Swipe through the latest business and wealth clues with our android app

Mohan Bhagwat cautions Modi govt against privatisation of Air India

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Monday cautioned the Narendra Modi government against selling more than 49% stake in Air India, and said no country has ever allowed a foreign entity to hold more than that in its national airliner. Bhagwat said India must have ownership and control over its skies through its national airliner. “But why has Air India run into losses? Air India has landing rights in more than 30 places. It has both tangible and intangible assets. So it should be given to someone who can run it well and turn it around.” He added that while Germany has allowed only 49%, some other countries have only 29% foreign investment. He added that India’s economic policy should be job-oriented and encourage small enterprises.

Read More at Livemint News date : 17 Apr 2018, Tuesday

©2019 TheNewsClues