• About Us
  • Feedback
  • RSS Feed
  • Privacy Policy
  • Disclaimer
  • Sitemap
Odisha News, Odisha Breaking News, Odisha Latest News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News
Home Nation

Civil Aviation Ministry’s Allocation Dips To Rs 3,113.36 Crore In Budget 2023-24

OMMCOM NEWSbyOMMCOM NEWS
February 1, 2023
in Nation

New Delhi:  The Civil Aviation Ministry witnessed a significant decline in its allocation in Budget 2023-24 presented on Wednesday.

The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore.

The Budget documents showed that the major reduction is mainly due to lower money allocation for AI Asset Holding Ltd (AIAHL), a special purpose vehicle formed by the government and that holds various assets of national carrier Air India.

The Budget announced on Wednesday has allocated Rs 1,114.49 crore for AIAHL under the public sector undertakings segment. In the Budget for 2022-23, AIAHL was initially allocated Rs 9,259.91 crore, which was later revised to Rs 7,200 crore and the provision is kept for servicing of loan transferred to SPV as a result of financial restructuring of Air India.

On the other hand, the latest budget has hiked the amount for regional air connectivity to Rs 1,244.07 crore for the next financial year starting April 1. The proposal is for revival of 22 airports and for commencement of 100 RCS routes, and viability gap funding for northeast connectivity. To improve connectivity in the NE Region, a new scheme has also been formulated for providing air connectivity and aviation infrastructure.

Union Finance Minister Nirmala Sitharaman in her Budget speech announced that 50 additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity.

Aviation regulator DGCA has got Rs 309 crore in this Budget and the provision is for meeting the establishment expenditure of the Director General of Civil Aviation and its regional and field offices. It provides for Training Projects, eGCA Project, construction of DGCA Bhawan. It also includes provision for India’s contribution to the International Civil Aviation Organisation.

(IANS)

Tags: Civil Aviation Ministry
Previous Post

3rd T20I: Gill’s Sensational Ton, Tripathi Cameo Power India To 234/4 Against New Zealand

Next Post

Agri-Tech Startup Fund, Increased Credit In Budget To Boost Agriculture Sector

Related Posts

Nation

Rahul’s Questions Will Now Resonate Across The Country: Priyanka Gandhi

March 25, 2023
Shraddha Walker, Mehrauli Murder
Nation

Mehrauli Murder: Shraddha Walkar’s Father Moves Court Seeking Audio-Video Evidence

March 25, 2023
Sukesh Chandrashekhar
Nation

Thank You For Giving Me Your Heart: Conman Sukesh Says In Letter To Jacqueline

March 25, 2023
Nation

Rahul Issue: PM Burnt In Effigy, Massive Protests Across Wayanad For 2nd Day

March 25, 2023
Nation

Plea Moved In SC Challenging Automatic Disqualification Of MPs On Conviction

March 25, 2023
Nation

Rahul Says He Isn’t Savarkar, Won’t Apologise

March 25, 2023
OMC

Related Posts

Nation

Rahul’s Questions Will Now Resonate Across The Country: Priyanka Gandhi

March 25, 2023
Shraddha Walker, Mehrauli Murder
Nation

Mehrauli Murder: Shraddha Walkar’s Father Moves Court Seeking Audio-Video Evidence

March 25, 2023
Sukesh Chandrashekhar
Nation

Thank You For Giving Me Your Heart: Conman Sukesh Says In Letter To Jacqueline

March 25, 2023
Nation

Rahul Issue: PM Burnt In Effigy, Massive Protests Across Wayanad For 2nd Day

March 25, 2023
Nation

Plea Moved In SC Challenging Automatic Disqualification Of MPs On Conviction

March 25, 2023
Nation

Rahul Says He Isn’t Savarkar, Won’t Apologise

March 25, 2023
Next Post

Agri-Tech Startup Fund, Increased Credit In Budget To Boost Agriculture Sector

Thrust On Modernisation And Infra Building On Northern Borders In Defence Budget

Aarrest

Three Held In Connection With J&K MLC Trilochan Singh Wazir's Murder In Delhi

  • About Us
  • Feedback
  • RSS Feed
  • Privacy Policy
  • Disclaimer
  • Sitemap

© 2022 - Ommcom News. All Rights Reserved.

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2022 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist