Current Affairs - Business - Discussion

The need for equity infusion for State-owned carrier Air India came to an end after the government guaranteed to raise Rs 3,500 crore as loan. Air India has raised Rs 3,000 crore so far which includes Rs 1,000 crore to the airline from the National Small Savings Fund (NSSF) on behalf of the government. Another Rs 500 crore will be raised by the airline through a loan from the unused sovereign guarantee.