Bihar Slashes Aviation Fuel Tax to 4 Per Cent

05 Jun 2025 CW Team

In a major push to improve air connectivity and promote tourism, the Bihar Cabinet, led by Chief Minister Nitish Kumar, has approved a sharp reduction in value-added tax (VAT) on aviation turbine fuel (ATF) from 29 per cent to 4 per cent. Previously applicable only at Gaya airport, the revised rate will now extend to all airports in the state.

The move is designed to encourage airlines to operate more commercial flights in Bihar, reduce airfare, and align with the Central Government’s Regional Connectivity Scheme (RCS), which aims to make air travel more affordable and widespread.

Bihar, home to prominent heritage and religious sites like Bodh Gaya, Rajgir, and Nalanda, expects the fuel tax cut to incentivise domestic and international carriers to expand operations. Increased flight frequency is projected to boost tourist inflow, stimulate the local economy, and create job opportunities.

Deputy Chief Minister Samrat Choudhary highlighted the wide-ranging benefits, stating, “This decision will lower ticket prices, attract more commercial flights, enhance revenue, and generate employment across the state.”

The Ministry of Civil Aviation had earlier urged state governments to bring VAT on ATF down to 4 per cent in order to support the growth of regional air networks under the RCS framework.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..