BANKING AFFAIRS

Detailed explanation-1: -The government in February announced a new initiative-NABH Nirman-under which it proposes to expand airport capacity in the country by more than five times to handle a billion trips a year.

Detailed explanation-2: -Budget 2023: Private investment in aviation sector expected; govt looking to raise Rs 8, 000 cr, reports say. Ahead of the Union Budget 2023, the Aviation Ministry is looking to generate Rs 20, 000 crore through asset monetisation, ETNow reported on Monday.

Detailed explanation-3: -Out of these, Lucknow, Varanasi and Kushinagar have international airports. Airports are under construction in Sonbhadra, Aligarh, Azamgarh, Chitrakoot, Shravasti, Moradabad, Kanpur, Ayodhya, Noida and Saharanpur. The new airport will be built in Lakhimpur Kheri’s Palia town that borders Nepal.

Detailed explanation-4: -About NABH Nirman Scheme The key initiative aims at improving passenger amenities, promoting cargo handling facilities and early operationalisation of 56 new airports under UDAN key initiative, improving regional connectivity and improving passenger services in a big way.