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Air India Sale - Another Scam: BJP MP
By: Tupaki Desk | 1 April 2018 6:16 AM GMT
BJP MP Subramanian Swamy didn't hesitate to take potshots at the NDA Government over the sale of Air India. 'The proposed sale of Air India is potentially another scam in the making. Selling family silver is not divestment. I am watching who is doing what and will, if I see culpability, file a private criminal law complaint,' he cautioned.
Even West Bengal CM Mamata Banerjee objected to the sale of Air India, which she described as the jewel of the nation. She demanded for the withdrawal of the bidding process saying Government must not be allowed to sell our nation.
In June last year, Cabinet Committee on Economic Affairs (CCEA) offered consent to the disinvestment of Air India which has a debt burden of close to Rs 60,000 crore. Air India Specific Alternative Mechanism (AISAM) was set up to take a call on certain issues related to offering stake to private players.
Recently, Civil Aviation Ministry invited bids for the sale of 76 percent stake in Air India to overcome the debts with privatization. Bidding will be accepted until May 14th this year. Government informed companies which participate in the sale process need to have a minimum aggregate net worth of Rs 5,000 crore.
Even West Bengal CM Mamata Banerjee objected to the sale of Air India, which she described as the jewel of the nation. She demanded for the withdrawal of the bidding process saying Government must not be allowed to sell our nation.
In June last year, Cabinet Committee on Economic Affairs (CCEA) offered consent to the disinvestment of Air India which has a debt burden of close to Rs 60,000 crore. Air India Specific Alternative Mechanism (AISAM) was set up to take a call on certain issues related to offering stake to private players.
Recently, Civil Aviation Ministry invited bids for the sale of 76 percent stake in Air India to overcome the debts with privatization. Bidding will be accepted until May 14th this year. Government informed companies which participate in the sale process need to have a minimum aggregate net worth of Rs 5,000 crore.
