Source: The Hitavada      Date: 22 Dec 2018 10:56:42


AFTER the failure of its ambitious move of strategic disinvestment of Air India, the Central Government is again seeking to infuse equity of Rs 2,345 crore to revive the national carrier. The Government has no other option than to pump in more funds in the debt-ridden entity that shows no sign of revival in the near future. Woefully short in sectoral competition and unable to withstand rising debts amounting to the tune of over Rs 55,000 crore, Air India has become the proverbial White Elephant for the Government.

With a domestic share of a mere 13 per cent as compared to other private airlines the ‘Maharaja’ is languishing in an abyss. Though the Government has embarked on cutting costs by selling off properties belonging to Air India, it needs to tread carefully, for, the exercise also entails cutting value of the once iconic carrier.

Infusion of funds is still a temporary measure given the huge heap of debts and remote chances of its recovery. Instead, the Government must come up with a revised strategy, without ambiguity, to transfer Air India into private hands without any delay.



FORMER justice Rajendra Mal Lodha, who authored the revolutionary reforms with an aim to change the entire face of the Indian Cricket Board (BCCI), himself is a perplexed man these days. He sees no light at the end of the tunnel as the Committee of Administrators (CoA), appointed by the Supreme Court to streamline the BCCI functioning, is engaged in a bitter fight of egos thus adding to the confusion and chaos. It is an irony that the system that was put in place to effect a change itself has fallen victim to the prevalent culture in BCCI.

For last few months, CoA members Diana Edulji and Vinod Rai are engaged in a contest of oneupmanship thus botching up the operation to clean up cricket. Yet another proof of the widening rift between the two and total disconnect with the BCCI acting executive came during the selection of coach for Indian women’s team. It has now become incumbent for the apex court to step in immediately and disband the CoA itself. The promptness with which the SC shook up BCCI needs a re-entry soon.