In big move, Centre may sell off 100% of Air India
Prime Minister Narendra Modi’s administration is ready to “re-examine” its privatization process, including a clause requiring a minority state stake in Air India Ltd., said Subhash Chandra Garg, a senior official in the Ministry of Finance. The government is considering various options and doesn’t intend to insist on keeping 24 percent of the company, he said.
Centre will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors. Image source: Reuters