National carrier Air India will receive Rs 1,800 crore as equity infusion in 2017-18 under the government’s ongoing financial assistance and the amount is slightly higher than the allocation for 2016-2017.
The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley. For 2016-17, the government had allocated Rs 1,713 crore to the airline against a demand of Rs 3,911 crore.
The government-owned airline has been allocated Rs 1,800 crore as part of the Rs 30,0231 crore financial bailout package. So, let’s discuss some questions related to this post:
Q1. How much the equity infusion received by National carrier Air India in 2017-2018 under the government’s ongoing financial assistance?
Ans1. Rs 1,800 crore
Source- The Indian Express