Air India sale will be determined by market conditions: Modi
New Delhi, July 2: The actual strategic divestment of Air India will be determined by market conditions although the policy decision has already been in this regard, Prime Minister Narendra Modi has said.
In an interview to Swarajya magazine, Modi said that the government's efforts to privatise the national carrier had faltered owing to the lack of response to the first sale offer.
"For Air India, the government has done what it had to with utmost sincerity. You have to differentiate between the lack of response to one sale offer and a policy decision.
At the cabinet level, we have cleared the sale of not only Air India but several other (loss making) public sector units - this itself is historical in many ways," he said.
"That they are yet to be sold is the result of timing and process. We don't want to make a sale where we will be accused of selling something for X amount when we could have got more. But the policy decisions for strategic sales have already been taken," he added.
Last month, the government said that a 76 per cent stake sale process of Air India has ended as "no interest" was shown by bidders, but it remains committed to the strategic divestment for which other alternatives will be evaluated.
"We ran a disinvestment process, where we made it very clear what type of bids we were interested in receiving... We asked certain type of bidders with certain bidding criteria to participate," Minister of State for Civil Aviation Jayant Sinha told reporters here.
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Bengaluru: PUC student dies by suicide, hours after results were declared
Bengaluru (PTI): A second-year Pre-University Course student allegedly died by suicide at her residence here, hours after the exam results were announced, police said on Friday.
Tanushree (17), a science student, reportedly failed in three subjects, which is suspected to be the trigger behind her taking such an extreme step, they said.
However, no suicide note was recovered from the spot, except her hall ticket, which was found lying on the bed.
According to police, the incident came to light on Thursday around 3.30 pm, shortly after the results were announced.
She hung herself from the ceiling fan when no one was at home. Her mother had gone to work, a senior police officer said.
Citing preliminary inquiry, the officer said it is a clear-cut case of suicide. She was apparently distressed over failing in three subjects and had also called her friends to discuss the same.
When she did not respond to their calls and messages later, her friends decided to check on her, he said.
Based on her mother's complaint, a case of unnatural death has been filed, with Hebbal police investigation indicating it to be a case of suicide, police added.
(Assistance for overcoming suicidal thoughts is available on the state’s health helpline 104, Tele-MANAS 14416.)
