Testwale Logo


How long will it take for my account to be activated once the payment is made?

Once the payment is made, your account will be activated right away.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I reset my password?

For the users registered with their mobile number, follow the following steps for resetting your password: 1. You need to enter your mobile number on the log-in page. 2. Click "Forget Password", to get an OTP on your registered number. 3. Using the OTP received on your number, you can now reset your password.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I change the language of the article and quizzes?

We have a "Change Language" option in Test Series and Daily Quizzes. If you want the content (test and quiz) in Hindi/English language, go to Settings -> Change Language, to change your default language from Hindi to English or Vice-Versa.

I am unable to make payment for the pass.

In case of failure of a transaction before the amount deduction, we advise the student to try making the payment again. In case of transaction failure after amount deduction either access to the purchased product will be provided within few hours or we request the student to wait for 3 to 4 working days. The money will be credited back to his/her account.

I have made the payment but the tests are not unlocked.

Although rare, if so: You can directly mail us at [email protected] and we will resolve your issue.

What are all the payment methods allowed to buy a plan?

You can pay using: Credit Card/ Debit Card or Through: UPI and Netbanking.

What happens if I get disconnected during a test?

Don't worry! We auto-pause your test so, you can resume the test where you left. The test can also be manually paused by clicking on the "Pause" icon on the top left corner inside the timer circle. Please note: This function is not available in a Live Test.

What are the benefits of the subscription?

Here you will get access to test series and quizzes by top Educators. This will evaluate your learning and measure your progress.

Government seeks 62000 Crore for Air India

Tags: National News

  • The Government has sought Parliament’s nod to infuse ₹62,000 crore as supplementary grant to Air India Assets Holding Limited (created for disinvestment of Air India and its subsidiaries), for debt and other liabilities of Air India.
  • Air India Assets Holding Limited is a Government Owned special purpose vehicle (SPV). This company holds Air India’s debt, liabilities and some non-core assets such as land and buildings (worth 14718 Crore). This company was set up to clean the airline’s balance sheet ahead of its privatisation.
  • Out of this 62000 Crore, 28844 Crore is the net liability on government after privatisation whereas the rest 33105 Crore includes interest liabilities toward working capital and aircraft loans, lease rentals, owings to oil companies and to the Airports Authority of India. This is what the Government has provided for in the supplementary demand for grants

Air India Disinvestment 

On 25 October 2021 ,Government of India signed an agreement with Tata Group for selling off its entire 100% share in Air India to Talace Pvt Ltd, a wholly owned subsidiary of Tata Sons Pvt.Tata Group .

The deal was of Rs 18,000 crore of which Tata will pay Rs 2,700 crore to the government and Tata will take over the Rs 15,300 crore of the Air India debt .

The Government of India was to clear the rest of the debt  of Air India.

To meet these requirements the government of India is seeking Rs 63,000 from Lok Sabha .

Special Purpose Vehicle (SPV)

  • A special purpose vehicle (SPV) is a legal entity created by a parent company but managed as a separate organization. It is designed to isolate the financial risk of certain assets or ventures of the parent company. Companies create SPVs to securitize assets, make it easier to transfer assets (in case of Air India disinvestment), spread the risk of assets or new ventures, or protect assets from risks associated with the parent company.
  • Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt.

Supplementary Grant

  • Supplementary grant is the amount needed when the amount authorised by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.
  • These grants are presented and passed by the Parliament before the end of the financial year (1st April to 31st March)
  • Constitutional Provision: Article 115 pertains to supplementary, additional or excess grants.

Appropriation Act - 

  • Through this act, the government gets the power to withdraw funds from the Consolidated Fund of India for meeting the expenditure during the financial year.
  • As per article 114 of the Constitution, the government can withdraw money from the Consolidated Fund only after receiving approval from Parliament.
  • The Appropriation Bill is introduced in the Lok Sabha after discussions on Budget proposals and Voting on Demand for Grants.
  • The defeat of an Appropriation Bill in a parliamentary vote would lead to the resignation of a government or a general election.
  • Both the Finance bill and Appropriation bill are classified as Money bills but while the Finance Bill contains provisions on financing the expenditure of the government, an Appropriation Bill specifies the quantum and purpose for withdrawing money.

Please Rate this article, so that we can improve the quality for you -

Search By Tags

Committee Festivals of India Russia-Ukraine Sports National Economy/Finance International Relations Government Schemes Popular Defence Books and Authors Science and Technology Summits Economics/Business Awards Person in news State News Important Days Sports News International News National News
serablock login_ch-testwale