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Explained: Why Air India transfer to Tatas is delayed yet again?

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Explained: Why Air India transfer to Tatas is delayed yet again?

January 27 was set as the date to complete the handover of Air India to Tata Group, a delay from the previous end-December deadline. The target timeline for closing the deal was extended to the end of January after finalizing the airline’s balance sheet and obtaining the necessary approvals from global regulators.

What are the other steps to transfer the airline to Tatas?
The airline will share its balance sheet with Tata Group on Monday for a review, which is expected to be completed on Wednesday, according to an Air India official. After that, a handover is likely on Thursday (January 27). The closing date for the balance sheet is set for January 20.

Why was the transfer delayed in the first place?
On October 11, the centre issued a Letter of Intent (LoI) to Tata Group confirming its willingness to transfer 100% of the airline’s stake to the Mumbai-based conglomerate. At the time, the projected transfer schedule was set for the end of December. The date was extended to the end of January due to various pending approvals.

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Why is there a delay in finalizing the balance sheet?
A final balance sheet is being prepared and approved by various airline regulators, lenders and lessors. The balance sheet, which will be provided to Tata Group, is expected to account for Air India’s daily losses of Rs 200 crore until the deadline. Furthermore, the Indian Express reported on Sunday, citing a response from RTI, that various government departments and ministries had not made payments of Rs 278.49 crore to Air India as of October last year.

What fees do these dues cost?
According to the data, the pending amount includes Rs 2,447.8 crore from over 700 government ministries and ministries as of September 2021 and Rs 337.1 crore for various VVIP flights as of July 27, 2021.

This also includes the Prime Minister’s flight dues of Rs 7.2 crore and the President’s flight dues of Rs 614 crore. The airline has started recovering outstanding dues from various government departments and as of November 30, 2021, the airline has recovered Rs 3,038 crore.

Complete News Source : The Indian Express

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Following Guneet Monga, Priyanka Chopra serves as executive producer for the Oscar-nominated short film Anuja:”Inspiring Move: Following Guneet Monga, Priyanka Chopra Serves as Executive Producer for the Oscar-Nominated Short Film Anuja: ‘Very Proud'”

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Following Guneet Monga, Priyanka Chopra serves as executive producer for the Oscar-nominated short film Anuja:”Inspiring Move: Following Guneet Monga, Priyanka Chopra Serves as Executive Producer for the Oscar-Nominated Short Film Anuja: ‘Very Proud'”

Priyanka Chopra is extremely happy as she has come on board as an executive producer for Academy Award-shortlisted film Anuja, also backed by Guneet Monga.
Global star Priyanka Chopra is extremely happy as she has come on board as an executive producer for the Oscar-shortlisted film Anuja. Variety shared this update.

Anuja centers on the nine-year-old title character, who works in a back-alley garment factory with her older sister Palak. The narrative follows the young protagonist as she faces a decision that will impact both her future and her family.

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On being associated with the film, Priyanka said in a statement, “This beautiful film shines a spotlight on a subject that affects millions of children around the world, who are faced with the impossible decision between a future they cannot yet see and the immediate realities of their present.”

She said, “Anuja is a poignant, thought-provoking piece that makes us reflect deeply on the power of choices and how they shape the course of our lives. I am immensely proud to be associated with such a phenomenal and impactful project.”

The film was produced in collaboration with the Salaam Baalak Trust (SBT), a non-profit founded by Mira Nair’s family supporting street and working children, alongside Shine Global.

known for Academy Award-winning films War/Dance (2007) and Inocente (2012) – and Krushan Naik Films. Mindy Kaling is one of the producers on the film. Oscar winner Guneet Monga Kapoor has also boarded Anuja as a producer.

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This could be Monga’s third nomination at the Oscars. Her earlier projects, The Elephant Whisperers and Period: End of Sentence, won Oscars, bringing glory to Indian cinema.

A Story Close to the Heart

Anuja is a poignant tale about resilience, identity, and empowerment, centered around a young girl navigating societal challenges in her quest for self-discovery. Directed by a rising filmmaker, the short film has struck a chord with audiences and critics alike, making waves at various film festivals before earning its nomination for the Academy Awards.

Priyanka Chopra’s Legacy as a Producer

With Anuja, Priyanka continues her mission to spotlight underrepresented voices and meaningful narratives. She shared her admiration for the cast and crew of the film, saying, “It’s a collaborative effort, and every person involved in Anuja has poured their heart into it. I’m honored to be part of this journey.”

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Following Guneet Monga’s Footsteps

Priyanka’s move comes after Guneet Monga made history with The Elephant Whisperers, which won the Oscar for Best Documentary Short. Guneet’s success set a precedent for Indian filmmakers and producers, proving that stories rooted in Indian culture and values could resonate with a global audience. Priyanka’s involvement in Anuja further solidifies the growing presence of Indian creators on the international stage.

Critical and Audience Acclaim

Since its debut, Anuja has garnered widespread acclaim for its emotional depth and nuanced performances. Critics have praised its ability to tackle complex themes with sensitivity and authenticity. The film has already won several awards at international film festivals, further boosting its chances at the Oscars.

A Beacon for Future Collaborations

Priyanka’s involvement in Anuja is more than just a milestone for her career—it’s a beacon for future collaborations between Indian and international filmmakers. By lending her voice and resources to projects like this, she is creating opportunities for Indian talent to shine on a global scale.

As the Oscars approach, anticipation for Anuja continues to build. Whether it takes home the coveted trophy or not, the film’s nomination is a testament to the power of storytelling and the importance of representation.

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