Govt to go ahead with Air India Disinvestment
Jun 27th, 2019 11:20 pm | By ThenewsmanofIndia.com | Category: LATEST NEWS(THE NEWSMAN OF INDIA)
In a meeting on 28th June 2017, the Cabinet Committee on Economic Affairs had in-principle approved the consideration for strategic disinvestment of Air India & its five subsidiaries. An Air India Specific Alternative Mechanism (AISAM) was constituted by CCEA for this.
In an AISAM Meeting held on 28th March 2018, which is last year, it was decided that due to issues like volatile crude oil prices & adverse fluctuations in exchange rates, the atmosphere was not conducive for the disinvestment. But this was last year.
However, continued support from the govt had resulted in improvement of financial & operational performance of Air India. As per the recommendations of AISAM, the govt will now go ahead with the process of disinvestment of the company.
Government News
- JNPA Witnessed 13.12% YTD Growth, 11.86% Growth in Oct. 2024 11/05/2024
- NBCC SIGNS MoU WITH POWERGRID CORPORATION OF INDIA FOR RENOVATION WORKS 11/04/2024
- H.S. Puri inaugurates India Pavilion at ADIPEC 2024 in Abu Dhabi 11/04/2024
- BEML Ltd. Honoured with ‘Self-Certification’ Status, Reinforcing Commitment to Aatmanirbhar Bharat 11/04/2024
- DISCLOSURE FOR NOVEMBER 2024 11/04/2024