Govt rules out putting cap on airfares : The Tribune India

Govt rules out putting cap on airfares

Govt rules out putting cap on airfares


New Delhi, March 21

The government is not in favour of interfering in a free market economy by putting caps on airfares, Civil Aviation Secretary Rajiv Bansal said on Tuesday amid concerns over possible predatory pricing of air tickets.

The remarks also come against the backdrop of a Parliamentary panel, earlier this month, asking the civil aviation ministry to cap the upper and lower levels of airfares, and ensure that predatory pricing mechanism is not adopted by airlines under the cloak of free market economy. — PTI

Fundamentally wrong

Fundamentally, putting (fare) caps and interfering in the market economy is not good and we are not in favour of it. — Rajiv Bansal, civil aviation secretary

Tribune Shorts


Top News

Four children injured in knife attack in French town of Annecy

Four children wounded in knife attack in French town, two in critical condition; assailant arrested

Injured children aged between 22 months and 3 years: Police ...

‘Indira assassination float’ in Bramption parade: Congress asks Jaishankar to strongly raise the issue with Canada

'Indira assassination float' in Brampton parade: Congress asks Jaishankar to strongly raise issue with Canada

This extremism deserves universal condemnation and a united ...

Girl stuck in borewell in MP’s Sehore rescued after more than 52 hours; operation includes robotic team

Girl stuck in borewell in MP’s Sehore rescued after more than 52 hours; operation includes robotic team

A robot was lowered into the borewell to collect information...

New generation ballistic missile 'Agni Prime' successfully flight-tested

New generation ballistic missile 'Agni Prime' successfully flight-tested

The test was conducted in the night hours of June 7


Cities

View All