Privatization and Disinvestment : News & Discussions

[Ashwin]

List of CPSE that have received ‘in-principle’ approval of Cabinet Committee on Economic Affairs (CCEA) for strategic disinvestment.

Performance of privatized firms

From Economic Survey :

https://www.indiabudget.gov.in/economicsurvey/doc/vol1chapter/echap09_vol1.pdf

 

[janme]

List of CPSE that have received ‘in-principle’ approval of Cabinet Committee on Economic Affairs (CCEA) for strategic disinvestment.

View attachment 13681

Performance of privatized firms
View attachment 13682

View attachment 13679

From Economic Survey :

https://www.indiabudget.gov.in/economicsurvey/doc/vol1chapter/echap09_vol1.pdf

There is no mention of the timelines I guess.

Ordnance factory workers object to fresh impetus for corporatisation

Terms of Reference will be challenged in meeting with panel, say Federations

www.thehindubusinessline.com

Govt set to float EoIs soon for stake sale in BEML

Currently, the government of India holds 54.03% stake in BEML

www.deccanherald.com

 

[Ashwin]

There is no mention of the timelines I guess.

Ordnance factory workers object to fresh impetus for corporatisation

Terms of Reference will be challenged in meeting with panel, say Federations

www.thehindubusinessline.com

Govt set to float EoIs soon for stake sale in BEML

Currently, the government of India holds 54.03% stake in BEML

www.deccanherald.com

OFB is just getting corporatized no disinvestment.

 

[janme]

OFB is just getting corporatized no disinvestment.

You are right, however I think corporatization will open the door to disinvestment. However I am not too confident about government being able to pull this off, with defence corridor coming in UP and large tender for russian rifles going to OFB, The OFB lobby will get even stronger than before.

 

[Ashwin]

https://twitter.com/i/web/status/1261916259517558784

 

[Ashwin]

https://twitter.com/i/web/status/1268100815530520576

 

[_Anonymous_]

https://twitter.com/i/web/status/1268100815530520576

I think the GoI should come down hard on them. It's about time. Declare the strike as illegal. Go in for pvt sector supplementation where possible & imports otherwise. Try & rig the courts for this will eventually end up there. Come down hard on the ring leaders.In short throw the book on them. At the same time the GoI must undertake modernisation of these OFBs. Announce incentivization for better quality & more productivity. But crack down hard on the blackmailing strikers.This nonsense has gone on far too long.

 

[Nikhil]

Good. Baniy Thieves in center need to put in there place. It's time SC give a warning to thugs at centre enough is enough. These choors will destroy everything to serve there billionaire bosses.

 

[janme]

BEML board approves closure of its arm Vignyan Industries

Further, MoD has requested BEML to initiate the process in accordance with DPE guidelines relating to time-bound closure of sick/loss making CPSEs, the company said.

www.indiainfoline.com

 

[Ankit Kumar]

Meanwhile only TATA is the frontrunner for disinvestment of Air India.

Spicejet and Indigo don't have much chances left.
The Vistara will remain a seperate entity for now. But Tata will likely merge it's Air Asia India with the Regional arms of Air India.

 

[janme]

PSU share sales coming up: Govt to sell stakes in these 2 sectors as non tax revenue falters - The Financial Express

With tax revenues remaining below estimates, the government is now eyeing ways to hike non-tax revenues via the sale of its stakes in PSUs or state-owned companies.

www.financialexpress.com

Modi govt's privatisation drive back: Unmerged PSBs, insurance cos to be put on the block | Business News

ET Now learns that Punjab & Sind Bank, IOB, Bank of Maharashtra could be privatized along with state-run insurers such as National Insurance Company, United India Insurance and Oriental Insurance Company.

www.timesnownews.com

 

[janme]

Privatisation policy: Explicit immunity to only handful of PSUs — Check list - The Financial Express

Others, including the PSU biggies in the energy, engineering and capital equipment sectors, not to mention those in non-strategic sectors like hotel and tourism and trading, could go under the hammer as and when their turns come up.

www.financialexpress.com

 

[Nikhil]

wtf you guys smoke, really? HAL is the one right now building the Crew Module and Service Module. They are DPSU and should be privatized definitely. But if you questioning the capabilities of HAL, I must laugh on it. You got no idea buddy. You guys went to HAL Banglore, and watch some aircraft and conclude things. HAL is all over India, and India is a very big country.

You don't even realize how much deep things actually go. Constructing prototypes of next-gen Hypersonic vehicles to MIRVing.

What with this privatise this privatise that fetish ? Look like serving Vested interest rather than country is more important nowdays.

 

[Arpit]

What with this privatise this privatise that fetish ? Look like serving Vested interest rather than country is more important nowdays.

Because Boeing and LM are private corporation that means it's about vested interest? And they are anti national?Countries and nations built on economy and private interest, we were colonized for economics.

