The Union Cabinet is likely to take up the matter of privatisation of six airports including Amritsar, Indore, Ranchi, Trichy, Bhubaneshwar, and Raipur in its next meeting on Wednesday. After the cabinet approval, the bidding process will begin soon. The meeting held in May to review the divestment and privatisation status with the PMO directing the process for Cabinet approval to completed within three months. The three-month deadline ended on August 15 and the first Cabinet meeting after it will be held on August 19. Civil Aviation Minister Hardeep Singh Puri said on Tuesday that the ministry will place a proposal for "further" privatisation of airports before the Union Cabinet on Wednesday.

Source: dna August 18, 2020 14:26 UTC