Indian govt tells airlines to cut fares or face price caps

New Delhi

THE Indian government told the country's airlines to find ways to reduce "excessive" fares on some routes and said it is open to introducing price caps if their responses are inadequate.

Carriers will need to present plans to curb fares within a week, Junior Aviation Minister Mahesh Sharma said on Tuesday after a meeting with airline executives. The government will consider regulating maximum ticket prices if it fails to reach a consensus with carriers, he said.