Air India employees demand probe into PF trusts
Updated:
Updated:
Their questionable investments resulted in huge losses, they say
Share Article
Their questionable investments resulted in huge losses, they say
Eight unions of employees have written to Minister of Civil Aviation Hardeep Puri demanding an “independent forensic audit” into the mishandling of two provident fund trusts which serve the national carrier’s staffers and have allegedly incurred losses to the tune of ₹1,085 crore.
“It has come as a shock to all of us unions, many of whom were not involved or aware of the day-to-day functioning of the trusts of IA [erstwhile Indian Airlines which merged with Air India] & AI [Air India] that huge losses have been incurred by both trusts, due to questionable investments in companies like ILFS & Dewan Housing etc which collapsed,” the unions wrote in their letter dated May 26.
Editors Guild expresses ‘shock and disbelief’ Govt report outlines strategy to ‘control’ media, ‘neutralise’ those spreading fake news 6 meetings with ministers, journalists elicit responses like ‘helping’ friendly outlets, ‘acting’ against critics, ‘separating’ mass from elite communication
Even after two back-to-back sweeping election wins, the second bigger than the first, the government’s still looking for dramatic ways to boost its public image and combat what it believes is the “pseudo-secularist” hold on the media that colours reporting on its actions.
Nine ministers, including media stars Ravi Shankar Prasad, Prakash Javadekar, Smriti Irani and foreign minister S. Jaishankar, were involved in a massive exercise that culminated in a 97-page report written after consulting leading figures from the m
‘Carrier incurred ₹2,570 cr. loss in Q1’
Air India incurred a loss of ₹7,982 crore in the financial year 2019-2020, according to provisional figures shared by the government in Parliament.
The national carrier also incurred a loss of ₹2,570 crore in the first quarter of the current fiscal, when there was a nationwide lockdown and flights were grounded, against a loss of ₹785 crore in the comparable period of the previous fiscal, Minister of State for Civil Aviation Hardeep Puri told the Rajya Sabha on Wednesday.
The government helped the debt-laden carrier in multiple ways to sail through the year, which included a guarantee support of ₹964 crore to enable the airline to raise new loans for its working capital requirements.
Union Minister of Civil Aviation Hardeep Puri on Wednesday said that 100 per cent occupancy of airlines will be allowed only after the Covid assessment.While replying during the Question Hour in the Rajya Sabha, Puri said, "Some carriers .