Divest Air India

For far too long now, the Indian taxpayer’s money has been used to keep Air India afloat. A bailout of R3,000 crore in April 2012 came on the heels of the November 2011 package of R1,800 crore. With the national carrier annually losing somewhere in the region of R1,850 crore, such subsidies might as well become a regular feature of the Budget! In fact, its sovereign guaranteed debt of over R50,000 crore could also become the government’s liability if the current status quo is maintained in the airline’s operations.

Read Full Story>>