Government Approves Eight (8) Proposals of Foreign Direct Investment
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 14, 2013, the Government of India has approved eight (8) Proposals of Foreign Direct Investment amounting to Rs. 1311.54 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 14.06.2013 are as follows: Following 8 (Eight) proposals have been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. incrore) 1 M/s EuronetServices India Pvt. Ltd. Company having FDI to set up White Label ATMs. Nil… Read More
Tags: Automated teller machine, Cochin International Airport, FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Jet Airways, New Delhi
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by Government for Air India, some flights, which were not meeting the fuel cost /cash cost of operations, have been withdrawn by the airline.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 India, Airline, Civil Aviation, Government, India, Jet Airways, Rajya Sabha, The 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: AAC, Aircraft, Airline, Civil Aviation Ministry, IndiGo, Jet Airways, No Objection Certificate, SpiceJet
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