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CCEA has given 'in principle' approval for AI disinvestment, Minister tell RS

CCEA has given 'in principle' approval for AI disinvestment, Minister tell RS

New Delhi, Jan 02 (UNI) The government said on Tuesday that the Cabinet Committee on Economic Affairs (CCEA) had given ``in principle' approval in June for considering strategic disinvestment of Air India and its five subsidiaries and constitution of Specific Alternative Mechanism to guide the process from time to time.

A group of ministers with representation from the ministries of Finance, Commerce and Industries, Road Transport, Highways and Shipping and Railways was looking into it, the Minister for Aviation Ashok Gajapathi Raju Pusapati told the Rajya Sabha here.

When asked details about the proposal, the Minister said the government was open to take on board any suggestions that come on the procedure.

In its written reply, the Ministry said that Air India had been incurring continuous losses and has huge accumulated losses. The national airlines had incurred a (provisional) loss of Rs 3643 crore in 2016-17 which was projected provisionally at Rs. 3579 crore in 2017-18 Budget Estimates.

UNI GP

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Two Central varsities not providing reservation to SC, ST: Govt

10 Aug 2018 | 9:16 PM

Shimla/New Delhi, Aug 10 (UNI) Two Central Universities in the country were not giving reservation facility to the students belonging to the Schedule Caste and Schedule Tribe categories, the Lok Sabha was informed on Friday.

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RS adjourned sine die after three-week Monsoon session, Naidu calls it 'productive'

RS adjourned sine die after three-week Monsoon session, Naidu calls it 'productive'

10 Aug 2018 | 8:48 PM

New Delhi, Aug 10 (UNI) The Rajya Sabha was on Friday adjourned Sine die after a nearly three week long Monsoon session with Chairman M Venkaiah Naidu, describing it as a 'highly productive' session, which was three times more productive than the Budget session.

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10 Aug 2018 | 8:45 PM

The Chairman said that during the session, the House had 17 sittings.

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Naidu expunges PM's remarks in RS

10 Aug 2018 | 8:40 PM

New Delhi, Aug 10 (UNI) In a rare incident, Rajya Sabha Chairman M Venkaiah Naidu on Friday expunged certain remarks made by Prime Minister Narendra Modi in the House, while welcoming the election of Deputy Chair Harivansh that were found to be 'objectionable'.

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Parliament passes Insolvency Bill; RS returns Bill to LS

Parliament passes Insolvency Bill; RS returns Bill to LS

10 Aug 2018 | 8:21 PM

New Delhi, Aug 10 (UNI) Parliament on Friday cleared the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018 with Rajya Sabha passing it with a voice vote and returning to the Lok Sabha.

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