Air India Stops Credit Facility : Ministries and Departments of the Central Government will no longer be able to buy air tickets from Air India on credit. Air India has stopped giving air tickets on credit (No Credit Facility) to the ministries and departments of the government. After this decision of Air India, the Finance Ministry has instructed all the ministries and departments not to buy tickets on credit from Air India till further orders. The Finance Ministry has also ordered all the ministries/departments to clear the outstanding amount of Air India immediately.
Lending closed after Air India disinvestment
In the instructions issued by the Department of Expenditure, Ministry of Finance, it has been said that recently the Government of India has decided to disinvest Air India and Air India Express. The process of disinvestment of Air India and Air India Express is underway. In such a situation, Air India has stopped the credit facility on the purchase of air tickets.
Air India order to pay dues
In the order issued by the department, all the ministries and departments have been asked to pay the dues of Air India with immediate effect. Along with this, instructions have also been given that Air India air tickets should not be bought on credit.
The Finance Ministry has asked all the ministries to convey these instructions to the departments and institutions under them. These instructions are applicable on all types of domestic and international flights including LTC. On such journeys, the cost of which is borne by the government and the authorities concerned can travel only by Air India, which was earlier issued by Air India on credit.
These instructions have been sent by the Ministry of Finance to all the Ministries, Government Departments, CAG, UPSC, Lok Sabha and Rajya Sabha as well as the Chairman and Managing Director of Air India.
Tata’s Air India
After 68 years, once again Air India is going to belong to Tata. The government had invited bids for Air India. Tata has acquired Air India by making the highest bid of Rs 18,000 crore.
read this also :
Paytm IPO Update: IPO of Paytm may be launched on November 8, price band of Rs 2080 -2150 IPO possible
Nykaa IPO Update: Nykaa’s IPO will open tomorrow, trading with 60 percent premium in gray market even before listing