New Delhi: Describing the decision on 49 per cent FDI in aviation as one which will transform the sector, Civil Aviation Minister Ajit Singh said on Friday the government envisages investment of $12.1 billion in the sector in the 12th Plan period (2012-2016). Singh said the rapidly expanding air transport network and opening up of infrastructure to the private sector have fuelled the growth of air traffic in India.
"Indian government has envisaged investment of $12.1 billion in the airports sector during the 12th Plan period, of which $9.3 billion is expected to come from the private sector," Singh said launching the "India Aviation - 2014" in Delhi. Singh said the investment is expected "for construction of new airports, expansion, modernization of existing airports and development of low-cost airports to keep the tariff at its minimal at smaller airports, improvement in connecting infrastructure, development of world class Air Navigation Services infrastructure."
The minister said the government had taken several initiatives in the regulatory framework for taking the aviation sector to new heights despite the challenges facing domestic aviation industry, reeling under mounting losses and rising debt burdens. "Recently, the Aircraft Acquisition Committee has been abolished to liberalise the acquisition of aircraft by the scheduled, non-scheduled airlines, flying institutes and for private use, which will give impetus to the growth and expansion of airlines in India.
"Henceforth, no permission for acquisition of aircraft will be required from the Ministry of Civil Aviation and they will be free to
05:57 AM, May 04, 2013
Moscow: Facebook head Mark Zuckerberg was in Moscow on Monday, where top officials were pressing him to expand the company's operations in Russia. Russia's communications minister tweeted that Prime Minister Dmitry Medvedev urged the social media giant's founder to abandon plans to lure away Russian programmers and instead open a research center in Moscow. A Facebook spokeswoman, who refused to be named because she wasn't authorised to discuss the matter...
11:01 AM, Oct 02, 2012
New Delhi: ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corporation (ONGC), is eyeing stake in Russia's ambitious Arctic Ocean oil and gas projects with US supermajor ExxonMobil and Italian energy giant ENI. OVL on May 4 wrote to Russian state oil company Rosneft expressing interest in taking stake in one of the three joint ventures announced to explore for oil and gas beneath Arctic Ocean,...
01:13 PM, Aug 21, 2012
Chennai: After the State government zeroed in on two options suggested by Chennai Metropolitan Development Authority to expand Chennai Metropolitan Area, it is likely that the State may adopt the second option of extending the CMA to 8,878 square kilometers. At a workshop on Regional planning Perspective for Chennai Mega Region here on Thursday, chief planner of CMDA S Chithra suggested that the second option, which includes the whole of...
12:58 PM, Aug 10, 2012
Noida: Noida and Greater Noida boards have given approval for the extension of metro till Noida extension and setting up metro rail in other parts of Greater Noida on PPP model basis. Chairman of three authorities Rakesh Bahadur said the boards have given in-principle approval to extend metro from Noida Sector 71, 72 crossing till Noida extension in Greater Noida area and directed preparation of Detailed Project Report for it....
10:21 PM, Jul 09, 2012
BANGALORE: Even as the news of Cabinet expansion is doing rounds, former chief minister B S Yeddyurappa and his followers are busy evolving strategies to ensure that their camp gets the maximum share in the expansion.Yeddyurappa and his supporters on Sunday held a meeting at the latters residence at Dollars Colony in Bangalore, where they discussed the ways and means to stall Chief Minister D V Sadananda Gowdas plans to...
08:25 AM, May 07, 2012
BANGALORE: Chief Minister D V Sadananda Gowda and state BJP president K S Eshwarappa on Monday returned empty handed from Delhi with the party high command showing a red signal for Cabinet expansion till former chief minister B S Yeddyurappas fate is decided by the Supreme Court in the illegal mining case.According to sources, BJP national president Nitin Gadkari told Gowda not to hurry into expanding the Cabinet and asked...
09:04 AM, Apr 17, 2012
Thiruvananthapuram: Kerala Chief Minister Oommen Chandy on Thursday added two more ministers to his cabinet, taking the total strength to 21. M. Ali, 60, of the Indian Union Muslim League (IUML), and Anup Jacob, 34, who became a legislator last month after stepping into the shoes of his father, Kerala Congress-Jacob's T.M. Jacob, were sworn in at the Raj Bhavan here. The two first time ministers were administered the oath...
11:04 AM, Apr 12, 2012
Shanghai: Eyeing 4G services roll out in India, Chinese telecom equipment maker Huawei Technologies has decided to scale up investment and operation of its Indian subsidiary. The company, which has been supplying equipment to leading telecom operators in India, including Reliance Communications and Tata Communications, said the decision to increase investments and operations by the firm in India has been taken considering the expected launch of the 4G services within...
