National carrier Air India, whose FY16 budgetary allocation had been cut, will now receive a bigger amount as a parliamentary committee has recommended to the government that it should make an additional equity infusion of Rs 1,777 crore.
The Department Related Parliamentary Standing Committee on Transport, Tourism and Culture had, in an April 28 report, said it hoped for additional funds into Air India in the form of equity infusion as per the turn around plan (TAP).
“The committee recommends that since Air India is already on the path of recovery and preforming well, the government should provide Rs 1,777 crore which stands as a deficit in equity infusion without any cut during the course of the current financial year,” the report said.
01/05/15 Rhik Kundu/The Financial Express
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The Department Related Parliamentary Standing Committee on Transport, Tourism and Culture had, in an April 28 report, said it hoped for additional funds into Air India in the form of equity infusion as per the turn around plan (TAP).
“The committee recommends that since Air India is already on the path of recovery and preforming well, the government should provide Rs 1,777 crore which stands as a deficit in equity infusion without any cut during the course of the current financial year,” the report said.
01/05/15 Rhik Kundu/The Financial Express
