In his last budget, Jaitley had said ports in public sector will be encouraged, to corporatize, and become companies under the Companies Act.
The increase in duty--14% from 8%--will not be however valid for fuel supplied at regional airports at smaller cities.
IndiGo, the country's biggest carrier by market share, Monday said it will get the first of its ordered Airbus A320 neo aircraft next month.
The carrier, its Malaysian shareholder’s joint venture with Tata Sons, posted a net loss of 23.4 million Malaysian Ringgits (Rs 38.2 crore).
It also proposes to develop three dedicated freight corridors, draft a freight train timetable, increase the average speed of freight trains to 50 kilometers per hour and build rail side logistics parks and warehouses.
Jet has made the stock markets reasonably happy too. Its share price has risen 27% in the last twelve months and 47% in the last six months.
GVK is among the most indebted infrastructure conglomerates in India. Net group debt at the end of FY15 stood at Rs 26,500 crore.
Tata didn't name any airline in his statement. But the incumbents include Go Air, SpiceJet, IndiGo and Jet Airways which voice their dissent through the FIA.
"With effect from March 1, 2016, Jet Airways will launch a sixth daily frequency from Mumbai to Dubai," India's second biggest airline said in a statement.
In a bid to fight pollution, Mumbai's municipal corporation proposes ceiling on vehicle registration
The Brihanmumbai Municipal Corporation (BMC) has proposed a radical overhaul of Mumbai’s vehicle usage to combat rising pollution in the Maximum City.
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