A sale of Air India, which hasn’t made money since its merger with Indian Airlines more than a decade ago, would boost Modi’s credentials as a reformer taking the state away from businesses.
Cabinet Committee on Economic Affairs (CCEA) had in-principle approved the consideration for strategic disinvestment of Air India and its five subsidiaries.
The incident allegedly took place on 22 June, and Captain Rohit Bhasin, who comes from a family of commanders, has been placed on suspension pending inquiry.
The Enforcement Directorate had earlier registered a criminal complaint against Patel in which it alleged irregularities in fixing air slots for international airlines leading to losses for Air India.
Former civil aviation minister and NCP leader Praful Patel has not been listed as an accused in the money-laundering probe related to the losses suffered by national carrier Air India.
An Air India pilot has moved the Delhi High Court over his suspension stating that his treatment for his hair fall caused a false positive for alcohol in his breath analyser test.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
There should be a sense of realism when it comes to Air India. A more difficult enterprise to dispose of than Jet Airways. There is no point retaining, say, one third of the shares, for disposal at a later date, when valuations might improve. That worked well for Hindustan Zinc. The tough decision the government needs to take is, We will provide no more budgetary support, under any circumstances. If that results in the enterprise shutting down, So be it. All bank liabilities would be honoured by the government, and all employees would be given a reasonable VRS package. Assets would in that case be sold piecemeal.
There should be a sense of realism when it comes to Air India. A more difficult enterprise to dispose of than Jet Airways. There is no point retaining, say, one third of the shares, for disposal at a later date, when valuations might improve. That worked well for Hindustan Zinc. The tough decision the government needs to take is, We will provide no more budgetary support, under any circumstances. If that results in the enterprise shutting down, So be it. All bank liabilities would be honoured by the government, and all employees would be given a reasonable VRS package. Assets would in that case be sold piecemeal.