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NEW DELHI, Sept 8 � The CAG has come down hard on the Civil Aviation Ministry over the decision to acquire 111 planes for Air India through debt, calling it �a recipe for disaster� and also on the merger of the two erstwhile state-run carriers, reports PTI.
The merger of Air India and Indian Airlines was described as �ill-timed� by Comptroller and Auditor General(CAG) which said this exercise was undertaken �strangely from the top (rather than by the perceived needs of both these airlines), with inadequate validation of the financial benefits�.
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