By Govindraj Ethiraj
Whether or not the "subsidy" bill for Air India is raised in Budget 2012, the fact is that the flag carrier's mounting losses and "revival plans" will have to be accounted for soon enough. At least, partly.
It's amply clear that Air India is an extravagance the government will hold onto with dear life. Say what you want.
It's equally clear that criticizing Air India for its sloth and size is, thus, futile. Moreover, be advised that the sinking airline will continue to devour thousands of crores of taxpayers' money as well as public sector bank deposits all the way to the blue sky yonder.
Source: http://www.rediff.com
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