Tuesday, September 29, 2015

NaMo orders Ministers ti prepare plan to handover PSU shares to Australian / Canadian investors (30-Sep-2015) No.3

September 30, 2015 No.3

https://www.facebook.com/mehtarahulc/posts/10153061590351922

NaMo orders Ministers ti prepare plan to handover PSU shares to Australian / Canadian investors
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http://www.business-standard.com/…/psu-divestment-govt-woos…
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PSU divestment: Govt woos Australian, Canadian pension funds
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The government is trying a turn to Australian and Canadian pension funds to make its disinvestment plans a success, without having to overly depend on the likes of Life Insurance Corp and short-term money from foreign institutional investors (FIIs).
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However, these funds do not know much about India's state-owned companies, which aren't used to sharing information, either, in the style and quantity these entities would want.
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Concerned about FIIs' tendency on capital flight at the first sign of volatility in the markets, the disinvestment department has suggested prospective stake sales in public sector undertakings (PSUs) to pension funds in the two countries, to come in as long-term investors.
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.... pls click link for more
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In short, it is handing over PSUs's shares to videshies
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SoGa \ ArGandhi have both tacitly supported this move.
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Each and every RSS-worker on FB is also supporting this proposal.
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Those who oppose this work to publicize law-drafts that can reduce India's dependence on FDI.
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The links to law-drafts are at ----https://www.facebook.com/notes/10152774660951922

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