RBI likely to submit AI turnaround plan next week

RBI likely to submit AI turnaround plan next week

Next week the Reserve Bank of India is expected to submit a report containing its recommendations on a fresh turnaround plan for Air India, a senior official in the Ministry of Civil Aviation told Wall Street Journal. “The RBI is expected to submit its report next week after which the Group of Ministers (GoM) will take a final call to send it to the cabinet or discuss it further,” the official said. The panel of ministers, headed by Finance Minister Pranab Mukherjee, was set up to look into Air India’s turnaround and had sought the views of the central bank on a fresh business plan.

Gary Marshall
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