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GMR has collected Rs 5,200 cr extra 24

GMR has collected Rs 5,200 cr extra

On May 29, 2018, Airports Economic Regulatory Authority of India (AERA) has issued a consultation paper titled as “Aeronautical Tariffs in respect of Indira Gandhi International Airport, Delhi with respect to Base Airport Charges, for the second control period (01.04.2014 to 31.03.2019).” It has proposed to increase user development fee (UDF) to Rs 77 per

National Bio-fuel Policy 2018 21

National Bio-fuel Policy 2018

The cabinet has approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 cr this year alone. Till now only ethanol produced from sugarcane was allowed to be mixed in petrol.

Make in India Order, 201722

Make in India Order, 2017

In a meeting held on May 21, 2018, the Committee of Secretaries (CoS) has recommended that every department / ministry / enterprise of the centre should put in place an officer who would certify the compliance of the Department of Industrial Policy and Promotion (DIPP)’s Public Procurement (Preference to Make in India or PPP-MII) Order,

Scandalous Loans to GVK Gr 42

Scandalous Loans to GVK Gr

GVK Group has been awarded the Navi Mumbai International Airport (NMIAL) project. In the past, on several occasions the group had managed to get loans from banks in scandalous manner, and many of them have turned NPAs. It has huge burden of debt. GVK Power & Infrastructure Ltd, the listed company of the GVK Group

Rollouts to be faster & efficient45

Rollouts to be faster & efficient

On May 14, 2018, the ministry of new & renewable energy (MNRE) issued National Wind-Solar Hybrid Policy with an aim to boost renewable power generation. The policy provides for a comprehensive framework to promote large grid-connected wind-solar PV hybrid system for efficient utilisation of transmission infrastructure

Airlines Accountability 46

Airlines Accountability

On May 22, 2018, the civil aviation ministry issued a Draft Passenger Charter for public consultation. The public consultation is open for 30 days and the ministry is expected to notify changes in two months. Under the charter, the ministry has proposed a series of consumer-friendly measures relating to charges for cance

Airport Privatization 47

Airport Privatization

The governments need to urgently tackle a capacity crisis facing airports as demand for international travel grows, but they should be cautious about private sector involvement, International Air Transport Association (IATA) has warned. With passenger levels projected to nearly double to 7.8 bn by 2036, infrastructure such as airports and air traffic control systems were

CBI files FIR in AirAsia case48

CBI files FIR in AirAsia case

The Central Bureau of Investigation (CBI) lens on R Venkataramanan, managing trustee of Tata Trusts and director in AirAsia India board, along with AirAsia global chief Tony Fernandes, has put the spotlight again on the allegations made by former Tata Sons chairman Cyrus Mistry in his exit letter to the board in Oct 2016. Mr

Kochhars-Dhoot Nexus 14

Kochhars-Dhoot Nexus

In our July 15, 2016 issue, the story titled, “Kochhar’s Renewable Empire: Built on Mauritius Route & Loans from Dhoot & Others,” was published. At that time an in-depth reporting on the linkage between NuPower promoted by Deepak Kochhar, husband of Chanda Kochhar, Managing Director & CEO of the ICICI Bank, loans given by ICICI