To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, From media reports, it appears that both DIPAM and the Ministry of Mines are in a hurry to divest the…
To Shri Rajiv Gauba Cabinet Secretary Dear Shri Gauba, For the last several years, I have been questioning the Union Mines Ministry's proposal to disinvest government's residual equity share of…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, This refers to my last letter dated 16-9-2022, and the previous correspondence, as well as the recent report (https://timesofindia.indiatimes.com/business/india-business/lic-plans-changes-to-revive-battered-stock-report/articleshow/95146851.cms), on the…
Letter to State Chief Ministers Respected Chief Minister, I have addressed you through a series of letters on the need for the States to form a "Federal Front" to persuade…
Had DIPAM conducted due diligence on bidders' background, it would have avoided causing embarrassment to the government in Pawan Hans disinvestment To Smt Nirmala Sitharaman Union Finance Minister Dear…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I gather that the government has decided to scrap disinvestment of the Central Electronics Ltd (CEL), apparently on the ground that…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I have come across a report today (https://www.business-standard.com/article/finance/lic-exploring-all-options-on-dematerialisation-of-insurance-policies-122091500928_1.html) that the Insurance Regulatory Authority of India (IRDAI) has proposed to "dematerialise"…
To Shri Anil Kumar Jha Union Tribal Affairs Secretary Shri Alok Tandon Union Mines Secretary Shri Amitabh Jain Chief Secretary Chhattisgarh Dear S/Shri Jha, Tandon and…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Over the last few months, I have addressed the government more than once, expressing my concern at the undue haste…
To Shri Rajiv Gauba Union Cabinet Secretary Dear Shri Gauba, I have cautioned the government several times on the need to strengthen the CPSEs from the point of view…
“We must have full control over our electricity production and performance”, said the French Prime Minister recently, when she informed the Parliament of the government's decision to increase its equity…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, In your Budget speech last year, you had mentioned that the government would privatise a few PSU banks in due…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Your Ministry seems to be rushing into monetisation of assets of the CPSEs without adequate due diligence on the…
The Indian National Congress under the leadership of Prime Minister Mr Rajiv Gandhi was responsible for the beginning of half-hearted liberalisation policies in the name of economic development and modernisation…
To Shri Rajnath Singh Union Defence Minister Dear Shri Rajnath Singh, Kindly refer to my earlier letter dated 3-2-2022 (https://countercurrents.org/2022/02/should-the-government-disinvest-beml-at-all-is-it-not-imprudent/) raising concerns against the proposed privatisation of Bharat Earth Movers…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I refer to my earlier letter of May 19, 2022 (http://eassarma.in/sites/default/files/public/Drop-privatisation-forthwith.pdf) calling upon your Ministry to drop all further disinvestment…
To Shri Rajiv Gauba Union Cabinet Secretary Dear Shri Gauba, In the past, I had written to your predecessors and the Ministry of Mines not to divest the government's share…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Please refer to my letters dated 6-3-2022, 11-4-2022, 16-4-2022 & 23-4-2022 addressed to you on the manner in which the…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Please refer to my letters dated 6-3-2022, 11-4-2022 & 16-4-2022 addressed to you on the manner in which the…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Please refer to my letters dated 6-3-2022 & 11-4-2022 addressed to you on the manner in which the…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Please refer to my letter dated 6-3-2022 addressed to you on the manner in which the proposed LIC IPO would…
To Shri Pinarayi Vijayan Chief Minister Kerala Dear Shri Vijayan, I wish to compliment the Kerala Legislative Assembly for unanimously passing a resolution voicing concern over the Centre's move to…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, Earlier, I had written two letters to you (https://www.moneylife.in/article/lic-ipo-gross-underestimated-valuation-put-it-on-hold-says-eas-sarma/66146.html, https://countercurrents.org/2022/01/cpse-disinvestment-valuation-approach-flawed/) about the flawed approach to valuing the LIC…
To Shri A K Bhalla Union Home Secretary Dear Shri Bhalla, The Ministry of Home Affairs (MHA) seems to be rushing into privatising the electricity distribution systems in…
2021 Disinvestment Policy: The sweeping, ill-advised disinvestment policy announced by the NDA government in December, 2021 has put most of the national wealth on a distress sale. The few oligarchs…
To Shri K Chandrasekhar Rao Chief Minister Telangana Dear Shri Chandrasekhar Rao garu, I welcome your statement expressing Telangana government's opposition to the Centre's move to privatise Singareni Collieries. It…
In her last budget speech in 2021, the Finance Minister declared the government’s disinvestment plans for the Life Insurance Corporation of India (LIC). Already, amendments to the LIC Act have…
To Shri Rajnath Singh Union Defence Minister Dear Shri Rajnath Singh, I understand that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance has processed disinvestment…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I write this in continuation of my earlier letter dated 24-1-2022 (https://countercurrents.org/2022/01/cpse-disinvestment-valuation-approach-flawed/) expressing my concern at the flawed valuation methodology adopted by the…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I refer to my letter dated January 15, 2022 on the imprudence of listing LIC in the stock market and…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I understand from news reports that the LIC IPO is going to be issued shortly. Keeping in view the fact…
Letter to Prime Minister Privatisation of Central Electronics Lt. (CEL) and Bharat Earth Movers Ltd (BEML) runs counter to the Prime Minister's Atmanirbhar effort To Shri Narendra D Modi Prime…
To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, I understand from news reports (https://www.livemint.com/companies/news/government-clears-sale-of-central-electronics-for-rs210-crore-11638195251682.html) that the PSU, Central Electronics Ltd (CEL) is about to be sold to…
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