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Air India's disinvestment is now within the fingers of Amit Shah, outdoors the Gadkari panel. House Minister Amit Shah will head a reconstituted group of ministers on Air India disinvestment – jj
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Air India's disinvestment is now within the fingers of Amit Shah, outdoors the Gadkari panel. House Minister Amit Shah will head a reconstituted group of ministers on Air India disinvestment

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India

oi-Rahul Kumar

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Published: Thursday, July 18, 2019, 22:07 (IST)

new Delhi. Union Home Minister Amit Shah is now headed by GoM, a group of ministers formed on the disinvestment of Air India. According to media reports, road transport minister Nitin Gadkari has been removed from this ministry. This minister will decide the manner of sale of Air India. There will now be four Union ministers, Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Puri.

Home Minister Amit Shah will head a reconstituted group of ministers on Air India disinvestment

The Group of Ministers on the sale of Air India were first formed in June 2017. This group was named Air India Special Alternative System (AISAM). At that time the group was headed by then finance minister Arun Jaitley and had five members. The other four members were Civil Aviation Minister Ashok Gajapati Raju, Power and Coal Minister Piyush Goyal, Railway Minister Suresh Prabhu and Road Transport Minister Nitin Gadkari. This committee was named Air India-Specific Alternative Mechanism (AISAM).

According to media reports, this group of Ministers will work towards disinvestment in Air India. Nitin Gadkari, one of the group's most powerful ministers, has been sacked from this panel made in the second term of the Narendra Modi government. The formula said that AISAM has been formed in a new way. Now it has four members instead of five Government is preparing for a large number of disinvestment in Air India, a public sector airline, which is struggling with financial crisis. For this, the government will start the disinvestment process soon.

The Modi government had invited bids from investors for the sale of 76 percent stake in Air India in 2018 and management control of the airline. However, this process was unsuccessful and investors did not make bids for the acquisition of Air India. After that, the adviser appointed by the deal, EY, had prepared a report about why the sale process failed. Sources said that the government can sell its 100% stake in Air India this time. The goal of this process is to complete by December 2019.

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