 "Air India, disinvestment,")
India clarified on Thursday that plans to sell debt-laden state-run carrier Air India were still on track, hours after a junior minister told parliament the privatisation was on hold because of high oil prices and volatile exchange rates.
India failed last year in its attempt to sell a 76% stake in loss-making Air India due to a lack of interest from bidders, but said it would return with an alternative proposal soon.
The government injected Rs 3,975 crore ($576 million) into the airline in the fiscal year that ended March 31 and hived off some debt and the Ministry of Civil Aviation
