a subsidy to flights that connect currently non-operational airports at a pre-decided fare of Rs 2,500 per hour of flight. The analyst hired by the civil aviation ministry welcomed the government's move to bring states on board. 
 
"Giving powers to state will only make implementation better and is a welcome step," said Amrit Pandurangi, senior director at consultancy firm Deloitte. 
 
<a href="https://www.gadgetninja.in/wp-content/uploads/2015/01/o-NARENDRA-MODI-facebook.jpg">Image source</a>

Civil aviation should no longer be a central subject, asks PM Modi

Mumbai, Jan 25 () Air India's regional arm Alliance Air said on Saturday it will commence from Monday its flight service to Jharsuguda in Odisha from Kolkata.
The daily direct flight services on the Kolkata-Jharsuguda-Kolkata sector will be operated under the central government's regional connectivity scheme Udan, the airline said in a release.
Alliance Air will deploy its 70-seater ATR 72 600 aircraft on the new sector, it added.
The airline also announced all-inclusive one-way fares of Rs 2,758 for travel on the new route, as per the release. IAS MKJ

Alliance Air to commence Kolkata-Jharsuguda flight service from Jan 27

Low-cost carrier <keyword id="6358032" type="General" weightage="100" keywordseo="spicejet" source="Orion">SpiceJet</keyword> has entered into a full and final settlement with the <keyword id="54875" type="General" weightage="50" keywordseo="airports-authority-of-india" source="Orion">Airports Authority of India</keyword> (<keyword id="47439" type="General" weightage="80" keywordseo="aai" source="Orion">AAI</keyword>) and cleared all outstanding principal dues of the airport operator. With this, SpiceJet will no longer remain on "cash and carry" at AAI-run airports across the country and revert to advance payment mechanism for daily flight operations. According to the airline's spokesperson, SpiceJet's ability to clear the pending dues reflects the airline's improved cash flow in recent times. "In another big boost for the airline, AAI will release SpiceJet's Rs 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline," said the airline. SpiceJet has flown with the highest passenger load factor in the Indian skies for a record seven years. Starting April 2015, the airlines has recorded the highest occupancy among all Indian domestic airlines - a feat unparalleled in global aviation. The airline also holds the envious distinction of having flown with a Passenger Load Factor (PLF) of more than 90 per cent for a record 58 consecutive months. The airline's domestic network covers the length and breadth of the country with it operating to 51 domestic destinations. Pioneer of the regional connectivity scheme, SpiceJet is the country's largest regional player helping connect the remotest parts of the country by air. The airline's focus on providing direct flight connectivity to regional hubs not only ensures better connectivity, it also has a cascading effect on tourism and economic activity in the region. SpiceJet has added multiple <keyword id="6366656" type="General" weightage="50" keywordseo="udan" source="Orion">UDAN</keyword> destinations to the country's aviation map including Pakyong, Jharsuguda, Kandla, Darbhanga, Kanpur, Ajmer (Kishangarh), among others. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/top-10-cars-sold-in-india-in-july-2022-maruti-suzuki-tata-and-hyundai-brand-in-only-top-10/slidelist/93289907.cms">Top cars sold in India in July 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/air-india-to-extend-the-flying-age-of-its-pilots-to-65/articleshow/93288865.cms">Air India to extend the flying age of its pilots to 65</a>

