MADURAI AIRPORT UPGRADE
Karnataka slams Centre over Madurai airport upgrade, seeks international tag for Hubballi, Belagavi
Karnataka's Congress-led government has strongly criticized the Union's recent decision to elevate Madurai Airport to international status, deeming it an act of discrimination. Minister MB Patil pointed out that Hubballi and Belagavi airports still await similar upgrades, suggesting that this decision seems strategically timed ahead of the Tamil Nadu elections.
Cabinet clears Jal Jeevan Mission 2.0 & other projects worth Rs 8.8 lakh crore
In a landmark decision, the Union Cabinet has greenlit a series of transformative infrastructure and public utility initiatives, totaling an impressive Rs 8.7 lakh crore. Top of the agenda is Jal Jeevan Mission 2.0, aimed at revolutionizing rural access to clean drinking water.
38 trains in Tamil Nadu to get additional stoppages from Aug 18: Union Minister
Union Minister L Murugan announced that 38 trains in Tamil Nadu will have additional stoppages starting August 18, following public demand. The central government has sanctioned significant funds for railway projects in the state, including station upgrades and new track construction. These improvements aim to modernize and expand railway infrastructure across Tamil Nadu.
Think ahead about the festive season: 22 stocks whose fortunes are shaped by the festive season; what they say impacts the market
India’s consumption year has two currents: The festive-season (Ganesh Chaturthi to Diwali, typically September–November) and the monsoon (June–September) that shapes rural cash flows and sentiment. For investors, the best opportunities emerge when these currents reinforce each other. Now, the monsoon has been largely normal. Will this result in a better festive season? For all those who have forgotten about the importance of the festive season, just a reminder: In September 2024, the correction in the market started when a senior executive of a two-wheeler company said that festive season sales may not pan out as expected. It was enough for the street to realise the economy might be moving into a cyclical slowdown. The rest is history.
Cabinet approves ₹2 lk cr package for jobs, R&D, sports policy and highway project
The Union Cabinet, led by Prime Minister Narendra Modi, has given the green light to several significant initiatives. A substantial investment will be made in research and development. This aims to boost domestic manufacturing and technological advancement. An Employment Linked Incentive scheme is set to generate numerous jobs. The Khelo Bharat Niti 2025 will revamp the sports sector.
Chennai's new airport: The South Indian city is catching up after years of lost ground
Bengaluru has emerged as a prime destination for foreign investment over Chennai, largely due to its modern airport infra. Chennai, despite its historical advantages and economic stature, has struggled with airport inefficiencies. Tamil Nadu is now planning a second airport to address these issues and enhance industrial growth.
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Tamil Nadu: Madurai junction being redeveloped under Amrit Bharat Station Scheme
Madurai Junction is getting a major upgrade. The station will have new terminals and multi-level parking. Skywalks will connect different areas. Passengers can expect airport-like facilities. These include AC waiting halls, restaurants, and shops. The project is part of the Amrit Bharat Station Scheme. The scheme aims to improve 1,275 stations across India.
Will 35% margin be the new normal for Indian Hotels in foreseeable future? Puneet Chhatwal answers
Puneet Chhatwal, MD & CEO of IHCL, discusses the projected increase in management fee income, expecting it to reach Rs 550 crore by 2025-26. He highlights the high flow-through of management fee business, stating that it is expected to grow at a rate of over 20% per annum. Chhatwal mentions the significant contribution of fee-based business and operating leases to IHCL's overall revenue. He concludes with confidence in the company's financial growth and the potential for further margin expansion.
Modernizing Railway Stations - A major initiative by PM Modi; See the progress
In May 2022, PM Modi laid the foundation stone for the redevelopment of Chennai Egmore, Rameswaram, Katpadi, Kanniyakumari and Madurai railway stations in Tamil Nadu. In June, he laid the foundation stones for the redevelopment of Udhna, Surat, Somnath and Sabarmati railway stations in Gujarat.
Government to monetise 25 airports over 4 years, to fetch Rs 20,782 crore
The total airport assets for monetisation account for 18 per cent of the overall airport assets under management of the AAI. The total value of assets considered for monetisation is estimated at Rs 20,782 crore for FY 2022-25.
