In what may sound music to the ears of the industry, the plan panel favoured rationalisation of taxes on jet fuel and investment by foreign airlines in Indian carriers.
A working group of the plan body, which formulated the 12th Plan for the sector, said by not allowing foreign carriers to pick up stake in Indian airlines, access to potential sources of capital and expertise was being denied.
It proposed a projected total outlay for the sector at over Rs 54,743 crore for the entire plan period of 2012-17, including Rs 32,963.67 crore for Air India and Rs 17,500 crore for the Airports Authority of India.
RELATED STORY
* High interest rates likely to continue: Pronab Sen
* Planning Commission asks ministries to limit hike in outlay to 15% in FY13
* Land acquisition hitches leading to delays in road projects
* No case for stimulus to boost moderating growth, says Montek
* Infra sector needs Rs 41-lakh-crore investment: Survey
Noting that half of the "huge debt burden" of $20 billion in 2011-12 was aircraft-related and the rest for working capital loans and payments to airport operators and fuel companies, the working group said the existing FDI policy "does not permit foreign airlines investment, thereby denying access to potential sources of capital and expertise".
It also pointed out that the industry faced "many taxes" like those on fuel, aircraft leases, airport charges, air passenger tickets, air navigation service charges, maintenance costs, fuel throughput fees and other such charges.
"These fees and taxes on inputs are either not present in other matured aviation markets, or are much lower there. The Indian air transportation industry is thus laden with very high costs and larger operating losses than their other counterparts globally," it said.
This, the Planning Commission document said, was "not to say that air transport industry should be completely exempt from taxation - rather, it is a matter of distortion that needs to be addressed."
Maintaining that the future of Indian aviation growth was "critically linked to the health of the airline industry", it said apart from many structural factors, "the operating cost environment is adversely impacting the financial of the airline sector".
Noting that taxation of the sector was disproportionately high, it said, "Airlines must be treated as economic assets rather than as convenient source of taxation. Air travel should not be treated as a luxury good, but as a necessary and normal service ... and should be taxed accordingly".
Observing that the key-cost drivers were high taxes and the ATF price which accounted for 40 per cent of the airlines' operating cost, it said, "There is no doubt that the current regime of aviation fuel taxation adversely impacts the financial performance of Indian air carriers.
"If aviation fuel taxes are disproportionately higher without any basis, then it retards the industry development vis-a-vis the overall growth in the economy and limits its potential contribution to economic wellbeing. Multiple and higher levies on ATF will impact the operating cost environment of airlines."
The working group also pointed out that following dismantling of the administered price mechanism for oil, ATF prices in India were directly linked to the Gulf prices. The jet fuel price in India "do not relate to the actual cost of producing ATF in India", it said and suggested that these prices be rationalised "to minimise the cascading effect of tax regime" so that the airlines' operating costs became conducive for provision of affordable air services.
Article Source: http://profit.ndtv.com/News/Article/airline-industry-to-see-20-bn-debt-in-2011-12-plan-panel-295999
http://drctry.info/detail/link-37532.html
http://www.xyzdirectory.info/shopflipelican.com-31700.html
http://www.add-page.com/details/page_184750.php
http://www.submit-url.org/Business_and_Finance/single-parent-dating-site -IT-311632.html
http://eprofessional.info/~eprofess/detail/link-55226.html
http://drctry.info/detail/link-38399.html
http://www.addsitelink.com/Home/Consumer_Information/hip-hop-fashion-303848.html
http://www.britainbusinessdirectory.com/detail/Phoenix-Entertainment-121128.htm
http://www.britainbusinessdirectory.com/detail/Scottsdale-Entertainment-121127.htm
