PSUs and State SUs are just the loot banks for Politicians who are in Power and also the CORRUPT IAS Babus/Chairmen/Directors etc., etc., Actually in India, All State Government Staff MUST Pay EQUALLY TO CENTRAL GOVT. STAFF, as per their Designation and thus a UNIFORM PAY SCALE, in ALL CENTRAL/STATE/PSUs/STATE SUs has to be Established and then there will not be any Heart-burn among the EMPLOYEES of INDIA. THIS SAME PRINCIPLE IS FOLLOWED IN USA. The politicians/beurocrats Must stop looting PSUs and because of their Loot, many PSUs and State SUs are closed, under loss. A LOKAYUKTA in EVERY STATE, for PSU/State SU Must be Appointed with required Staff, thus bloody CORRUPTION, in those Undertakings CAN BE ERADICATED. Actually Many PSUs are doing a very Meritorious Serivce with Best of Products, but if a corrupt MD/Chairman is reported, until his Transfer, the SU will suffer. God only has to STOP the GREED of HINDUS for MONEY/GOLD/DIAMOND/ILLICIT SEX and to PROPITIATE their SINS, they just GO TO TEMPLES and PUT IN HUNDI, rather than Paying Poor Hungry fellow - What a Faith, what a People and What a following. God Save India from Corruption, casteism and Dirty/Criminal Politicians.
PSUs and State SUs are just the loot banks for Politicians who are in Power and also the CORRUPT IAS Babus/Chairmen/Directors etc., etc., Actually in India, All State Government Staff MUST Pay EQUALLY TO CENTRAL GOVT. STAFF, as per their Designation and thus a UNIFORM PAY SCALE, in ALL CENTRAL/STATE/PSUs/STATE SUs has to be Established and then there will not be any Heart-burn among the EMPLOYEES of INDIA. THIS SAME PRINCIPLE IS FOLLOWED IN USA. The politicians/beurocrats Must stop looting PSUs and because of their Loot, many PSUs and State SUs are closed, under loss. A LOKAYUKTA in EVERY STATE, for PSU/State SU Must be Appointed with required Staff, thus bloody CORRUPTION, in those Undertakings CAN BE ERADICATED. Actually Many PSUs are doing a very Meritorious Serivce with Best of Products, but if a corrupt MD/Chairman is reported, until his Transfer, the SU will suffer. God only has to STOP the GREED of HINDUS for MONEY/GOLD/DIAMOND/ILLICIT SEX and to PROPITIATE their SINS, they just GO TO TEMPLES and PUT IN HUNDI, rather than Paying Poor Hungry fellow - What a Faith, what a People and What a following. God Save India from Corruption, casteism and Dirty/Criminal Politicians.
is nothing but encashing an enterprise built on tax payer money. Lot this encashed money will go to accounts of Sonia, IMF & WB. It is a planned rip of the country.
Re: Public issue of PSU
by rajesh sharma on Oct 20, 2010 07:59 PM
i can you you never happy with either thing, sometime it is better to keep quite as you have say everytime
Re: Public issue of PSU
by Religious DrugAddict on Oct 20, 2010 08:13 PM
BJP AND COMMUNIST LIES... IT LOOKS LIKE YOU DO NOT KNOW THE ABC OF FINANCE AND ECONOMICS...
Re: Re: Public issue of PSU
by Rajmani Verma on Oct 23, 2010 02:03 PM
See the cases of BSNL & MTNL, which were in agreat profit earlier when they were govt. deptt. Now only after becoming ten years PSU both are in loss. IT is quite surprising but true and reason is well known to all.
Already this 15,000 Cr ruppee IPO has sent shock wave to market by profit booking to raise money. Imagine what will happen to market if 25% of equity is offloaded at a go, The IPO size would have been 42500 Carore rupees.
Now suppose all listed PSU have to divest the non-promoter holding to 25% with in given 3 year time frame then stock market will go for a toss. This is the real reason 25% guideline is relaxed for Giant PSUs.
Also PSU holding by government can not be termed as promotor holding because by it's definition the government holdings are public. Anyway SEBI is a toothless tiger which is out there to protect vested interests. Sebi decisions in NSE vs MCX make it very clear.
