Govt bites The Bullet On Air India Privatisation
Clearing the path for privatisation of the debt-ridden Air India, the Union Cabinet today gave an in-principle approval for disinvestment of the government-run airline. The Civil Aviation Ministry's proposal for formation of a group under the chairmanship of the Finance Minister to decide the modalities of divestment process has also been accepted. Jaitley said that the members of the panel will be decided by the Prime Minister.