The government today deferred a decision on proposal to revive sick public sector unit, Scooters India Ltd (SIL). "The Cabinet has deferred the proposal," a source said.
Amidst mounting concerns that many promoters who have got their loans restructured are misusing the CDR mechanism, bankers today called for higher equity infusion, to the tune of one-fourth of the CDR demand.
India will infuse Rs 30,000 crore in state-run carrier Air India by 2020, Civil Aviation Minister Ajit Singh told reporters on Thursday.
The cabinet on Wednesday approved a financial restructuring plan for national carrier Air India, which includes equity infusion by the government and restructuring of USD 4 billion in debt.
The final meet to seal fate of SBI equity infusion is soon to take place with the finance secretaries to mull options tomorrow, reports CNBC-TV18's Aakansha Sethi.
In a much-needed succour to the troubled micro-finance space, West Bengal-based micro lender Bandhan today said it has got a Rs 135-crore equity infusion from the investment unit of the World Bank.
The finance ministry is driving a tough bargain for equity infusion into Air India. The aviation minister met with the finance minister and has asked for over Rs 2,000 crore in support for Air India in the budget. CNBC-TV18’s Mehek Kasbekar shares more details on what does Air India have to do now.