Sena hits out at BJP on Air India privatisation decision

Agencies
June 30, 2017

Mumbai, Jun 30: NDA ally Shiv Sena today came down heavily on the Centre over its decision to privatise national carrier Air India, saying had such a decision been taken by the previous Congress-led UPA government, the BJP would not have spared it.airindia

It also asked the finance minister to spell out the reasons which made the 'Maharaja' (the Air India's characteristic logo) a "beggar."

The Sena's taunt comes two days after Finance Minister Arun Jaitley said the Cabinet has given "in-principle" approval for the disinvestment of Air India.

The Civil Aviation Ministry is charting out the disinvestment of the debt-laden carrier.

"Had this decision been taken by the previous government, the BJP would have exposed the Congress in public. The BJP would have asked how can a government that cannot run an airline, run the nation," the Sena said in an editorial in party mouthpiece 'Saamana'.

"But the BJP today has indulged in the sale of the national carrier," it noted.

The Sena also sought to know from Jaitley the reasons for Air India's downfall and losses in the last few years, and those responsible for it.

The airline earlier had a local market share of about 35 per cent which has gone down to a mere 16 per cent. This happened as many routes were sold off to private companies by the Civil Aviation Ministry, the Sena claimed.

"This is corruption. If done during the Congress regime, the Modi dispensation had a chance to undo the damage. Why did they not do it?" it asked.

"Today the airline is being sold off as it has a debt of Rs 50,000 crore. Tomorrow the government will say they are unable to provide for the security cost of Kashmir valley and will thus auction it. They cannot be trusted," the Sena claimed.

Surviving on taxpayers' money, Air India has been in the red for long and various proposals, including government think tank Niti Aayog's suggestion for complete privatisation, have been made.

The airline has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000-crore bailout package extended by the previous UPA government in 2012.

Comments

Yaseen Baig
 - 
Friday, 30 Jun 2017

This government is selling one by one, now what is left!

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News Network
January 18,2020

Mumbai, Jan 18: Maharashtra Tourism Minister Aaditya Thackeray on Friday said shops, restaurants, malls and pubs will remain open 24 hours on an experimental basis in a few areas of Mumbai from January 26.

The areas where these establishments will remain open all night are Fort and Kala Ghoda in south Mumbai and Bandra Kurla Complex in the west.

Thackeray had batted for all-night-open eateries and other establishments in the city during the earlier BJP-Shiv Sena regime too.

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

Comments

JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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News Network
July 10,2020

New Delhi, Jul 10: Nepal has banned all Indian news channels, except DD News, for alleged propaganda against the country.

Reports say that Nepal cable operators have stopped getting signals of Indian news channels.

Nepal government spokesperson Yuvaraj Khatiwada said: "We request all not to disseminate news that infringes sovereignty and self-respect of Nepalis. This includes the media of neighbouring countries. We might seek both political and legal remedies."

Earlier, Nepal has amended its map which show some Indian territory as part of it.

Nepal's parliament on June 13 adopted unanimously the Constitution Amendment Bill, paving the way for accommodating the updated political-administrative map, which includes Indian areas of Kalapani, Lipulekh and Limpiyadhura, in its symbol.

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