http://www.sf-tech.com/detail/link-87437.html
http://www.tctco.com/detail/link-119184.html
http://www.tctco.com/detail/link-119180.html
http://www.wonderweblink.info/playpokeronline.com-40407.html
http://www.opendirectorys.com/detail/link-136462.html
http://eprofessional.info/~eprofess/detail/link-54605.html
http://onemission.com/Business/Services/
http://www.molexs.com/detail/link-26647.html
http://www.directoryelite.info/phoenixnightout.com-9772.html
http://www.prolinkdirectory.com/detail/link-533439.html
http://www.prolinkdirectory.com/detail/link-533437.html
http://www.1235directory.com/ovclinicalsops.com-105699.html
http://www.gainweb.info/playpokeronline.com-30308.html
http://www.britainbusinessdirectory.com/detail/online-poker-real-money-121129.htm
http://www.xyzdirectory.info/playpokeronline.com-31699.html
http://www.add-page.com/details/page_185727.php
http://onemission.com/Shopping/
http://eprofessional.info/~eprofess/detail/link-55221.html
http://www.suggest-link.net/detail/link-259088.html
http://www.add-page.com/details/page_185729.php
http://www.tctco.com/detail/link-119389.html
http://www.urlmoz.com/detail//computers/Scottsdale-Clubs-186380.html
http://www.paragade.info/detail/link-4644.html
http://www.ukinternetdirectory.net/detail/urban-fashion-136416.htm
http://www.ukinternetdirectory.net/detail/quinceanera-dresses-135995.htm
http://www.opendirectorys.com/detail/link-136460.html
http://www.tctco.com/detail/link-119386.html
http://www.britainbusinessdirectory.com/detail/clinical-research-standard-operating-procedures-121131.htm
http://www.submit-url.org/Business_and_Finance/locksmith-in-chicago-311638.html
http://www.addnewlink.net/health/womens_health/Scottsdale-Restaurants-331014.html
http://www.nju-jp.com/detail/link-149995.html
http://www.paragade.info/detail/link-4643.html
http://www.sf-tech.com/detail/link-88694.html
http://www.alinkcatalog.info/detail.php?id=64145
http://eprofessional.info/~eprofess/detail/link-55223.html
http://www.addnewlink.net/health/womens_health/urban-fashion-331017.html
http://www.urlmoz.com/detail//computers/street-wear-186383.html
http://www.alinkcatalog.info/detail.php?id=64143
http://www.domaining.in/detail/link-519065.html
http://www.addsitelink.com/Home/Consumer_Information/Kasseapparater-303844.html
http://www.add-page.com/details/page_185725.php
http://www.nju-jp.com/detail/link-149998.html
http://www.molexs.com/detail/link-27546.html
http://www.addsitelink.com/Home/Consumer_Information/xp-admin-password-301201.html
http://onemission.com/Business/Services/
http://www.directoryelite.info/realestateappraisalsaustin.com-9667.html
http://www.add-page.com/details/page_185726.php
http://www.linknom.com/detail/link-374631.html
http://www.suggest-link.net/detail/link-257707.html
http://www.urlmoz.com/detail//computers/junior-plus-size-clothing-184560.html
http://www.fame.ws/detail.php?id=85641
http://www.wonderweblink.info/ovclinicalsops.com-40404.html
http://www.alinkcatalog.info/detail.php?id=64144
http://drctry.info/detail/link-38400.html
http://www.prolinkdirectory.com/detail/link-533436.html
http://www.tctco.com/detail/link-119388.html
http://www.opendirectorys.com/detail/link-136464.html
http://www.1235directory.com/bigom.nu-105698.html
http://www.directoryelite.info/playpokeronline.com-9773.html
http://www.1235directory.com/scottsdalenightout.com-105700.html
http://www.molexs.com/detail/link-26648.html
http://www.submit-url.org/Business_and_Finance/urban-fashion-314064.html
http://www.molexs.com/detail/link-27548.html
http://www.urlmoz.com/detail//computers/online-poker-real-money-186382.html
http://www.submissionwebdirectory.com/detail/thinning-shears-191533.htm
http://www.submissionwebdirectory.com/detail/clinical-trial-standard-operating-procedures-192024.htm
http://www.alinkcatalog.info/detail.php?id=64141
http://www.nju-jp.com/detail/link-149999.html
http://www.gainweb.info/shopflipelican.com-30309.html
http://www.molexs.com/detail/link-26673.html
http://www.cleky.com/detail/link-34537.html
http://www.nju-jp.com/detail/link-150000.html
http://www.add-page.com/details/page_184651.php
http://www.addsitelink.com/Home/Consumer_Information/Scottsdale-Night-Life-303845.html
