Rs 51,971 crore allocated for Air India liabilities settlement

NEW DELHI: The Centre has allocated an additional Rs 51,971 crore towards the settlement of outstanding guaranteed liabilities of Air India in the Union Budget, following the successful disinvestment of the carrier.

“As against a total expenditure of Rs 34.83 lakh crore projected in the Budget estimates 2021-22, the revised estimate is Rs 37.70 lakh crore. The revised estimate of capital expenditure is Rs 6.03 lakh crore. This includes an amount of Rs 51,971 crore towards the settlement of outstanding guaranteed liabilities of Air India and its other sundry commitments,”