The Government is proposing to sanction a revival package of Rs. 1,732 crore to Air India. Out of these Rs. 532 crore is the arrears/dues the government has to pay to Air India which has accumulated in years. Air India has got loans of about Rs. 20,415 crore which has to be paid in this financial year.
It was mainly due to the pro-private policies of the government and mismanagement that this sad situation has come. The wrong and pro-private decisions taken by the former aviation minister Prabhul Patel had made the situation worse.
The workers and their unions in the Air India have got a big responsibility in compelling the management and government to take suitable decisions to revive and strengthen the PSU, which is a great national asset.
Air India to get a revival package of Rs. 1,732 crore
19 Tuesday Jul 2011
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