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Budget 2020: Sitharaman announces Rs 3,797 crore for Civil Aviation Ministry

Budget 2020 news: Ministry of Civil Aviation has been allocated Rs 3,797 crore in the Union Budget 2020-21. Here's for more

twitter-logoPTI | February 1, 2020 | Updated 20:07 IST
Budget 2020: Sitharaman announces Rs 3,797 crore for Civil Aviation Ministry
Civil Aviation Ministry has received Rs 3,797 crore in the Budget 2020

Ministry of Civil Aviation has been allocated Rs 3,797 crore in this year's Budget, 2.62 per cent higher than Rs 3,700 crore which was allocated in the 2019-20 fiscal year. For the purchase of two B777 aircrafts - which would be for travel of the prime minister, president and vice president - the government has allocated Rs 810 crore in this year's budget that is significantly higher than Rs 272 crore allocated in 2019-20.

Currently, Prime Minister Narendra Modi, President Ram Nath Kovind and Vice President M Venkaiah Naidu fly on Air India's B747 planes, which have the call sign 'Air India One'. The government has allocated Rs 465 crore for its regional connectivity scheme Udan, which is 3.1 per cent higher than what was allocated in 2019-20.

FULL COVERAGE:Union Budget 2020

Just like current fiscal year, the Centre has allocated just Rs 1 lakh in 2020-21 for the "turnaround plan for Air India", as per the documents. Air India Asset Holding Ltd, a special purpose vehicle (SPV), has been set up as part of financial restructuring of the debt-laden national carrier.

According to the documents presented in the full Budget for 2020-21, the government has allocated Rs 2,205 crore for the SPV this fiscal.

Also read: Budget 2020 Speech: New reforms announced in budget will accelerate economy, says PM Modi

Also read: Budget 2020: Watch Live Streaming on Aaj Tak, India Today, live telecast channels

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