Question : BORROWING OF MONEY AT AAI



(a) whether the Airports Authority of India has borrowed money at 15 per cent to 16 per cent per annum and is investing the same in fixed deposits at 8.55 per cent to 12.50 per cent;

(b) if so, how much loss has been caused to the Authority as a result thereof; and

(c) the action proposed to be taken against the officials responsible for it?

Answer given by the minister

- MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF CIVIL AVIATION( SHRI PRAFUL PATEL )

(a): No, Sir.

(b) & (c): Do not arise.