February 3, 2010 10:10 AM

printer

GoM to discuss equity infusion into Air India issue today

The Group of Ministers headed by the Finance Minister Mr Pranab Mukherjee will meet on Wednesday in New Delhi to discuss the issue of equity infusion into Air India and a review of its turnaround plans .<br/><br/>AIR correspondent reports the GoM would examine the implementation of various measures taken by Air India to reduce costs and generate revenues.<br/><br/>The government had earlier decided to grant the ailing carrier 800 crore rupees this fiscal, while another 1,200 crores was planned for release in 2010-11.<br/><br/>This plan would also come up for review at the crucial meeting on Wednesday. Besides Mr Mukherjee, the GoM includes Home, Law and Civil Aviation ministers.

Most Read
View All arrow-right

No posts found.