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Monday
September 2017
9:53 AM IST
News Headlines
Rahul 'thanks' Sushma for recognising Cong legacy        Bangla govt dismisses reports about plot to kill Hasina        India beat Aus by 5 wkts to clinch ODI series, grab No. 1 spot        Pak's UN envoy tries to pass off Gaza image as Kashmir        Kerala minister Thomas Chandy rejects encroachment charges; opposition press for resignation        Shiv Sena takes to streets against inflation, fuel price hike        Journalist KJ Singh, mother found dead: Punjab Police sets up SIT to probe case, IJU condemns the murder        We created institutions of excellence, Pakistan created terror factories: Sushma at UN General Assembly        Early count puts Bill English ahead in New Zealand election        Another powerful aftershock jolts Mexico with 6.1 magnitude        Pakistan name five upcapped players in 16-man squad for Sri Lanka Tests        Rajasthan's 'Falahari Baba' arrested for rape        LDF entry of BDJS: : Kanam breaks silence        Chandy issue: Achuthanandan takes a dig at Pinarayi        Malappuram genital chopping case: Police confused        Injustice being done, says Manju        Thomas Chandy alleges conspiracy in encroachment row        Medium-intensity earthquake in Kashmir Valley        IRCTC denies reports of some banks cards barred for payment        We don't indulge in vote bank politics: Modi        
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Business News
Par panel seeks details on Air India disinvestment decision
 
New Delhi, Jul 5 (PTI) A Parliamentary panel is understood to have sought details from the government on the Air India disinvestment decision.

Sources said the government's decision to divest stake in Air India was discussed today at the meeting of the Department-related Parliamentary Standing Committee on Transport, Tourism and Culture.

After the discussion, it was decided to seek an explanation on the reasons behind the disinvestment decision from the civil aviation ministry. The aviation secretary is believed to have been asked to appear before the panel on July 12, sources said.

On June 28, the Cabinet Committee on Economic Affairs gave its in-principle approval for the disinvestment of Air India, which has been in the red for long.

During the panel's meeting today, sources said the issue of Air India was raised by Congress member and former Minister of State for Civil Aviation K C Venugopal.

A group of ministers, headed by Finance Minister Arun Jaitley, would be looking into various aspects of Air India.

It would look into the treatment of unsustainable debts of the national carrier, hiving off certain assets to a shell company and de-merger and strategic disinvestment of three profit- making subsidiaries.

Air India, which has a debt burden of more than Rs 52,000 crore, is staying afloat on taxpayers' money. The previous UPA government had extended bailout package worth little over Rs 30,000 crore to the national carrier for a ten-year period starting from 2012.


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KERALA NEWS
LDF entry of BDJS: : Kanam breaks silence
 (Malappuram, Sep 23, 2017, DG): CPI State Secretary Kanam Rajendran today invited BDJS into t  
Chandy issue: Achuthanandan takes a dig at Pinarayi
Malappuram genital chopping case: Police confused
Injustice being done, says Manju
INTERNATIONAL NEWS
Bangla govt dismisses reports about plot to kill Hasina
 (Dhaka, Sep 24, 2017):The Bangladesh government today dismissed as "baseless" media reports t
We created institutions of excellence, Pakistan created terror factories: Sushma at UN General Assembly
Early count puts Bill English ahead in New Zealand election
Another powerful aftershock jolts Mexico with 6.1 magnitude
NATIONAL NEWS
Rahul 'thanks' Sushma for recognising Cong legacy
 (New Delhi, Sep 24, 2017):Congress vice president Rahul Gandhi today thanked External Affairs
Shiv Sena takes to streets against inflation, fuel price hike
Journalist KJ Singh, mother found dead: Punjab Police sets up SIT to probe case, IJU condemns the murder
Rajasthan's 'Falahari Baba' arrested for rape
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