
AAI proposes separate runway to boost Vadodara airport capacity
Airports Authority of India
(AAI) has proposed the construction of a separate runway at Vadodara airport to support its expansion and improve operational efficiency.
The proposal was discussed during the airport advisory committee meeting held on Tuesday, chaired by
Vadodara MP Hemang Joshi
. It was resolved that a formal request for land acquisition to build a parallel taxi runway will be sent to the Gujarat govt.
"The proposal to acquire land for a parallel taxi runway will be forwarded to the Gujarat govt," Joshi told TOI following the meeting.
He also stated that Vadodara airport is fully equipped—both in terms of infrastructure and regulatory compliance—to handle up to 350 international passengers daily. Despite the airport's readiness, international flight operations are yet to begin, much to the disappointment of Barodians. The modern terminal building was inaugurated by Prime Minister Narendra Modi in 2016.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Free P2,000 GCash eGift
UnionBank Credit Card
Apply Now
Undo
Although the airport received official clearance to begin international operations—along with a gazette notification enabling customs and immigration facilities in March 2023—airlines have cited a lack of available aircraft as the reason for the delay in launching international services.
Domestically, the airport has seen growth. "Our domestic passenger handling capacity has risen from 750 to 1,000 passengers per day," Joshi said. He added that AAI will soon write to domestic airlines to request increased connectivity to and from Vadodara.
Tuesday's meeting was attended by officials from the Vadodara collectorate, the Vadodara Municipal Corporation, the Indian Air Force, CISF, and representatives from airline operators including IndiGo and Air India.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
28 minutes ago
- Time of India
India's revenue foregone in first year of trade pact with UK estimated at Rs 4,060 cr: GTRI
India is expected to forego customs revenue of Rs 4,060 crore in the first year of the free trade agreement with the UK, as tariffs are reduced or eliminated on a wide range of goods, think tank Global Trade Research Initiative ( GTRI ) said on Monday. The calculation is based on the current import figures from the UK. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Public Policy Operations Management Digital Marketing Product Management Artificial Intelligence Management Data Science CXO Finance healthcare Data Science Design Thinking Project Management Cybersecurity MCA Degree Data Analytics Others Healthcare Leadership PGDM Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details By the tenth year, it said, as tariff elimination phases-in more broadly, the annual loss is projected to rise to Rs 6,345 crore or around British Pound 574 million, based on FY2025 trade volumes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo The India-UK free trade agreement , which was signed on July 24, will lead to a loss of customs revenue for both the countries, as tariffs are reduced or eliminated on a wide range of goods, GTRI added. India imported USD 8.6 billion worth of goods from the UK in 2024-25. Live Events Industrial products make up the bulk of these imports and face a weighted average tariff of 9.2 per cent. Most agricultural products, subject to much higher average tariffs of 64.3 per cent, were excluded from tariff cuts, except for items like whisky and gin. It said that India has committed to eliminating tariffs on 64 per cent of the value of imports from the UK immediately as the implantation starts. Overall, India will eliminate tariffs on 85 per cent of tariff lines and reduce tariff on 5 per cent of tariff lines or product categories. "Based on these factors, India's revenue foregone in the first year of the agreement is estimated at Rs 4,060 crore," GTRI Founder Ajay Srivastava said. He added that the UK imported USD 14.5 billion worth of goods from India in the last fiscal year, with a weighted average import tariff of 3.3 per cent. Under the comprehensive economic and trade agreement (CETA), the UK has agreed to eliminate tariffs on 99 per cent of Indian imports. "This translates to an estimated annual revenue loss of British Pound 375 million (or USD 474 million or Rs 3,884 crore) for the UK, again based on FY2025 trade data. As Indian exports to the UK expand, the fiscal impact is likely to grow over time," it said. The implementation of the pact may take about a year as it requires approval from the UK parliament.


