Government Seeks Rs 62 Crore Infusion In Air India For This Year's Expenses
NDTV
The extra spending would include Rs 58,430 crore by way of additional fertiliser subsidy and Rs 53,123 crore towards payment of pending export incentives and Rs 22,039 crore.
The Government on Friday sought Parliament''s nod to infuse over Rs 62,000 crore into the company that holds residual assets and liabilities of Air India after its privatisation, as part of over Rs 3.73 lakh crore additional spending planned in the current financial year.
The extra spending would include Rs 58,430 crore by way of additional fertiliser subsidy, Rs 53,123 crore towards payment of pending export incentives and Rs 22,039 crore to rural development ministry for transfer to National Rural Employment Guarantee Fund.
Minister of State for Finance Pankaj Chaudhary tabled the second batch of supplementary demands for grants tabled in Lok Sabha envisaging a net cash outgo of over Rs 2.99 lakh crore and Rs 74,517 crore extra expenditure would be matched by savings by different ministries.
As per the document, Rs 62,057 crore would be given to the Civil Aviation Ministry for equity infusion in Air India Assets Holding Company (AIAHL) for re-payment of past government guaranteed borrowing and past dues/liabilities of Air India.
