Govt has raised Rs 22,000 crore through issue of bonds, as it looks to remove key hurdles in AI's privatisation.
They will be retrenched through the government’s voluntary retirement scheme (VRS), where an employee gets an amount that’s equivalent to monthly salary multiplied by either the years of service completed or those left, whichever is less.
The industry in India generates about $900 million annually and the industry is growing at a modest rate over years despite the aviation industry growing in double digits.
DGCA announces rules to minimise passenger inconvenience; asks airlines to resolve social media complaints too
The airlines will have to send periodic messages to passengers to keep them updated on delays.
Action will be taken in case of any lapse in conduct of examiners.
India has 32 training institutes that produce about 300 pilots against the requirement of 800 a year.
Under the SOEC clause, an airline must have its operational base in India and twothirds of its board members need to be Indian along with the chairperson.
Hardeep Singh Puri clarified that the government does not intend to interfere in the pricing mechanism of the airlines.
Arbitration panel gives time till Oct 30 to GVK to bring in investors.
The govt is looking at halving the burden and making it a more attractive prospect, sources have revealed.
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