Business & Economics

Priyanka Gandhi Against Centre’s Decision To Put Golden Birds On Sale

BP World Bureau | Nov 20 2019 05:02:42 PM

NEW DELHI: Congress general secretary Priyanka Gandhi lashed out at the ruling BJP government over the reports regarding the centre's decision to sell Bharat Petroleum and Air India.

She called these public sector organisations as the pride of India and that they are the golden birds.

She then called out BJP for making popular organisations ‘hollow’ and sell them as opposed to helping in building the nation.

Priyanka Gandhi responded to the reports which suggested that the two organisations will be sold in mid-2020.

Union finance minister Nirmala Sitharman said that Air India and Bharat Petroleum Corporation, two debt-ridden state-owned companies and the government will be selling them in March next year.

Minister Sitharaman in an interview said that the government hopes to complete the sale by the end of the year. According to the reports, Air India is suffering from debt as big as 58,000 crores but a lot of investors are interesting in getting the airline.

Read: Air India And Bharat Petroleum To Be Sold By March: Nirmala Sitharaman

The airline suffered from financial stress due to higher oil prices and forex losses but the debt-laden carrier expects to turn profitable in the year 2019-2010. The government owns the 100% equity of the Air India airlines and they had floated the Expression of Interest (EoI) for Air India to offload a 76% stake and management control

The government hopes to sell the Bharat Petroleum for 65,000 crores with any entry premium.

Priyanka Gandhi is an outspoken critique of the ruling BJP government who had specifically called out the economic slowdown under the NDA government.

She had also mentioned the plight of farmers and the lack of proper steps or implementation.

Read: Priyanka Gandhi Attacks BJP Over Farmer's Suicide