Air India<\/a>. Its interest burden increased more than Rs 50,000 crore. Congress decided to give it a bail-out option to recover. But using taxpayer\u2019s money in such projects was criticized as it did not have any social impact. Since then every year its debt burden is increasing. This step will save the sinking vessel.\u201d<\/p>\nVipul Saxena said through 49 percent FDI the government diverted the burden to foreign investors which would otherwise have come on taxpayers. He said: \u201cThe management of the company will remain with us. And, if foreign partners come they will surely bring with them new business perspectives which would help us. Foreign partners will also keep a check on the ways their money is being spent. FDI comes with a very low interest rate while domestic loans come with an interest rate of about 16%. So through FDI recurring burden will definitely decrease.\u201d<\/p>\n
-Compiled by Usha Rani Das<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Mudda discusses move to bring in foreign investment for Air India, says airline enjoyed monopoly for too long even as interest burden touched Rs 50k crore India eases foreign direct investment (FDI) norms that would create automated route for investors. It has allowed overseas carriers to acquire 49 percent of Air India and a 100 […]<\/p>\n","protected":false},"author":4,"featured_media":35862,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[15],"tags":[726,86,111,37447],"yst_prominent_words":[37788,24107,6461,37780,37786,37443,37781,37778,37789,3885,3704,37782,37790,37783,37785,37784,11345,37779,37441,37787],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2018\/01\/Still0111_00014.jpg","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/35860"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=35860"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/35860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/35862"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=35860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=35860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=35860"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=35860"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=35860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}