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Disinvestment
The Other Half of the Coal Loot – Looting through the Power Market
Tuesday, 25 September 2012 07:30



Prabir Purkayastha

 

 

25th September 2012

There is a story doing the rounds that when a Minister went up to Manmohan Singh complaining about “primitive accumulation of capital” with respect to a huge real estate scam, the PM asked him what was wrong with primitive accumulation, apart from the word primitive?

This is the crux of the policie ...

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Last Updated on Saturday, 06 April 2013 08:58
 
HAL disinvestment: thin end of the wedge
Thursday, 29 September 2011 12:12


 

D. Raghunandan

September 29, 2011


In a move with far reaching consequences, the Defence Acquisition Council of the Ministry of Defence (MoD) last week gave in- ...

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Last Updated on Saturday, 06 April 2013 08:52
 
New Metro Airports: private profit, public chaos
Monday, 12 January 2009 10:54

29/03/08
D. Raghunandan



Everything in infrastructure or services in India these days has to be “world class”. And according to liberalizers in government and outside, especially in the media, this must mean owned and run by the private sector preferably with foreign collaboration. The now familiar argument is that the state sector, again by definition, is incapable and that foreign partners will bring in much-needed capital and, more importantly, the “latest” in advanced technologies and management, while the consumer would be king in this “open” enviro ...

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Last Updated on Tuesday, 29 January 2013 08:44
 
BHEL Disinvestments And New Capitalism By Prabir Purkayastha
Monday, 12 January 2009 10:46

WE have earlier focussed on how we need to make BHEL a global player in power equipment manufacturing. This is doubly important, as the major power market in the world today is China and India, followed by the rest of Asia. The developed countries do not have any major programme of investing in additional power generation capacity, their focus being restricted to renovating of ageing units. Given that the markets are in Asia, it is not surprising that the new emerging global players are in countries that have a large domestic market for power equipment. Interestingly enough, while the emerging players such as Doosan, Dongfang Electric Corporation, Harbin Power are all supported by their g ...

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Last Updated on Thursday, 24 January 2013 06:20
 
BHEL Disinvestments-An Attack On The Power Sector By Prabir Purkayastha
Monday, 12 January 2009 10:41

THE media has cast the Left’s opposition to the proposed disinvestments of 10 per cent of BHEL as one more instance of its inability to change its ideology with modern times. Efforts also are made to compare the BHEL disinvestments with that of the loss making undertakings in West Bengal, where only after years losses and after being convinced that these cannot be turned around that the Left Front government is now thinking of shutting them down. Even to an ideologically blinkered media, simple commercial common sense would show the difference between shutting down loss making PSUs from that of selling shares in one of the leading and most profitable companies. But then, common sense is ...

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Last Updated on Thursday, 24 January 2013 06:23
 
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