Relentless loot of India's national assets: Sitaram Yechury on Air India sale

Addressing a press conference, CPI(M) general secretary Sitaram Yechury alleged that the airline's burden of Rs 46,262 crore will be left with the people of the country

CPI-M general secretary Sitaram Yechury (File photo)
CPI-M general secretary Sitaram Yechury (File photo)
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PTI

The CPI(M) on Monday hit out at the government over the sale of Air India to the Tatas, claiming that it was a "gift" to the group from the Centre and a "daylight highway robbery" of national assets.

Addressing a press conference, CPI(M) general secretary Sitaram Yechury alleged that the airline's burden of Rs 46,262 crore will be left with the people of the country.

"The central government continues with its relentless loot of India's national assets. The iconic national flag carrier, Air India, has been sold to the Tatas. This sale is tantamount to giving a free gift to the Tatas by the Modi government. This is daylight highway robbery of national assets. The Tatas will inherit Rs 15,300 crores of debt, which will surely be restructured, paying the central government a mere Rs 2,700 crore for the national carrier, with all its core assets," Yechury said.

The remaining debt of Rs 46,262 crore will be the burden of the government, which means the people will have to bear this, he claimed.

"However, all the assets acquired by Air India by its debt, including brand new fleet of aircraft, will be the Tatas' property now," Yechury said.

At the press meet, Yechury also raised the issue of violence in Jammu and Kashmir, and questioned the government on the Centre's promise of peace in the region.

The CPI(M) leader also demanded the immediate sacking of Union Minister of State for Home Ajay Mishra in connection with the Lakhimpur Kheri incident.

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