`9,259 CRORE ALLOCATED FOR AIAHL

The Centre has allocated Rs 9,259 crore to AIAHL, a state-owned special purpose vehicle set up to handle Air India's debt and non-core assets, for FY23, according to a budget document. In the budget speech, the FM said the revised estimate of capital expenditure for this fiscal is Rs 6.03 lakh crore. This includes an amount of Rs 51,971 crore towards settlement of outstanding guaranteed liabilities of Air India and its other sundry commitments.