Civil Aviation Min gets 22% more budgetary funds for 2017-18

Civil Aviation Min gets 22% more budgetary funds for 2017-18

The Civil Aviation Ministry today received a substantial increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore for the next financial year.

The Civil Aviation Ministry received a substantial increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore for the next financial year.

In the Union Budget 2017-18, presented by the Finance Minister Arun Jaitley in Parliament today, out of the ministry’s total allocation, a good chunk will be for Air India, which is to get Rs 1,800 crore. The amount will be extended to the national carrier as part of the bailout package announced by the then UPA government in 2012.

Besides, the airline will be given Rs 508 crore as part of investment in public enterprises. National airports operator AAI has been allocated Rs 2,543 crore, apart from a budgetary support of Rs 100 crore. Meanwhile, the budgetary funds for aviation watchdog DGCA has been stepped up significantly to Rs 230.56 crore for 2017- 18. The amount is at Rs 29.67 crore for the current fiscal.

Significantly, UN aviation watchdog, International Civil Aviation Organisation (ICAO) is scheduled to audit India’s air safety preparedness in the second half of this year. The Bureau of Civil Aviation Security (BCAS), the country’s apex aviation safety agency, has been allocated Rs 214.50 crore in the latest Budget.

 

News Source: www.india.com

You might also like

Destinations

Argentina submitted its offer at IMEX 2017

After the good results of the latest ICCA Ranking, INPROTUR attended the fair in Frankfurt, Germany. The Ministry of Tourism of the Nation, through the National Institute of Tourism (INPROTUR),

Destinations

Radisson Hotel Group accelerates expansion in China

Radisson Hotel Group is accelerating its expansion plans in China, one of the world’s largest and most dynamic travel markets, with key appointments, landmark hotel signings and new openings. Radisson

Centara Azure Hotel Pattaya opens in Thailand

Centrally-located within a prime setting in Central Pattaya, the newly-opened Centara Azure Hotel Pattaya has joined the existing six Centara properties in the city. This stylish hotel provides convenient access