Friday, 15 June 2018

Government to give more concessions to private parties, to ensure the privatisation of Air India.

The government’s attempt to privatise Air India, by selling 76% of it’s shares had failed. There was no one to buy Air India. So, now, the government is trying to some how sell out Air India, by giving more concessions to the buyers. In tune with this, the government is proposing to sell all the 100% shares, instead of the earlier proposal to sell only 76% shares. It is needless to say that the government may come forward to give more and more concessions to the private companies, to ensure Air India’s privatisation.

[Source: Times of India dt. 12.06.2018