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.
Please refer to our earlier statement on LIC here. Based on the further developments, we are issuing another statement because of the National Importance. First, We wish to reproduce below the prophetic words of Shri C D Deshmukh, the eminent Finance Minister who had the vision to create the LIC in 1956: “The concept of... Continue Reading →
January 21, 2022 Peoples Commission on Public Sector and Public Services Statement on LIC IPO The Finance Minister in her budget speech in 2021 announced disinvestment of government stake in the Life Insurance Corporation of India (LIC). According to news reports, the LIC IPO Prospectus is likely to be issued in early February 2022. It... Continue Reading →
Reserve Bank of India should reverse its policy with regard to allowing Non-Banking Financial Companies (like the Adani Capital) to have tie-ups with Public Sector banks (like the State Bank of India) for co-lending to the farmers and other small borrowers. The undersigned demand an immediate reversal of this arrangement as it will have serious implications for the public.
Statement on CEL Sale by Peoples’ Commission on Public Sector and Services The Cabinet Committee on Economic Affairs (CCEA) empowered alternative mechanism for disinvestment is reported to have finalised selling 100% equity of Central Electronics Ltd. (CEL), a Central Public Sector Enterprise (CPSE), for a paltry sum of Rs 210 Crores, to a private entity... Continue Reading →
Statement Peoples' Commission on Public Sector and Services We wish to express our outrage and deep concern about the recent notification issued by the Department of Public Enterprises (DPE) in the Union Finance Ministry, which sets “guidelines” for the new policy for public enterprises in the “non-strategic” sectors. The “guidelines”, issued on December 13, which... Continue Reading →
Why does the government want to privatize the public sector general insurance companies? Download the full presentation here:5. GIC
Learn more about why the LIC IPO should be stopped. Download the whole presentation here: LIC Presentation
Learn more about why 'Privatisation of Banks' is against the interest of the people and the country? Download the full presentation here: 3. Bank Privatization
Read more about the effect and implications of privatization of Public Sector, by Prof. Sushil Khanna. Download the full presentation here: 2. SKhanna-Privatising-IndiaDec2021-Swarajya