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The U.S. Federal Aviation Administration has downgraded India's air safety ranking, reports The Times of India.
Aviation Minister Ajit Singh said the Federal Aviation Administration audited the Directorate General of Civil Aviation last December and found 33 issues.
Insurance rates may rise because of the increased risk perception.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms