Join us for live coverage as Civil Aviation Minister K Rammohan Naidu addresses the airfare crisis in Rajya Sabha. The House recently passed the Bharatiya Vayuyan Vidheyak 2024, replacing the 90-year-old Aircraft Act. The Minister announced new regulations requiring airlines to notify DGCA about ticket prices one month in advance, removing the 24-hour price change provision. Opposition members raised concerns about market duopoly, with Air India and IndiGo dominating skies while Adani controls major airports. Despite public outcry over unprecedented fare hikes, the government maintains that price regulation isn’t standard practice globally. The Minister highlighted that fuel costs, accounting for 45% of ticket prices, are affected by state VAT rates.
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