If ‘support’ for the CPSEs constitute what has been done to bail out Air India, then it would defeat the very purpose of privatisation. The SJM has raised objections against the proposed disinvestment of Air India’s three wholly-owned subsidiaries, Air India Air Transport Services Ltd (AIATSL), Air India Engineering Services Ltd (AIESL) and Alliance Air Services Ltd (AASL). The Modi government’s disinvestment process has so far been running on sound lines. Similarly, in 2017-18, the government had mopped up a record of over Rs 1 lakh crore, against the target of Rs 72,500 crore. Keeping these accomplishments in mind, the government has set a disinvestment target of Rs 90,000 crore for the next fiscal year.

Source: dna June 11, 2019 01:30 UTC