Sectoral Deployment of Bank Credit December 2013

Data for the month of December 2013 on sectoral deployment of credit collected from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks are set out in Statements I and II. These data are also available in the Real-Time Handbook of Statistics… Read More

Tags: AirlineBusinessCreditDecember 2012Financial servicesNon Banking Financial CompaniesNon-banking financial companyPercentage

Priority Sector Lending Classification

RBI/2013-14/379 RPCD.CO.Plan. BC 59/04.09.01/2013-14 November 25, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending Classification Please refer to the press release dated November 18, 2013 on the above subject. 2. In view of the reasons explained therein, it is decided to include incremental bank loans… Read More

Tags: AirlineLoanMarch 31 2014November 13 2013Priority Sector LendingRegional Rural BankReserve Bank of IndiaRun batted in

A Profile of Banks: 2012-13

The Reserve Bank of India released on its website A Profile of Banks: 2012-13. The publication, ninth volume in the series, provides bank-wise and bank group-wise information on important performance indicators of all scheduled commercial banks excluding regional rural banks, for the period 2008-09 to 2012-13. The publication covers 21 important indicators, including return on… Read More

Tags: AirlineBankCapital adequacy ratioIndiaMumbaiRegional Rural BankReserve Bank of IndiaReturn on assets

Air India to Implement Dholakia Committee Recommendations in a Time Bound Manner

The Minister for Civil Aviation Shri Ajit Singh,  while addressing media persons at a press conference here,  has said that the Government has accepted the recommendations of Prof. Dholakia Committee Report on Cost Cutting in Air India and sent to Air India for immediate implementation.  The Committee has made total 47 recommendations.  Air India expects a saving of about 500 crores in next 6 months by implementing some of… Read More

Tags: Air IndiaAirlineAsiaChennaiCivil AviationCommitteeGovernmentIndia

Government Envisages Investment of US $ 12.1 Billion in the Airport Sector

Civil Aviation Minister, Shri Ajit Singh, while launching the India Aviation 2014 today in New Delhi, said that rapidly expanding air transport network and opening up of the infrastructure to private sector participation have fuelled the growth of air traffic in India.  He further said that the Government has envisaged an investment of US $ 12.1 billion in the… Read More

Tags: $12.1 billionAircraftAirlineAviationCivil AviationGovernmentIndiaNew Delhi

Airlines to charge fees for unbundled services

Civil Aviation Ministry Permits Scheduled Airlines to Charge Fees for Certain Unbundled Services Separately The Minister for Civil Aviation ,Shri Ajit Singh, has decided to permit scheduled airlines to unbundle certain services and to charge fees for these services separately. This is based on the recommendations of the Nathan Economic Consultants in their report on… Read More

Tags: AirlineAviationCivil AviationDGCAFareFeeIndia

CLR Snippets :: Committee on Cost Cutting Measures Recommends Strong Accountability

Minister of State for Civil Aviation, Shri K. C. Venugopal informed Rajya Sabha today that in accordance with Turn Around Plan (TAP) approved by Government for Air India, some flights, which were not meeting the fuel cost /cash cost of operations, have been withdrawn by the airline. However, commencement and withdrawal of flights by any… Read More

Tags: Air IndiaAirlineCivil AviationGovernmentIndiaJet AirwaysRajya SabhaThe Minister

Acquisition of Aircraft by Airlines Liberalized – Government Abolishes Aircraft Acquisition Committee

In a major decision taken by Minister of Civil Aviation, ShriAjit Singh, the Government has done away with the control over acquisition of aircraft by scheduled and non-scheduled operators, private operators and flying training institutes. The permission for actual induction of aircraft will no longer be required from Ministry of Civil Aviation (MoCA).  Henceforth, only initial No Objection Certificate… Read More

Tags: AACAircraftAirlineCivil Aviation MinistryIndiGoJet AirwaysNo Objection CertificateSpiceJet

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