Besides bringing the second tranche of the existing CPSE ETF to raise Rs 5,000 crore, the government may create a second ETF consisting of only PSU shares.
The Bagula community has taken over Indian Parliamentary system.
No public hearing at all. No information about legislation. No publication of draft. It is the Bagula Private Expert panel which decides which law has to be amended next, what should be the new tax reform and what would be the policy of government of India. Parliament is made for readymade consensus to sustain the racial governance of fascism, the Manusmriti rule and our politics of Millionaire Billionaire ruling class irrespective of ideology, identity and colour is all about the continuity of ethnic cleansing.
The Bagula community has taken over Indian Parliamentary system. Since ATAL NDA regime, it is the ultimate truth. I have been posting so many times the reports of disinvestment council and disinvestment commissions which prepared the fundamental blueprint of selling off the Golden Bird, the Mineral Rural India with its resources and everything that the people of India own.
Thus, reforms sets a new trend if any PSU unit is not directly privatized or disinvested ,change the management and install Chairman, MD and GM from private corporate companies.
That is it. The new financial year has just begun but sections of the government, including the nodal disinvestment department, have already come to question the feasibility of this year’s all-time-high stake sale target of Rs 69,500 crore.
Besides bringing the second tranche of the existing CPSE ETF to raise Rs 5,000 crore, the government may create a second ETF consisting of only PSU shares.
According to Media reports, the disinvestment department has apprised the budget division in the finance ministry of many developments that could potentially disrupt the pace of the disinvestment, chiefly the petroleum ministry opposing the stake sales in oil PSUs ONGC and Indian Oil Corporation (IOC), citing the absence of any guarantee that the subsidy yoke will be taken off their shoulders.
No wonder that an expert panel has sought a radical revamp of state-run Bharat Broadband Network Ltd (BBNL), calling for a chairman from the private sector, hiring substantially from outside the government system for other ranks, giving the organisation a direct line to the Prime Minister and establishing a framework to ease right of way as Economic Times reports.
Meanwhile, we happen to be the digital Citizens of this emerging market as technology advanced and thus, amidst the net neutrality debate, Facebook launches Internet.org platform which offers free access to basic internet services on mobile phones, as well as access to Facebook's own social network and messaging services. Every citizen is mobile now and might be connected. It is, however, seems to be yet another opportunity to connect the nation beyond identities.
Please forward the all-important information on your mobile network as Corporate Media is all about corporate Raj.Pl circulate the content which we publish on blogs and our network of alternative media, for example HASTAKSHEP.
Financial Express reports: The government may set up multiple exchanges traded funds to sell its shares in state-run as well as private companies to give a leg-up to the ambitious Rs 69,500 crore disinvestment plans in FY16.
Meanwhile, CITU has opposed disinvestment in Visakhapatnam Steel Plant by selling 10 per cent stake. The Hindu reports.
The sale of 27 per cent equity of Hindustan Zinc to Vedanta Group should be stopped and the profit-making HZL reopened, CITU State Vice-president Ch. Narsinga Rao said in a memorandum submitted to Union Minister of State for Labour Bandaru Dattatreya.
Meanwhile, Government has shortlisted about a dozen PSUs including IOC, National Fertilizers, MMTC, Hindustan Copper and ITDC for stake sale to achieve the current fiscal's disinvestment target of Rs 41,000 crore.
Palash Biswas

Hastakshep