
AERA allows temporary user development fee for upcoming Navi Mumbai airport
The airport is being developed by the Navi Mumbai International Airport Ltd (NMIAL).
Mumbai, Jun 23 (PTI) Regulator AERA has allowed levying of user development fee of up to Rs 1,225 at the upcoming Navi Mumbai airport on an ad-hoc basis.
For disembarking passengers, the UDF will be Rs 270 and Rs 525 for domestic and overseas flights, according to AERA's 42-page order.
The UDF charges have been approved on an ad-hoc basis for the 2025-26 financial year.
The Airports Economic Regulatory Authority (AERA) said it has been decided to allow levying ad-hoc UDF as an interim measure till March 31, 2026, or till final determination of regular tariff, whichever is earlier.
'The revenue to be collected by NMIAL on an ad-hoc basis in the interim period shall be accounted for by the authority during the regular tariff determination exercise of NMIA,' the order said. PTI IAS RAM RHL RHL
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
18 minutes ago
- Hindustan Times
PM Narendra Modi vows to protect farmers amid trade tensions
Prime Minister Narendra Modi pushed for greater self-reliance, local manufacturing of everything, from fertilisers to EV batteries, and pledged to protect farmers amid trade tensions with the US, delivering his 13th straight Independence Day address on Friday. A large majority of Indian agriculturists are small land-owners, tending to tiny parcels of farmland. (PTI photo) 'Farmers, fishermen, cattle rearers are our top priorities', Modi said in his customary address at the Red Fort in New Delhi, soon after hoisting the Tricolour under a cloudy, monsoon sky in New Delhi. 'Modi will stand like a wall against any policy that threatens their interests. India will never compromise when it comes to protecting the interests of our farmers,' he said. India will never compromise the interests of its farmers because agriculturists of the country have made the country self-sufficient, Modi said in a sweeping speech, underscoring the fifth-largest economy's stand on not opening up the farm sector during the US-India trade talks. Also Read: Modi outlines vision centered around self-reliance, defence, pledges simpler GST The PM said the country needed to achieve self-sufficiency in energy, critical minerals, technology and weaponry, underscoring the need to build high quality goods even as 'economic selfishness rises by the day'. Linking local production with national pride, Modi said, 'The yardstick of a nation to measure its self-esteem is to see to what extent it is self-reliant,' Modi said. 'Everybody knows that after we gained freedom, feeding millions was a great challenge. It was my farmers who toiled to fill our silos with grains. Modi stands like a wall, won't compromise on farmers.' A large majority of Indian agriculturists are small land-owners, tending to tiny parcels of farmland. The farm sector supports nearly half of the nation's population and agriculture accounts for nearly 18% of India's GDP, which explains the country's continued protectionism. The focus on the economy comes against the backdrop of US President Donald Trump's decision to impose a 50% tariff rate on India, much higher than its neighbours and peers, which disadvantages exports and could hurt nearly one per cent of the nation's gross domestic product, according to some analysts. 'The need of the hour is to take a resolve for building a strong India ... I want our traders, shopkeepers to display boards for swadeshi (India-made) products,' Modi said. Modi said that agriculture remains the cornerstone of India's development, with the country being no. 1 in milk, pulses and jute production, and no 2 in rice, wheat, cotton, fruits and vegetables. Farm exports have crossed ₹4 lakh crore, reflecting the nation's global competitiveness, he said adding, to further empower farmers, the government launched the PM Dhanya Dhanya Krishi Yojana for 100 backward farming districts, complementing ongoing support through PM-Kisan and irrigation schemes etc. Earlier this month, Trump signed an executive order imposing an additional 25% tariff on all Indian goods entering the US, making good on his threat to penalise New Delhi's continued purchases of Russian oil. The additional 25%, due to take effect on August 27, puts India at par with Brazil as the two countries whose exports will face the highest levy of 50% on their goods. The duties would put Indian exporters at a significant disadvantage compared to their rivals in Bangladesh, Indonesia and Vietnam – which face tariffs of between 19% and 20% . India has called the American actions 'unfair, unjustified and unreasonable' and said it will take all actions necessary to protect its national interests, India and the US failed to hammer out a bilateral trade pact after several rounds of negotiations, despite Trump's hint in the middle of the talks that a 'big deal' was imminent. India's refusal to open up its farm, fishery and dairy sectors was one of the main sticking points.


Mint
18 minutes ago
- Mint
400% rally in four years! Small-cap multibagger stock to be in focus on Monday; here's why
Small-cap multibagger stock Pavna Industries will remain in focus in Monday's trading session after the company announced that the company will form a joint venture company with SmartChip Microelectronic Corporation, on Thursday, August 14. Pavna Industries share price fell over 2.68 per cent to close at ₹ 407.30 apiece on Thursday, as compared to previous close of ₹ 418.50 on Wednesday. The small-cap stock has remained volatile in the short-term. The stock gained nearly 7 per cent in past five trading sessions, however, descended 5.68 per cent in a month. Pavna Industries shares have given multibagger returns to its long-term investors by soaring over 400 per cent in four years. In an exchange filing dated August 14, the company informed the exchanges that there is a Joint Venture Agreement executed between Pavna Industries and SmartChip Microelectronic Corporation. The joint venture formed will undertake and carry on the business of making electronic components for the automobile industry. ' The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries, aero, medical Pavna,' the company said in the filing. The proposed shareholding structure for the joint venture will see Pavna Industries Limited holding a majority stake of 80 per cent, while SmartChip Microelectronic Corporation will own the remaining 20 per cent. The Authorised and paid-up capital of the company shall be ₹ 5,00,000 (Five lakh) divided into 50,000 (Fifty Thousand) Equity Shares of ₹ 10/- each. The company further informed the exchanges that the joint venture will be subsidiary of Pavna Industries Limited with 80 per cent holding and four directors will be nominated by Pavna Industries and one Director shall be nominated by SmartChip Microelectronic Corporation. ' The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation,' it said in case of issuance of shares to the parties. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


Business Standard
18 minutes ago
- Business Standard
Prometheus Business League concludes with grand closing ceremony
PNN Ahmedabad (Gujarat) [India], August 15: The Prometheus Business League (PBL), an annual initiative of BNI Ahmedabad's Prometheus chapter, concluded on Thursday with a grand closing ceremony, marking the end of its fourth edition themed Vyuh, symbolising strategy. The five-week league, which ran from July 2 to August 6, is designed to promote effective chapter activities and strengthen professional relationships among members. PBL 4.0 involved 100 members of the 11-year-old chapter, structured into teams of nine, with participation overseen by three commissioners under defined rules and regulations. During the league, members of BNI Prometheus engaged in activities such as giving references, introducing fellow members to professionals from various sectors, including medicine, architecture and industry, and inducting new members into the chapter. The event recorded 107 'power dates', structured business meetings between members, and facilitated business deals worth over Rs. 15 crore. Five new members were also inducted into the chapter during the league. The top three teams in the league received cash prizes for their performances. BNI Prometheus President, Kushal Dham, said, "The Prometheus Business League is a unique platform where members come together to collaborate, create opportunities, and strengthen bonds. This year, while we played the game and achieved significant business, we also deepened our connections, which is the true strength of our chapter. We are committed to the individual and collective growth of our members and the chapter." The closing ceremony featured a stand-up comedy show by Kamlesh Darji and the distribution of prizes and awards to the winners. It concluded with a grand dinner for all members of BNI Prometheus. The Prometheus Business League is a structured programme aimed at promoting personal and collective growth through active engagement, networking and collaboration. Now in its fourth edition, it continues to contribute to the chapter's focus on building strong, long-term business relationships.