The Union Cabinet, chaired by Prime Minister Narendra Modi, announced key development initiatives worth Rs 30,290 crore with major focus on Aviation Turbine Fuel (ATF), commercial vehicle replacement and highway projects.
The government approved one-time budgetary support of Rs 10,000 crore for Oil Marketing Companies (OMCs) to provide ATF price stabilisation support to scheduled Indian airlines for their domestic and international operations. Amid the West Asia crisis, the government has capped the rate for ATF at Rs 75.60 per litre for domestic operations.