New Delhi, Jul 18 (PTI): Tata Group on Friday announced setting up a Rs 500-crore trust - The AI-171 Memorial and Welfare Trust - for the victims of the Air India plane crash that killed 260 people in Ahmedabad last month.

Tata Sons and Tata Trusts have committed Rs 250 crore each to the Trust, which has been registered as a public charitable trust in Mumbai.

"The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident," Tata Sons said in a statement on Friday.

Besides, the Trust will provide aid and assistance for alleviation of any trauma or distress suffered by the first responders, medical and disaster relief professionals, social workers and governmental staff who provided invaluable institutional support and service in the aftermath of the accident.

A five-member board of trustees will manage and administer the Trust. S Padmanabhan, a former Tata veteran, Sidharth Sharma, Tata Sons' General Counsel, have been appointed as trustees and the three other trustees will be appointed shortly.

The philanthropic objects of the Trust include ex-gratia payment of Rs 1 crore for those deceased, medical treatment of those who suffered serious injuries, and support for rebuilding the B J Medical College Hostel infrastructure in Ahmedabad, which was damaged in the accident.

According to the statement, the Trust will be funded and will commence its work in all earnestness after necessary registration with the tax authorities and other operational formalities, currently underway, are completed," the statement said.

On June 12, an Air India plane, en route from Ahmedabad to London, crashed into a building soon after takeoff, killing 260 people, including 19 on the ground. Out of the 242 people who were onboard the ill-fated Boeing 787-8 aircraft, only one passenger survived.

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Kozhikode: There are strong indications that Nimisha Priya’s death sentence in Yemen may be revoked following significant progress in recent mediation talks. According to mediators, the family of the deceased Yemeni national Talal, who was killed, has agreed in principle to pardon Nimisha.

A press release from the office of Kanthapuram A.P. Aboobacker Musliyar stated that some crucial decisions have been taken in the case. The developments follow high-level negotiations involving a delegation of Yemeni scholars appointed by Habib Umar bin Hafiz, a prominent scholar from Tarim, along with officials from northern Yemen and international diplomatic representatives.

Further discussions with Talal’s family are expected to finalise the terms, especially concerning compensation and legal formalities.

It may be recalled that Nimisha was scheduled to be executed on July 16. However, following the intervention of Kanthapuram A.P. Aboobacker Musliyar, the execution was temporarily postponed on July 15.