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Decision on foreign airlines’ equity in Indian carriers likely soon
Civil Aviation Minister Ajit Singh on Tuesday said that a proposal to allow foreign airlines to pick up equity in Indian carriers is likely to be introduced before the Budget session of Parliament.
A Group of Ministers on civil aviation, headed by Finance Minister Pranab Mukherjee, is likely to meet on February 9 to debate on major issues like allowing foreign carriers to have a stake in domestic airlines and sales tax on jet fuel.
“We are preparing the proposal (on investments by foreign airlines). It would be sent to the Commerce Ministry and from there to the Cabinet,” Singh told reporters here.
Asked whether a decision would be taken before the Budget session, he said “I hope so.”
Regarding slashing of sales tax on Aviation Turbine Fuel, Singh said “I have talked to the Finance Minister. The matter was to come up before the GoM today. Now the question will come up for discussion on February 9th.”
Civil Aviation Minister Ajit Singh on Tuesday said that a proposal to allow foreign airlines to pick up equity in Indian carriers is likely to be introduced before the Budget session of Parliament.
A Group of Ministers on civil aviation, headed by Finance Minister Pranab Mukherjee, is likely to meet on February 9 to debate on major issues like allowing foreign carriers to have a stake in domestic airlines and sales tax on jet fuel.
“We are preparing the proposal (on investments by foreign airlines). It would be sent to the Commerce Ministry and from there to the Cabinet,” Singh told reporters here.
Asked whether a decision would be taken before the Budget session, he said “I hope so.”
Regarding slashing of sales tax on Aviation Turbine Fuel, Singh said “I have talked to the Finance Minister. The matter was to come up before the GoM today. Now the question will come up for discussion on February 9th.”