http://www.alinkcatalog.info/detail.php?id=63137
http://www.tctco.com/detail/link-119391.html
http://www.cleky.com/detail/link-35681.html
http://www.tctco.com/detail/link-119390.html
http://www.add-page.com/details/page_185730.php
http://www.littlewebdirectory.com/links.asp?Page=244&cat=49
http://www.ukinternetdirectory.net/detail/real-money-online-poker-136415.htm
http://www.urlmoz.com/detail//computers/Kasseapperat-186379.html
http://www.addsitelink.com/Home/Consumer_Information/clinical-trial-standard-operating-procedures-303849.html
http://www.ukinternetdirectory.net/detail/Phoenix-Restaurants-136414.htm
http://www.prolinkdirectory.com/detail/link-533435.html
http://www.xyzdirectory.info/bigom.nu-31696.html
http://www.domaining.in/detail/link-519068.html
http://onemission.com/Entertainment/Drinking/
http://www.addnewlink.net/health/womens_health/clinical-trials-standard-operating-procedures-331018.html
http://www.addsitelink.com/Home/Consumer_Information/house-appraiser-austin-300950.html
http://www.ukinternetdirectory.net/detail/Kasseapparater-136412.htm
http://www.opendirectorys.com/detail/link-136465.html
http://www.1235directory.com/pcunlock.com-105561.html
http://www.addsitelink.com/Home/Consumer_Information/real-money-online-poker-303847.html
http://www.submissionwebdirectory.com/detail/real-money-poker-192022.htm
http://www.linknom.com/detail/link-374634.html
http://www.ukinternetdirectory.net/detail/Scottsdale-Restaurants-136413.htm
http://eprofessional.info/~eprofess/detail/link-55225.html
http://onemission.com/Business/Services/
http://www.linknom.com/detail/link-374635.html
http://www.suggest-link.net/detail/link-259093.html
http://www.fame.ws/detail.php?id=85634
http://www.nju-jp.com/detail/link-149996.html
http://www.molexs.com/detail/link-27547.html
http://www.directoryelite.info/ovclinicalsops.com-9769.html
http://www.submit-url.org/Business_and_Finance/play-poker-online-for-money-314063.html
http://www.domaining.in/detail/link-519066.html
http://drctry.info/detail/link-38403.html
http://www.directoryelite.info/shopflipelican.com-9774.html
http://www.gainweb.info/bigom.nu-30304.html
http://www.submissionwebdirectory.com/detail/Kasseapparat-192019.htm
http://www.1235directory.com/shopflipelican.com-105703.html
http://www.addnewlink.net/health/womens_health/Kasse-apparat-331013.html
http://www.submissionwebdirectory.com/detail/Phoenix-Night-Life-192021.htm
http://www.ukinternetdirectory.net/detail/clinical-trials-standard-operating-procedures-136418.htm
http://www.add-page.com/details/page_184733.php
http://www.addnewlink.net/health/womens_health/victorias-secret-coupons-328755.html
http://www.opendirectorys.com/detail/link-135098.html
http://www.gainweb.info/phoenixnightout.com-30307.html
http://drctry.info/detail/link-38401.html
http://www.xyzdirectory.info/scottsdalenightout.com-31697.html
http://www.directoryelite.info/scottsdalenightout.com-9771.html
http://www.xyzdirectory.info/ovclinicalsops.com-31701.html
http://www.wonderweblink.info/couponmate.org-40313.html
http://www.sf-tech.com/detail/link-88698.html
http://www.gainweb.info/scottsdalenightout.com-30306.html
http://www.linknom.com/detail/link-374632.html
http://www.cleky.com/detail/link-35680.html
http://drctry.info/detail/link-38402.html
http://www.opendirectorys.com/detail/link-136461.html
http://www.domaining.in/detail/link-519067.html
http://www.submit-url.org/Business_and_Finance/Scottsdale-Restaurants-314061.html
http://www.tctco.com/detail/link-119387.html
http://www.addnewlink.net/health/womens_health/Phoenix-Restaurants-331015.html
http://www.opendirectorys.com/detail/link-134960.html
http://www.domaining.in/detail/link-519063.html
http://www.suggest-link.net/detail/link-259089.html
http://www.1235directory.com/playpokeronline.com-105702.html
http://www.littlewebdirectory.com/links.asp?Page=184&cat=222
http://www.submit-url.org/Business_and_Finance/clinical-trials-standard-operating-procedures-314065.html
http://www.littlewebdirectory.com/links.asp?Page=454&cat=70
http://www.cleky.com/detail/link-35679.html
http://www.paragade.info/detail/link-4646.html
http://www.britainbusinessdirectory.com/detail/streetwear-121130.htm
http://www.molexs.com/detail/link-26668.html
