Cabinet gives in principle approval for Air India disinvestment with 5 of its subsidiaries on recommendations of Core Group of Secretaries on Disinvestment
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD).
(i) ‘In principle’ approval for considering strategic disinvestment of Air India and five of its subsidiaries.
(ii) Constitution of an Air India-specific Alternative Mechanism headed by Minister of Finance including Minister for Civil Aviation and such other Minister(s) to guide the process on strategic disinvestment from time to time and decide the following:
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