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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; 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Air India crash: Kin of 15 victims decline belongings; ₹1 cr ex gratia paid to 91% families
By PTI · 2026-06-12 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Wreckage of the crashed Air India plane being lifted with a crane, in Ahmedabad, Gujarat, June 14, 2025.

Wreckage of the crashed Air India plane being lifted with a crane, in Ahmedabad, Gujarat, June 14, 2025. | Photo Credit: KUNAL PATIL

Families of 15 of the 260 persons killed in last year’s Air India plane crash in Ahmedabad have declined to collect the personal belongings of their loved ones, the Tata Group, which owns the airline, said on Friday.

Ex-gratia payments of ₹1 crore have been disbursed to 91 per cent of the families of the deceased, with remaining cases primarily constituting of situations in which documentation is incomplete, or where families have declined to accept payment, it said in a statement.

Air India has provided an interim payment of ₹25 lakh each to the families of the deceased to help address immediate financial needs. Interim compensation has been paid to families of 96 per cent of the deceased. The remaining cases are primarily those where documentation is incomplete or where there are ongoing family disputes, it said.

In terms of personal belongings of the deceased, the process of returning them was carried out "with utmost respect, dignity and accuracy," the Tata Group said.

Over 22,000 personal belongings were preserved and listed and families received information about each of these items through email, and a dedicated website was established, it added.

"Families of 15 of the deceased have declined to take the personal belongings," it said.

"Of the associated personal belongings pertaining to 187 deceased, personal belongings have been returned for 139 deceased in India and in the UK, with remaining cases primarily constituting situations in which documentation is incomplete, or where families have declined to accept personal belongings," it said.

Associated personal belongings are items that could be confidently linked to an individual based on documentation, labelling, location of recovery, or verified identifiers. Each of these items has undergone multiple layers of checking to ensure that the final set being returned to relatives is accurate and complete, the company said.

"Of the unassociated personal belongings pertaining to 77 deceased, personal belongings have been returned to families of 60 deceased in India and in the UK, with remaining cases primarily constituting of situations in which documentation is incomplete, or where families have declined to accept personal belongings," it further said.

Unassociated personal belongings are those that could not be directly linked to any specific individual. These may include belongings without names, or objects recovered in a manner that did not allow us to link them conclusively to an individual.

Belongings have been handed over physically and personally in a manner that honours families' grief and privacy. The process has been carried out after taking appropriate regulatory clearances, the Tata Group said.

Of the 25 digital devices recovered, 16 have been returned to the respective families, with remaining cases primarily constituting situations in which documentation is incomplete, or where families have declined to accept them, it added.

The company said the ex gratia of ₹1 crore was announced as part of Tata group's philanthropic commitments and went beyond legal compensation requirements.

It further said 94 per cent of those who were injured on the ground have either got one-time full and final compensation or interim compensation, based on the nature of injury incurred and any loss of livelihood. The remaining individuals collected a form from the helpdesk after the crash, but have since not submitted them.

"With most of the interim payments having been disbursed, Air India begun the process for final compensation and is engaging with families. Families or individuals have absolutely no deadline or pressure to accept our offer within a set timeframe," the company said.

In the aftermath of the crash, Tata Sons had set up the AI171 Memorial and Welfare Trust to support the victims.

The company said a team of over 500 volunteers from 17 Tata Group companies, including 130 from Air India, were at the crash site to provide instant, on-the-ground support.

Each victim family was assigned at least one dedicated, trained caregiver from its special assistance team to provide 24/7 support, it said.

"This included offering support throughout the DNA identification process, facilitating transportation and accompanying families to funerals," the company said.

Published on June 12, 2026