Spicejet clears all outstanding principal dues of AAI

Indian market has a lot of potential for regional aviation and if an operator plays the cards right, sustaining business is not an issue, <keyword id="6924336" type="General" weightage="20" keywordseo="Star-Air" source="Orion">Star Air</keyword> CEO, Simran Singh Tiwana has said. Tiwana also said that the airline is aiming to double its passenger volumes this year as it scales up its fleet and adds three new destinations excluding Jaipur which is set to be launched on Monday. Set up in 2019 by the Kolhapur-based diversified business house, Sanjay Ghodawat Group, the airline has a fleet of five Embraer aircraft operating to 16 destinations under the Central government's regional connectivity scheme, <keyword id="6366656" type="General" weightage="20" keywordseo="UDAN" source="Orion">UDAN</keyword>, from its two operational bases, Bengaluru and Belagavi. "India has a lot of regional potential, which remains untapped. I think regional travel might grow five-fold in the next five years." Tiwana said. Stating that it is "possible" to operate a regional airline in India successfully, he said, "You play your cards right, go for the right network, which in line with the aircraft you operate (and) that makes a big difference (in terms of sustaining operations). Star Air, according to him, is operationally profitable. "I think regional connectivity exists beyond short-haul routes. If we think it is connecting smaller stations with Mumbai, Delhi, among others, we need to think about it different," Tiwana added. He, however, said that wildlife issues, some gaps in the runways operations and watchout hours at certain UDAN airports remain some of the challenges for the regional air operators. "Our business model is not clashing with anybody else in India. We have a separate business, separate market and we are just trying to grow it," he said. "Our markets have been very different and we are eating into anybody's market share as we are doing all monopoly routes," emphasised. An all-Embraer planes operator, the airline owns four aircraft (E145), which are 60-seater and has signed lease agreement for four bigger, 76-seater E175, planes, he said. Of these, one has already been inducted into the fleet while the remaining three planes are planned to be inducted by September this year. According to him, the decision to own the aircraft in the initial years of setting up the airline helped it navigate during the pandemic and sustain operations as "operating an (an owned) aircraft and leased aircraft operations are all completely two different ball games." "And, I think a lot of startups (airlines) had it wrong," he said in an apparent reference to several regional airlines such <keyword id="3816110" type="General" weightage="20" keywordseo="Air-Pegasus" source="Orion">Air Pegasus</keyword>, <keyword id="946769" type="General" weightage="20" keywordseo="Air-Costa" source="Orion">Air Costa</keyword>, <keyword id="2546324" type="General" weightage="20" keywordseo="Air-Carnival" source="Orion">Air Carnival</keyword>, which started on regional routes with a bang but went belly up after over a period of time in the last 8-9 years. He said that in the last four-and-a-half years, the airline had been preparing to go into the lease model and added that "a good background of operations and cash flows made the lessors comfortable (in leasing out the planes). Stating that the launching flight services to Junagadh from Bangalore via Hyderabad, with the larger plane is aimed at both addressing the demand and also adding capacity in a measured tone, he said, "We don't want to be too aggressive. The routes we are flying on are trying to mature over the period of time." On Saturday, Star Air commenced operations of its Embraer E175 jet with a flight service on the Bangalore-Hyderabad-Jamnagar route, offering business class and economy, making it the first regional carrier to have aircraft in twin class configuration. The airline plans to operate 20 per cent of its flights on non-UDAN, he said and added that as many as 12 UDAN routes are expected to become mature in the coming months, which then can be converted into commercial routes. Tiwana also said that Star Air will be participating in the fifth round of the regional connectivity scheme. "The bidding has just opened a few days back. We have time up till June 1 to file the bids but we will be filing," he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/fii-inflows-may-remain-consistent-in-may-with-turn-in-rate-cycle/articleshow/100234813.cms">FII inflows may remain consistent in May with turn in rate cycle</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-5408-crore-in-q4-beats-estimates/articleshow/100189259.cms">Tata Motors posts net profit of ₹5,408 crore in Q4, beats estimates</a>

Regional connectivity exists beyond short-haul routes: Star Air

Low cost carrier <keyword id="6358032" type="General" weightage="100" keywordseo="spicejet" source="Orion">SpiceJet</keyword> is said to be in active discussion with a <keyword id="859863" type="General" weightage="50" keywordseo="middle-eastern" source="Orion">Middle Eastern</keyword> carrier for a possible stake sale. SpiceJet promoter <keyword id="6357826" type="General" weightage="50" keywordseo="ajay-singh" source="Orion">Ajay Singh</keyword> holds a stake of around 60 per cent in the budget carrier. Sources said a big Middle Eastern airline has expressed interest to pick a 24 per cent stake and a board seat in SpiceJet. A big Indian business conglomerate has also approached Singh for a stake in the airline. Reacting to the development, a <keyword id="1002649" type="General" weightage="50" keywordseo="spicejet-spokesperson" source="Orion">SpiceJet Spokesperson</keyword> said, "The company continues to be in discussions with various investors to secure sustainable financing and will make appropriate disclosures in accordance with applicable regulations." Earlier, on Tuesday, SpiceJet said that it entered into a full and final settlement with the <keyword id="54875" type="General" weightage="50" keywordseo="airports-authority-of-india" source="Orion">Airports Authority of India</keyword> (<keyword id="47439" type="General" weightage="50" keywordseo="aai" source="Orion">AAI</keyword>) and has cleared all outstanding principal dues of the airport operator. With this, SpiceJet will no longer remain on 'cash and carry' at AAI run airports across the country and will revert to advance payment mechanism for daily flight operations. SpiceJet's ability to clear the pending dues reflects the airline's improved cash flow in recent times. SpiceJet's domestic network covers the length and breadth of the country with the airline operating to 51 domestic destinations. <keyword id="16140" type="General" weightage="50" keywordseo="pioneer" source="Orion">Pioneer</keyword> of the regional connectivity scheme, SpiceJet is the country's largest regional player helping connect the remotest parts of the country by air. The airline's focus on providing direct flight connectivity to regional hubs not only ensures better connectivity, it also has a cascading effect on tourism and economic activity in the region. SpiceJet has added multiple <keyword id="6366656" type="General" weightage="50" keywordseo="udan" source="Orion">UDAN</keyword> destinations to the country's aviation map including Pakyong, Jharsuguda, Kandla, Darbhanga, Kanpur, Ajmer (<keyword id="194159" type="General" weightage="50" keywordseo="kishangarh" source="Orion">Kishangarh</keyword>), among others. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/sun-pharma-chairperson-israel-makov-to-retire-on-august-29/articleshow/93314360.cms">Sun Pharma Chairperson Israel Makov to retire on August 29</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/surgeons-use-virtual-reality-to-separate-twins-with-conjoined-heads-in-a-27-hour-long-surgery/articleshow/93314424.cms">Surgeons use virtual reality to separate twins with conjoined heads in a 27-hour-long surgery</a>

