Question
Government of India has accorded 'In-Principle' approval
for setting up of 21 Greenfield Airports, when did Greenfield Airports (GFA) Policy was formulated?Solution
Development of a Greenfield airport is governed under the Greenfield Airports (GFA) Policy, 2008. As per the Policy, a State Government or an Airport Developer, willing to establish an airport, is required to send a proposal to the Ministry of Civil Aviation (MoCA) for 2-stage approval i.e. 'Site-Clearance' followed by 'In-Principle' approval.
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Which of the following statement concerning credit risk is incorrect?