Passengers at Delhi and Mumbai airports could face user charges rising up to 22 times after the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) revised the tariff formula for FY09-FY14, leading to over ₹50,000 crore in under-recovery for the operators. This shortfall will likely be recouped through higher user development fees (UDF), landing, and parking charges, potentially driving up airfares and slowing passenger growth at India’s busiest hubs.
Fuel Prices May Rise if Middle East Crisis Continues, Warns RBI Governor
Amid rising geopolitical tensions in the Middle East, the Reserve Bank of India (RBI) has indicated that prolonged instability in the region could lead to an increase in fuel prices in India....
