@willgarden1@DuttShekhar staged doesn't only mean rehearsed/prerecorded,it's preplanned. oc Trump has more guts than the cowards sitting in chair in India but I can't appreciate a figure like him just for speaking openly to media, I know looking at Indian political discourse, you find these impressive.
Business World magazine has a sensational scoop based on the internal minutes of a Committee of Secretaries on Disinvestment showing how rules were changed for the controversial privatisation of IDBI Bank which was sold to Canada based Fairfax Financial Holdings at Rs 52,878 crore ($5.55 billion) at Rs 81 per share.
The internal minutes state that the initial sealed bids from Fairfax and another entity came well below the confidentially set minimum reserve price of Rs 94.42. The Fairfax bids came at Rs 75. So what do the babus do? They pull off something unprecedented but do it openly and transparently. They move to another valuation method and ask Fairfax and another bidder (strangely not named because it was later rejected by Home Ministry for security reasons!) to give new bids. This time Fairfax bids Rs 81 per share , still well below the original reserve price of Rs. 94.42. Then Fairfax says this is the final offer and it would withdraw if not accepted. The government accepts it and also gives some relief on disputed tax claims on IDBI Bank. Tax payer also makes a hefty contribution here!
The deal goes through at Rs 81 per share(the original reserve price was Rs 94.42) and the internal note strangely gives reasons why this sale was necessary for the government at this juncture- Fiscal stress on Centre due to high energy prices, lack of FDI inflows and the currency under strain because of the global energy crises!
As per Business World report the justification for change of rules and methodology for the sale of IDBI Bank came from the General Financial Rules for sale of government physical assets but not shares. Then it cites the Railway Stores Code on auctioning scrap:
"Bids lower than the reserve prices may, however, be accepted by the Depot Officer where found expedient provided the Depot Officer doing so records his reasons in writing."
In my 40 years of journalism I have not come across such justification for privatisation.
Business World's Palak Shah must be commended for this investigation.
Jai Hind
The judicial custody of #AshutoshRanka and #SauravDas must be urgently reviewed and they must be released immediately.
Hoisting the National Flag, even in a prohibited area, should not warrant such prolonged detention. The judiciary and the executive must rise to the occasion to ensure that the youth of this country do not lose faith in the rule of law and constitutional rights.
उत्तराखंड में निवेश के नाम पर धामी सरकार का फ़र्ज़ीवाड़ा - और यह BJP ‘डबल इंजन' मॉडल का एक और नमूना है।
Global Investors Summit का ढिंढोरा पीटा गया: 1,779 MoU, ₹3.56 लाख करोड़। रोडशो पर जनता के लगभग ₹100 करोड़ ख़र्च हुए | फिर सरकार ने ₹1 लाख करोड़ को "ज़मीन पर उतरा निवेश" बताया।
Newslaundry ने जाँचा कि यह निवेश किसका है:
* आटा चक्कियाँ, खाद-बीज की दुकानें और छोटे क्लीनिक "निवेशक" गिन लिए गए। कुछ को पता तक नहीं था।
* ₹35,279 करोड़ - यानी 35% - सरकारी बिजली कंपनियों के हैं।
* CSR और दान से चलने वाले एक स्कूल को ₹24.49 करोड़ का "निवेशक" बताया गया।
* ₹1,200 करोड़ के "निवेशक" की कमाई चार साल से शून्य है, और रिकॉर्ड में उसका एक भी कर्मचारी नहीं।
* दुबई-लंदन के रोडशो से ₹27,975 करोड़ का दावा हुआ, पर "ज़मीन पर उतरे" निवेशकों की सूची में इन दोनों शहरों की एक भी कंपनी नहीं।
और समिट से सिर्फ़ सात दिन पहले, 1 दिसंबर 2023 को, "निवेश" की परिभाषा ही ढीली कर दी गई। इसे कहते हैं: पहले नियम बदलो, फिर आँकड़े बताओ।
मुख्यमंत्री 3,300 "निवेशकों" की पूरी सूची सार्वजनिक करें।
निवेश कागज़ पर। रोज़गार नारों में। और उत्तराखंड के युवाओं के हिस्से - पेपर लीक।
@newslaundry@Basantrajsonu
https://t.co/Iz2ZtQWycQ
#India: We are concerned by reports of mass detentions of demonstrators, protest leaders, members of civil society organisations, lawyers and journalists, before and during today’s large-scale demonstrations in Delhi.
We call on the authorities to ensure that the right to peaceful assembly is fully respected and fulfilled.
https://t.co/tqrQyZoXBJ
@elonmusk Dear @elonmusk I am from a small village in India called New Delhi (connaught place) after 79 years of independece we still don't have internet, kindly open up starlink for us for the next few days then you can be new boss (same method was followed by Ambani a decade ago)
@manojmuntashir Bsdk tere ko kaise laga ki tu itna influencial hai, ye tera delusion h ya chutyapa mp seat paane ki, kyu ki chutye you are so wrong na BJP bachegi na tu neta banega
@ANI@elonmusk this is best time/place to pitch starlink to Indian people, Give free Internet to the Delhi NCR region for few days and you can replace our current boss Ambani, who gave 6 months free Internet btw.
Thanks 🙏