Senior IAS officer Vikram Dev Dutt appointed as CMD of Air India

New Delhi [India], January 21 (ANI): Vikram Dev Dutt, an 1993-batch IAS officer of Arunachal Pradesh, Goa, Mizoram and Union Territory (AGMUT) cadre, has been appointed as the Chairman and Managing Director (CMD) of Air India, an official statement from Air India informed on Friday. Dutt takes over from Rajiv Bansal, Secretary in the Ministry… Continue reading Senior IAS officer Vikram Dev Dutt appointed as CMD of Air India

Air India unions express concern over employee issues, write letter to Civil Aviation Ministry Secretary

New Delhi [India], October 14 (ANI): Air India unions on Wednesday raised concerns over employee issues including cash, leave, medical benefits, accommodation of employees and arrears. The unions have written a joint letter to the Secretary of the Ministry of Civil aviation (MoCA) on Wednesday seeking urgent action to be taken on these employee issues.… Continue reading Air India unions express concern over employee issues, write letter to Civil Aviation Ministry Secretary

Air India sale kicks off major privatisation drive, next up LIC listing, says official

New Delhi, October 12 (Reuters): The sale of national carrier Air India to conglomerate Tatas has opened the way for faster privatisation of state firms and the government is on track to list Life Insurance Corporation (LIC) early next year, a top government official said on Tuesday. Tuhin Kanta Pandey, spearheading the drive to sell… Continue reading Air India sale kicks off major privatisation drive, next up LIC listing, says official

New Air India owner to retain all employees for at least 1 yr, can offer VRS in 2nd

New Delhi, October 8 (PTI): The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new… Continue reading New Air India owner to retain all employees for at least 1 yr, can offer VRS in 2nd

Rajiv Bansal takes charge as Civil Aviation Secretary

New Delhi, October 1 (PTI): IAS officer Rajiv Bansal took charge as the Secretary of the Ministry of Civil Aviation on Friday. Before this appointment, Bansal was holding the position of Chairman and Managing Director of Air India. Bansal, a 1988-batch IAS officer of Nagaland cadre, took over the charge of Civil Aviation Secretary from… Continue reading Rajiv Bansal takes charge as Civil Aviation Secretary

India govt says no decision on Air India sale after report cites Tata Sons as winner

Oct 1 (Reuters) – India’s finance ministry said on Friday reports suggesting the government has picked a winning bid for the debt-laden state-run airline Air India were incorrect. Earlier on Friday, Bloomberg reported that a panel of ministers accepted a proposal from officials recommending salt-to-software conglomerate Tata Sons ahead of an offer from Ajay Singh,… Continue reading India govt says no decision on Air India sale after report cites Tata Sons as winner

India to list LIC by current fiscal year end, says govt official

NEW DELHI, Aug 11 (Reuters) – The Indian government expects to list state-owned Life Insurance Corp (LIC) by the end of the current fiscal year, and collect 500 billion rupees ($6.72 billion) as dividends from state-run companies, a senior finance ministry official said on Wednesday. The government also expects to complete selling state-owned refiner Bharat… Continue reading India to list LIC by current fiscal year end, says govt official

Air India employees” interest will be protected, says minister

New Delhi, Feb 3 (PTI): The interest of Air India employees will be safeguarded in accordance with the guidance of the Department of Investment and Public Asset Management, Union Minister Hardeep Singh Puri said on Wednesday. The disinvestment process of Air India, which had a total debt of over Rs 38,366 crore in the last… Continue reading Air India employees” interest will be protected, says minister

India receives bids to buy state-owned Air India airline

NEW DELHI (AP) — India’s government says it has received “multiple expressions of interest” in buying its 100% stake in debt-laden national carrier Air India to shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders. The deadline for submission of formal bids was Monday and the government is… Continue reading India receives bids to buy state-owned Air India airline

India receives multiple initial bids for state-run carrier Air India

NEW DELHI (Reuters) – The Indian government said on Twitter it has received multiple bids for its stake in state-run carrier Air India, the auction for which ended on Monday evening. “Multiple expressions of interest have been received for strategic disinvestment of Air India. The transaction will now move to the second stage,” according to… Continue reading India receives multiple initial bids for state-run carrier Air India