The civil aviation ministry is making efforts to secure about Rs 2,400 crore for Air India through supplementary budgetary allocations and recovery of dues worth Rs 600 crore, related to use of its planes for VVIP travel. Of the total, about Rs 1,800 crore is being sought to meet the funding shortfall faced by the cash-strapped government carrier.
Efforts are being made to secure funds for Air India as the supplementary demands of ministries would be considered during the coming monsoon session of Parliament beginning July 21. A ministry official said it was looking at recovering Rs 500-600 crore from some ministries for using Air India planes for VVIP travel. Most of the dues are to be paid by the external affairs and home ministries, he added.
According to the official, till recently, the amount due from various ministries stood at around Rs 900 crore and, after some payments were made, the outstanding now is about Rs 500 to 600 crore.
13/07/15 PTI/Business Standard
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Efforts are being made to secure funds for Air India as the supplementary demands of ministries would be considered during the coming monsoon session of Parliament beginning July 21. A ministry official said it was looking at recovering Rs 500-600 crore from some ministries for using Air India planes for VVIP travel. Most of the dues are to be paid by the external affairs and home ministries, he added.
According to the official, till recently, the amount due from various ministries stood at around Rs 900 crore and, after some payments were made, the outstanding now is about Rs 500 to 600 crore.
13/07/15 PTI/Business Standard
