Privatisation: What Does It Really Mean? https://www.youtube.com/watch?v=MCzLHMip4LQ Mar 5, 2021
"The talk about privatization is actually selling some assets into the private sector; the ones that have raised a lot of hope in the markets are two public sector banks and one of the general insurance companies. For the banks, it would be a grave mistake to sell it to an industrialist," says Raghuram Rajan, former RBI Governor, on what privatisation really means in the Indian context.
He didn't favour privatisation, he said
1. Must improve governance to public sector bank
2. Bring in more professional to run public sector Bank
3. Give the board of director of the bank the authority to hire and fire the CEO
4. then take away the governance, make this public corporation run in public interest own by public rather than government.
Watch full show: https://youtu.be/OyF0soecmTE
Prannoy Roy, Raghuram Rajan, Kaushik Basu On Farmers' Protest, Economy Mar 4, 2021
In this second part of four Townhalls on post-pandemic India, Prannoy Roy discusses farmers' protest and economy with Raghuram Rajan and Kaushik Basu, as well as the Nobel Prize winners Paul Milgrom and Abhijit Banerjee. The panel will also take a close look at the Union Budget, and in particular, on the word privatisation. The panel will also discuss the importance of global ratings.
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
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.
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/
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.
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