VIABILITY GAP FUNDING
North-East gas grid to get Rs 5,500 crore viability gap funding
The Modi govt wants to turn India into a gasbased economy and is encouraging massive investments in gas production, transportation and import terminals to have increased countrywide access to the fossil fuel.
Tepid weekend sales to spoil retail’s Diwali
Footfalls at prominent malls take a knock, very few walk-ins get converted to purchases.
Chief Minister Sarbananda Sonowal flags off Guwahati-Bangkok flight
Government of India has taken up steps to connect six South East Asian de...
Oil Ministry eyes Rs 6,000-crore viability gap funding for Northeast gas grid project
Indradhanush Gas Grid plans to lay 1,600-km northeast gas grid at a cost of about Rs 10,000 cr.
AAI starts taking bids under Udan 4.0, focuses on northeastern states and J&K
The focus of this round would be mainly on connecting north-eastern states, hilly states, Jammu and Kashmir, Ladakh and islands, a release said.
Budget 2019: Rs 4,500 cr earmarked for Aviation Ministry in 2019-20
The Centre has allocated Rs 480 crore for regional connectivity scheme UDAN.
Regional cargo flights may get viability funding
According to AAI, freight carried through Indian airports increased 12.7% during FY2017-18.
Government mulling Rs 5,400 crore funding to Northeast gas grid
The Northeast pipeline grid is to be implemented by Indradhanush Gas Grid, a joint venture of state-owned GAIL India, IOC, ONGC, Oil India Ltd and Numaligarh Refinery Ltd.
UDAN: No GST on Viability Gap Funding disbursement
The government has decided not to levy the Goods and Services Tax on disbursement of Viability Gap Funding extended to select airlines under the regional connectivity scheme .
UDAN routes 'financially viable' without viability gap funds: Ajay Singh
"On UDAN, our philosophy at SpiceJet is that wherever VGF is not required, we will not take it because the government should use the money where it is required," Singh said.
UDAN: Viability gap funding to get 3-year exemption from GST
The Council meeting, chaired by Finance Minister Arun Jaitley, has recommended issuance of certain clarifications on issues relating to GST rates and taxability of certain goods and services.
UDAN: Government expects Rs 300 crore annually from levy on airlines
To partly raise money for viability gap funding requirement under the UDAN (Ude Desh ka Aam Naagrik) scheme, the civil aviation ministry has been collecting the levy since December 2016.
Civil aviation ministry may face funding crunch for UDAN
As per the ministry, in the first and second rounds, there are airlines that have not asked for any VGF.
UDAN: Trust set up to disburse viability gap funds
AAI is the nodal agency for the scheme -- UDAN -- that aims to connect un-served as well as under-served airports and make flying affordable for the masses.
Assam plans to subsidise airfares to Southeast Asia
The modalities of the programme are still being worked out, but are likely to be similar to those of the Modi government’s regional connectivity scheme called UDAN
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service