Air India paid 'avoidable' ₹ 43.85 crore penalty for non-compliance with contractual timelines: CAG
The Hindu
The national carrier defaulted on the concessional late return fees/ penalty for the period from July 2016 to December 2019.
Air India shelled out an "avoidable" penalty of ₹ 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG.
The penalty amount was paid in August last year for the July 2016 to December 2019 period.
The Comptroller and Auditor General (CAG) has mentioned about the penalty in a report tabled in Parliament on Tuesday wherein it said that "avoidable payment of penalty due to delay in return of removed components" was made by Air India.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Labour Ministry receives record allocation in Union Budget to focus on new employment generation scheme, social security for gig workers.
Union Budget allocates ₹903 crore to Lok Sabha and ₹413 crore to Rajya Sabha, with specific salary and allowance provisions.
APCC president criticizes Centre for unfair budget allocations, highlighting discrimination against Andhra Pradesh by PM Modi.
Congress criticizes government's inadequate steps for gig workers, calling for national legal and social security framework.
Volkswagen challenges India's $1.4 billion tax demand, citing compliance with import rules and investment risks.
Union Finance Minister Nirmala Sitharaman defends Indian rupee stability against U.S. dollar, citing strong macroeconomic fundamentals amid criticism.
Finance Minister Nirmala Sitharaman addresses middle class concerns in Union Budget, with PM Modi's support for tax cuts.
Opposition in Maharashtra criticizes Union Budget as 'Bihar budget', while ruling party hails it as revolutionary for rural India.
Rajasthan CM praises 2025-26 Union Budget for balanced development, while Congress criticizes neglect of state projects and issues.
Madhya Pradesh CM praises Union Budget 2025 for special provisions for poor, women, youth, farmers, start-ups, innovation, and AI.
Odisha Chief Minister praises historic Union Budget benefiting all sections of society, while former CM criticizes lack of job focus.
Union Finance Minister Nirmala Sitharaman announces ₹20,000 crore for employment generation scheme, with mixed reactions from trade unions.
Chief Minister Revanth Reddy meets Ministers to discuss Union Budget discrimination, MLAs' dinner meeting, and State development funds.
The Budget attempts to revive growth by stimulating aggregate demand in the economy, with a crucial role assigned to the industrial sector
Union Budget 2025 receives mixed reviews from business leaders, highlighting infrastructure, technology, and income tax reforms.
Budget 2025 aims to revamp shipbuilding with financial assistance, infrastructure status for large ships, and incentives for shipbreaking.
Budget 2047 aims for 7.5% GDP growth, focusing on inclusive growth through agriculture, MSMEs, investment, and exports.
Finance Minister Nirmala Sitharaman announces raising FDI limit in insurance sector to 100%, attracting global investments and fostering innovation.