{"id":373889,"date":"2020-09-17T08:30:03","date_gmt":"2020-09-17T03:00:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373889"},"modified":"2020-09-17T08:49:46","modified_gmt":"2020-09-17T03:19:46","slug":"airlines-in-india-seek-1-5-bn-in-interest-free-credit-line-says-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airlines-in-india-seek-1-5-bn-in-interest-free-credit-line-says-govt\/","title":{"rendered":"Airlines in India seek $1.5 bn in interest-free credit line, says govt"},"content":{"rendered":"<p>Airlines in India are seeking at least $1.5 billion as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said, as lockdowns and restrictions linked to the coronavirus pandemic hit demand for air travel. <\/p>\n<p>The carriers in what was until recently the world\u2019s fastest growing aviation market are also seeking to defer loan repayments by six months, without these borrowings getting classified as \u201cnon-performing,\u201d Puri said in a written reply in Parliament. Local airlines have asked the government to include jet fuel in the South Asian nation\u2019s goods and services tax, and abolish excise duty on aviation turbine fuel, the minister said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airlines in India are seeking at least $1.5 billion as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said, as lockdowns and restrictions linked to the coronavirus pandemic hit demand for air travel. The carriers in what was until recently the world\u2019s fastest growing aviation market are also seeking to defer loan repayments by six months, without these borrowings getting classified as \u201cnon-performing,\u201d Puri said in a written reply in Parliament. Local airlines have asked the government to include jet fuel in the South Asian nation\u2019s goods and services tax, and abolish excise duty on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-373889","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373889"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373889\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}