12:54 PM, Apr 01, 2012
Male: New Maldivian President Mohammed Waheed Hassan expanded his cabinet on Sunday amid the ongoing crisis in the island nation. The expansion includes two key players from former dictator Gayoom's administration. The new President has inducted seven new ministers in his cabinet but the post of vice president has been kept empty as of now. The sources say that the key post may be given to Mohammed Nasheed's party, the...
07:14 PM, Feb 12, 2012
New Delhi: Facing competition from smartphone makers like Samsung and Nokia, Blackberry-maker Research in Motion has chalked out aggressive plan for India of increasing its footprint to 160 cities, besides launching new devices and latest Operation System 10 soon. The BlackBerry maker has a presence in about 80 cities in the country now and is keen to tap the burgeoning demand for smart phones here. "In terms of expansion, we...
03:01 PM, Feb 12, 2012
New Delhi: Former president Mohammed Nasheed hit out at India in an exclusive interview to CNN-IBN. Nasheed said he is disappointed with India's reaction to the mutiny in his country and hopes that it would change its course soon. Nasheed said that he was forced to step down at gunpoint. He further said that the speaker of the House should take over and have fresh elections in two months. Here...
11:45 AM, Feb 12, 2012
Male: Maldives new President Mohammed Waheed Hassan is set to conduct a major Cabinet expansion on Sunday, even as his deposed predecessor Mohammed Nasheed postponed his scheduled visit to his power centre Addu, where his supporters had alleged a violent crackdown. Government sources said a major Cabinet expansion will take place on Sunday as the new president makes efforts to establish a "national unity" government. Soon after taking over as...
10:20 AM, Feb 12, 2012
New York: India, Brazil, Germany and Japan, collectively known as the G4 group of countries, have made a joint bid for the expansion of the UN Security Council in both the permanent and non-permanent categories of membership. Each of these countries aspires to be a permanent member of the United Nations and play a larger global role. They made the joint bid at the informal plenary of the intergovernmental negotiations...
05:11 PM, Jan 27, 2012
![K'taka cabinet expansion after 5 state polls]( "K'taka cabinet expansion after 5 state polls")
Bangalore: The much-awaited expansion of DV Sadananda Gowda's Cabinet has been postponed yet again. The CM on Sunday confirmed that the expansion of his Cabinet will not take place till the Assembly elections to five states are over. "I need to discuss the issue with the party high-command. But I am unable to do so as they are busy with the elections to five states. Once they are free, I...
10:53 AM, Jan 16, 2012
New Delhi: India's aviation regulator plans to review the massive fleet expansion plans of IndiGo, the country's No 2 airline, after a safety audit found a shortage of trained staff and alleged operational discrepancies, a report by the regulator shows. IndiGo placed an order for 180 Airbus planes worth $16 billion last year in the biggest jet order in commercial aviation history. "Indigo has some rapid growth issues," said the...
11:31 PM, Jan 09, 2012
BANGALORE: Bangalore International Airport Limited (BIAL) had announced plans for a Rs 1000-crore expansion to Terminal 1 last year and Director of Operations Hari Marar on Monday assured that work on the expansion was going as per schedule. We will be ready by the first quarter of 2013, the expansion i s on track, he said. Passenger traffic at the airport currently at 12 million is expected to touch 17...
09:32 AM, Dec 06, 2011
Bangalore: Karnataka Chief Minister DV Sadananda Gowda on Monday expanded his five-day-old ministry inducting 21 with Cabinet rank but left out the mining magnates Reddy brothers and their close associate Sreeramulu. All the ministers who were inducted had served in the outgoing ministry of BS Yeddyurappa who had stepped down as Chief Minister following his indictment by Lokayukta in its report on illegal mining. Karunakara Reddy and Janardhana Reddy, who...
07:34 PM, Aug 08, 2011
Bangalore: Putting an end to hectic parleys for three consecutive days, the BJP ministry in Karnataka led by new Chief Minister DV Sadananda Gowda will be expanded on Monday with the induction of 21 ministers. According to the consensus reached between the rival factions, 12 members from the former Chief Minister BS Yeddyurappa's camp and nine from Jagadish Shettar's will join the five-day-old ministry, party sources said. Govenor HR Bhardwaj...
06:53 PM, Aug 08, 2011
The US feels threatened by China's military aggression and expansion. ...
08:11 AM, Jan 20, 2011
