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Union Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for the fiscal year beginning 1 April. Infrastructure emerged as the topmost priority for the Narendra Modi government as the finance minister said that the budget for 2022/2023 will lay the foundation for economic growth through public investment as Asia's third-largest economy emerges from a pandemic-induced slump.

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Budget 2022: Govt allocates additional Rs 51,971 crore to settle Air India’s debt

New Delhi, Feb 1: Having closed the most high-profile disinvestment process of Air India, the government also decided to retire the airline’s debt that it transferred to the Special Purpose Vehicle (SPV). In the Union Budget 2022-23, the government allocated an additional Rs 51,971 crore towards the settlement of outstanding guaranteed liabilities of Air India and its other sundry commitments.

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