The fate of the national carrier still hangs in the balance as talks of Air India disinvestment loom. Unlike previous Union Budgets where the government would simply announce capital infusion into the beleaguered airline, this one may shine light on its privatisation.
The Union Budget for FY19 will be presented by Finance Minister Arun Jaitley on February 1, 2018.
In the FY18 budget, the government set aside nearly Rs 1,800 crore as equity infusion in Air India.
Air India’s demands however were scaling new heights as it had asked for an investment of Rs 1,400 crore this fiscal. The disinvestment-bound Air India was also seeking a loan worth over Rs 1,100 crore for modification of two Boeing aircraft scheduled to be acquired next month for ferrying VVIPs.
In the economic survey released on Monday, the government pushed ahead with its disinvestment plans. Economic survey FY18 said that Air India’s disinvestment will be completed by next fiscal.
“The agenda for the next year consequently remains full: stablizing the GST, completing the TBS actions, privatizing Air India, and staving off threats to macro-economic stability,” the government said.
The previous year’s economic survey as well pointed to the obvious solution to privatise Air India that now has a burgeoning debt of over Rs 50,000 crore.
31/01/18 ZeeBiz
To Read the News in full at Source, Click the Headline
The Union Budget for FY19 will be presented by Finance Minister Arun Jaitley on February 1, 2018.
In the FY18 budget, the government set aside nearly Rs 1,800 crore as equity infusion in Air India.
Air India’s demands however were scaling new heights as it had asked for an investment of Rs 1,400 crore this fiscal. The disinvestment-bound Air India was also seeking a loan worth over Rs 1,100 crore for modification of two Boeing aircraft scheduled to be acquired next month for ferrying VVIPs.
In the economic survey released on Monday, the government pushed ahead with its disinvestment plans. Economic survey FY18 said that Air India’s disinvestment will be completed by next fiscal.
“The agenda for the next year consequently remains full: stablizing the GST, completing the TBS actions, privatizing Air India, and staving off threats to macro-economic stability,” the government said.
The previous year’s economic survey as well pointed to the obvious solution to privatise Air India that now has a burgeoning debt of over Rs 50,000 crore.
31/01/18 ZeeBiz
0 comments:
Post a Comment