Government keeps airfare pricing free, caps only for exceptions
In short
The government will not set regular airfare caps and will let airlines price tickets without prior approval. The report says airlines may need to disclose operating costs so officials can assess fares, and caps would be used only in special cases.
This matters for airlines and passengers because pricing stays mostly in market hands. The reporting does not say who decides on exceptions or when the policy starts.
What the reporting says
The government will not regulate airfares and will allow pricing freedom without prior approval, according to a BusinessLine summary. The report says operating-cost disclosures will be used to aid assessment, while caps would apply only in exceptional cases. The available reporting does not specify which ministry issued the view, when it takes effect, or what counts as an exceptional case.
Why it matters
The government is reported to be keeping airfare pricing free, with no prior approval required and caps only in exceptional cases. BusinessLine says operating-cost disclosures will help assess fares. The report does not name the ministry or define the exception trigger. The immediate effect is to preserve pricing freedom for airlines while giving the government a narrower oversight role.