What will happen to Air India now?

Tata Sons will own Air India as it won the bid for ₹18,000 crore, the finance ministry announced on Friday. The total handover process involves many nuances and here is all you need to know. 1. The handover process will be completed by December 2021.

Which govt companies are going to be Privatised?

India’s Union government will privatize five or six companies in the current financial year of 2021-22, including Bharat Petroleum (BPCL), Shipping Corp of India and Pawan Hans, said DIPAM Secretary Tuhin Kanta Pandey.

Will Tata Air India take over?

The Tata Group will be taking over Air India by the third week of January 2022, said Union aviation minister Jyotiraditya M Scindia, adding that India will also see startup Akasa take to the skies along with a reborn Jet Airways next year.

Is Air India going private?

The long-awaited sale of India’s national carrier Air India is now done. The Tata group has snapped up the loss-making airline four years after the government announced its intention to sell it. Air India is now back to the Tata stable, 68 years after the government nationalised it.

Will Tata retain Air India employees?

As far as employee benefits are concerned, the gratuity, pension fund and post-retirement medical benefits of existing and past employees will be honored by the Tata Group.

Is Tata Group buying Air India?

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for ₹18,000 crore. The deal also includes the sale of Air India Express and ground handling arm AISATS.

Who started privatisation in India?

In the budgetary announcements of the financial year 2017-18, the late Finance minister Arun Jaitley announced that the government will initiate privatisation of 24 CPSUs, including Air India Limited which has everytime made a profit since 2007-08 and has profited the taxpayer over ₹69,575.64 crores over the past …

Who has taken over Air India?

Tatas
Tatas to take over, operate Air India by Jan 23, 2022.

Who sold Air India government?

the Tata group
India’s loss making national carrier Air India has been sold to the Tata group, the country’s largest conglomerate. The government has sold the airline to the company, which was the highest bidder at nearly $2.4bn (£1.7bn).

Is BSNL losing customers like Air India?

On the contrary, it has been steadily losing its customers as in the case of Air India. In the eight years from 2006-07, according to the Telecom Ministry’s report submitted to Parliament, BSNL’s landline subscribers fell from almost 34 million to 16 million.

Should Bharat Sanchar Nigam limited be privatised?

Even as Air India prepares for disinvestment, another public-sector white elephant that needs to be privatised is the Bharat Sanchar Nigam Limited.

Is BSNL’s lack of customer focus a PSU problem?

Granted, lack of customer focus is not just a PSU problem; it has an endemic presence in more companies than not, public or private. It is especially a characteristic of telcos around the world, so it’s unfair to single out BSNL.

Why is BSNL in the doldrums?

As it loses customers, BSNL is also severely handicapped in adding new ones as its reputation – or lack thereof – has spread. It takes hard work to build a reputation that can be lost in one fell swoop. There is a reason why all PSUs are in the doldrums today with the exception of a handful that manage to live off of defence contracts.