Measures to curb high airfares shall be announced soon : Minister

Business
May 26 2016 05:59 PM
Preksha

Measures to curb high airfares shall be announced soon : Minister

The government is finally planning to announce a mechanism to curb high airfares and unveil a new civil aviation policy to address all major issues affecting the sector.Minister of State for Civil Aviation Mahesh Sharma, said government's priority is improving infrastructure and it is investing around Rs 15,000 crore in 2016-17 for upgrading the existing airports and setting up new ones.

He said that the civil aviation policy shall lay out a roadmap to make India a leading player in the sector which is growing at over 20 per cent currently. The policy will be placed before the cabinet within two weeks.

He also said "We are in the process of adopting certain measures to cap ticket price. But we are trying to do it by consensus and not by regulation. Our Prime Minister also envisions that fares be kept in control."

Disclaimer : The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of NTIPL, english.newstracklive.com or any employee thereof. NTIPL makes no representations as to accuracy, completeness, correctness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
NTIPL reserves the right to delete, edit, or alter in any manner it sees fit comments that it, in its sole discretion, deems to be obscene, offensive, defamatory, threatening, in violation of trademark, copyright or other laws, or is otherwise unacceptable.