Sunday, June 11, 2017

Govt forms committee to discuss possible privatisation of Air India

New Delhi: The government has stepped up its efforts to find a solution to save debt-ridden national carrier Air India. According to a report in Economic Times, the government has set up a Committee of Secretaries (CoS) to assess the possible privatisation of the country’s fourth largest domestic airline.

The report said that members of the committee will discuss the recommendations and ways before deciding the method of privatisation.

“This is the first step before a cabinet note on privatising Air India is floated by the aviation ministry. The committee will discuss the feasibility of ideas floated for AI privatisation and recommend the best idea, which can then form a part of the final cabinet note,” the daily quoted an Aviation Ministry official as saying.

The CoS will be headed by the Cabinet Secretary. Secretaries from Aviation and Finance Ministries, Department of Investment and Public Asset Management (DIPAM) and Department of Industrial Policy and Promotion are the other members of the panel.
10/06/17 India TV