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Showing posts with label PSU. Show all posts
Showing posts with label PSU. Show all posts

Friday, July 31, 2009

No private airlines to fly on Aug 18 - PSU vs Pvt once again

Trust the media to always blindly attack PSUs.. We kept reading so many articles on how AIR INDIA should get closed down because it is making losses.. but the same media experts forgot about JET and Kingfisher who too were making losses..we wonder... are these media people in the employ of these Private Business people?

Here is a letter to PM

Dr Manmohan Singh,
Prime Minister,
New Delhi
Dear Sir,
Regarding media news "No private airlines to fly on Aug 18", I wish to advise as under:
They have flourished and become fat by getting financial incentives out of public money, getting administrative and infrastructure support from the Govt agencies like Aviation Ministry / Finance Ministry / Petroleum Ministry / Oil Companies / Airport Authority etc.
Govt has invested huge money in constructing / renovating air ports at major cities like Delhi, Mumbai, Bangalore, Ahmedabad, Kolkata etc to help primarily these private airlines.
This lopsided priority has deprived the suffering masses of primary education, primary health facility and the affordable housing.
Mr Praful Patel Union Aviation Minister and Mr Murli Deora Union Petroleum Minister have gone out of the way, have abused their position to get price reduction in the price of ATF (while for MS, HSD, SKO, LPG etc used by common man, it was not done), discount on ATF, authorised and even unauthorised / illegal credit on supply of ATF to private sector airlines.
The situation in India of undue political interference has been like Italy in Alitalia case particularly with reference to the Air India / Indian Airlines. Their merger has not achieved the stated objective of synergy and the claims of UPA Govt for PSU mergers are simply bogus.
Further, these money hungry private sector Airlines operators have not passed on the financial benefits to the air line passengers, gone back on their promises and the Directors of these private lines have pocketed the money.
In their greed to increase their own business exponentiallly, with full support by Mr Praful Patel, kept non-viable low air fares and unnecessarily indulged into price war to initially lose money.
The beneficiaries of aviation sector are less than ninety five percent citizens of India and, if they close down, heaven is not going to fall. Railways and Private bus operators shall gain while the millionaires and billionaires have their own jets and helicopters to fly. Govt officers entitled to air journey can very well travel by train or by Air India.
Considering the above, UPA II Govt must convey in no uncertain terms forthwith to the Greatest Traitors, the unethical opportunist limpets who have thrieved on public money that they have no business threatening, they can go to hell if they do not want operate in India.
Let them close down their shops in India & go to other countries for business as, in this global village era, there will be no dearth of other country Airlines to utilise the infrastructure already available / further augmented in India for operating the flights.
While concluding,
I would request to sack Mr Praful Patel and Mr Murli Deora forthwith for creating this situation by undue favouritism and pampering.
I would also request stopping wastage of public money that does not help in any positive manner to the suffering masses of India.
With kind regards,
(Babubhai Vaghela).
C 202, Shrinandnagar V, Makarba Road Vejalpur, Ahmedabad - 380051 M - 94276 08632 http://twitter.com/vaghelabd http://www.esnips.com/user/vaghelabd http://www.youtube.com/user/vaghelabd (Administrator - Google Group - Right to Information Act 2005) http://groups.google.com/group/Right-to-Information-Act-2005/about?hl=en
References :
Further to assistance from CAG requsted - Regarding (1) Recovery from Third Parties RTI Ref : SMPPESCOQ5 (2) Unauthorised huge credit to Airlines by Oil PSUs (3) Rs 50 crore unauthorised credit to GSRTC by IOC...
http://groups.google.com/group/Right-to-Information-Act-2005/browse_thread/thread/b2a40c4d12bfd5c8/afc5eb42d9f2d5fd?hl=en&lnk=gst&q=deora#afc5eb42d9f2d5fd
PUBLIC LOOT : ATF Prices Cut by IOC BPC HPC but Not THE Airfares.
http://groups.google.com/group/Right-to-Information-Act-2005/browse_thread/thread/4bd02d574b6b1d38/6902ffad0f6724f0?hl=en&lnk=gst&q=atf#6902ffad0f6724f0
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http://m.economictimes.com/PDAET/articleshow/4842352.cms
AIRLINES / AVIATION
Private airlines seek bailout from government31 Jul, 2009, 1723 hrs IST, Economictimes.com and Agencies

