Ashok Gajapathi Raju slashed the charges on excess baggage and capped the cancellation fee while he proposed a steep hike in cancellation refunds. Read all the 'passenger friendly' proposals announced by the Civil Aviation Minister. Aviation stocks took a beating on Monday on the BSE after the Civil Avaition Minister proposed what he called "passgenger-friendly" measures on Saturday. On Monday, on the back of the announcements, the share price of Jet Airways was trading down Rs 15.05 or 2.65% lower at Rs 553.60. While all these measures will make flying more alluring to passengers, it may dent the account books of airlines in India.

Source: dna June 13, 2016 06:45 UTC