If we keep thinking like earning money is a bad thing , we be digging our graves for one more time.

Even the countries who dreamt about equality and money dont matter, fallen within 80 years.
And the Republics and empire built on economic interests survived for 1000 of years, like Rome.

In perfect world, the govt shouldn't have any role in bussiness, and private sector shouldn't have in governance. But if private sector poking into governance, because we are not in perfect world, I still accept this model rather than other where govt interfere in everything.

 

[Nikhil]

Because Boeing and LM are private corporation that means it's about vested interest? And they are anti national?Countries and nations built on economy and private interest, we were colonized for economics.

If we keep thinking like earning money is a bad thing , we be digging our graves for one more time.

Even the countries who dreamt about equality and money dont matter, fallen within 80 years.
And the Republics and empire built on economic interests survived for 1000 of years, like Rome.

In perfect world, the govt shouldn't have any role in bussiness, and private sector shouldn't have in governance. But if private sector poking into governance, because we are not in perfect world, I still accept this model rather than other where govt interfere in everything.

Government has every role to be in business when well being of citizens is involved and when it concerns national security of country. America is a corrupt private oligarchy & stop comparing and bringing America everywhere & into every discussion. India is not America. I can also bring Russia and china into discussion to bust this pvt sector miracle myth.

 

[Arpit]

Government has every role to be in business when well being of citizens is involved and when it concerns national security of country. America is a corrupt private oligarchy & stop comparing and bringing America everywhere & into every discussion. India is not America. I can also bring Russia and china into discussion to bust this pvt sector miracle myth.

That's your opinion, and india was America. We lost the race when we stopped being america. and let see how much china last.

 

[Nikhil]

That's your opinion, and india was America. We lost the race when we stopped being america. and let see how much china last.

We lost the race when we sold this country & its future to few filthy rich families & corrupt political ruling class who systematically keep whole country malnourished, underfeed , slavery is alive and kicking strong in India even today....a labourer from Bihar could die due to hunger & nobody gives a fck....what are we even talking about my friend. We are a joke of a nation. all little development you see today is due to effort of government & its agencies.
Pvt sector by its nature is for profit not to provide services to people. Thanks govt and its public services, that my father come out poverty as he could not afford to get services affordable only to selected few urban rich & there kids....who all turn out to be massive failure in life down the road.

 

[Arpit]

We lost the race when we sold this country & its future to few filthy rich families & corrupt political ruling class who systematically keep whole country malnourished, underfeed , slavery is alive and kicking strong in India even today....a labourer from Bihar could die due to hunger & nobody gives a fck....what are we even talking about my friend. We are a joke of a nation. all little development you see today is due to effort of government & its agencies.
Pvt sector by its nature is for profit not to provide services to people. Thanks govt and its public services, that my father come out poverty as he could not afford to get services affordable only to selected few urban rich & there kids....who all turn out to be massive failure in life down the road.

No one sold it, when we used businessman and taken them for granted, and were litterally looting them, that's when downfall started to begin.

You can use big word and become holier than thou , and next step might be communism. All communist love being talk like that.

Thank god, sanity and realism still prevail somewhat in this country, and might be one day again we become a country that was created by Chandragupta Maurya and destroyed by Ashoka with these holier than thou talks.

 

[Nikhil]

No one sold it, when we used businessman and taken them for granted, and were litterally looting them, that's when downfall started to begin.

You can use big word and become holier than thou , and next step might be communism. All communist love being talk like that.

Thank god, sanity and realism still prevail somewhat in this country, and might be one we become a country that was created by Chandragupta Maurya and destroyed by Ashoka with these holier than thou talks.

arthshastra talk about king who keep interest of its people over wishes of Nobel's. To make sure there needs are meet, no harm comes to nature etc etc.. & no govt are not looting businessman.... it's the other way around. You don't do business if you are being looted in first place now do you.
You know what looting look like ? ask Modi, choksi, malya & company & countless corrupt businessman who have cone this country like never before.

 

[Arpit]

G

arthshastra talk about king who keep interest of its people over wishes of Nobel's. To make sure there needs are meet, no harm comes to nature etc etc.. & no govt are not looting businessman.... it's the other way around. You don't do business if you are being looted in first place now do you.
You know what looting look like ? ask Modi, choksi, malya & company & countless corrupt businessman who have cone this country like never before.

No arthashastra talks about keeping interest of the state. By default in those times people were secondary commodity.

And in last 1000 years we were looting businessman, kings were taking loans on gunpoint and not repaying them.

British not won over Martha because of superior firepower, indian businessman funded them, because no one paying them, and British were right on time to pay businessman with interest. And they continued to do so until 1947. British understood the importance of private corporation, while EIC was pvt enterprise. Actually during Raj it was the first time after several millennia that businesses in india prospered. The socialist seed sowed by Ashoka, we still paying for it. We were once a capitalist economy by default, and we prospered most in those times.