Economy & Equity
Dayanidhi Maran Shows Mirror To Govt On NPA Write-off and Haircut To Corporates| IBC | DMK | PM Modi https://www.youtube.com/watch?v=U5xjOWKC5Eg Dec 15, 2021
In the Loksabha..
Dayanidhi Maran Shows Mirror To Govt On NPA Write-off and Haircut To Corporates| IBC Large scale fraud happening in the name of IBC. The Tatas deal on Air India. 6800 crores debt write off. why cant you add ___ and manage the company. Tatas puchased VSNL, was the excess land returned to the Govt.,
India Pampering Only Certain Corporates": TN MP MK Vishnu Prasad| Tamil Nadu| Congress | Corporates https://www.youtube.com/watch?v=TvPxpeBaUdc
With National Monetization (Privatization) Pipeline Govt would be virtually extending the lease in perpetuity: Thomas Isaac https://www.cenfa.org/uncategorized/with-national-monetization-privatization-pipeline-govt-would-be-virtually-extending-the-lease-in-perpetuity-thomas-isaac/
World Bank offers to help National Rail Plan By Shivani Dwivedi https://www.cenfa.org/uncategorized/world-bank-proposes-a-railway-expansion-plan-for-india/ October 18, 2021
The Bank has offered its expertise starting from hand holding execution of partnership with private players, to development of intermodal stations and upgrading of existing lines. “Aim to build 8000 km of DFC and 8,000 km of High Speed Railway in 30 years. How to pay for it?” the presentation poses, offering “World Bank interventions” as a solution. In passenger services, the Bank proposes PPP partnership in developing new high-speed routes as well as the commuter rail network.
Privatising power distribution: A hoax https://www.deccanherald.com/opinion/in-perspective/privatising-power-distribution-a-hoax-1031104.html Uttam Gupta, SEP 16 2021
A major plank of the Electricity (Amendment) Bill (EAB), 2021, is to de-license the electricity distribution business, bring in competition, and give the consumer power to choose her supplier (‘open access’).
What makes discoms weak? The states order them to sell electricity to poor households and farmers at a fraction of the cost of purchase and distribution, or even free. At the same time, using their monopoly position under the existing dispensation, they charge high tariffs on supplies to industries and businesses, which helps them trim the shortfall.
Now, if private players also enter the fray, offering lower tariff (as they don’t carry the baggage of low-paying customers, theft and inefficiencies), industries and businesses will shift to them, resulting in huge loss of revenue to discoms, even threatening their survival.
Shankar Sharma Comments: 17/9/21021
If private companies be allowed to enter the distribution business. after thenext 2-3 decades, there will be transformation of the sector, as happened in the case of telecom.
Will this be good for society? The answer should depend on who asks the
question and what is the background thinking?
There can be no doubt that keeping all the associated issues in objective consideration, the best option for the entire country is to encourage widespread usage of rooftop SPVs, even if it means financial assistance for a few more years. But one thing seems to be clear. Our society cannot afford to go on with the BAU scenario for long; because it is not sustainable from any angle.
Modi’s Monetisation Mantra Is a Blow Worse... - Dipankar Bhattacharya https://m.facebook.com/story.php?story_fbid=390254576028372&id=111747030545796&sfnsn=wiwspwa
With assets, the government will naturally also shed jobs. Less government jobs will mean loss of reservations for the socially deprived and loss of job and income security for all who will now have to look for jobs in private companies. There will be bigger blows to wider sections of people. Prices will go up with little regulation by the government and growing monopoly power of the big companies. Tariffs of all services are already going up, and the government has already amended the Essential Commodities Act to pave the way for an across the board rise in prices of all essential items.
While consumers will have to bear with increased prices, small traders, roadside vendors and livelihood earners will suffer a major jolt. Privatisation of roads will mean appearance of toll plazas and expensive eateries and disappearance of roadside dhabas, tea stalls and repair shops. Adani-Ambani railway stations will be more like airport lounges and shopping malls where food courts and expensive coffee shops will replace the fruit and tea vendors and providers of cheap meals who will lose their access to stations and trains.
NMP by its very nature will have much more enduring effect, with the public sector virtually being replaced by powerful private players and consumers and small producers being completely subjugated to the extortionist ways of big business.