Cabinet Approves ATF Price Stabilization Fund for Indian Airlines
The Union Cabinet, led by Prime Minister Narendra Modi, has sanctioned a one-time financial support up to Rs.10,000 crore for Oil Marketing Companies to aid Scheduled Indian Airlines by stabilizing Aviation Turbine Fuel (ATF) prices amid volatile market conditions due to the West Asia crisis. This initiative seeks to ensure stable airline operations and promote economic sustainability across sectors linked to aviation.
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