Civil Aviation Ministry gets 22% more budgetary funds for 2017-18

The Civil Aviation Ministry today received a substantial increase of over 22% in budgetary allocation at Rs 5,167.60 crore for the next financial year.

In the Union Budget 2017-18, presented by the Finance Minister Arun Jaitley in Parliament today, out of the ministry’s total allocation, a good chunk will be for Air India, which is to get Rs 1,800 crore.

The amount will be extended to the national carrier as part of the bailout package announced by the then UPA government in 2012.

Besides, the airline will be given Rs 508 crore as part of investment in public enterprises.

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