MoCA’s budget up by 22%, Air India to get Rs 1800 crore

air-india-logoThe Ministry of Civil Aviation (MoCA) received an increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore in the Union Budget for 2017-18. Out of the ministry’s total allocation, a good chunk will be for Air India, which is to get Rs 1,800 crore. The amount will be extended to the national carrier as part of the bailout package announced by the then UPA government in 2012. Apart from that, the airline will be given Rs 508 crore as part of investment in public enterprises. National airports operator AAI has been allocated Rs 2,543 crore, apart from a budgetary support of Rs 100 crore. The budgetary funds for aviation watchdog DGCA has been stepped up significantly to Rs 230.56 crore for 2017-18. The amount is at Rs 29.67 crore for the current fiscal.

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