Disinvestment of Air India is in progress. Many parties have given the EOI government for this last month. It is expected that the government will announce the names of qualified bidders in the coming weeks.
New Delhi: The Union Budget 2021 was presented in Parliament by the Central Government. This budget was kept in Parliament by Finance Minister Nirmala Sitharaman. Meanwhile, Finance Minister Nirmala Sitharaman said in her budget that the disinvestment of Air India would be completed in 2021-22 and allocated Rs 2,268 crore for the formation of a special special purpose vehicle under the financial restructuring of this national aircraft carrier.
Disinvestment of Air India is in progress. Many parties have given the EOI government for this last month. It is expected that the government will announce the names of qualified bidders in the coming weeks. A special purpose vehicle (SPV) named Air India Asset Holding Limited has been established under the financial restructuring of the national aviation company stuck in a debt crisis.
According to the budget documents for FY 2021-22, this special purpose vehicle (SPV) has been allocated Rs 2,268 crore for the next financial year. Finance Minister Sitharaman said in his budget speech that the disinvestment of Air India and Pawan Hans will be completed in 2021-22.
The Ministry of Aviation has been allocated this amount
In the general budget of 2021-22, the Ministry of Civil Aviation has been allocated Rs 3,224 crore, which is 22 per cent less than the allocated amount of Rs 4,131 crore for the current financial year.
In the last year’s budget, Rs 3,797 crore was allocated for the ministry, but it was later revised to Rs 4,131 crore. The government on Monday allocated Rs 600 crore for the regional connectivity scheme Udaan for 2021-22, which is 14.28 percent less than the current financial year.
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