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Can't spend more taxpayers' money to clear Air India's debt: NITI Aayog

Arvind Panagariya explains why the only option left for Air India is privatisation

ANI  |  New Delhi [India] 

In the wake of reports surfacing on the apparent privatisation of the national carrier Air India, NITI Aayog Vice Chairman Arvind Panagariya on Wednesday asserted that owing to the voluminous debts linked with the airline, privatisation is the only feasible option. "There have been several attempts to revive the airline, but unsuccessful. It is the taxpayers' money that is being spent to clear debts. The government is looking to allocate this money to uplifting other sectors like health, education and infrastructure. Therefore, the only option left is privatising the ...

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First Published: Thu, June 01 2017. 10:30 IST
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