Home Minister amit shah will head a reconstituted group of ministers (GoM) on Air india disinvestment. Transport Minister Nitin Gadkari has been dropped from the panel. The panel, which is to work out the modalities for sale of Air india, will now have four ministers, amit shah, Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.
The reasons of bid failures cited include the government retaining 24 per cent stake and corresponding rights, high debt, volatile crude oil prices, fluctuations in exchange rate, changes in macro environment and restriction on bidding by individuals. Now, the Department of Investment and Public Asset Management (DIPAM) has already prepared a fresh proposal for Air india sale, incorporating issues like crude oil prices and exchange rate volatility, and other issues flagged by EY last year.
The government, sources said, could this time sell its entire 100 per cent stake in Air india as it aims to conclude the sale process by December 2019.
AirAsia India introducing additional flights from September 20, 2019 AirAsia India on August 20 announced its plans to expand network by introducing daily flights between New Delhi and Chennai, Tamilnadu. The launch fare for the booking is Rs 3,499. While the sale for booking is scheduled to go live on August 20, 2019, the inaugural flight between the two destinations is set to take off on September 20, 2019.
- Income tax officials able to use manual communication with assessee only in exceptional cases
- Will filing Income tax & GST return date is extended for J&K traders?
- SC ready to hear petitions against repeal of Article 370
- Employees of beleaguered Jet Airways demands future of the airline and salaries
- India should penetrate global markets, NITI Aayog CEO Amitabh Kant
- Gold prices crossed Rs 38,000-mark for the first time
- Why Rs.1000 notes gone away after demonetization?
- Liquidation of a company is not the sole agenda of the Insolvency and Bankruptcy Code
- New Changes in standardize filing of tax returns
- Always avoid filing inflated returns in order to steer clear of trouble
- RBI to cut Interest rates again in August
- Increase in government borrowing runs the risk of flooding the debt market: RBI Deputy Governor
- Govt tells Air India to freeze all activities
- Home Minister Amit Shah to lead a group of ministers on divestment of Air India
- Pakistan opened its airspace for all commercial airlines