Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARDS :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES
« Budget Extravaganza »
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift
 Budget 2018: Section 80C limit may be increased

In Budget, Air India seeks Rs 2,000 cr equity infusion
December, 28th 2010

Air India has sought an additional Rs 2,000 crore as equity infusion in Budget 2011-12, the Minister for Civil Aviation, Mr Praful Patel, said here on Monday.

The airlines earlier proposal for providing Rs 1,200 crore as equity is likely to go before the Cabinet soon. In addition, the airline has sought an additional Rs 2,000 crore in Budget 2011-12, the Minister said at an event to induct a sea plane into the fleet of Pawan Hans Helicopter Ltd.

Earlier this year, the Government provided Rs 800 crore to Air India. Official sources told Business Line that the State-owned carrier could get as much as Rs 3,000 crore during financial year 2011-12.

Staying afloat

We are hopeful that the Government will provide Rs 2,000 crore in the early part of the new financial year, while an additional Rs 1,000 crore could come towards the end of the year. What the airline does with these funds will be left to the management, sources said.

The infusion of additional equity as also the recently announced guidelines of the Reserve Bank of India on debt restructuring for the domestic airline industry will help Air India stay afloat.

The acceptance of the debt restructuring plan of Air India (which should be cleared in about a month) will see the airline debt come down to around Rs 25,000 crore from the current Rs 40,000 crore. With the Government pumping in Rs 5,000 crore as equity into the airline, it will enjoy a debt equity ratio of 1:5. This is an accepted level and banks should have no problems lending funds to the airline, sources added.

At the moment, the airline equity stands at Rs 145 crore. The airline, which had reported losses in excess of Rs 5,000 crore in the previous year, has been working on a turnaround plan to curtail them. The measures have borne fruit with the airline reporting a 22.6 per cent increase in network revenue at Rs 7,250 crore in April-November 2010 as compared with Rs 5,911 crore in the year-ago period.

Earlier this year, the airline posted a 23 per cent drop in net loss to Rs 5,551 crore for 2009-10, against Rs 7,189 crore in 2008-09.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions