The union also said that it is unfortunate that they (PSUs) are being sold in the name of resource mobilization to fund social spending
Officials said Ministry of External Affairs will make a request to the Chinese authorities for evacuation of Indian nationals, mostly students, stuck in Wuhan city.
Despite better terms, finding a buyer may still be a challenge
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The govt has announced it would absorb 30% more in debt and liabilities, than in the previous year
After failing to attract a single bid in 2018, the government has this time sweetened the offer.
This is the second time in less than two years that the government has come out with proposal for selling stake in Air India
Prospective buyers can now sell off the airline after a year, require reduced net worth to be eligible and don't need to have shown profits in the past to be eligible for bidding
From government announcing a 100 per cent stake sale in Air India to a new case of Coronavirus in India here are today's top headlines
Ashwani Lohani said Air India does not have 'excess staff' and the retiring employees' medical benefits issue is being sorted out
The government would soon be appointing a technical and a legal advisor for carrying out the due diligence.
There are around a dozen recognised trade unions at Air India
March 17 is deadline for submissions of initial expressions of interest; any bidder would have to agree to assume roughly $3.26 billion in debt.
Congress' strategy group will meet at interim chief Sonia Gandhi's residence here on Monday to discuss the party strategy in the session
Sale of tickets for the additional flights is already enabled on the carrier's web site.
NY-based fund wants govt to include maintenance unit in deal
China has already ordered all travel agencies to suspend sales of domestic and international tours beginning Friday
Air India has only one direct flight to China and it runs on Delhi-Shanghai route
Air India has been in the red for long and the government is now in the process of finalising the contours for its disinvestment
The panel has been set up a day after discussions between Civil Aviation Minister Hardeep Singh Puri and representatives of various Air India unions