Business & Economy
Better hill airports soon
What is India News Service, Wednesday,
4 May 2005, 1700 hrs IST
The government is planning several projects for
upgradation and development of infrastructure facilities for civil
aviation in the backward hill areas as per the demand from respective state
governments and scheduled operators, Rajya Sabha was informed today.
Announcing this in a written reply, Minister of
State for Civil Aviation Praful Patel said development works have been planned
and taken up in the current Five Year Plan 2002-07 for areas like Kangra in
Himachal Pradesh for upgradation of airport to make it operational for 50-seater
type of aircraft, at Leh for the construction of a new civil port, at Pakyong in
Sikkim and Chiethu (Kohima) in Nagaland for construction of new airports.
To another question, he said a number of cities
and towns have been proposed by some state governments for construction of new
airports, which included Mopa (Goa), Chakan and Navi Mumbai (Maharashtra),
Ludhiana (Punjab), Ajmer (Rajasthan), Gulbarga, Bellary and Bijapur (Karnataka)
Kannur (Kerala) and Itanagar (Arunachal Pradesh).
Three more airlines have asked the government
for permission to fly on domestic routes, the minister said.
They are Paramount Airways, Visaa Airways and
Magic Air.
The government has received proposals for grant
of initial no-objection certificate for scheduled air services from them, Mr
Patel told the Rajya Sabha.
TRAI
issues directive on value-added services:
The Telecom Regulatory Authority of India (TRAI) today directed all telecom
operators that no chargeable value-added service shall be provided to a customer
without his or her explicit consent.
RBI
unveils payment system: The Reserve Bank of India plans to set up a new
institution, a limited company, owned and operated by banks, for all retail
payment systems and operationalising a National Settlement System (NSS) in the
current financial year.
'Continuation
of FBT to hit competitiveness': Industry has warned that continuing the
proposed fringe benefit tax (FBT) would adversely affect competitiveness of the
corporate sector but has welcomed dilution of its provisions announced by the
Union Finance Minister.
NCDEX
launches agri index: The index acts as a barometer of the underlying (agri)
sector's performance. It also indicates the relative performance of the sector
vis-\E0-vis the reference period and acts as a powerful information tool and
benchmark for investment performance.
Knitwear
units upset over low drawback rates: While welcoming the Centre's decision
on reverting to payment of duty drawback on value basis instead of on weight
basis, the Tirupur Exporters' Association (TEA) on Tuesday said that there was a
strong element of disappointment due to ...
Banks to float company for new settlement system: All banking transactions
in the four metros - Mumbai, Delhi, Kolkata and Chennai - will be cleared and
settled under the proposed National Settlement System (NSS) by December.
BSNL
plans undersea cable to Singapore: To expand its international long distance
(ILD) business, Bharat Sanchar Nigam Ltd (BSNL) is planning to lay an undersea
cable connecting Port Blair to Singapore. This will be the second undersea cable
project that BSNL will be undertaking.
MSEB,
Maharashtra asked to pay $125 m to GE, Bechtel: In a significant judgment
today, the International Arbitration Tribunal asked the Maharashtra State
Electricity Board (MSEB) and the Maharashtra Government to pay $125 million to
GE and Bechtel Corp as compensation for "appropriating the assets".
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