Financial Restructuring Plan

Short-term loans eroded AI's fin restructuring benefits: CAG

Besides, the apex auditor has recommended that the government's equity funding to the airline should be adjusted after taking into account the reduction in loan amounts and lower interest liability on non-convertible debentures.

Can't raise power tariff & reduce debt overnight: APP

Ashok Khurana, Director-General, Association of Power Producers says the power sector needs an immediate solution amidst the collapsing demand since past three years.

Govt note on 8-state discom debt rejig soon: Sources

The central government has finalized plans to restructure the burgeoning debt of power distribution companies (discoms) in eight states and the Cabinet is likely to issue a note for issue of a bill by the end of the month or early November.

Discoms loan at Rs 7k cr; Rs 3.3k cr restructured: Dena Bk

Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.

Power Min to discoms' rescue: May lower interest rates

States have also asked for some favours from the Central government which includes the Centre providing funds for interest subsidy on loans of over Rs 40,000 crore.

Air India FY15 net loss narrows to Rs 5,547cr: Govt

National carrier Air India has reduced its net loss by more than a quarter to Rs 5,547.47 crore in the previous fiscal as compared to a net loss of Rs 7,559.74 crore in FY12, government said on Monday.

Air India Board reviews carrier's financial performance

The state-run carrier, which is to receive Rs 30,000 crore equity from the government for 10 years, starting April 2012, as a part of its Turnaround Plan (TAP)and Financial Restructuring Plan, has been allocated Rs 2,500 crore funds for the next fiscal. "Air India Board discussed the budget for the next fiscal.