 "Govt to take action on privatising Air India in 6 months: Panagariya")
The government is expected to take some action on privatising state-owned airline Air India in next six months, a top government policy adviser told television channel CNBC-TV18 on Thursday.
The comment from Arvind Panagariya, deputy head of policy think-tank Niti Aayog, comes amid reports that India's salt-to-software Tata conglomerate has shown an interest in buying a majority stake in the loss-making national carrier.
"Something should be happening this year," Panagariya said in response to a question on the timeline for the national carrier's privatisation.
Prime Minister Narendra Modi's administration has been exploring ways to privatise Air India, which was bailed out in 2012 with $5.8 billion of federal funding.