Cabinet gives ‘in principle’ approval for disinvestment of Air India and five of its subsidiaries 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD).

(i) ‘In principle’ approval for considering strategic disinvestment of Air India and five of its subsidiaries.

(ii) Constitution of an Air India-specific Alternative Mechanism headed by Minister of Finance including Minister for Civil Aviation and such other Minister(s) to guide the process on strategic disinvestment from time to time and decide the following:

  1. Treatment of unsustainable debt of Air India;
  2. Hiving off of certain assets to a shell company;
  3. Demerger and strategic disinvestment of three profit-making subsidiaries;
  4. The quantum of disinvestment; and
  5. The universe of bidders.

 

Explore More
140 crore Indians have taken a collective resolve to build a Viksit Bharat: PM Modi on Independence Day

Popular Speeches

140 crore Indians have taken a collective resolve to build a Viksit Bharat: PM Modi on Independence Day
PLI, Make in India schemes attracting foreign investors to India: CII

Media Coverage

PLI, Make in India schemes attracting foreign investors to India: CII
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Social Media Corner 21st November 2024
November 21, 2024

PM Modi's International Accolades: A Reflection of India's Growing Influence on the World Stage