Would be wise to write off some Air India debt: Panagariya
Outgoing Niti Aayog Vice Chairman Arvind Panagariya said it would probably be "wise" to write-off some debt of Air India to make it attractive to prospective investors. Panagariya further said there are details which need to be sorted out by the transaction advisers. Earlier, government gave approval for the airline's disinvestment, which has a debt of over â¹50,000 crore.