SpiceJet in active discussion with Middle Eastern carrier for a possible stake sale

The <keyword id="6354889" type="General" weightage="50" keywordseo="central-bureau-of-investigation" source="Orion">Central Bureau of Investigation</keyword> (CBI) on Thursday carried out raids at eleven locations across India including Gurugram and arrested six persons including officials of <keyword id="14392422" type="General" weightage="50" keywordseo="tata-projects-limited-and-power-grid-corporations" source="Orion">Tata Projects Limited and Power Grid Corporations</keyword> in connection with a corruption case. "B.S. Jha, the executive director of <keyword id="6368906" type="General" weightage="100" keywordseo="power-grid" source="Orion">Power Grid</keyword> has been arrested by us along with five others. Rs 93 lakh cash was also recovered from his house in Gurugram," said the source. The source said that <keyword id="14392421" type="General" weightage="50" keywordseo="desh-raj-and" source="Orion">Desh Raj and</keyword> R.N. singh working with <keyword id="2971015" type="General" weightage="80" keywordseo="tata-projects-limited" source="Orion">Tata Projects Limited</keyword> were also arrested in this connection. An FIR was lodged in this respect in February. There was an scheme for North East Region, North System Improvements scheme, which was for <keyword id="14392423" type="General" weightage="50" keywordseo="arunanchal-pradesh-and-sikkim" source="Orion">Arunanchal Pradesh and Sikkim</keyword>. The accused persons had got the tenders of the said project. As per allegations huge money was paid as bribe to get the project. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/lg-electronics-estimates-q2-operating-earnings-fall-by-12-on-weaker-demand/articleshow/92721180.cms">LG Electronics Q2 operating earnings fall by 12% on weaker demand</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/id-fresh-offers-stock-options-to-another-27-employees-aims-to-create-100-crorepatis-in-the-next-three-years/articleshow/92722488.cms">ID Fresh offers stock options to another 27 employees, aims to create 100 crorepatis in the next three years</a>

CBI arrests officials of Tata Projects and Power Grid among others in graft case

<ul><li><keyword id="43706" type="COMPANY" weightage="20" keywordseo="Honeywell">Honeywell</keyword> is developing a new software for <keyword id="31907" type="COMPANY" weightage="20" keywordseo="Aviation">aviation</keyword> at the request of the <keyword id="44734" type="ORGANIZATION" weightage="20" keywordseo="Indian-Government">Indian government</keyword>. </li><li>Their linguistic software will decode pilot’s <keyword id="1598899" type="PERSON" weightage="20" keywordseo="accents">accents</keyword> for air traffic controllers. </li><li>If the software is successful in India, Honeywell may expand its implementation to other parts of the world.</li></ul>With the world’s second highest number of <keyword id="6360075" type="UNKNOWN" weightage="20" keywordseo="Languages">languages</keyword> within its purview, it’s not surprising that India is an attractive destination for Honeywell International Inc. to test their <a href="https://www.livemint.com/Companies/NxfZoV7GoC9XHxtO1AT3XM/Honeywell-to-make-flying-safer-with-tech-to-decode-regional.html">new</a> linguistic software. The project aims to aid communication between pilots and air traffic controllers by making it easier to understand pilots who speak English but have heavy overlaying accents. Accents are extremely diverse, especially in a country like India, which has 22 official languages and 780 languages overall. At the request of the Government of India, the program is going to analyse accents and <keyword id="1696544" type="PERSON" weightage="20" keywordseo="Transcribe">transcribe</keyword> them for the controllers on the ground. Prime Minister Narendra Modi has been pushing for more smaller <keyword id="43661" type="ORGANIZATION" weightage="20" keywordseo="airports">airports</keyword> in the country to increase connectivity. That, in turn, requires more manpower, specifically more pilots. Neelu Khatri, the president of Honeywell’s aerospace business for India, says that the move will result in more regional pilots since it’s a regional connectivity scheme. And, therein lies the problem of accents. In an interview with Bloomberg, Khatri <a href="https://www.bloomberg.com/news/articles/2018-06-05/honeywell-to-make-flying-safer-by-decoding-100-accents-in-india">claims</a>, “One of the biggest problems in India has been that we Indians don’t understand each other’s English because of the dialects.” And that’s not too-far off the mark since past <a href="https://www.independent.co.uk/news/world/the-indian-air-crash-tapes-point-blame-at-kazakh-pilot-1352266.html">incidences</a> have already proven that miscommunication is a global safety threat. If the software is successfully implemented in India, it may be applied worldwide to help airports in other nations.

