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PM Modi gave big responsibility to Ratan Tata, became the trustee of PM Care Fund; other people involved

Ratan Tata, a renowned industrialist in India and the chairman of Tata Sons, has been given a significant duty by Prime Minister Narendra Modi by becoming a trustee of the Prime Minister’s Care Fund. In addition to Ratan Tata, KT Thomas, a former Supreme Court justice, and a former deputy speaker of the Lok Sabha has reportedly been named trustee of the PM Cares Fund.

New people included

Major national figures have reportedly been nominated for the advisory council by the media. It is revealed that the advisory board also includes former Indicorps CEO Anand Shah, former Infosys Foundation chair Sudha Murthy, former CAG Rajiv Mehrishi, and former CEO of the Piramal Foundation.

#JustIn | #PM Modi (@PMOIndia) chairs meeting of Board of Trustees of PM CARES Fund. Justice KT Thomas, Karia Munda, Ratan Tata, Join as Trustees#PMCARES #PMModi pic.twitter.com/nuGNOA2Hga
— CNBC-TV18 (@CNBCTV18Live) September 21, 2022

Prime Minister chairs decision

Prime Minister Modi presided over Tuesday’s Board of Trustees meeting. Nirmala Sitharaman, the union home minister, and the prime minister attended the meeting. Please be informed that new PM Care Fund members were chosen at the conference itself. Additionally present at the meeting where all of the newly elected members. Prime Minister Modi greeted all recently elected trustees and members. During the Corona pandemic, the PM Care Fund was established as a means of immediate help. In charge of this fund is the Prime Minister.

10,990 crore fund

The PM Care Fund, established to address catastrophes like the Covid-19 pandemic, has expanded about three times in the fiscal year 2020–21, according to statistics provided on behalf of the audit. The current total is Rs 10,990 crore. The expenditure from this fund has also climbed three times, reaching Rs 3,976 crore, in the same period. include about Rupees 1,392 crores for the acquisition of Covid vaccinations and Rupees 1,000 crores for the welfare of migrants.

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Know who is Ilker Ayci, who has been appointed as the new head of Air India

Ilker Ayci, the chairman of Turkish Airlines, is the new MD and CEO of Air India. Tata Sons have appointed this person after taking over Air India’s management. This decision was made by the company’s Board of Directors on Monday. The chairman of Tata Sons, N Chandrasekaran, was a special invitee to the meeting. The company has said this appointment is awaiting regulatory approval.

Who is Ilker Ayci?

Turkish Airlines chairman and board member are Ayci. Ilker Ayci is a 1971 graduate of Bilkent University’s Department of Political Administration. His Master’s degree in International Relations was earned in 1997 at Marmara University.

Ilker Ayci to take over from April 1

Ilker Ayci will take over as the new CEO and MD of Air India on April 1. Air India is described by Ayci as an ‘iconic airline’. As for Ayci, joining the Tata Group and leading the airline would be an honor. Ilker Ayci states, “Working with my colleagues at Air India and the leaders of the Tata Group.” Our goal is to make Air India the best airline in the world by utilizing its legacy. “Transform your travel experience into a memorable and immersive one, reflecting the warmth and hospitality of India.”

Tata Sons’ chairman said this special thing

N Chandrasekaran noted that Ilker Ayci is the leader of the aviation industry who elevated Turkish Airlines to its present position. Having Ilker Ayci as Air India’s new CEO will be a great boost for Tata Group.

Air India is now under the control of Tata Sons

The Tata Group assumed control of the airline on 27 January. In an earlier announcement, DIPAM’s secretary had confirmed that Talace will become the new owner of Air India and that the government received the entire amount of Rs 2,700 crore.

Tata Sons wins Air India bid by paying the highest price

Tata group will take over control of the government-owned airline Air India. During the sale process for Air India, Tata Sons won the auction by paying the highest price.

Among the bidders was Tata Group for Air India and Ajay Singh from SpiceJet. Governments are selling stakes in Air India for the second time in a row. An attempt was made in 2018 to sell 76 percent of the company by the government, but no response came in.

According to sources, Air India’s disinvestment process will be completed by December 2021. Tata Sons can take over this company by December. Air India had been invited to submit financial bids. The government has also disinvested in this project. The government will also sell its 50 percent stake in ground handling firm AISATS in addition to selling its 100 percent stake in Air India and Air India Express.

Air India was founded by the Tata Group in 1932. It was started by JRD Tata, a very skilled pilot who belonged to the Tata Group.

During World War II, the general aviation industry was established in India, then became a public sector company when it was renamed Air India.

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As soon as the country gained independence in 1947, there was a need for a national airline, and the Government of India acquired a 49 percent stake in Air India.

A few years later, in 1953, the government of India passed the Air Corporation Act and acquired the majority stake in the company from Tata Group. As a result, Air India became a government company.