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Wednesday
May 2018
10:30 AM IST
News Headlines
Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr        CSK and SRH lock horns in Qualifier 1 for spot in IPL 2018 final        Belgium leave out Nainggolan for World Cup        Presence of Nipah virus confirmed in Kerala        Hirokazu Kore-eda's 'Shoplifters' wins Palme d'Or at Cannes        Cuba: 110 died in plane crash, 3 survivors 'critical'        Delhi knock Mumbai out with a thrilling 11-run win        
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Business News
Monetise Air India assets rather than selling stake: SJM to govt
 
New Delhi, Apr 19 (PTI) The RSS-affiliated Swadeshi Jagran Manch today opposed Air India's disinvestment in the "current form" and said the government should monetise the national carrier's assets for repayment of debt rather than selling its stake.

Swadeshi Jagran Manch (SJM) co-convener Ashwani Mahajan said Air India has operating profits, but is running into losses due to its debts.

"So rather than selling its stake in the national carrier, the government can reduce its (the carrier's) debt by selling off its land," he told PTI.

His remarks assume significance as they come days after RSS chief Mohan Bhagwat had categorically said that Air India should not be sold to a foreign buyer.

The Centre has invited 'expression of interest' to sell a 76 per cent stake and management control in the airline.

Mahajan said that the SJM is "opposed" to disinvestment of the national carrier in its "current form", asserting that the airline can be made profitable by repaying its debt.

He blamed the Congress for the sorry state of the airline and alleged that during the UPA's tenure, the profitable routes of the Air India were given to other airlines.

"Rather than selling stake in the company, the government should make the airline profitable and then if required explore the option of raising money from the markets by issuing its shares," Mahajan said.

The Indian government owns 100 per cent equity of Air India. The airline was founded in the 1930s and is commonly known for its Maharajah mascot.

The government has injected more than Rs 23,000 crore since 2012 to bail out the airline.


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KERALA NEWS
Kerala among 13 states on thunderstorm alert
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INTERNATIONAL NEWS
For the first time in 226, woman to lead the NYSE
 (New York, May 22, 2018):The New York Stock Exchange for the first time in its 226-year histo
Now, it's India vs Pakistan over Kishanganga project at World Bank
Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province
Venezuelan Prez Nicolas Maduro wins re-election
NATIONAL NEWS
No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal
 (New Delhi, May 22, 2018):In a comforting piece of news for air passengers, the government on
Gowda says he is not opposed to Shivakumar being made minister
Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case
BJP now down to 272 Lok Sabha seats from 2014 tally of 282
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