AIR INDIAN TO BE PUT UNDER SUPERVISION OF BRPSE

The Indian government plans to put Air India under the supervision of the board for reconstruction of public enterprises, or BRPSE, as it finds the ailing national carrier’s efforts to restructure its finances “illusionary”. The airline is seeking a 2,000 crore bailout package for financial year 2011-12, after getting a cash infusion of 1,200 crore in December. BRPSE undertakes strengthening, modernising, reviving, and restructuring of public sector enterprises and advise the government on strategies, measures and schemes related to them.