Honeywell’s new software aims to help air traffic controllers decode Indian accents

New Delhi, The country's aviation industry has suffered a loss of ₹11,658 crore in 2021-22, the government said. According to the Civil Aviation Ministry, the details of losses incurred by the industry are: FY 2019-20 ₹4,770 crore; FY 2020-21 ₹12,479 crore; and FY 2021-22 ₹11,658 crore. The losses to the industry were primarily because of the Covid-induced disruption across the globe; currency depreciation (USD/INR); high operating cost environment, especially due to increase in ATF prices which constitute a major portion of the operational cost of airlines; increase in crude oil prices in the international market; VAT; excise duty; and the ongoing Ukraine-Russia war. Airlines were unable to pass the full impact of cost increases to the passenger, Union Civil Aviation Minister <keyword id="29632" type="General" weightage="80" keywordseo="jyotiraditya-scindia" source="Orion">Jyotiraditya Scindia</keyword> told the <keyword id="6355187" type="General" weightage="80" keywordseo="lok-sabha" source="Orion">Lok Sabha</keyword> in a written reply on Thursday. The actual figure of profit/losses to the industry will be known only when the audited accounts are available at the end of the financial year 2022-23, the reply added. The airlines and major airports are operated by the private sector and they evolve their own SOPs for cost minimisation and profitability. However, the government has taken various steps to facilitate airlines. The UDAN Scheme is a game-changer for the aviation industry, the reply added. The UDAN Scheme or Ude Desh Ka Aam Nagrik is a regional connectivity scheme that seeks to make air travel accessible and affordable for the masses. Scindia said that the enhanced fiscal support in the form of VGF (Viable Gap Funding), concession on fuel rates, landing/parking charges and the infrastructural development of un-served airports have not only boosted the operations of giant airline companies but have also led to the participation of regional start-up airlines such as Star Air and IndiaOne Air, and <keyword id="9852691" type="General" weightage="80" keywordseo="flybig" source="Orion">Flybig</keyword> which are operating exceptionally well. Other measures taken by the Government included the reduction of <keyword id="6370857" type="General" weightage="80" keywordseo="vat" source="Orion">VAT</keyword> on Aviation Turbine Fuel (ATF) was taken up with state governments/union territories levying high VAT on ATF. As a result, 16 states have reduced the VAT in the range of 1-4 per cent. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indian-economy-to-recover-faster-than-developed-markets-nifty50-may-end-2023-at-19500/articleshow/96407973.cms">Indian economy to recover faster than developed markets – Nifty50 may end 2023 at 19,500</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/reliance-adani-enterprises-sula-vineyards-among-stocks-in-focus/articleshow/96414091.cms">Sensex, Nifty50 to open in the green amid positive global cues – Reliance, Adani Enterprises, Sula Vineyards among stocks in focus</a>

You Searched For "regional connectivity scheme" and got 11 results

Rajasthan to be the first airport runway in India to double as a highway

Anupama Airy

SpiceJet to launch 20 new flights on domestic routes

PTI

UDAN international: Does the cost justify the returns with India’s new draft scheme?

Prabhjote Gill

Civil aviation should no longer be a central subject, asks PM Modi

BI India Bureau

Alliance Air to commence Kolkata-Jharsuguda flight service from Jan 27

PTI

Spicejet clears all outstanding principal dues of AAI

IANS

Regional connectivity exists beyond short-haul routes: Star Air

PTI

SpiceJet in active discussion with Middle Eastern carrier for a possible stake sale

IANS

CBI arrests officials of Tata Projects and Power Grid among others in graft case

IANS

Honeywell’s new software aims to help air traffic controllers decode Indian accents

Prabhjote Gill

Aviation industry ₹11,658 crore loss in 2021-22

IANS

Popular Keywords

Buying Guides