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

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

Posted at 13 Aug 2021 in Current Affairs by
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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

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