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Directorate General of Civil Aviation has revised airline licencing norms which will restrict foreign carriers from taking control of management of domestic airlines

February 21, 2014 9:09 IST | India Infoline News Service
India's GDP growth rate is likely to slightly improve in 2014-15 and clock 5-5.5% expansion on expectations of a normal monsoon and an improvement in manufacturing sector, rating agency Icra said. (BS)

Directorate General of Civil Aviation has revised airline licencing norms which will restrict foreign carriers from taking control of management of domestic airlines. (BS)

Noting that India's growth has slowed markedly and inflation remains stubbornly high, the International Monetary Fund has suggested broader structural reforms to revive growth and raising the long-term growth potential. (BS)

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