Indian Economy: News and Discussion

Haldilal

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sauntheninja

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Ya'll Nibbiars

Are there enough takers for these PSUs most of the news has revolved around no one bidding for these companies
 

another_armchair

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Are there enough takers for these PSUs most of the news has revolved around no one bidding for these companies
Actually, they aren't so bad but the employees are the deadweight, the top executive is corrupt and there is often interference from the owning ministry.

My uncle was with ECL(Eastern Coalfields Ltd) and the corruption was absolutely mind boggling. Bureaucrats would come down and leave with suitcases full of cash. Aise mein kya topline, kya bottomline aur kya he growth.

Paradip Phosphates is a case study where a change in ownership changed the fortunes of the company.
 

Haldilal

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Actually, they aren't so bad but the employees are the deadweight, the top executive is corrupt and there is often interference from the owning ministry.

My uncle was with ECL(Eastern Coalfields Ltd) and the corruption was absolutely mind boggling. Bureaucrats would come down and leave with suitcases full of cash. Aise mein kya topline, kya bottomline aur kya he growth.

Paradip Phosphates is a case study where a change in ownership changed the fortunes of the company.
Ya'll Nibbiars PSU never ment to be only profitable but to employee more people and industrialization from the GOI. But it leads to the incompetence. And uneconomical activities, slow decisions making, lack of accountability.

And India never followed the Singapore's styled State Capitalisem's.
 

Haldilal

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Ya'll Nibbiars most of the shares of the 10 PSU's bank will be sold to the LIC and DII's, And part to the employees, And part to the public's. Selling them to the Corporates and FII's would be dangerous.
 

Haldilal

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Ya'll Nibbiars

And is there a difference between privatisation and disinvestment? Disinvestment is a purely an Indian term that connotes what it means. The government sells shares of companies so that it supports the Budget. The tone of privatisation is different as it means that the government is keen to get out of certain sectors that are not strategic and where the belief is that it has no right to be there. By selling its stake to below 50%, the ownership passes, and the company works like any other private sector enterprise and the government need no longer worry about it. This makes a lot of sense, and as the finance minister spoke of the concept during the Atmanirbhar series, it does appear that the government is keen on moving out of some companies.
 

Haldilal

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Ya'll Nibbiars the GOI job should be to fund new Industries like Semincounductors, Material's, resarch intense chemicals, Fertilizers. Not running legacy industries where the private sector has matured's.
 

SKC

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Actually, they aren't so bad but the employees are the deadweight, the top executive is corrupt and there is often interference from the owning ministry.

My uncle was with ECL(Eastern Coalfields Ltd) and the corruption was absolutely mind boggling. Bureaucrats would come down and leave with suitcases full of cash. Aise mein kya topline, kya bottomline aur kya he growth.

Paradip Phosphates is a case study where a change in ownership changed the fortunes of the company.
We don't have proper distribution of employees in these PSU.

The departments which can manage with 10 employees would have 1000 employees. Department which need 1000 employees will have 50.

Some PSU which can manage with 10K employees but have 1 lac. Some needs 50K employees but have 20-30K.
No proper distribution and and utilization. Too much Unionization.

Just check the erstwhile Manufacturing plant of Hindustan Motors in Kolkatta. After entering the plant the first building is not security and all but the Office of the Worker Union. And There were MULTIPLE unions in HM.
 

Haldilal

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Ya'll Nibbiars Finally Bank of Maharahstra raising against other's.

 

Haldilal

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Ya'll Nibbiars Videocon has physically assets worh more than 4,000 crores for what it's was sold to the Twin Star Technologie's. The Veneta Resource's deal is fully a looting's. If sold in assets then more money could be recovered.
 

Haldilal

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Ya’ll Nibbiars

 

Leonardo Alves

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The best defense against Corona:

Vitamin D supplementation, 4000 IU daily. Exercise, daily. Healthy diet. If you have diabetes, get vaccinated. If you are obese, get vaccinated. If you are old, get vaccinated. Otherwise, understand that this chinese bioweapon funded by the US is here to stay.
I am vaccinated fully with covaxin, let's see.
 

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