Boeing's 787 Dreamliner Sukhoi Superjet 100 Air Force One India's Air Force One Top 15 global airlines
NEW DELHI: Private airlines on Friday sought bailout from the government and have threatened to suspend operations on August 18. The airlines have further threatened to call off domestic operations completely if the government does not give them a hearing. ( Watch ) According to FIA the total loss for aviation was at Rs 10,000 crore for 08-09. The ATF taxes are unviable and the estimated airline levies stand at $250 million. According to Vijay Mallya, airlines will refund the money for the passengers who have bookings for August 18. The international operations however, will not be impacted. According to Jet Airways' Naresh Goel, this is not an ultimatum to the government but only a way of drawing government's attention to the poor plight of the airline industry. "The operations are not sustainable any more and we have been asking for government's help for a long time now," added Goel. Earlier in the day, Indian flagship carrier Air India, struggling with massive losses, has cancelled orders for five Boeing 777 planes.
Also Read
Now, Kingfisher Airlines to delay salaries
Airlines in the country lose Rs 2,445 crore in 2007-08: Govt
Lockheed eyes more deals after India-US defence pact
Loss-hit Air India cancels five Boeing orders: Report
Earlier Kingfisher Airlines had warned its 6,000 employees of a delay in salary payment. In an email, its executive vice-president Hitesh Patel had asked its employees to be prepared for delayed salaries and embarrassing dealings with unpaid vendors in the coming days. Mr Patel said the company was in a tight situation regarding finances and it had trimmed its fleet to 69 from 89 to cut costs. The government on Thursday said leading airlines in the country had suffered losses over Rs 2,44,483.7 lakh during the 2007-08 fiscal.

Saturday, June 20, 2009

Ineffective CVC

Whistleblower ACT has lost its meaning.. and corrupt people continue to roost and control our lives.. A daring few who gather facts and complaint to Authorities against Corruption are NOT at all protected but rather Persecuted! These daring few are trying to make our .. yesss! your and my life better..... but what do we do? We sleep..

The document below is from DAINIK Jagran 17/6/09 issue at this link
http://in.jagran.yahoo.com/epaper/index.php?location=49&edition=2009-06-17&pageno=3

It is in Hindi so for non Hindi Readers.. the gist is :-

Govt of india appointed the CVC as a nodal agency for acting upon the complaints of corruption against high level officers in public sector undertakings. The whistle blower resolution was also approved for this purpose only . For CVC the the contact officers were CVO's in respective organisations i.e PSU's , CVO' were supposed to act upon the complaints within a month's time and confirm compliance to CVC , which neither respective CVO's did nor the concerned Ministry's did ( Ministries also have their own CVO' s} . In the process complainants got victimised and harrased buy respective managements. Now CVC is being severly criticised for their inaction , and in turn Govt is being criticised for having a toothless body like CVC, after criticism , CVC has woken up and asked all CVO's to submit replies for pending cases in their organisation immediately.

Dainik Jagran News of 17.6.09 in Hindi on Whistleblowing

Friday, June 12, 2009

CBI case against Corrupt IAS Officer

IAS official, Secy MOPNG under Net of CBI now!

CBI registers case against Former Petroleum Secretary Shri M.S. Shrinivasan, IAS, Mssrs. Authentrix Limited and senior officers of IOC, HPCL and BPCL on the initial complaint made by whistleblower Ashok Singh, Regional Manager HPCL.& R.P.Srivastava Sr. Mgr.(ops)

CBI has registered a corruption case against the former Petroleum Secretary Shri M.S. Srinivasan for having favoured a British Company Mssrs. Authentrix Limited. The other accused persons are the officials of IOC, BPCL and HPCL.

This complaint was originally lodged by Shri Ashok Singh, then serving Regional Manager HPCL in May 2009 with the CBI. Three days after the complaint was lodged, Shri Singh was suspended and later dismissed from Service by the Hindustan Petroleum Corporation of India (HPCL).

This issue was taken by Simpreet Singh, the undersigned, as a Public Interest Litigation with the Bombay High Court whereupon the CBI agreed before the Court that they would investigate the matter. Accordingly, the CBI registered a case vide PE/BA1/2009/A0001. The letter of the CBI in this respect is attached hereto.

The Brief facts of the complaint are detailed hereunder:
5.0 BRIEF FACTS:
5.1 For the reason of making an effective system of detection of adulteration in the petroleum products, a study was conducted, somewhere in the year 2005, by Petroleum Planning & Analysis Cell, which is under the direct control of Accused No. 1. Pursuant thereto, teams were sent to U.K. and Kenya to study the systems which were prevailing there.

