Air India privatisation is a milestone in India's reforms
Retirement fund body EPFO has onboarded Air India Ltd for social security benefits like PF, pension and insurance and has received contributions for about 7,453 employees for the month of December from the airline, a labour ministry statement said on Saturday. The Tata Group took over the debt-ridden airline from the Government of India. Air India had applied for EPFO coverage, which has been allowed, the retirement fund body said. "EPFO (Employees' Provident Fund Organisation) onboards Air India for social security coverage to service the social security needs of their employees. Air India Ltd applied for voluntarily covered u/s 1(4) of the EPF & MP Act, 1952 which has been allowed vide gazette notification on January 13, 2022 -- with effect from December 1, 2021," the ministry statement said. The social security benefits will be provided to around 7,453 employees for whom contributions have been filed by Air India with EPFO for the month of December 2021, it added. These ...
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'The entire nation's eyes are on us, waiting to see what we will achieve together,' Chandrasekaran tells Air India employees
The entire nation's eyes are on the Tata Group and Air India waiting to see what they will achieve together, Tata Sons Chairman Natarajan Chandrasekaran told the carrier's employees
NEW DELHI (Reuters) -India's Tata Group took control of state-run carrier Air India on Thursday, regaining ownership of the airline after nearly 70 years and marking a victory for Prime Minister Narendra Modi's privatisation push.
'We are excited to have Air India back in the Tata Group and are committed to making this a world-class airline,' Tata Sons Chairman N Chandrasekaran said in a statement
The group also said it philosophically agrees with 'the Prime Minister's vision for the aviation sector, of making it affordable and ensuring it contributes to boosting 'Ease of Living' for citizens'
Air India will boom under the wings of the new owners and the airline will pave the way for a thriving and robust civil aviation sector in India, Aviation Minister Jyotiraditya Scindia said