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Rating agencies trying to tarnish India's image: Vayalar Ravi
Fp Archives •The country's economic foundation was stable as it had attained about seven percent GDP growth which even developed countries had failed to do so, Ravi said. <br /><br />
Ravi takes on biz tycoons for criticising govt
Fp Archives •Calling the criticism "totally unjustified", Ravi said the corporate sector wants the government to make policies only to protect their interests.
Airline chiefs meet PM over jet fuel taxes, industry issues
Fp Archives •The meeting comes in the wake of some airlines demanding changes in the aviation policy to allow foreign airlines to pick up stake in Indian carriers.
Govt rules out disinvestment in Air India, pvt carriers cry foul over agressive pricing
Fp Archives •The government on Thursday ruled out disinvestment of Air India saying it is trying to bring the cash strapped national carrier to 'no-profit, no-loss' status.
FDI in aviation under consideration: Ravi
Fp Archives •Civil Aviation Minister Vayalar Ravi today said it is considering the recommendation of the Department of Industrial Policy & Promotion (DIPP) to allow foreign carriers to pick up stake in domestic airlines.
50 AI pilots resigned in 2011 due to non-payment of salaries
Fp Archives •About 50 Air India pilots have resigned due to non-payment of allowances and delay in payment of their salaries this year.
Airfare hike: Ravi asks DGCA to examine the matter
Fp Archives •With high festive season demand pushing up airfares, aviation regulator DGCA has been asked by Civil Aviation Ministry to examine if it could take some steps to provide any relief to air travellers.
Govt depending on RBI for Air India survival
Fp Archives •On Thursday, the RBI cleared the debt restructuring plan for the loss making carrier.
AI faces whopping debt of Rs 43,777 crore
Fp Archives •The total debt of cash-strapped Air India is Rs 43,777 crore and the government has infused Rs 3,200 crore equity to help the airline, Civil Aviation Minister Vayalar Ravi said today.
Air India owes Rs 2,310 crore to oil companies
Fp Archives •Facing liquidity crunch, the national carrier has a debt of Rs 22,000 crore as working capital loan and around Rs 21,000 as aircraft acquisition loans.