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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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.