2021 Disinvestment Policy: The sweeping, ill-advised disinvestment policy announced by the NDA government in December, 2021 has put most of the national wealth on a distress sale. The few oligarchs who fund the political parties and issue diktats on policy are waiting with their war chests of funds ready to buy the Central Public Sector Enterprises (CPSEs) for a song,[Read More...]
Letter to Prime Minister Privatisation of Central Electronics Lt. (CEL) and Bharat Earth Movers Ltd (BEML) runs counter to the Prime Minister’s Atmanirbhar effort To Shri Narendra D Modi Prime Minister of India Dear Shri Modi, You have launched the Atma Nirbhar idea with the intention of building self-reliance in the different sectors of the economy. It is indeed a[Read More...]
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I understand from news reports (https://www.livemint.com/companies/news/government-clears-sale-of-centr…) that the PSU, Central Electronics Ltd (CEL) is about to be sold to a private financial intermediary company, Nandal Finance & Leasing Pvt ltd for an amount of Rs 210 Crores.
As one enters the Air India staff colony in Kalina in Mumbai one is struck by the large football field, a lovely sight right at the entrance. The ground is now full of overgrown grass. It is a very big complex with abundant greenery and other very large open spaces. With the forthcoming privatization we will lose this vital space.[Read More...]
The civil society is now grappled with new expressions like “brownfield investment” which means a company or government entity takes over the existing production facilities to facilitate launching a new production activity. Best example for this financial resource strategy is ‘foreign direct investment.’ An alternative expression to this is a ‘greenfield investment,‘ wherein a fresh plant is constructed. In the[Read More...]
On July 22nd, 2021, Modi Government informed the Parliament of its decision to disinvest its stake in 23 Central Public Sector Units (CPSUs) [1]. On August 23rd, Finance Minister Nirmala Sitharaman announced a four-year asset monetization plan under the National Monetization Pipeline [2]. Both these decisions were already anticipated since their announcement in the Union Budget 2021, and neatly fits[Read More...]
