• Home
  • Business
More

    Aviation Ministry reviews progress on Air India sale

    Today's Latest

    Smriti Irani along with Bill Gates launch Bharatiya Poshan Krishi Kosh

    New Delhi, Nov 18 (ANI): Union Minister of Women and Child Development (WCD) and Textiles, Smriti Irani, along with...

    Yogi government is planning to change name of Agra city to Agravan

    Lucknow, Nov 18 (IANS) After changing the names of Allahabad to Prayagraj and Mughalsarai to Deen Dayal Upadhyaya Nagar, the...

    Justice Bobde takes oath as 47th Chief Justice of India

    New Delhi, Nov 18 (IANS) Justice Sharad Arvind Bobde on Monday was sworn in as the Chief Justice of the...

    Popular Today

    Can’t have greats of Indian cricket play in front of empty stands: Ganguly

    Kolkata, Nov 17 (IANS) BCCI President Sourav Ganguly said on Sunday that skipper Virat Kohli will be happy to see...

    IAAF will now be known as World Athletics

    New Delhi, Nov 17 (IANS) The International Association of Athletics Federations (IAAF) will now be known as World Athletics, a...

    Auditors doubting over NDTV’s ability to continue

    New Delhi, Nov 18 (IANS) NDTV's auditors are of the view that there is a significant doubt on the ability...
    India Updates
    India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

    Air India Saga: new EoI for divestment likely by NovemberNew Delhi, Oct 18 (IANS) Moving fast on the proposed sale of Air India, the parent Civil Aviation Ministry on Friday reviewed the progress made by the airline on various aspects related to its strategic disinvestment.

    Aviation Secretary Pradeep Singh Kharola chaired the meeting and directed Air India officials to complete the unfinished tasks related to financials and employees.

    - Advertisement -

    Among the financial issues on the agenda of the meeting was preparation of business plan and transferring of debt to the SPV.

    “The meeting touched upon various issues but no decision was taken,” said an official source.

    Employee-related issues such as gratuity and leave encashment, free passage and treatment of employees on inter-entity deputation within the Air India group figured among key discussion points.

    After it failed to privatise the national carrier last year, the Modi government has made the disinvestment a priority now and plans to complete the task by the end of this financial year.

    Surviving on Rs 30,000 crore bail-out package cleared during UPA-II government in 2012, the airline is facing a tough financial challenge again.

     

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Must Read

    Weak governance in PSBs resulting in high NPAs: Shaktikanta Das

    Ahmedabad/New Delhi, Nov 16 (IANS) Reserve Bank of India Governor Shaktikanta Das on Saturday called for strong corporate governance culture...

    Yogi government is planning to change name of Agra city to Agravan

    Lucknow, Nov 18 (IANS) After changing the names of Allahabad to Prayagraj and Mughalsarai to Deen Dayal Upadhyaya Nagar, the Yogi Adityanath government in Uttar...

    Justice Bobde takes oath as 47th Chief Justice of India

    New Delhi, Nov 18 (IANS) Justice Sharad Arvind Bobde on Monday was sworn in as the Chief Justice of the Supreme Court of India by...

    ‘Make in India’ hub Noida to churn over 30 cr mobiles in 5 yrs

    Noida, Nov 17 (IANS) The pace at which mobile manufacturing activity is growing in the Noida/Greater Noida area owing to the "Make in India" initiative,...

    Hindu, Muslim litigants against AIMPLB’s Ayodhya review plea

    Ayodhya, Nov 17 (IANS) The Hindu and Muslim litigants in the Ayodhya case have opposed the All India Muslim Personal Law Board's decision to file...

    More Articles Like This