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Left out, UPA to fast-track disinvestment

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    • ENS Economic Bureau Tags : UPA government Posted: Friday , Jun 05, 2009 at 1056 hrs

    On tax reforms, Patil said the government would pursue implementation of Goods and Service Tax (GST) replacing excise duty and service tax at the Central level and VAT at the state level. GST will be a single tax and culmination of a host of taxes such as VAT, excise duty and service tax. The government has set April 2010 as the deadline for its rollout.

    On the issue of illegal money stashed abroad, the President said the government was fully seized of the issue and would vigorously pursue all necessary steps in coordination with the countries concerned.”

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    Disinvestment, a political gimmick to satiate the corporate worldBy: Suresh Panje | 05-Jun-2009 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 | 05-Jun-2009 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 | 05-Jun-2009 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. | 05-Jun-2009 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. | 05-Jun-2009 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 | 05-Jun-2009 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.
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