17 May, 2020
5 Min Read
Aviation sector measures on expected lines
Part of: GS-III- Economy Aviation (PT-MAINS-PERSONALITY TEST)
MRO hub plan will help save forex and enable local overhauling of planes
The three key announcements of Union Finance Minister concerning the civil aviation sector have been viewed as those on expected lines, while the announcement on MRO (maintenance, repair and operations) needed more clarity on the tax incentives, industry experts said.
“Post COVID-19, it seems that the state governments in both of these cities are unlikely to allow private parties to take control of these assets. Therefore, if there are no viable cities for which privatisation might be viable, the Government of India’s decision may be difficult to implement,”
“We need to see more details on the tax simplification, which will help in making India an MRO hub. More relief measures for the civil aviation sector to keep it alive post-COVID-19.” “Better infrastructure should make air travel more accessible and there is a huge opportunity in this sector.”
Kirit Parikh Gas Pricing Panel The government recently appointed a Kirit Parikh committee to review the gas pricing formula. The committee's major recommendations: Maximum cost: A fixed pricing band for gas from old fields, known as APM (Administrative Price Mechanism) gas, is required. These fields produce two-thirds of the co
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