Here are some more announcements made by the finance minister during the presentation of the Union Budget in Parliament today.
Gustav Baldauf, an Austrian national was served a show-cause notice last week, seeking explanation of his statements that it was a difficult environment to work as the government played "too prominent a role in the (airline's) operations"
New Delhi: Air India's chief operating officer Captain Gustav Baldauf resigned today, days after being served a show-cause notice over his reported remarks about political interference in the airline's day-to-day affairs, reports PTI.
Mr Baldauf, who was served the notice on Wednesday, put in his papers this morning, an airline spokesperson told PTI.
The Austrian national, who earlier worked in senior capacities in several airlines including Jet Airways and Austrian Airlines, was asked to explain his statements that it was a difficult environment to work as the government played "too prominent a role in the (airline's) operations".
"When you call someone from outside, let him work. The government should control but let him work. It should not be involved in day-to-day operations", Mr Baldauf was quoted as saying.
Following the remarks which the airline had taken serious note of, he had a meeting with civil aviation minister Vayalar Ravi where the issue was understood to have figured.
Mr Baldauf had also expressed annoyance at the removal of Captain Pawan Arora as the COO of Air India Express, saying it would affect the turnaround plan of the ailing national carrier.
After Mr Baldauf's appointment last April, the Air India Board had appointed Mr Arora as also Stefan Sukumar as the chief training officer on a hefty pay package. Mr Sukumar put in his papers recently after the Directorate General of Civil Aviation had raised objections to the status of license as CTO.
Mr Baldauf was appointed at an annual salary package of Rs3 crore with the mandate to implement Air India's turnaround plan.
Taking a tough line, the civil aviation minister has made it clear that the ministry would evaluate the performance of Air India's top management by carrying out their performance review on a regular basis.
With a market share of 15.8% in January this year, down from 18% in the same period last year, the flag carrier today stands at the fourth position after Jet Airways, Kingfisher and budget carrier IndiGo.
FM sets disinvestment target of Rs40,000 crore, proposes new bank licences for private players this year and speeding up of pending bills
New Delhi: A disinvestment target of Rs40,000 crore for 2011-12, bank licenses to new private sector players and speeding up of various pending financial sector bills were among the highlights of the proposals in the Union Budget for 2011-12, presented by finance minister Pranab Mukherjee in Parliament today. Following are some of the major announcements Mr Mukherjee made during his Budget speech, PTI reports