Cabinet approves disinvestment of AI, its 5 subsidiaries

Speed Post News Network

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

It gave ‘in principle’ approval for considering strategic disinvestment of Air India and five of its subsidiaries and constitution of an Air India-specific Alternative Mechanism headed by Finance Minister and comprising Minister for Civil Aviation and such other Minister(s) to guide the process on strategic disinvestment from time to time, according to a PIB report.