National
PSU staff warn against government’s disinvestment plan
PSU Staff against Disinvestment
New Delhi, June 26. The Centre is likely to start the process of strategic disinvestment in loss-making public sector enterprises (PSEs) by next month even as an influential forum of the executives of these businesses has flayed the move and threatened agitation.
“NITI Aayog has submitted a preliminary report on the divestment of the government’s stake in some PSEs and strategic sale of units which are sick,” an official source told IANS on Sunday.
The report has been forwarded to the Prime Minister’s Office (PMO) with a note from the Department of Investment and Public Asset Management (DIPAM).
“The final shortlisting of central government-owned PSEs for disinvestment may be cleared by an executive order after a cabinet meet,” the source said.
After the presentation of the union budget for 2016-17, the NITI Aayog had started deliberations in March this year to identify state-run firms where the government can give up its stake.
The budget, presented by Finance Minister Arun Jaitley, had enunciated “a new policy for management of government investment in public sector enterprises”.
Aiming to generate Rs 56,500 crore through disinvestment in PSEs this financial year, the new policy proposed “disinvestment and strategic sales”.
“We will encourage central PSEs to divest individual assets like land, manufacturing units, etc., to release their asset value for making investment in new projects,” Jaitley said in his budget speech.
The NITI Aayog, as directed by Prime Minister Narendra Modi and in coordination with DIPAM and other stake holders, has tried to shortlist the PSEs for strategic sales.
In its report, now forwarded to the PMO, the NITI Aayog has reportedly suggested that of the 74 sick PSEs about 20 should be wound up and the remainder should go for strategic disinvestment.
Meanwhile, National Confederation of Officers’ Associations, an influential body of senior officers of PSEs, said in a statement that the government is showing “a complete lack of understanding of the purpose and role of the public sector in India”.
“We are told the government and the NITI Aayog favour closure and strategic sales of 74 sick central PSEs. We can stage dharna and start agitation,” an office-bearer of the NCOA said, adding national executive committee members of the confederation will meet next month to work out their course of action.
“The association office-bearers and members may even stage a foot march in New Delhi at the end of June,” he said.
The government and NITI Aayog officials have, however, maintained that the disinvestment route is being proposed as huge amount of government stakes is “sinking” into the sick PSEs year after year.
Sources said the government may also revisit some of the “privileges and perks” given to employees and executives of PSEs resulting in a situation where income of middle-level workers often surpasses that of chief secretaries of states.
Of the Rs 56,500 crore the government wants to collect through disinvestment in PSEs, the finance ministry has already earmarked Rs 36,000 crore as estimated to come from minority stake sale in PSEs.
During 2015-16, the government could manage to meet less than half the budget estimates at Rs 25,312 crore as against the target of Rs 69,500 crore.
The income through selling stakes in public companies in 2014-15 was however about Rs 24,000 crore, an official source said.
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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