5.2 It was clear that the brief and duty of this Cell was only to conduct an academic study about the technical aspects of using the marker system, so that specifications could be defined based on which global tenders could have been called.

5.3 However, it was seen that instead of preparing such specifications, this Cell, apparently on the instructions of the Accused No. 1, sent a letter on 21st October, 2005, to all the Public Sector Oil Companies instructing them to examine the commercial proposal of Accused No. 2, Mssrs. Authentix. Hereto annexed is the copy of the said letter and the same is marked as EXHIBIT-"A".

5.4 As per the report prepared by this Cell, Mssrs. Authentix, with the help of an executing agency in India, namely, SGS, would conduct marking for Petroleum products by mixing it with chemical markers. They would also conduct the statutory functions of checking the petrol pumps for adulteration, taking samples and testing them.

5.5 Based on this report, on 5 July, 2006, Accused No. 1, conducted a meeting of the three public sector oil companies. Thereafter, the said Accused No. 1 gave the following orders through the minutes circulated vide letter dated 12th July, 2006:

“IOC would coordinate on behalf of the Industry and finalise the modalities/contract and ensure placing of orders/signing of contracts or agreements with Mssrs. Authentrix”. (Emphasis supplied).

5.6 For the reason of the aforesaid instructions, representatives of the 3 public sector oil companies, on 26th July, 2006, conducted a meeting. Pursuant thereto, they decided to grant the contract to Accused No. 2 and 3. In this meeting, detailed modalities were worked out as to how to effect the execution of this contract by placing orders with Accused No 2 and 3.
5.7 After the aforesaid decision was taken contracts were awarded to Accused No. 2 and 3, by HPCL, BPCL and IOC, initially for a period of one year which has been extended by another one year. The aggregate value of the contract for two years is about Rs. 200 crores.

5.8 From, the aforesaid, it is seen that the accused persons, by indulging in a criminal conspiracy, abused their official position and violated the laws of the land. Accordingly, they have committed a clear-cut offence under section 13(1) (d) of the Prevention of Corruption Act, 1988.

6. CONCLUSION: While the accused persons have been booked but something need to be done for the act of those accused persons who had dismissed the whistleblowers from Service and who suspended Shri Ashok Singh just 3 days after the lodging of CBI complaint. Such whistleblowers need to be protected for the sake of transparent administration.

7. For further details contact the undersigned at 9969363065. For more details on legal aspects please contact our lawyer Shri Y.P. Singh at 9820233791.

8. The original complaint and the letter of CBI dated 27.5.09 is attached.
Simpreet Singh


CBI case against Corrupt IAS Officer

Friday, May 1, 2009

Dr. MANMOHAN SINGH WHY?

Dr. Manmohan Singh-- Why??
  • The central PSUs are an important constituent of the Indian economy, and have been a major instrument in driving industrial growth, economic development, employment generation and equitable distribution of wealth in post-independence India.

  • Our pay revision was due from 1.1.2007 after ten years of constant persuasion and perseverance. During the Oil Sector Strike, Government advertised that at entry level the salary (CTC) in metro shall become one lakh per month. The facts are otherwise. The details are:


Why did the UPA Government lie to the Public?



  • Hon’ble Prime Minister – today the fulcrum of economy is CPSUs. The total income of the CPSUs was Rs 14,675.41 bn during FY08, which was equivalent to 31.1% of India’s GDP at current market prices. Why have you painted the PSUs in wrong picture?

  • The effective tax rate for the PSUs grew from 28.9% in 2004 to over 31.4% in 2008 while the effective tax rate declined by over 350 basis points for private sector companies to 22.9% for the same period. Why this government that uses our tax payers money for their salaries could not give us a fair pay revision?

  • In 2008, the public sector companies paid over 33.5% of their net profit as dividends to equity shareholders, whereas their private sector peers paid only 20.6% of their profits as dividends. Hon’ble Prime Minister why when we give so much to the country our salaries are only 30% of the private sector.?

  • Hon’ble Prime Minister – why this vast variance between what you government advertised and what we shall actually get now?

  • The Government has failed all the CPSUs and wants to finish off the technocrats that are actually contributing to this country.

  • We love our country and shall continue to deliver. But what has this government done to us is nothing but disrespected us, demoralized and demotivated us.

