&w=3840&q=100)
Flying international biz from Mumbai gets pricier under AERA's UDF tweak
The revised UDF will remain in force from May 16 this year to March 31, 2029 (the end of 2028-29), also called the "fourth control period"
Deepak Patel New Delhi
Listen to This Article
The Airports Economic Regulatory Authority of India (Aera) has allowed Adani Group-led Mumbai International Airport (MIAL), which manages the airport in India's financial capital, to charge a higher user development fee (UDF) from international business class passengers than from international economy class travellers until 2028–29.
GMR Group-led Delhi International Airport, which operates Delhi airport, was the first to receive approval to levy class-based differential UDF from international passengers in March this year.
Aera, in a statement on Thursday, said MIAL can collect a UDF of ₹615 from each departing international economy class passenger and ₹695 from each departing international business
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
No disruption in operations due to rare earth supply crisis: Maruti
Automaker says situation is 'uncertain and evolving' amid report that it has made e-Vitara production cuts Deepak Patel New Delhi Maruti Suzuki India (MSIL) said on Thursday its operations are unaffected by the global rare earth magnet shortage, but added that the situation is 'uncertain and evolving'. The company said it is exploring multiple solutions to maintain continuity in operations and will notify stakeholders if any material impact arises. The clarification comes amid a Reuters report earlier this week stating that the country's largest carmaker has slashed production estimates for its upcoming electric SUV, the e-Vitara, by nearly two-thirds due to rare earth supply constraints. According to the report, MSIL has revised its production target for the e-Vitara from 26,000 units to just 8,200 units for the first half of FY26. The report, citing internal documents, attributed the change to 'supply constraints' of critical rare earth elements, particularly magnets used in electric powertrains. Despite the scale back, MSIL reportedly aims to meet its full-year target of 67,000 units by ramping up production in the second half of the financial year. 'Regarding the situation on rare earth, as of now there is no disruption in our operation due to this issue,' said a MSIL spokesperson, in a statement on Thursday. 'There is a lot of uncertainty and the situation is continuously evolving. We are monitoring the situation and pursuing multiple solutions to ensure continuity in our operations. If and when there is any material impact to our business, we will inform all stakeholders in line with regulatory requirements,' the spokesperson added. Rare earth magnets are a crucial component in electric vehicle (EV) motors and are also used in power steering systems, speakers, and other car components. Their shortage stems from China's decision in April to tighten export controls on key rare earth elements, including neodymium, dysprosium and terbium. These elements are essential in the production of permanent magnets used in EVs. According to the Federation of Automobile Dealers Associations (FADA), electric car sales in India reached 107,645 units in fiscal year 2024–25, up from 91,506 units in FY24, marking a 17.7 per cent year-over-year increase. China controls more than 90 per cent of the global rare earth magnet supply chain. China's new export rules require companies to obtain end-use certifications and licences, which has slowed shipments and created uncertainty for automakers worldwide. The disruption has raised alarm in India's automotive industry, especially among EV manufacturers who depend heavily on Chinese supplies. The Indian government is monitoring the situation. A delegation may soon travel to China to expedite clearances for shipments stuck due to regulatory bottlenecks. Additionally, the government is evaluating measures such as incentivising domestic rare earth magnet production and expanding recycling initiatives. The rare earth crunch comes at a time when Indian automakers are stepping up EV production to meet future emission targets and global demand.
Time of India
17 hours ago
- Time of India
KWA writes off Rs 167cr water bill arrears of Kochi corporation
Kochi: In a major relief to Kochi corporation, KWA has decided to write off water bill arrears of local body, which amounts to around Rs 167 crore. Corporation's water bills, mainly those for public water taps, were pending since 2011. Tired of too many ads? go ad free now The decision was made during a meeting between corporation authorities and KWA officials in May. Govt had already cut Rs 45 crore from general purpose grant and non-road maintenance allotment to corporation to adjust water bill arrears of civic body. Moreover, KWA was required to deposit around Rs 60 lakh for carrying out various works, but the authority didn't pay it to corporation. It was without deducting these amounts that KWA put the bills, including arrears, at Rs 167 crore. All these issues were discussed during the meeting. KWA was charging bills for 5,445 public water taps in the city. At the same time, there is a dispute over the manner in which KWA is calculating water bills. "In the past few years, actual number of public water taps in the city has come down as more households are using individual water connections and need for public water taps has decreased. Still, KWA calculated bills based on the old number. The authority lacks proof to substantiate their claim that there are 5,445 in the city. All these issues were brought to the attention of KWA. This might be the reason for KWA writing off water bill arrears till March 31, 2025," said corporation UDF parliamentary party secretary M G Aristotle. A couple of years ago, KWA and corporation conducted a joint inspection to identify actual number of public water taps in the city. It was then found that number of public water taps in the city had dipped by more than 50%.
Time of India
a day ago
- Time of India
Srinagar Airport User Charges Waiver: FIA Appeals for Waiver of Charges to Revive Kashmir Air Travel Post-Attack, ET Infra
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Airline industry body FIA has sought waivers on user development fee and aviation security fee for a year at Srinagar Airport to boost air travel demand to and from Kashmir, which has taken a hit in the aftermath of the Pahalgam attack. The Federation of Indian Airlines (FIA), which has Air India, IndiGo and SpiceJet also said that financial incentives play an important role in rebuilding traffic apart from other safety and security measures, which the government is already every departing passenger shells out ₹1,050 as UDF and ₹200 as Aviation ASF plus GST, as per the support required to boost air travel demand at Srinagar airport, FIA said, "May we request, if the government can waive both UDF and ASF for every departing passenger from Srinagar airport for a period of one year with immediate effect. It will boost air travel demand to and from Srinagar airport."Airlines in India, have been playing a key role in connecting India and in nation building with its high economic and employment multiplier. Airlines have played a vital role in substantial growth of tourism in the Kashmir region over years, it said."After the Pahalgam incident, tourists are terrified and no one is travelling to Kashmir region for tourism purposes. There is no demand for air travel to and from Kashmir. Hotels are empty there," the FIA said."In view of the above, we request the MoCA's urgent intervention with the Finance Ministry to have these requirements removed altogether and to align with APIS information already submitted to the Bureau of Immigration," the airlines body said in the communication.>
