Disinvestment in PSUs : Govt may sell Air India in FY-2018
The government of India urge to sell its stake of flagship
carrier Air India this fiscal itself if it finds a suitable buyer.
The government also expects to meet its disinvestment target
as there are a number of companies in the pipeline.
Various companies including GIC, New India Assurance will go
for listing while strategic disinvestment of Pawan Hans and NPCIL will help
meet the government its ambitious target of Rs 72,500 crore for the current
Besides, the merger of HPCL and ONGC will also add to the
Earlier, a ministerial panel, headed by Finance Minister
Arun Jaitley, conducted a meeting to review the progress of strategic
disinvestment of various state-owned companies of key ministries.
The meeting was attended by Defence Minister Nirmala
Sitharaman, Civil Aviation Minister Ashok Gajapathi Raju, Urban Development Minister
Hardeep Singh Puri, Railways Minister Piyush Goyal, Commerce and Industry
Minister Suresh Prabhu, Chemicals and Fertilizers Minister Ananath Kumar and
Heavy Industry Minister Anant Geete.
As per the Budget documents, the government had budgeted to
raise Rs 72,500 crore through disinvestment in CPSEs in 2017-18, which is
higher than the Rs 45,500 crore raised in the current fiscal as per revised
Fiscal 2016-17 is the seventh year in a row when the
government would not be meeting the disinvestment target fixed in the Budget.
As much as Rs 56,500 crore was budgeted to be raised through
PSU disinvestment in 2016-17.
The government decided on strategic disinvestment in
loss-making Air India in June.
On June 28, the Cabinet Committee on Economic Affairs (CCEA)
had given its in-principle approval for strategic disinvestment of Air India
and five of its subsidiaries.