'The Tatas will inherit Rs 15,300 crores of debt, which will surely be restructured.the remaining debt of Rs 46,262 crore will be the burden of the government,' which people will have to bear, he said.
The Confederation of Indian Industry today said privatisation of national carrier Air India sends out a clear message to the markets and global investors that the Centre has the political will to bite the reform bullet
The government will transfer about Rs 16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making airline to the Tata Group, a senior official said.