A Rs 5,500 Crore Equity Infusion in Air India - The New Indian Express

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  The Sunday StandardLot of StockDinamaniCinema ExpressKannada PrabhaSakhiAndhra PrabhaMalayalam Vaarika Tuesday, February 18, 2014 03:48 PM Click here for Mobile Site follow us GO E-paper AutoBooksEdexFoodHealthIndulgePhotosVideosStudent EditionTechOffbeatEducation Elections Trading StarVoXpress JobsHome > Business > News By Express News Service - NEW DELHIPublished: 18th February 2014 09:46 AMLast Updated: 18th February 2014 09:49 AM A Rs 5,500 Crore Equity Infusion in Air India In a major relief for the cash-strapped Air India, the Centre has allocated Rs 5,500 crore asequity infusion for the year 2014-2015. Out of a total budget package of Rs 6,377 crore forthe Ministry of Civil Aviation, Rs 550 crore has also been allocated as the non-planexpenditure for the payment of subsidy to airlines for Haj charter operations.The aviation regulator Directorate General of Civil Aviation (DGCA) has been given Rs 113crore, which includes Rs 50 crore for plan and and Rs 63 crore for non-plan expenditure.The plan provision includes, training projects, construction of DGCA Bhawan and setting upof a joint training academy.The non-plan provision is meant for meeting establishment expenses.A budgetary support of Rs 40 crore as plan expenditure was earmarked for the Bureau of Civil Aviation Security (BCAS) for procurement of security equipment, radiological detectionequipment, construction of a headquarter building and restructuring of the BCAS.The Indira Gandhi Rashtriya Uran Akademi, located in UPA chairperson Sonia Gandhi’s RaeBareli constituency, has been provided with a grant of Rs 5 crore. Follow Comments on this articleSocial Network for News Subscribe via RSS Follow Comments on this article Today's PickFrom Around the Web News from Behind Powell-Modi Handshake Lies US Need toCapture Money Market Called India'Only 3 of 11 MP Cong Parliamentarians may Win'Duty Cut Drives Down Car Prices, Merc Cheaper byup to Rs 2 LakhAdventure Carnival at Vagamon HillIIM-B Grads Get More Foreign Offers This Time News Budget 2014 Highlights More Nation Congress Finally ShedsVelvet Glove to RevealIron Hand More Nation Duty Cut Drives DownCar Prices, MercCheaper by up to Rs 2Lakh More Nation Tejas Mk-II PreliminaryDesign to be Out NextMonth More Health Decoded: Why YouRemember Dreams Editor's PicksMost ReadMost Emailed TOP NEWSNATIONWORLDSTATESCITIESBUSINESSCRICKETSPORTENTERTAINMENTMAGAZINEOPINIONEDITORIALS  #DelhiMetro Must Have 'Claims Commissioner': New Indian Express  @NewIndianXpressExpand Foray Into Politics Not Easy at All: #MedhaPatkar -  #AAP New Indian Express  @NewIndianXpress #AAP To Field Udayakumar in LS Polls? | Plus New Indian Express  @NewIndianXpress25m30m40m Tweets Follow Top NewsNationWorldStates Andhra PradeshKarnatakaKeralaTamil NaduOdisha Cities BangaloreChennaiKochiThiruvananthapuramHyderabad Business Data CentralNewsCEO TalkAdvisorFund ManagerMarket CommentaryHot Stocks Cricket NewsFeaturesColumnistsInterviews SportAutoEntertainment TamilTeluguMalayalamKannadaHindiEnglishGossipInterviewsReviewsTelevisionFashionOn stagePhotosVideos EducationLifestyle TravelFoodHealthBooksSpiritualityTech Magazine Voices The Sunday StandardEditorialsPrabhu ChawlaOpinion Karamatullah K GhoriS GurumurthyKamlendra KanwarPoint of ViewRavi ShankarV SudarshanShampa Dhar-KamathShankkar AiyarSoli J Sorabjee Photos NationWorldSportOther Videos NationWorldSportOther Group Sites Lot of StockDinamaniKannada PrabhaSakhiAndhra PhabhaCinema ExpressMalayalam VaarikaArchivesAbout UsContact UsPrivacy PolicyTerms of UseAdvertise With UsCopyright © 2012 The New Indian Express. All rights reserved.
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