AAI scouting for biz opportunities in consultancy and other fields abroad
NEW DELHI: Airports Authority of India (AAI) is looking beyond national boundaries and interests and is undertaking new business initiatives by exploring global aviation markets for providing consultancy, construction, management services, export services and exploring operations abroad in relation to airports, air-navigation services, ground aids and safety services.
AAI is venturing into unexplored business territories with an aim to generate more and better business opportunities and to maximise and enhance its non-aeronautical revenues. This is also a step towards establishing AAI as a trustworthy global player in airport operations.
At the 12th CII-EXIM Bank Conclave on India Africa Project Partnership Exhibition on March 9 at Taj Palace, New Delhi, AAI showcased its cutting-edge technologies like Gps-aided GEO Augmented Navigation (GAGAN), No Objection Certificate Application System (NOCAS), Airport Infrastructure consultancy services and very recently launched SKYREV360 - AAI’S innovative comprehensive e-billing solution for data gathering, invoicing and realisation of aeronautical and non-aeronautical charges offered to Air Navigation Service Providers (ANSPS) and Airport Operators worldwide. AAI’S stall was inaugurated by Anuj Aggarwal, Member (HR), AAI in the presence of foreign delegates, senior officials from CII and EXIM Bank.
King Mswati-iii, Kingdom of Swaziland, Dr Ruhakana Rugunda, Prime Minister and Leader of Government Business, Republic of Uganda and Stephane Wenceslas Sanau, Minister of Trade and Industry, Burkina Faso visited AAI stall and appreciated AAI’S contribution to the aviation sector globally.
The business delegates accompanying dignitaries held discussions with the Business Development Team of AAI present at the exhibition about the possible of trade partnerships with AAI in the field of aviation. NEW DELHI: Paytm has withdrawn the 2 per cent fee on adding money to mobile wallets using credit cards, a merely two days after introducing the levy.
The Alibaba-backed company had introduced the fee on March 8 after it found multiple users using its platform to get free credit by using credit cards to top up their mobile wallets and then transferring the money back to their bank accounts at zero transaction cost.
“Keeping the millions of customers’ and merchants’ interest as utmost priority, the company has decided to remove the 2 per cent fee and announced that it will be using a series of features and constantly target the misuse,” Paytm said in a statement.
The company is also strengthening the team that focuses on identifying and blocking various types of misuse.
“Our topmost priority has always been our users and are honoured that they choose to transact on Paytm. We are steadfast in our resolve to enable millions of Indians become part of the digital and financial inclusion revolution,” Paytm Senior Vice-president Deepak Abbot said.
While Paytm had started levying the 2 per cent fee, its smaller rival Mobikwik had said it would keep all such transactions free.
Mobile wallet companies have to pay charges to card networks and issuing banks when consumers use their credit cards and so lose money if users simply add money from credit cards to wallet and transfer the same to the banks.