Moneylife Foundation’s ‘How To Be Safe and Smart with Your Investments’ was back on the last day of October, for those looking to start the new year after Diwali with their finances in good shape
The first step to sensible financial planning is not to lose your hard-earned savings. In the session on ‘safe investing’, Sucheta Dalal spoke about the numerous ways in which some of the smartest people are duped of their savings. It is always the quest for a slightly higher return or the greed for unlikely riches that lands people in such predicaments.
The government has proposed to accord high priority to provide air connectivity to remote, difficult and interior areas of the country and focusing on building and modernising airports in Tier-II and Tier-III cities
To meet the challenges of burgeoning air traffic, connecting remote areas, creating aviation hubs, ensuring safety and security and liberalising bilaterals to move towards an 'open sky', a new draft civil aviation policy has been framed by the government.
The new Civil Aviation Policy is expected to be in place by January 2015. While releasing the Draft Civil Aviation Policy in Delhi, Civil Aviation Minister Ashok Gajapathi Raju Pusapati, said, “it aims to develop a transparent policy in which regulations for the Civil Aviation sector would be more meaningful.”
The policy, which was drafted and approved by the erstwhile United Progressive Alliance (UPA-II) government, has undergone a fresh review under the Bharatiya Janata Party (BJP)-led regime with additional thrust being given on remote area connectivity.
V Somasundaran, secretary, Civil Aviation, said, “As per the draft, airports are to be designed as integrated multi-modal hubs, so that they provide the best possible service levels as well as potential for growth. An integrated multi-modal hub should include rail, metro, bus and truck connectivity as well as accommodation and other services”.
The draft Civil Aviation Policy, on which the government would seek the views of all stakeholders, would also focus on encouraging regional airlines and suggest steps to move towards lower fares to make aviation affordable.
The draft policy is likely to come up with suggestions regarding jet fuel prices and heavy taxation on it which pose a major roadblock for airlines and consequently, development of aviation hubs in various parts of the country.
The need to coordinate development of tourism and promotion of 'brand India' in a concerted manner may also form part of the policy.
It is not only likely to recommend steps to develop global hubs in India but also establish domestic regional hubs to cater to the growing air traffic from non-metro destinations in remote areas like the northeast.
The government has been according high priority to provide air connectivity to remote, difficult and interior areas of the country and focusing on building and modernising airports in Tier-II and Tier-III cities.
The policy may also come up with a review of the rule, which allows an Indian carrier to fly abroad only after five years of domestic operations and after it has a 20-aircraft fleet.
However, the proposals, many of which were made public over several months for an open debate, have come under criticism from various quarters, including the airlines, which have been saying that high costs of fuel, aircraft and spares, mainly due to taxation, have disrupted the spread of air connectivity to remote areas.
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