Left Menu
Development News Edition

Tripura government to reduce VAT on aviation turbine fuel to attract airline operators

The Tripura government has decided to reduce Value Added Tax (VAT) on aviation turbine fuel to attract airline operators to function from Maharaja Bir Bikram Kishore Manikya Airport here, a minister said Monday.

Law Minister Ratan Lal Nath told reporters that a decision had been taken to reduce VAT from 18 per cent to 16 per cent, as a result of which aviation fuel would cost significantly lesser in Tripura compared to Gopinath Bordoloi International Airport in neighbouring Guwahati or Netaji Subhash Chandra Bose International Airport in Kolkata.

Tripura's state exchequer would take a hit of Rs 1.2 crore annually following the decision, Nath said.

VAT on aviation fuel is charged at 23.65 per cent at Guwahati Airport and 25 per cent in Kolkata.

This move is expected to incentivise airlines to buy fuel from Tripura which can ultimately benefit passengers in terms of ticket price.

"Tripura used to charge aviation fuel at 18 per cent and the new decision would bring it down to 16 per cent, which in terms of money, would make the fuel cost lower at Agartala than its nearest two major airports Guwahati and Kolkata," Nath said.

SpiceJet withdrew its operations from Agartala recently, which prompted Chief Minister Biplab Kumar Deb to seek Union Civil Aviation Minister Suresh Prabhu's intervention to prevent, what he termed, monopolistic situation for IndiGo Airlines, resulting in a sharp increase in airline ticket prices.

"With the aviation turbine fuel cost lowered, we hope that airline operators will be more interested to operate from Agartala and passengers would get affordable tickets," Nath said.

At present, eight IndiGo flights and three aircraft of Air India fly out of Maharaja Bir Bikram Kishore Manikya Airport everyday.

Of the three Air India flights, one aircraft is reserved for Army and para-military forces.

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.



Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....


Latest News

UPDATE 1-China coronavirus outbreak has not yet peaked -politburo

The coronavirus outbreak in China has not yet reached its peak, state television quoted a top decision-making body of the ruling Communist Party as saying on Friday.A turning point in the development of the national epidemic situation has n...

Woman booked in Bengaluru for holding "Kashmir Mukti, Dalit

A day after pro-Pakistan slogans were raised by an agitator at an anti-CAA event here, a youngwoman was detained and booked on Friday for holding a Kashmir Mukti liberation, Dalit Mukti, Muslim Mukti placard at acounter protest in the city,...

This is not only road connecting Delhi-Noida: Shaheen Bagh protesters tell interlocutors

Women protesters at Shaheen Bagh on Friday told the Supreme Court-appointed interlocutors that when several adjoining roads in the area are open, why have they been asked to move to another site. Senior lawyers Sanjay Hegde and Sadhana Rama...

UPDATE 6-Iran holds election, hardliners set to dominate with turnout key

Iranians voted on Friday in a parliamentary election likely to help hardline loyalists of the supreme leader tighten their grip on power as the country faces mounting U.S. pressure over its nuclear programme and growing discontent at home. ...

Give Feedback