10Jul

Budget 2014 Reactions: Air India to get Rs.6,500 crore of fresh equity

Finance Minister Arun Jaitley Thursday proposed infusion of an additional equity of Rs.6,500 crore in the cash-strapped national passenger carrier Air India for the current fiscal.

“Budgetary support of Rs.6,500.00 crore has been earmarked for equity infusion in Air India Limited,” said the expenditure budget document.

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