New Delhi: Finance Minister Arun Jaitley announced the introduction of electronic visas (e-visas), creation of heritage and religious theme-based tourism circuits and financial support for the development of a convention centre in Goa in his maiden Budget speech on Thursday. The government has also enhanced duty-free allowance for Indians returning from abroad to Rs 45,000 from Rs 35,000.
The minister announced the development of new airports in Tier-I and -II cities but gave no relief to the aviation sector in terms of lower taxes on jet fuel. Air India received an additional infusion of Rs 1,000 crore above the Rs 5,500 crore commited in the interim Budget in February.
The government said no custom duty will be payable on aircraft engines imported for repair and maintenance by airlines.
Jaitley said in his Budget speech, "Despite the increase in air connectivity, air travel is still out of reach of a large number of aspirational Indians. The scheme for the development of new airports in Tier-I and -II cities will be launched for implementation through the Airports Authority of India (AAI) or PPPs (public-private partnerships).”
11/07/14 Business Standard
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The minister announced the development of new airports in Tier-I and -II cities but gave no relief to the aviation sector in terms of lower taxes on jet fuel. Air India received an additional infusion of Rs 1,000 crore above the Rs 5,500 crore commited in the interim Budget in February.
The government said no custom duty will be payable on aircraft engines imported for repair and maintenance by airlines.
Jaitley said in his Budget speech, "Despite the increase in air connectivity, air travel is still out of reach of a large number of aspirational Indians. The scheme for the development of new airports in Tier-I and -II cities will be launched for implementation through the Airports Authority of India (AAI) or PPPs (public-private partnerships).”
11/07/14 Business Standard
