Thursday, June 29, 2017

Jaitley gives an in-principle approval for disinvestment in Air India

Finance Minister Arun Jaitley on Wednesday gave an in-principle approval for disinvestment in Air India. While addressing a press conference said that a group under his vigil shall be created to decide on the modalities of the matter on the request of the Civil Aviation Ministry.

"There was a proposal of civil aviation ministry of disinvestment of Air India, this has been given theoretical approval or an in-principal approval," said Jaitley.

"In its proposal the civil aviation ministry had urged to constitute a group under the finance minister which can decide on the concerning modalities of the same, the cabinet has accepted that. How much of it will be disinvested? Or the issues related to its debts, hotels will be later on decided by the constituted group," he added.
28/06/17 ABP Live