The budgetary allocation for Air India's TAP in 2019/20 is far lower than the allocations in the previous years.

Finance Minister Arun Jaitley is expected to announce the target while presenting an interim budget on Feb. 1

Schools, transport, banking services to be hit as 20 crore workers call for nation-wide strikeIt will be a day of protests in the country as several trade unions, bank employee unions, farmers' bodies and teachers' associations are taking part in a two-day nationwide strike against the Narendra Modi government. Transport, banking, education, health, steel, electricity, insurance and other services may be affected as these trade unions, comprising over 20 crore workers, will join the two-day B...

The nine major Indian carriers together took deliveries of over 120 planes comprising both twin and single-aisle as well as regional jets in the just-concluded year

To begin with, the guidelines would be applicable to those central public sector undertakings which are likely candidates for strategic disinvestment

The BJP-led NDA continues to shy away from the outright sale of bluechip state firms to the private sector in the present regime

The sale of land, building and other realty assets is part of the government's plan to trim the Rs 55,000 crore debt burden of Air India

After the implementation of the revival plan, the airline's annual loan interest liability payout of Rs 4,400 crore would be drastically reduced by Rs 2,700 crore to just 1,700 crore, which will help the airline in paring its debt.

A ministerial panel headed by Finance Minister Arun Jaitley gave the green light to sell 27 acres of Air India's land in the capital's upmarket Vasant Vihar to public sector company NBCC.

Air India is reeling under a huge debt burden of over Rs 50,000 crore and the government is planning to sell its non-core subsidiaries of the national carrier.

Despite its troubles, it seems that Jet is in better condition than Air India, at least in terms of operational parameters.