{"id":443390,"date":"2021-10-20T08:36:15","date_gmt":"2021-10-20T03:06:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=443390"},"modified":"2021-10-20T09:00:57","modified_gmt":"2021-10-20T03:30:57","slug":"sale-of-air-india-will-constitute-an-important-milestone-imf-official","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sale-of-air-india-will-constitute-an-important-milestone-imf-official\/","title":{"rendered":"Sale of Air India will constitute an &#8216;important milestone&#8217;: IMF official"},"content":{"rendered":"<p>The International Monetary Fund on Monday said the sale of national carrier Air India will constitute an &#8220;important milestone&#8221; in India&#8217;s privatisation efforts.<\/p>\n<p>Tata group has emerged as the winning bidder for the loss-making Air India, and on October 11, a letter of intent (LoI) was issued to the group.<\/p>\n<p>&#8220;We welcome the recent agreement on the sale of Air India, which constitutes an important milestone,&#8221; Alfred Schipke, Director of IMF-STI Regional Training Institute and a former IMF India Mission Chief, told PTI in an interview.<\/p>\n<p>Earlier this month, the government accepted an offer by Talace Pvt Ltd, a unit of Tata group, to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of Air India&#8217;s debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund on Monday said the sale of national carrier Air India will constitute an &#8220;important milestone&#8221; in India&#8217;s privatisation efforts. Tata group has emerged as the winning bidder for the loss-making Air India, and on October 11, a letter of intent (LoI) was issued to the group. &#8220;We welcome the recent agreement on the sale of Air India, which constitutes an important milestone,&#8221; Alfred Schipke, Director of IMF-STI Regional Training Institute and a former IMF India Mission Chief, told PTI in an interview. Earlier this month, the government accepted an offer by Talace Pvt Ltd, a unit [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-443390","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=443390"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443390\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=443390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=443390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=443390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}