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Cabinet gives ‘in principle’ approval for disinvestment of Air India and five of its subsidiaries 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD).

(i) ‘In principle’ approval for considering strategic disinvestment of Air India and five of its subsidiaries.

(ii) Constitution of an Air India-specific Alternative Mechanism headed by Minister of Finance including Minister for Civil Aviation and such other Minister(s) to guide the process on strategic disinvestment from time to time and decide the following:

  1. Treatment of unsustainable debt of Air India;
  2. Hiving off of certain assets to a shell company;
  3. Demerger and strategic disinvestment of three profit-making subsidiaries;
  4. The quantum of disinvestment; and
  5. The universe of bidders.

 

'মন কী বাত'কীদমক্তা হৌজিক অদোমগী ৱাখল্লোন অমদি তান-ৱাশিং শেয়র তৌবীয়ু!
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PM calls citizens to take part in mementos auction
September 19, 2021
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The Prime Minister, Shri Narendra Modi has called citizens to take part in the auction of gifts and mementos. He said that the proceeds would go to the Namami Gange initiative.

In a tweet, the Prime Minister said;

"Over time, I have received several gifts and mementos which are being auctioned. This includes the special mementos given by our Olympics heroes. Do take part in the auction. The proceeds would go to the Namami Gange initiative."