Steps taken by the Government to overcome the Operating Cost for Civil Aviation sector (GS-3, Economy, Infrastructure,PIB)

13 Aug Steps taken by the Government to overcome the Operating Cost for Civil Aviation sector (GS-3, Economy, Infrastructure,PIB)

Context:– The details of major steps taken by the Government to overcome the operating cost for civil aviation sector, inter-alia, are as follows:

• Provide support to airlines through various policy measures.
• Provide airport infrastructure through the Airports Authority of India and the private operators.
• Promotion of private investments in existing and new airports through the PPP route.
• Route rationalization in the Indian airspace in coordination with the Indian Air Force for efficient airspace management, shorter routes and lower fuel consumption.
• Goods and Services Tax (GST) rate reduced to 5% from 18% for domestic Maintenance, Repair and Overhaul (MRO) services.
• As on date, exclusive air-links or Air-Bubbles have been established with 28 countries with the objective of restarting international passenger services while regular international flights remain suspended due to COVID-19.
• A calibrated increase of domestic aviation.
• Stipulating fare-band for the airlines.
• A conducive aircraft leasing and financing environment has been enabled.
• Benefits under Emergency Credit Line Guarantee Scheme (ECLGS) 3.0 have been extended to the civil aviation sector.

Source-PIB

Download Plutus IAS Daily Current Affairs of 13th August 2021

• Author
• Recent Posts

Swarn Singh

Plutus IAS Current Affair Team Member

Latest posts by Swarn Singh (see all)

• Let’s look into Current Inflation and its effect for a developing countries like India (GS 3, Economics, The Hindu, Indian Express, RBI) - January 14, 2022
• The significance of India’s financial assistance to Srilanka in specific reference to India Srilanka bilateral relation GS Paper II Source : The Hindu - January 14, 2022
• United Nations Security Council (UNSC) and nuclear weapons - January 7, 2022