Telanagana Government Signs MoU with Civil Aviation Ministry for Regional Connectivity Scheme
Posted on:12 Jan 2017 09:29:59
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12 January 2017 Current Affairs: The Telangana government has signed a MoU with the Ministry of Civil Aviation and Airports Authority of India on January 11, 2017 under the Regional Connectivity Scheme (RCS) for air connectivity by developing small airports and airstrips in the state.
The Memorandum of Understanding (MoU) was between Civil Aviation Minister Ashok Gajapathi Raju and Telangana Minister for IT and industries K T Rama Rao in New Delhi.
The RCS would be in operation for a period of 10 years and provide connectivity to un-served and under-served airports of the country through revival of existing air-strips and airports.
The Central Government would be providing concessions in the form of reduced excise on VAT, service tax and flexibility of code sharing at the RCS airports to reduce the cost of operation.
State governments would also lower the VAT besides other concessions.
The fare for a one hour journey of approximately 500 km on a fixed wing aircraft or for a 30 minute journey on a helicopter would be capped at Rs 2,500, with proportionate pricing for routes of different lengths.
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