Yashwant Sinha slams son Jayant for garlanding Jharkhand lynching convicts
India | July 07, 2018 23:48 ISTThe former BJP leader and Union minister said that he did not approve of his son's action.
The former BJP leader and Union minister said that he did not approve of his son's action.
The controversy erupted after photographs surfaced showing the minister welcoming them at his residence.
Air India is facing financial woes and has delayed payment of salaries to its employees for the month of May. However, the payment is likely to be made on June 15.
Sinha attributed the delays in the expression of interest (EoI) processes to several important issues that the Ministry had to sort out besides obtaining approval from the Alternative Mechanism, chaired by Finance Minister Arun Jaitley.
Jayant Sinha claimed that more people were opting for air travel because the country had the cheapest fares in the world.
The debt-laden carrier, which is staying afloat on taxpayers’ money, would be put up for sale as “four different entities”, while private players can have at least 51% stake in the airline.
The bidding process is expected to be finished by June, by when the winning bidder will be chosen, and all the "legal formalities" will be completed by December, Sinha said.
The comment of Jayant Sinha sought to clear the air after he told a television news channel yesterday that there were indications of interest from the Tatas for Air India.
The government has initiated the process for strategic disinvestment of debt-laden Air India as part of efforts to revive the national carrier.
The government has given its nod for the disinvestment of Air India, which has a debt of over Rs 50,000 crore and is staying afloat on taxpayers’ money.
The government has given its nod for the disinvestment of Air India, which is staying afloat on taxpayers' money, and has a debt of over Rs 50,000 crore.
The government believes cancellation charges are too high, sometimes even more than the price of the ticket itself.
Aviation minister Jayant Sinha today denied that "VIP culture" was prevalent at Indian airports, saying that leeway given is only for security reasons.
Sinha also informed that the construction of the Pakyong airport in Sikkim was complete and it will make reaching the northern part of the state, especially tourist attractions such as Nathu La Pass, easier.
In a social media post, Sinha had also said that the transactions were done for D.Light as an Omidyar representative and not for any personal purpose.
Jayant Sinha said that demonetisation has also changed the behaviour of the people in terms of paying taxes, increased tax base and reduced the dependence of cash in the economy.
Jayant Sinha and Randeep Surjewala are LIVE on India TV on one year of demonetisation coverage. Watch the debate here.
With the demonetisation set to complete its one year on November 8, the Opposition has been trying to corner the Narendra Modi government, alleging the failure of the move.
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