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Airlines fear CORSIA's financial impact may clip their wings

Business Standard

|

April 17, 2025

Indian airlines on Wednesday voiced concerns over the new global emission standards CORSIA, set to take effect in 2027, calling the targets "unrealistic" and warning that the norms could impose a "significant" financial burden on them.

- DEEPAK PATEL

CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) is a global initiative of the United Nations-run International Civil Aviation Organization (ICAO) to limit carbon emissions from international aviation. From 2027, it enters a mandatory phase for most major aviation countries, requiring airlines to offset emissions that exceed 2020 levels by purchasing eligible carbon credits.

Business Standard からのその他のストーリー

Business Standard

Gujarat, Odisha power discoms lead this yr’s performance rankings

Gujarat’s power distribution utilities emerged as top performers in the 14th Integrated Rating and Ranking Report released by the power ministry on Friday.

time to read

1 min

January 24, 2026

Business Standard

Visa readies India swipe of debit-cum-credit card

After its success in Japan, Visa's latest innovation in plastic money — a single 16-digit card credential that works as both a credit and debit card — is gearing up for entry into India.

time to read

2 mins

January 24, 2026

Business Standard

Adani group sheds ₹1.1 trn in mcap as US SEC seeks to serve summons

Group stocks down 3.4% to 14.54%

time to read

1 min

January 24, 2026

Business Standard

Gold, silver, platinum extend record-setting rally

Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty.

time to read

1 mins

January 24, 2026

Business Standard

Shriram Finance net profit plunges 22%

Shriram Finance Ltd, one of the largest retail non-banking financial companies (NBFCs) in India, posted a 22 percent decline in net profit during the third quarter of 2025-26 (FY26) to ₹2,529.65 crore.

time to read

1 mins

January 24, 2026

Business Standard

Trai’s numbering mandate raises debt collection concern

The Telecom Regulatory Authority of India’s (Trai’s) directive requiring banks and non-banking financial companies (NBFC) to shift to the ‘1600’ numbering series for voice calls to curb spam and fraud is raising concern among the lending players.

time to read

2 mins

January 24, 2026

Business Standard

Let's talk about the GenZs

There are a few phrases that we of late have come to increasingly hear, and even use.

time to read

3 mins

January 24, 2026

Business Standard

Business Standard

India at Davos: From presence to partnership

Davos often makes its presence felt through snowfall that reshapes both the landscape and the mood.

time to read

3 mins

January 24, 2026

Business Standard

JSW Steel net surges 198%

One-time tax gain, linked to Bhushan Power & Steel and JFE Steel deal, drives growth

time to read

2 mins

January 24, 2026

Business Standard

Business Standard

The end of Nato is coming

No President has created so much doubt about America’s commitment to trans-Atlantic security

time to read

5 mins

January 24, 2026

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