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Business

Air India to send employees on leave without pay for up to 5 years

The Air India order said 11 types of allowances – including flying allowance, special pay, wide body allowance, domestic layover allowance

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Economy

6 बैंकों के निजीकरण की तैयारी, सिर्फ 5 सरकारी बैंक रहेंगे

आरबीआई के अनुसार, सितंबर 2019 तक सरकारी बैंकों पर 9.35 लाख करोड़ का बैड लोन था, जो उनकी कुल संपत्ति का 9.1% है

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Economy

Package worth Rs 20,97,053 crore completed with empowerment of states

Sitharaman detailed the final tranche of Modi’s promised package, allowing states to raise their borrowing limit from 3% to 5% of the GSDP

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India

Sitharaman unveils big-bang reforms in tech, infra, coal, defence equipment mfg, aviation

‘Today’s announcements focus on structural reforms,’ Finance Minister Sitharaman said in the beginning ‘for exploring new horizons of growth’

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Business

Lohani, who joined Air India to steer it from crisis, to help sell it

Ashwani Lohani, an engineer of the Railways, had retired in 2007 but, in view of his managerial skills, the then government brought him to AI

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Business

Air India trade unions to demand VRS today

Puri had made it clear in the first meeting on 2 January that privatisation was the only option before the government to keep the airline going

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India

Bharat Bandh: Delhi unaffected, mischief in Bengal, Karnataka

Ten trade unions had called for this Bharat Bandh against government policies such as privatisation, bank mergers and other economic measures

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Business

Puri: Air India will be difficult to run if not privatised

Union Civil Aviation Minister Hardeep S Puri also answered a question on the fate of reservation in Air India once the airline is privatised

Categories
India

Air India suffered loss of Rs 430 crore due to Pak airspace closure

Air India has suffered a loss of Rs 430 crore in the last four months of air space being restricted by the neighbouring country.

Categories
Economy

76% of Air India’s government stakes to be sold

New Delhi: The government plans to sell 76% stake in Air India, according to the preliminary information memorandum released today on strategic disinvestment of the national carrier. On 28 June 2017, the Narendra Modi government had announced the privatisation of Air India. A committee was set up to start the process. On Wednesday, 28 March, […]