Time of India
41 minutes ago
- Time of India
Brazil chooses one of its poorest regions for UN climate talks, here's why
Source: Bloomber The upcoming United Nations Climate Change Conference (COP30) in November is set to be unlike any other. For the first time, world leaders, scientists, activists, and business executives will gather in Belem, Brazil, a city located on the edge of the Amazon rainforest and grappling with poverty and environmental challenges. Unlike past host cities such as Paris, Dubai, or Bali—known for their luxury and tourist appeal—Belem was deliberately chosen to highlight climate vulnerability, deforestation, and socioeconomic inequalities. Organisers hope the unique venue will focus global attention not just on emissions targets but also on creating climate solutions that benefit developing nations and frontline communities. Why Belem was chosen for the United Nations Climate Change Conference (COP30) COP30 President-Designate Andre Corrêa do Lago emphasised that choosing Belem is a symbolic decision. Brazil's President Luiz Inácio Lula da Silva believes climate negotiations must confront real-world challenges head-on, rather than being discussed in insulated luxury settings. 'You are going to see a developing city, with infrastructure challenges and high poverty rates, set against one of the most biodiverse regions on Earth,' do Lago said. The Amazon rainforest, often referred to as the 'lungs of the planet,' is central to discussions on climate change mitigation and biodiversity preservation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Libas Purple Days Sale Libas Undo By hosting COP30 in Belem, Brazil aims to directly link climate policies with poverty reduction and forest conservation. How Belem's location reflects the urgency and challenges of COP30 Location and infrastructure challenges – COP30 will be held in Belem, Brazil, which is already struggling with infrastructure and accommodation. The city's high hotel prices, lack of enough rooms, and the use of cruise ships to host delegates highlight how climate negotiations intersect with real-world social and economic issues. Key focus on climate action – COP30 is an important milestone for the Paris Agreement, where countries must update their climate action plans (NDCs) to cut greenhouse gas emissions. The event emphasises urgent global cooperation to limit warming to 1.5°C. Symbolism of Belem – Choosing Belem, a city near the Amazon rainforest and marked by poverty, symbolises the need to connect climate action with social justice, deforestation control, and sustainable development. COP30 pushes for $1.3 trillion climate finance to support vulnerable nations Another key priority is climate finance. The $1.3 trillion annual funding roadmap is under discussion to help vulnerable nations adapt to climate impacts and shift to clean energy as reported by Associated Press (AP). Developing countries argue that they contribute the least to global emissions yet suffer the most from floods, droughts, and rising sea levels. COP30 aims to strengthen commitments for equitable financial support, ensuring no country is left behind in the climate transition. Amazon protection and nature-based solutions take center stage at COP30 The Amazon rainforest, spanning multiple countries but largely within Brazil, is a critical carbon sink. Its deforestation, however, has reached alarming levels, at times turning parts of the Amazon into net carbon emitters. COP30 will prioritize: Halting illegal deforestation Restoring degraded ecosystems Incentivizing sustainable land use practices Strengthening indigenous land rights This focus aligns with the growing recognition that nature-based solutions are essential to achieving climate targets. Adding momentum, the United Nations' top court recently declared that access to a clean and healthy environment is a basic human right. This ruling strengthens arguments that states have a legal duty to reduce emissions and protect ecosystems. According to court President Yuji Iwasawa: 'Failure of a state to take appropriate action to protect the climate system may constitute an internationally wrongful act.' This legal shift could influence COP30 negotiations, pushing countries toward stronger and enforceable climate commitments. Vision for COP30 : A 'Summit of Solutions' Do Lago envisions COP30 as a turning point: 'We hope to be remembered as the COP of solutions, where people realized climate action creates opportunities and growth rather than sacrifice.' By holding the summit in Belem—where poverty, deforestation, and climate risk intersect—organizers aim to keep discussions grounded and outcomes impactful. The success of COP30 will depend not only on emissions pledges but also on innovative solutions, equitable financing, and a shared vision for a sustainable global future. Also Read | Rare flesh-eating bacteria kills 4 in Florida: Here's what you need to know about Vibrio vulnificus


Time of India
an hour ago
- Time of India
Which sector could emerge as a winner this earning season? Amnish Aggarwal answers
Amnish Aggarwal , Head, Research, Prabhudas Lilladher , says the Q1 earning season has been largely disappointing, with only a few banks performing well. Demand trends and stress on MSMEs and unsecured loans are evident, impacting financial performance. Consumer companies are unlikely to beat estimates, leading to potential earnings cuts. While select capital goods and commodity companies show promise, financials are underperforming, keeping markets in a narrow range. It's a very range-bound market; on the upper end we have been at that 25,200 mark and the lower end is where we shut shop on Friday. Pretty uncertain times. Let's talk about the softness in earnings which is playing out. Other than ICICI Bank, I really do not see any big numbers in largecaps so far and of course, a few midcaps here and there. What do you think is going to emerge as the winner this earning season? Amnish Aggarwal: So far, the earning season has been very lacklustre. Barring a couple of banks which have done well, the majority of the companies have disappointed in Q1. If you look at the commentary of some of the companies like Kotak or Bajaj Finance – some of these financiers are the parameter of the economy – show that the demand trends and the stress on MSME or unsecured loans is very clearly visible. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing MCA Product Management Finance Design Thinking Leadership Others CXO MBA Data Science Project Management Cybersecurity Public Policy Healthcare Operations Management Data Science Artificial Intelligence PGDM Data Analytics Management Degree healthcare Technology Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why This NDAA-Compliant American Drone Company Is Crushing Chinese Competitors Hylio | StartEngine Learn More Undo Secondly, on the demand side also, not many consumer companies have so far come out with results. But if you look broadly, I am not very confident that many of them will beat the estimates and for a large part of those companies, we will see some cut in earnings as we go along. Similarly, in these two baskets, except for some good numbers from select capital good stocks or commodity companies which have been showing better margins like cement, steel, etc, – the earning season so far has been very tepid and demand has failed to take off. The biggest weight in all the indices is financials. There also things are not looking great and that is the reason why it is keeping markets in a very narrow zone. What do you make of the pharma pack for now because the earnings were not that bad? Look at Dr Reddy's numbers. Even Cipla managed to surprise as did Laurus Lab where the experts have raised the target price, though the management has reiterated their FY26 outlook. What is your view on the pharma pack right now? Amnish Aggarwal: Traditionally FMCG, IT, and pharma have been considered defensives and as of now, only the pharma segment is doing better. There is reasonably good demand in the domestic and also on the overseas side. Some part of it might also be due to the fact that there might be some stocking ahead of the tariff announcement because there is a lot of tariff uncertainty. But having said that, as of now, within the defensive pack, pharma is standing out and in certain cases, the valuations might not be cheap but a select pharma stock could do well if it has number visibility. Live Events You Might Also Like: Jigar Mistry on 3 sectors that offer better earnings upside in Q1 Where is demand headed right now in terms of staples and where could strength return to the sector? Amnish Aggarwal: As of now, it is quite uncertain and in Q1 also we had a favourable base and because of elections, a lot of uncertainty. Ut at the same time this year, monsoons came early, we had unseasonal rains happening throughout May in the entire Hindi heartland. That also spooked the growth to some extent not only in the consumer staples but also in some parts of durables. So, the conditions could not have been better because the monsoon is normal, the interest rates have been cut and there has been some reduction in taxes. Inflation is running at around 2-2.5% with food inflation on the negative side, one could not hope for better conditions for the recovery. But having said that, it is not visible to that extent and slowly, as we go along, we will see commentaries suggesting more recovery happening during 2Q or during the festival season. So, some stress is visible on the unsecured side and on the MSME side. The premium segment, the segment which the well-to-do or the affluent sections are using, continue to do well. But the other segments remain under pressure and may say another quarter or more for the things to stabilise. But yes, on the macro side the conditions are right for the sector to start reporting better volume numbers. You Might Also Like: Are current market valuations hiding opportunities or risks? Christy Mathai explains Most excited about these business segments in next 1-2 years: Raamdeo Agrawal