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The government is planning to reduce the airport development fees (ADF) substantially at Delhi airport, according to reports.
Reports stated that from January 1, the ADF the international passengers pay is likely to see a 54% drop — from Rs 1,300 to Rs 600 per passenger per flight.
Civil Aviation Minister Ajit Singh said “ADF will be brought down, but Aera has to take the final call. The main objective was to ease the burden on passengers. I assure that will happen.”
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.