New Delhi: Acknowledging difficulties in privatisation efforts for public enterprises, the Economic Survey today said there is still a commitment to make the "perennially unprofitable public sector airline" a 'world class' entity.
Citing civil aviation as an example, the survey said privatisation of public enterprises remains difficult even for firms with a strong case to be privatised, though the reform talks in the sector is animated by discussions of as much "an interventionist as liberalising spirit" as reflected in restrictions on pricing.
Without mentioning directly, the apparent reference is to national carrier Air India - which is staying afloat on a Rs 30,000 crore financial package extended by the government for a ten-year period ending 2021-22.
While there have been clamours to privatise the airline, government has so far desisted from taking a view in this regard.
31/01/17 PTI/Economic Times
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Citing civil aviation as an example, the survey said privatisation of public enterprises remains difficult even for firms with a strong case to be privatised, though the reform talks in the sector is animated by discussions of as much "an interventionist as liberalising spirit" as reflected in restrictions on pricing.
Without mentioning directly, the apparent reference is to national carrier Air India - which is staying afloat on a Rs 30,000 crore financial package extended by the government for a ten-year period ending 2021-22.
While there have been clamours to privatise the airline, government has so far desisted from taking a view in this regard.
31/01/17 PTI/Economic Times
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