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Left out, UPA to fast-track disinvestment

New Delhi: Free from Left obstacles, the UPA government, in its first unambiguous statement on economic reforms, today said it would divest equity in public sector undertakings, rejuvenate the banking system and push the pension Bill, besides finetuning the taxation system during its second term. It also ....Read more

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Disinvestment, a political gimmick to satiate the corporate worldBy: Suresh Panje | Friday , 5 Jun '09 22:27:01 PM Reply | Forward There was nothing wrong with the public sector undertakings (PSUs) but for the wrong persons assigned to manage these giants. The PSUs were set up with a social objective at a time when mobilisation of lakhs and crores of rupees was truly a herculean task. Another fault lay in certain instances of regional, lingual and political nepotism which in turn gave rise to unsitable locations and unfit people being recruited in these PSUs.Above all, it was the clan of bureacrats who let the PSUs suffer losses. These bureacrats with no inkling about the corporate objectives of their companies were ‘more concerned’ of being ‘something’ than doing ‘anything’ while misusing and enjoying all perks which went with their coveted assignments.I am told about a top official of the Centaur Hotel who bartered the room bookings to certain other star-rated hotels for a considerable sum and thus let his own hotel run into losses and ultimately close down too.

INDIA IS FOR SALE. COME AND LOOT THE COUNTRY WITH PRICE ATTACHBy: N.R.I | Friday , 5 Jun '09 13:54:23 PM Reply | Forward IT IS LOOT TIME.INDIA IS INVITING THE MULTI NATIONAL COMPANIES TO ENTER, WITH THE PRICE TAG ATTACH TO IT, AND LOOT THE COUNTRY.I HATE THE RED CHINESE COMMIES, BUT THEY STOPED CORROUPTCONGEE MINTING MONEY AND BANKING IN FOREIGN BANKS.SHREE MANMOHAN UNDER THE INSTRUCTION OF SONIA MAINO AND RAUL VINCI WILL DISTROY THE COUNTRY.THE CULTURE OF INDIA WILL BE DISTROYED TOTALLY.

not enoughBy: sadiq naqvi | Friday , 5 Jun '09 12:40:08 PM Reply | Forward i wish the govt. of india buys shares in the name of families which are living under poverty line so that they also may enjoy benefits of this fast booming economy.giving them free rice and dal is not enough.

Fleecing the rich. By: Shah P.A. | Friday , 5 Jun '09 14:06:17 PM Reply | Forward Mr. Naqvi, The problem of taking from the rich and giving to the poor is sooner of later the rich are going to run out of money. A more sustainable method is to 'empower' the poor so that they can fend for themselves.

HAVE THEY NOT UNDERSTOOD FROM WHERE THE VOTE CAME?By: Sreenivasan E.C. | Friday , 5 Jun '09 10:34:05 AM Reply | Forward Congress party is assuming that the voters' verdict they just received is for pursuing the path the LEFT strongly opposed. In fact the verdict is for a stable government which can pursue the steps LEFT had supported and insisted in implementing when they were supporting the UPA government from outside.

We need strong left in oppositionBy: Y. K. Pandey | Friday , 5 Jun '09 10:09:39 AM Reply | Forward The type of message coming out from new UPA government may sound to be very progressive but it may have very bad repercussions. It is likely that 49% shares that government is going to unlock from PSUs will fall in the hands of less than a percent. more than 99% of public will be deprived of such shares. This is going to make the rich richer the poor poorer. Though I am not a supporter of Left but I strongly feel that in their absence these greedy UPA fellows will eat away all the wealth of our PSUs. We need a strong Left in opposiotion.

GoodBy: Amit the cosmic chihuahua | Friday , 5 Jun '09 9:32:47 AM Reply | Forward Disinvestment talk looks like a pleasant surprise !