Alliance Air to launch flights in new routes in 2 months: CEO
Alliance Air CEO Subbiah said it was utilising the Centre's UDAN scheme one hundred per cent and added that they were "forerunners" operating under the scheme. The airline has laid out an aggressive strategy for expansion.
Direct flights from Sri Lanka's Jaffna to several Indian cities soon
Sri Lankan officials said India had shown interest in developing Palaly to have direct flights from Jaffna to the southern Indian cities of Madurai, Tiruchi and Thiruvanathapuram.
CISF deploys over 1100 additional personnel to select airports
10 civil airports in the cities of Chennai, Patna, Bagdogra, Trivandrum, Vishakhapatnam, Jaipur, Goa, Aurangabad, Hyderabad and Madurai have been provided with a total of 1,172 additional CISF personnel over the last few months.
Screening at airports for Ebola not done properly: Health Ministry review
Of the 14 airports identified, isolation facilities at 12 airports were not at par with the Health Ministry guidelines.
PIL for including Madurai airport in the BASA agreement
A PIL seeking inclusion of Madurai airport as a "point of call" in the Bilateral Air Service Agreement was admitted by the Madras High court.
Madras High Court bench orders notice to Aviation ministry, AAI
The Madras High Court today ordered notice to the Civil Aviation Ministry and AAI on a PIL, seeking clearance for air connectivity to Dubai
TN Govt announces satellite city for Madurai
Tamil Nadu government today announced a satellite township on the outskirts of Madurai at a cost of Rs 120 crore.
Economy class Air India travellers can get themselves upgraded
Now economy class travellers can get themselves upgraded to executive class in an Air India flight operating from any of the 45 cities as the airline has added 28 more cities to the scheme.
Tourism, Aviation Ministries to promote Incredible India
The Indian carriers would have to display 'Incredible India' logo on all their aircraft for which the Tourism Ministry would provide the design.
Smaller airports' city side to get private facelift
The Airports Authority of India will lease out land around the airports for 30 years for some upfront fees and yearly rentals.
By 2050, if 12 carriers survive in the world, 3 will be Indian: Praful Patel
Terminal 3 of Indira Gandhi International Airport, Delhi boasts of being world's 8th largest passenger terminal, equipped to handle 34 million passengers annually.ET Now's Andy Mukherjee catches up with the man at the helm of India's aviation revolution, Civil Aviation Minister, Praful Patel.
AAI plans to levy development fee at non-metro airports
Flying from smaller cities, such as Aurangabad, Srinagar and Dehradun, is likely to become costlier with the state-owned operator, Airports Authority of India (AAI), proposing to levy a user development fee.
Blue star bags Pune air conditioning order
Blue Star has been awarded a Rs 5 crore order from Era Infra Engineering for air conditioning works at Pune airport.
Aviation fuel supply: Private refiners ready for take off?
The aviation fuel industry, one of the most lucrative links in the petroleum chain that has for decades been a public sector oligopoly, is set to undergo a sea-change with new entrants getting into the fray.
Some developments & trends in Indian Aviation sector
Airports Authority of India will establish Mobile Command Post (MCP), a hightech safety service at its 66 big airports to combat and co-ordinate all kind of aviation emergencies, with an investment of around Rs 100 crore.
TN seeks to double exports to $30 bn by 2011
The Tamil Nadu Government on Monday announced a new industrial policy seeking to double exports from the state to 30 billion dollars by 2011 that would create 10 lakh additional jobs.
Airports put on high alert after hijack threat
Intelligence inputs suggested terrorists may attempt to hijack an aircraft seeking Afzal Guru's release.
No private party at 35 airports
Ending confusion over participation of private companies in upgrading non-metro airports, the government said ‘only’ Airports Authority of India will be allowed to take part in upgradation 35 non-metro airports identified for modernisation.
No private party at 35 airports
Ending confusion over participation of private companies in upgrading non-metro airports, the government said ‘only’ Airports Authority of India (AAI) will be allowed to take part in upgradation 35 non-metro airports identified for modernisation.
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