Budget 2023: The allocation for the civil aviation ministry in the Union Budget has more than halved to Rs 3,113.36 crore for next financial year, especially due to a sharp reduction in the amount set aside for Air India Asset Holding Ltd.
Civil Aviation Ministry s allocation dips to Rs 3,113 36 crore in Budget 2023-24 webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
The Civil Aviation Ministry witnessed a significant decline in its allocation in Budget 2023-24 presented on Wednesday.The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs .
The government has settled over Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in AIAHL the company holding residual assets and liabilities of the airline ahead of the transfer of the national carrier to the Tata Group, a top official said on Thursday. The airline had a total debt of Rs 61,562 crore as of August 31, 2021. Of this, the