Is the govt going slow on privatisation?
After offloading Air India in October last year, the government has now kicked off the process to sell its stakes in its subsidiaries which were not part of the deal. Air India has four subsidiaries which are Air India Airport Services Ltd, or AIASL, Air India Engineering Services Ltd, or AIESL, Alliance Air Aviation Ltd, and Hotel Corporation of India Ltd. And, the process to offload AIASL and AIESL is on.
The government is also moving ahead with the privatisation of IDBI Bank. DIPAM Secretary Tuhin Kanta Pandey has confirmed it this month, saying that the department would soon invite preliminary bids.
