Shine india monthly magazine Published this article page no 83 Other Policy Reforms o Removal of distinction between captive and noncaptive mines to allow transfer of mining leases and sale of surplus unused minerals. This will lead to improved efficiency in both mining and production. o Ministry of Mines is in the process of developing a new Mineral Index for different minerals. o Rationalisation of stamp duty payable at the time of award of mining leases. Civil Aviation Efficient Airspace Management o The primary aim of this reform is to Reduce Flying cost. o Currently only 60% of the Indian airspace is freely available. Now restrictions on utilisation of the Indian Air Space will be eased so that civilian passenger flying becomes more efficient and affordable. o Possible benefits from the reform It will bring about a total benefit of about Rs 1000 crores per year for the aviation sector. It will lead to optimal utilization of airspace reduction in fuel use reduction in time etc. along with Positive environmental impact. Airports o The reform aims at creating more World class Airports in India through PPP mode. 84 o Following efforts have been taken in this regard AAI has awarded bidding of 3 airports out of 6 for Operation and Maintenance on Public Private Partnership (PPP) basis. Six more airports have been identified for 2nd and 3rd round of bidding process each. Maintenance Repair and Overhaul (MRO) o India aims to become a global hub for Aircraft MRO operations. o To enable this tax regime for MRO ecosystem in India has been rationalized and also convergence between defence sector and the civil MROs will be established to create economies of scale. o Potential benefits accruing from this Aircraft component repairs and airframe maintenance industry is to increase from Rs 800 crores to Rs 2000 crores in next three years thus increasing business in the sector. Major engine manufacturers in the world would be encouraged to set up engine repair facilities in India. Maintenance cost for both domestic and foreign airlines will come down substantially Shine india monthly magazine buy.
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