Wednesday, July 18, 2012

Regulatory Reform on Agenda in India

A Times of India story yesterday sheds some light on the Indian government's plans for revamping the country's struggling civil aviation sector. Parliament is expected to consider replacing India's primary aviation regulator, the Directorate General of Civil Aviation, with a new Civil Aviation Authority during its winter session. Plans also include measures to reduce the cost of aircraft fuel and a long-discussed loosening of restrictions on foreign direct investment in Indian carriers.

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