• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, March 22, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    Explainer: The working model of Bhindrawale 2.0

    Explainer: The working model of Bhindrawale 2.0

    enemy properties

    Home Ministry to sell enemy properties worth Rs 1 trillion

    Kerala Christians BJP

    Kerala Christians’ puts one condition to vote for BJP

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    India’s Potent Mini Missile: The Indigenous “S-400

    India’s Potent Mini Missile: The Indigenous “S-400

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India’s Afghan policy: working beyond tags and labels

    India’s Afghan policy: working beyond tags and labels

    UK will have to pay for not taking actions against ISI and Khalistani

    UK will have to pay for not taking actions against ISI and Khalistani

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    Preferential Trade Agreement

    Indonesia Extends Olive Branch to India with PTA Invitation

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Bucher Paper

    Unearthing the Dark Secrets of Nehru’s Reign: The Roy Bucher Papers

    Haridwar Chandi Mata Temple Hill view

    Chandi Mata Temple Haridwar, Timings, History, Travel Guide and How to reach

    Haryana Kalka Mata Mandir complex

    Kalka Mata Mandir Haryana, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Mrs Chatterjee vs Norway movie

    Mrs Chatterjee vs Norway Movie: A tale of two cultures

    How to select collage

    How to Decide on and Apply to a University or College

    Sam Bahadur film

    The pressure is on: Meghna Gulzar’s ‘Sam Bahadur’ must deliver

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    Explainer: The working model of Bhindrawale 2.0

    Explainer: The working model of Bhindrawale 2.0

    enemy properties

    Home Ministry to sell enemy properties worth Rs 1 trillion

    Kerala Christians BJP

    Kerala Christians’ puts one condition to vote for BJP

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    India’s Potent Mini Missile: The Indigenous “S-400

    India’s Potent Mini Missile: The Indigenous “S-400

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India’s Afghan policy: working beyond tags and labels

    India’s Afghan policy: working beyond tags and labels

    UK will have to pay for not taking actions against ISI and Khalistani

    UK will have to pay for not taking actions against ISI and Khalistani

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    Preferential Trade Agreement

    Indonesia Extends Olive Branch to India with PTA Invitation

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Bucher Paper

    Unearthing the Dark Secrets of Nehru’s Reign: The Roy Bucher Papers

    Haridwar Chandi Mata Temple Hill view

    Chandi Mata Temple Haridwar, Timings, History, Travel Guide and How to reach

    Haryana Kalka Mata Mandir complex

    Kalka Mata Mandir Haryana, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Mrs Chatterjee vs Norway movie

    Mrs Chatterjee vs Norway Movie: A tale of two cultures

    How to select collage

    How to Decide on and Apply to a University or College

    Sam Bahadur film

    The pressure is on: Meghna Gulzar’s ‘Sam Bahadur’ must deliver

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Politics » Trending » Budget 2019: Big boost to Aviation sector. More players, better quality and possibly cheaper tickets too

Budget 2019: Big boost to Aviation sector. More players, better quality and possibly cheaper tickets too

Amit Agrahari
by Amit Agrahari
5 July 2019
in Trending
0
aviation, sector, budget
415
VIEWS
Share on FacebookShare on Twitter

In her maiden budget speech, Finance Minister Nirmala Sithraman mentioned the policies and initiatives about the aviation sector in the very initial phase of speech.

This shows that the Modi government is focused on resolving the issues in the aviation sector where some of the biggest companies have gone bankrupt in the last fiscal year. The government wants to make the country self-reliant in the aviation sector. The government plans to make India a hub for aircraft financing and leasing activities and therefore Ahmedabad’s GIFT city would be made tax free zone.

The low-cost airlines like IndiGo and SpiceJet plan to induct more than 500 aircraft in the coming year and the domestic aircraft industry would get a significant boost if the demand is met at home.

The FDI norms in aviation, media, and insurance sector would be relaxed to attract more capital. The government wanted to sell 76 percent stake in national carrier Air India but the debt-ridden company got no bidders. Now the government plans to sell Air India completely.

However, according to a report by Economic Times, “There is no clarity on the Substantial Ownership and Effective Control (SOEC) clause yet. The SOEC clause bars any foreign investor from taking complete control of the operations of the airline and be run by a board that has two third members as Indian.”

According to Make in India website up to 49% FDI is allowed under the Automatic route in Scheduled air transport service/ domestic scheduled passenger airline/ regional air transport service. The government may relax the norms to allow 100 percent foreign investment in the sector.

The relaxation of FDI norms, as announced in the Budget, would increase the chances of debt-ridden carriers like Air India and Jet Airways sold at good rates. 

The Maintenance Repair and Overhaul (MRO) sector would get a tax rebate to bring down the cost of servicing the planes. The airlines preferred to carry out the MRO process in neighbouring countries like Sri Lanka and Singapore due to low cost.

The emphasis on self-reliance in the aviation sector would be beneficial to Make In India and also help in job creation. 

Tags: Aviation sectorNirmala SitharamanUnion Budget 2019
Share144TweetSend
Previous Post

Union Budget 2019: PAN and Aadhaar made interchangeable

Next Post

Budget 2019: Income tax break raised by Rs. 1.5 lakh on affordable housing loans

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

“Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

“Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

22 March 2023
Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

22 March 2023
India’s Afghan policy: working beyond tags and labels

India’s Afghan policy: working beyond tags and labels

22 March 2023
Explainer: The working model of Bhindrawale 2.0

Explainer: The working model of Bhindrawale 2.0

21 March 2023

Popular This Week

India’s Potent Mini Missile: The Indigenous “S-400
Defence

India’s Potent Mini Missile: The Indigenous “S-400

by Shubham Bajpai
17 March 2023
Oh!! Shut up Jagmeet Singh
Opinions

Oh!! Shut up Jagmeet Singh

by Sabita Mishra
20 March 2023
The Price of Desperation: The Impact of Illegal Immigration on India
Politics

The Price of Desperation: The Impact of Illegal Immigration on India

by Paurush Gupta
18 March 2023
Social Media is divided over Swati Maliwal’s allegation
Politics

Social Media is divided over Swati Maliwal’s allegation

by Paurush Gupta
13 March 2023
Homi Bhabha
Trending

Who killed Homi Bhabha? The mystery behind India’s nuclear pioneer’s death

by Sanbeer Singh Ranhotra
30 October 2021

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost