BUDGET - BMR Advisors

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necessary to carry out amendments to make it more effectiveand consistent with the present requirements.Through the Amendment to the Aircraft Act, for ensuring safetyand security control, the Central Government will be empoweredto make rules on:• Licensing of personnel engaged in air traffic control• Certification, inspection and regulation of communication,navigation and surveillance / air traffic managementfacilities• Safeguarding civil aviation against acts of unlawfulinterference and ensuring civil aviation security since atpresent there is no legal provision under which the variousorders on security are issuedThe existing power of Directorate General of Civil Aviation(DGCA) has been enlarged to issue directions on:• Regulation of air transport services (eg aircraft operations,air traffic control or maintenance and operation of anyaerodrome, communications, navigation, surveillance andair traffic management)• Prohibition of slaughtering and flaying of animals etc. within10 Km radius of the airportsA new clause in the Aircraft Act has been added to exerciseregulatory control on foreign registered aircraft coming to orflying over India.Promotion of regional air connectivityTo expand air connectivity on Tier II and Tier III cities and topromote regional air connectivity, a separate category of permit,Scheduled Air Transport (Regional) Services has beenintroduced. Accordingly, DGCA on August 28, 2007 has issuedCivil Aviation Requirements (CAR) stipulating minimumrequirements for grant of permit to operate Scheduled AirTransport Regional Services.india<strong>BUDGET</strong>200825
Establishment of Airport Economic RegulatoryAuthority (AERA)With the objective of creating a level playing field, to fosterhealthy competition amongst all airports, encourage investmentin airport facilities, regulation of tariffs of aeronautical services,protection of reasonable interest of users, operation of efficient,economic and viable airports, etc, it was decided to set up anAERA.The functions of the AERA are as under:• To fix, review and approve tariff structure for aeronauticalservices taking into consideration the capital expenditureincurred, the service provided, its quality and other relevantfactors• To fix, review and approve users development fees whichmay be levied by service provider for development of anairport• To monitor the set performance standards relating to quality,continuity and reliability of service as prescribed by CentralGovernment or its authorized agencies through concessionagreement or such other agreement• To call for such information required to review the regulatedtariff structure• To perform such other functions as may be entrusted to it bythe Central Government or as may be necessary to carryout the provisions of this ActAirports Economic Regulatory Authority of India Bill, 2007 wasintroduced in the Lok Sabha on September 5, 2007. The Bill hasbeen referred to the Department-related ParliamentaryStanding Committee on Transport, Tourism, and Culture forexamination and report within three months.Civil aviation co-operation programmeAn Aviation Co-operation Programme (ACP) has been signedwith USA during the visit of the Minister (Civil Aviation) in June,2007, which is to be funded through US Trade and DevelopmentAgency (USTDA). The proposed ACP is a public-privatepartnership between the USTDA, the Federal AviationAdministration (FAA) and US Aviation companies.26india<strong>BUDGET</strong>2008
Page 1 and 2: indiaThought LeadershipBUDGET2008Im
Page 4 and 5: C O N T E N T SFOREWORDECONOMIC IND
Page 6 and 7: FOREWORDInfrastructure is the backb
Page 8 and 9: ECONOMIC INDICATORS AT A GLANCEIndi
Page 10 and 11: period of the previous year, regist
Page 12 and 13: GROWTH IN CRUDE PETROLEUM PRODUCTIO
Page 14 and 15: GROWTH IN STEEL PRODUCTION (IN PERC
Page 16 and 17: FY 2007-08 to 139 billion in FY 201
Page 18 and 19: Renewable energy sources which incl
Page 20 and 21: TransmissionDuring the period FY 20
Page 22 and 23: Policy developmentsElectricity (Ame
Page 24 and 25: PROJECTED INVESTMENT IN THE POWER S
Page 26 and 27: AVIATION INFRASTRUCTUREAs India’s
Page 30 and 31: The ACP is designed to provide a fo
Page 32 and 33: estimated cost of Rs 18.08 billion,
Page 34 and 35: is projected to scale up to Rs 869
Page 36 and 37: ROADS AND BRIDGESIndia has one of t
Page 38 and 39: Carriers’ Act, 1865 and would cat
Page 40 and 41: RAILWAYSThe Indian Railways is the
Page 42 and 43: estimated cost of Rs 280 billion•
Page 44 and 45: BUDGET EXPECTATIONS - POWERThe majo
Page 46 and 47: Customs and Excise duty rationaliza
Page 48 and 49: significant cost efficiencies (both
Page 50 and 51: Central sales taxDeclared goods sta
Page 52 and 53: during initial tax holiday years, s
Page 54 and 55: Reduction of customs duty on cold s
Page 56 and 57: Reduction of CST from 3 percent to
Page 58 and 59: Name of the Scheme FY 2007-08 FY 20
Page 60 and 61: • The amendment to take effect fr
Page 62 and 63: from customs duty. However, within
Page 64 and 65: legal right of possession and effec
Page 66 and 67: • Reduction of peak rate of excis
Page 68 and 69: • Supply of tangible goods where
Page 70 and 71: Thus, import of goods for airport d
Page 72 and 73: GLOSSARYAAIACDACPAERAATFATMBCDBIALB
Page 74: www.bmradvisors.comOUR CONTACTSNew

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