The government has approved the Financial Restructuring Plan, FRP and Turn Around Plan, TAP of Air India. In a written reply in the Rajya Sabha today, Civil Aviation Minister Ajit Singh said that as per approval, upfront equity of 6,750 crore rupees has been inducted and 1,200 crore rupees provided in the budget of 2011-12 has already been released. He said the government has also given guarantee for repayment of principal amount and payment of interest on the Non-Convertible Debentures of 7400 crore rupees proposed to be issued by Air India Limited to the financial institutions, banks, and LIC. The Minister said, the government will ensure that bail out money is spent judiciously.Mr. Singh informed that the total loss of revenue caused to Air India due to prolonged strike by the pilots is approximately 600 crore rupees. He, however, said that the management of Air India has always been open to dialogue with the Unions and is in constant touch with them to redress their grievances, if any. Open House sessions are being conducted at every level to enable employees to come out with their grievances and issues. The issues brought out in Open House Sessions are dealt with in time-bound manner