Public Sector Enterprises were to shoulder a vital role in economic development of independent India in accordance with the letter and the spirit of the Constitution, especially consistent with the State’s mandate stipulated in the Directive Principles.
Legal and governance infirmities in the allotment of mineral blocks to private parties
The Commission wishes to point out that extractable mineral resources are severely limited and at the present rates of production, they may not last more than 10-20 years. It is, therefore, necessary that they are conserved to the extent possible by ensuring that the demand for minerals is prudently managed by enhancing their end-use efficiencies, recycling their use to the extent feasible and replacing their use, to the extent possible, by renewable substitutes.
People’s Commission’s Statement on Privatisation of Rashtriya Ispat Nigam Ltd
The Central Government has put RINL's 6.3 MTPA capacity steel plant at Visakhapatnam (with its subsidiary, Eastern Investment Limited) on the anvil of disinvestment and is planning to issue an expression of interest shortly. It is a part of the sweeping, indiscriminate disinvest programme announced by the Finance Minister in her Budget Speech of 2021 and formally translated into action through DPE's guidelines
The Adani affair: Collapse of regulatory structures | Statement from People’s Commission
The Hindenburg revelations, which triggered a period of unprecedented volatility in Indian capital markets, pertain to the recent meteoric rise of one of India’s top conglomerates, the Adani Group. At the heart of the issue is how a permissive regulatory regime facilitated this rise.
Policies and Programmes for Fertilizer Production and Use
The global fertilizer production situation and demand for fertilizers in the context of the rise in energy and gas prices, Covid 19 pandemic, and the ongoing Ukraine war are in urgent need of a critical evaluation of the policies and programmes under implementation for fertilizer production and use from the side of the policymakers, farmers’ leaders and scientists in India.
New India’s ‘Development’ Divide: A Modern-day Apartheid?
At the fag end of their tenure, the ruling class in Delhi have made these startling discoveries: there is a huge middle-class in the country who need crumbs from the government; there are 30-40 crore workers employed in unorganised sector who are poor and need to be empowered; there are 12 crore small and marginal farmers who need state’s largesse to survive, and there are 130 crore citizens whose efforts to realise the goal of a New India needs to be boosted.
Privatisation of public sector banks would run counter to the constitutional obligation of the Govt
In the Budget speech last year, the Finance Minister mentioned that the government would privatise a few PSU banks in due course. There are reports on statements originating from the Ministry that the government would introduce a Bill during the coming monsoon session for enabling it to privatise PSU banks in principle, create provision for outright sale and relax the cap on foreign equity holdings in them. DIPAM is also conducting road shows in the USA to sell IDBI Bank.
In this connection, we wish to caution the government about the legal and other far-reaching implications of privatising any PSU bank.
3M (Machine, Money, Media) challenges to India’s Electoral Democracy | Press Release
Machine voting and counting poses clear and present danger to the integrity of India’s electoral process and therefore its democracy. Large number of electorate have expressed serious doubts about its tamperability, hackability and vulnerability for injection of spurious votes. Several representations on this have been sent by civil society organisations and individuals to the ECI that have evoked no response whatsoever.
Electricity (Amendment) Bill-2022 will have far-reaching impacts on the finances of the States
Press Release Date: 30.06.2022 Prelude The Government of India (GoI), a few years ago, had unilaterally enacted the three farm laws, in addition to introducing a Bill to amend the Electricity Act-2003, without taking the States and the farmers’ association into confidence. Since both the farm laws and the Electricity Bill would adversely affect agriculture... Continue Reading →
Fertilizer Sector: Crisis demands strengthening domestic production through PSEs
A spurt in global demand for fertilizers after the pandemic from most agrarian countries including US, EU, Brazil, China and India, has already upset the availability and price level of mineral fertilizers all over the world.
Coal and Power crisis in the country | Press Release
In order to bring out the actual reasons for the colossal failure of the Coal and Power system management and enable corrective action, an independent enquiry should be constituted into the coal crisis that occurred once during 2021, has enveloped the country during the summer of 2022 and is likely to extend into the monsoon.