19
Wednesday
September 2018
11:10 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Air India To Get Rs. 2,100 Crore From Government: Report
 
(New Delhi, Sep 04, 2018):National carrier Air India will get Rs. 2,100 crore from the government in the form of guaranteed borrowing, news agency ANI cited Civil Aviation Secretary RN Chaubey as saying on Tuesday. A guaranteed loan is a secured loan in which a party other than the borrower is responsible in case the borrower defaults.

State-run Air India has accumulated losses to the tune of Rs. 46,805 crore. The government had in June this year shelved a plan to sell its 76 per cent stake in the debt-laden airline after it failed to attract interest from bidders. The carrier has been kept afloat for years using taxpayer funds.

The government has considered capital infusion into the airline. To fund the capital infusion in Air India and other sectors, the government has sought Parliament's approval for an additional net spending of Rs. 5,951 crore, on top of the budgeted Rs. 24.42 lakh crore for 2018/19.

In July, Mr Chaubey had said that the government had yet not given up on the disinvestment plan, however, the same would be taken up once the conditions become favourable.

Air India, which employs some 27,000 staff, said this month it was seeking a short-term loan of Rs. 1,000 crore ($148 million) so it can continue day-to-day operations.

The carrier had debt worth Rs. 49,100 crore ($7.16 billion) as of March 31, 2017.


RCom to exit telecom fully to focus on realty: Ambani
Petrol, diesel rates scale new highs
Adani Capital to raise Rs 1,000 cr in growth capital in FY19
Vijaya Bank, Dena Bank, BoB to merge: Govt
Air India utilising just 21 of 27 Dreamliners for daily ops
RBI submitted a list of high profile fraud cases to PMO: Rajan
VU 100-inch 4K HDR smart TV launched in India for Rs 20 Lakh
US dollar ends higher against rupee
Gadkari pitches for alternate fuels; says govt not against petrol, diesel
SBI hikes benchmark lending rate by 0.2 pc
PM launches India Post Payments Bank; postman to deliver doorstep banking services
IBA elects PNB's Sunil Mehta as chairman
Circular Trades: Sebi imposes fine of Rs 16 lakh on two individuals
India expected to surpass Britain to become world's 5th largest economy next yr: FM
DeMo led to more tax collection, higher growth: Jaitley
Company director sent to 6 months jail for TDS default
Petrol, diesel at new high; govt hopes it is temporary
YES BANK, Rajasthan govt. partner to launch payments wallet 'Bhamashah'
Narvar raises USD 30Mn in Series C Funding round
Tech Mahindra, Microsoft join hands to curb pesky calls
KERALA NEWS
Bar bribery case: Court dismisses the vigilance report
 Thiruvananthapuram: The vigilance special court dismissed the report that absolved K.M. Mani from th  
State Kalolsavam to be held in December
Actor Captain Raju passes away at 68
Hartal affected normal lives
INTERNATIONAL NEWS
100 die in severe flooding in Nigeria: relief agency
 Lokoja (Nigeria), Sep 18 (AFP) Nigeria has declared a national disaster after severe flooding left a
Pak govt, Opposition agree for parliamentary probe into vote rigging charges
Air Tanzania to soon resume direct flights to India
Imran Khan govt auctions 70 luxury cars as part of austerity drive
NATIONAL NEWS
BJP, Congress mock Mamata's foreign visit
 Kolkata, Sep 18 (PTI) The opposition Congress and BJP Tuesday mocked West Bengal Chief Minister Mama
Three infants die every two minutes in India: UNIGME
'Sidhu could have avoided hugging Pak Army chief'
India's first IAS officer Anna Rajam Malhotra dies
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.