India to remove fare caps imposed on airlines from August 31
Agencies | New Delhi
The Daily Tribune – www.newsofbahrain.com
India will remove the fare caps it imposed on domestic airlines in 2020 during the pandemic on August 31, the country's Ministry of Civil Aviation said on Wednesday, lifting restrictions on ticket prices.
The government, in a rare move, had regulated fares by imposing a minimum and maximum band based on the flight's duration to prevent ticket prices from spiking due to pent-up demand arising from an easing of restrictions on air travel.