-The Hindu Decision taken “in the context of the onslaught of the government”, it says The Bharatiya Mazdoor Sangh (BMS) affiliated to the RSS has announced a phase-wide agitation from March 15 to November 11 against the proposed disinvestment programme of the public sector units (PSUs) by the Union government. The decision was taken at a two-day meeting of the BMS’ PSUs Coordination Committee in Hyderabad that ended on Friday. The meeting came...
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The limits to India’s privatization push -Arjun Srinivas
-Livemint.com * Privatizing more PSUs is once again the flavour of the season. But data reveals govt is ignoring some hard truths * There are only a handful of sectors where a disproportionate market share and the nature of business gives government firms a case to command a premium About 10 days after the central government iterated on the floor of Parliament its resolve to privatize businesses owned by it on a scale...
More »Education Ministry’s notification on virtual seminars unenforceable, say academics -Kallol Bhattacherjee and Priscilla Jebaraj
-The Hindu Permission required from MEA to hold them, and also for issues ‘related to India’s internal matters’ A new notification by the Ministry of Education that requires public funded institutions to seek permission from the Ministry of External Affairs (MEA) before organising virtual academic seminars is “unenforceable”, leading academics have said. An official of the Ministry of Education defended the order as a “simplified permission system” but there is little clarity...
More »101 PSUs give Rs 155 crore from their staff salaries to PM fund -Shyamlal Yadav
-The Indian Express Overall, the RTI responses show, 24 PSUs gave Rs 1 crore or more to the fund from staff salaries. New Delhi: APART FROM over Rs 2,400 crore in Corporate Social Responsibility (CSR) funds, over 100 PSUs from across sectors have together contributed nearly Rs 155 crore from staff salaries to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) fund, RTI records accessed by The Indian...
More »Will the government's stand on privatisation of public sector units help the economy? -K Bharat Kumar
-The Hindu * What is the push behind the strategic disinvestment move? What are the gains? The story so far: On November 20, the government announced that it would sell stakes in several public sector undertakings (PSUs) and even give up management control in some. The Central government will cede full management control to buyers in the case of oil marketing company Bharat Petroleum Corporation Ltd. (BPCL), Shipping Corporation of India (SCI)...
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