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Daily Archives: February 8, 2012

Government’s Air India bailout can feed ALL hungry Indians for a year

I recently came across an article by noted Indian journalist T.N. Ninan, titled “Do-gooder economics and the Lokpal“. It got me thinking; by most economic logic, national carrier Air India should have been wound up ages ago. The carrier has annual losses crossing $1.4 billion (Rs.7,000 Crore) and accumulated debt now approaching $10 billion. Now, the government wants to inject …

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