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Delhi Airport (16/17 March 2012)

Currency tonic: Govt to infuse additional Rs 800 crore into Air India

Jul 31, 2015    

New Delhi: The finance ministry today sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the civil aviation ministry for the national carrier.The amount sought for making investment in Air India is part of the first supplementary demands for grant presented in Parliament by Finance Minister Arun Jaitley.Air India, which is grappling with tremendous financial stress, was allocated Rs 2,500 crore in the Union Budget 2015-16. However, this amount was well short of nearly Rs 4,300 crore sought by the ministry for ...

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