Disinvestment of Air India will be completed in 2021-22, Finance Minister Nirmala Sitharaman said in her budget speech on Monday and allocated as Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier.
Air India is currently under disinvestment process.
Multiple entities submitted their expression of interests (EOIs) for the carrier last month.
The government is likely to reveal the names of qualified bidders in the coming weeks.
Air India Asset Holding Ltd, a special purpose vehicle (SPV), has been set up as part of financial restructuring of the debt-laden national carrier.
According to documents presented in the Budget for 2021-22, Rs 2,268 crore has been allocated for the SPV for the next financial year.
Sitharaman said in her budget speech that disinvestment of Air India and Pawan Hans would be completed in 2021-22.
In the Union Budget for 2021-22, the Ministry of Civil Aviation has been allocated Rs 3,224 crore, which is 22 per cent lower than Rs 4,131 crore that was allocated for the current fiscal.
The budget last year had allocated Rs 3,797 crore to the ministry for 2020-21, but in revised estimates it was increased to Rs 4,131 crore.
The government on Monday allocated Rs 600 crore, 14.
28 per cent lower than the current fiscal, to regional connectivity scheme Udan for 2021-22.
01/02/21 New Indian Express
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment