Budget 2022: Govt allocates additional Rs 51,971 cr to settle Air India’s debt
2022-02-02
Having closed the high-profile disinvestment process of Air India, the government also decided to retire the airline’s debt, which it transferred to a special purpose vehicle. In the Union Budget 2022-23, the government allocated an additional Rs 51,971 crore towards the settlement of outstanding guaranteed liabilities of Air India and its other “sundry commitments”. This…Continue Reading