India’s government has budgeted for Rs 65 billion ($1.8 billion), as equity infusion for flag carrier Air India during the financial year 2014-15. Provision for the amount has been made in the union budget, unveiled by India’s finance minister Arun Jaitley in Delhi on Thursday. This year’s provision is higher than the Rs 60 billion support that the loss-making airline received in financial year 2013-14. This is possibly because it has showed improved performance in the ...

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