Air India divestment expected to be closed in first qtr of FY22: DEA secy

We have taken up some big-bang disinvestments, particularly Air India and LIC on priority, said Bajaj

The Centre is taking up some of the major disinvestment proceeds on priority, particularly of Air India and Life Insurance Corporation (LIC) of India. In an interview with Shrimi Choudhary, Economic Affairs Secretary TARUN BAJAJ says the extra borrowing at the end of the current fiscal year is on account of low revenue and new fertiliser subsidy grant of Rs 65,000 crore. Edited excerpts:

Why did you keep the disinvestment target for 2021-22 (FY22) lower, even when you are confident about listing LIC, selling Air India, Bharat Petroleum Corporation, and IDBI Bank in the next fiscal year?

Sometimes, transactions do not take