Tuesday, February 28, 2006

Economic regulator for airports likely

New delhi:The Economic Survey for 2005-06, which was presented in Parliament here on Monday, said that due to the monopoly nature of the airports and their economic importance, efforts are afoot to set up an independent airport economic regulator for tariff setting and monitoring of performance standards.
As per the Survey, the government’s policy initiatives had a marked impact on the aviation sector. The entry of lowcost carriers has changed the profile of the air passengers. Domestic and international traffic grew by 24.2% and 18% respectively in April-December 2005. Private airlines, that presently account for 68.9% of the domestic cargo, also recorded a growth of 11.7% and 6.6% respectively.
In fact, the survey says that this growth is the second highest in the world, next to China for the second consecutive year.
27/02 Financial Express
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