VIABILITY GAP FUNDING
Govt mulls higher VGF for planes with less than 20 seats
To compensate the operators, the Civil Aviation Ministry would be providing viability gap funding -- which would be partly raised by way of a fixed levy on planes flying in major routes.
Solar tariff drops to an all-time low of Rs 4 a unit
Earlier in January, the solar power tariff had touched a record low with Finland-based e...
Govt notifies 2% excise duty on jet fuel at airports under Regional Connectivity Scheme
Civil Aviation Ministry had also said that the centra...
Removal of domestic content requirement in solar not a big blow
A statement from U.S. trade representative said that U.S. solar exports have fallen by more than 90% since India implemented DCR rules.
Rs 36.98 crore spent on maintenance of non-operational airports
Minister of State for Civil Aviation Jayant Sinha hoped these airports would start functioning when a scheme for regional connectivity takes off.
Government approves Rs 5050 crore funding to push solar projects
Government today approved a 'viability gap funding' (VGF) of Rs 5,050 crore for setting up over 5,000 MW of grid linked solar power projects.
North Eastern Council agrees to provide viability gap funding to Alliance Air
Alliance Air operates 45 flights a day with a fleet of 8 small aircraft & currently connects 4 out of 11 airports in the seven states.
China's Belt and Road leaves Kenya with a railroad to nowhere
Construction of what was intended to be a flagship infrastructure project for Eastern Africa was halted earlier this year after China withheld some $4.9 billion in funding needed to allow the line’s completion.
Viability gap funding proposed for 30,000 km gas pipeline target
Finance Minister Arun Jaitley in his maiden Budget outlined NDA government's ambition to double gas pipeline network to 30,000 km in next few years.
Renewable energy ministry seeks Rs 10k crore for higher capacity
"Different schemes which have taken off are Viability Gap Funding of the Ministry of New and Renewable Energy and green energy corridor," an official said.
Rs 2,500 airfare cap not must for all regional routes, clarifies government
The proposed cap of Rs 2,500 per ticket on regional routes will apply only to carriers availing viability gap funding from the Civil Aviation Ministry.
India's ambitious North East BPO plan is turning into a flop show
"We have the policy in place, we have the money, but people are not coming forward," said another official who also requested anonymity.
Air India’s Jaipur-Agra flight suffering losses
A direct Air India flight was started between Jaipur and Agra in December 2017 under the Regional Connectivity Scheme with the hope that foreign tourists would use it to complete the golden triangle.
Public Private Partnership projects got Rs 596.39 crore as VGF in 2014-15
The cost of PPP projects which got the VGF was Rs 3,595.93 crore in 2014-15, as per a written reply to Lok Sabha by Planning Minister Rao Inderjit Singh.
Arunachal Pradesh CM Nabam Tuki demands more flights between New Delhi-Lilabari
Nabam Tuki met Union Minister of State for Civil Aviation Mahesh Sharma and sought his support to improve the air connectivity scenario in the state.
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