http://www.sf-tech.com/detail/link-87461.html
http://www.littlewebdirectory.com/links.asp?Page=56&cat=40
http://www.cleky.com/detail/link-35678.html
http://www.prolinkdirectory.com/detail/link-533434.html
http://www.cleky.com/detail/link-35682.html
http://www.suggest-link.net/detail/link-259092.html
http://www.urlmoz.com/detail//computers/Phoenix-Clubs-186381.html
http://www.suggest-link.net/detail/link-259091.html
http://www.tctco.com/detail/link-119179.html
http://www.xyzdirectory.info/phoenixnightout.com-31698.html
http://www.addsitelink.com/Home/Consumer_Information/Phoenix-Night-Life-303846.html
http://eprofessional.info/~eprofess/detail/link-55222.html
http://www.submit-url.org/Business_and_Finance/Kassesystem-314060.html
http://www.opendirectorys.com/detail/link-136463.html
http://www.1235directory.com/alight.com-105564.html
http://www.littlewebdirectory.com/links.asp?Page=246&cat=49
http://www.fame.ws/detail.php?id=85637
http://onemission.com/Entertainment/Drinking/
http://www.nju-jp.com/detail/link-149997.html
http://www.linknom.com/detail/link-374633.html
http://www.nju-jp.com/detail/link-147992.html
http://www.1235directory.com/phoenixnightout.com-105701.html
http://www.prolinkdirectory.com/detail/link-533438.html
http://www.xyzdirectory.info/realestateappraisalsaustin.com-31579.html
http://www.fame.ws/detail.php?id=85636
http://www.wonderweblink.info/bigom.nu-40403.html
http://www.littlewebdirectory.com/links.asp?Page=244&cat=49
http://www.suggest-link.net/detail/link-259090.html
http://www.addnewlink.net/health/womens_health/play-poker-online-331016.html
http://www.submissionwebdirectory.com/detail/Toronto-IT-191537.htm
http://www.cleky.com/detail/link-35677.html
http://www.sf-tech.com/detail/link-88695.html
http://www.molexs.com/detail/link-27544.html
http://www.britainbusinessdirectory.com/detail/chicago-lock-company-119034.htm
http://www.wonderweblink.info/scottsdalenightout.com-40405.html
http://www.molexs.com/detail/link-27545.html
http://www.britainbusinessdirectory.com/detail/password-remover-119035.htm
http://www.littlewebdirectory.com/links.asp?Page=452&cat=70
http://www.urlmoz.com/detail//computers/clinical-research-standard-operating-procedure-186384.html
http://www.suggest-link.net/detail/link-257689.html
http://www.directoryelite.info/bigom.nu-9770.html
http://www.alinkcatalog.info/detail.php?id=63144
http://www.submit-url.org/Business_and_Finance/Phoenix-Restaurants-314062.html
http://www.alinkcatalog.info/detail.php?id=64142
http://www.sf-tech.com/detail/link-88693.html
http://www.linknom.com/detail/link-374629.html
http://www.suggest-link.net/detail/link-257709.html
http://www.gainweb.info/ovclinicalsops.com-30305.html
http://www.fame.ws/detail.php?id=85633
http://www.littlewebdirectory.com/links.asp?Page=452&cat=70
http://www.addnewlink.net/health/womens_health/austin-appraiser-328515.html
http://www.paragade.info/detail/link-4645.html
http://onemission.com/Entertainment/Games/Poker/
http://www.wonderweblink.info/shopflipelican.com-40408.html
http://www.add-page.com/details/page_184752.php
http://www.addsitelink.com/Home/Consumer_Information/plus-size-jeans-301202.html
http://www.molexs.com/detail/link-27549.html
http://www.paragade.info/detail/link-4504.html
http://eprofessional.info/~eprofess/detail/link-54593.html
http://www.paragade.info/detail/link-4647.html
http://www.sf-tech.com/detail/link-88692.html
http://www.britainbusinessdirectory.com/detail/Dankort-terminal-121126.htm
http://eprofessional.info/~eprofess/detail/link-55224.html
http://www.sf-tech.com/detail/link-88696.html
http://onemission.com/Shopping/
http://www.submissionwebdirectory.com/detail/hip-hop-fashion-192023.htm
http://www.paragade.info/detail/link-4642.html
http://www.alinkcatalog.info/detail.php?id=64140
http://onemission.com/Shopping/Clothing/
http://www.suggest-link.net/detail/link-257708.html
http://www.xyzdirectory.info/frontpagetickets.com-31643.html
http://www.submissionwebdirectory.com/detail/Scottsdale-Night-Life-192020.htm
http://www.fame.ws/detail.php?id=85639
http://www.domaining.in/detail/link-519062.html
http://www.wonderweblink.info/phoenixnightout.com-40406.html
http://drctry.info/detail/link-38398.html
No comments:
Post a Comment