Civil Aviation Minister Raju, however, did not assign any particular time line for the policy roll-out.
"We have had extensive discussions. There are two-three minor issues which are being ironed out right now, as soon as they are ironed out, (the policy) will be circulated," Raju said on the sidelines of an aviation conference here.
The draft civil aviation policy was unveiled on October 30 last year. Comments on the draft policy were sought till November 30, 2015.
The draft policy focuses on boosting regional connectivity apart from proposals for various tax sops and over 50 per cent FDI for the Indian carriers.
The policy also moots setting up of no-frills airports and providing viability gap funding for airlines for regional connectivity. Further, fare would be capped at Rs 2,500 for one-hour flight under the regional connectivity scheme for places that are currently not covered.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
