New Delhi: Air India has adopted cost cutting measures, following a recent directive from the finance ministry to PSUs for rationalizing expenses.
AI chairman Rohit Nandan issued a 28-point cost-cutting directive, that, among others, imposes a blanket ban on "meetings and conferences" in five start hotels and use of international roaming at foreign stations except for operational reasons. Similar restrictions have been imposed on purchasing new vehicles and training programs abroad. The moves are expected to lead to cost reduction by Rs 1,400 crore next fiscal.
20/01/15 Times of India
To Read the News in full at Source, Click the Headline
AI chairman Rohit Nandan issued a 28-point cost-cutting directive, that, among others, imposes a blanket ban on "meetings and conferences" in five start hotels and use of international roaming at foreign stations except for operational reasons. Similar restrictions have been imposed on purchasing new vehicles and training programs abroad. The moves are expected to lead to cost reduction by Rs 1,400 crore next fiscal.
20/01/15 Times of India