OFFICERS AND FAMILIES OF CENTRAL PUBLIC SECTOR UNDERTAKINGS.

Wednesday, April 29, 2009

BJP's Infrastructure Vision

BJP seems to have a vision that will help PSUs to grow. Please read the relevant pages from the whole document below..

BJP's Infrastructure Vision

Monday, April 20, 2009

Mockery of Governance

If forcing unviable pricing was not enough, the government now wants public sector oil companies to spend 2% of their profits on social programmes.
The directive makes a complete mockery of the high standards of corporate governance the government wants India Inc to follow.

The dominant shareholder, the government, has unilaterally taken a decision that has a bearing on the investment and returns of other stakeholders. The government would do well to set a better example. The big four oilcos — ONGC, Bharat Petroleum, Hindustan Petroleum and Indian Oil — are all listed on stock exchanges with public shareholding ranging from near 20% in Indian Oil to 48.9% in Hindustan Petroleum.

The 2% levy on profits for corporate social responsibility (CSR) spending would depress the valuation of these companies and create a handicap vis-a-vis private sector competitors, apart from upsetting their capital investments and dividend plans. Besides, given the political culture we possess, the sort of social spending the government is suggesting for oilcos would degenerate into funding schemes in, say, the petroleum minister’s constituency and/or those of top leaders of the ruling party. In fact, such misuse of PSU funds is already widespread, the current proposal only seeks to set aside more funds for the same.

True, there is a case for companies to conduct their affairs in a way that enhances social and environmental sustainability. The objection in this case is in the limited context of corporate governance or the apparent disregard of it.

There is a need for a wider stakeholder consensus in deciding what CSR projects a company may want to take up and the extent of spending. One important objective of listing state-owned companies on stock exchanges is to subject them to stock market discipline and bring in more transparency by making the m accountable to non-government stakeholders. If the government still insists on running them as private fiefs then it is better that it buys out the public and delists them. A listed state-owned company must respect shareholder democracy.

Source: Mockery of governance
20 Apr 2009, 0246 hrs IST, ET Bureau

Wednesday, April 15, 2009

Mera Desh Mahan- MPs ENJOY on PSU money

MPs enjoy FIVE STAR LIFE at the COST OF PSUs.. and PSU officers DIE for them -Specifically one officer of HPCL died taking care of these MPs... while the Poor gets poorer --- Mera Desh Really Mahan!!

..and MIND IT.. it is not JUST CONGRESS-- All Parties are involved even CPI(M) - that great Upholder of the downtrodden!!

From: Bimal Khemani
e.mail: bimal.khemani@ rediffmail. com
Member TRAP , TRANSPARENT REELIABLE ACCOUNTABLE PEOPLE’S MOVEMENT
To: Right-to-Information-Act-2005@googlegroups.com

Dear Friends,
At the time of 26/11 attack on MUMBAI, few questions arose in my my mind.

1. The CM of Maharashtra spoke to PM Manamohan Singh at about 10.00 p.m. and informed him about the situation and requested him to send NSG to bail out Mumbai in this grave situation of organised terrorist attack. The NSG arrived at Mumbai at about 7.00 a.m. i.e. after 9 hours. From various channels and News papers it appeared that in want of an air craft the NSG could not move out to reach Mumbai, as early as they could.

2. It appeared in some news papers that some of our Parliament Members and some staff of Rajya sabha , who had meeting with Bank of Baroda, Nabard, Air India etc. as the members of the Committee on Subordinate legislation, were there at HOTEL TAJ during the attack.

To clear my doubts, I took help of RTI and am glad to share my doubts and the replies received from the authority

My doubt no. 1. What all these Parliamenterian and Rajya Sabhay Secretariate staff were doing there? Are they entitled to stay in luxurious hotels at the cost of WE THE PEOPLE, So I sent my application to Rajya Sabha Secretariate.

My query and the reply are attached herewith , which are self explanatory. They are not entitled to 5 Star Hotel accomodation.

My doubt no. 2 To the best of my knowledge about 100 Commandos of NSG are always kept ready for any evantuality and can be moved out with in 15 mts. time, Then why a time of 9 hours was required to reach them to MUMBAI. There is a big fleet of Air Crafts especially and exclusive for the use of VVIPs and are always kept prepared. Why those crafts could not be used for the protrection of WE THE COMMON MAN. So I sent another RTI application , attached herewith , which is also self explanatory.

My doubt no. 3, Whether any other air craft of any private airlines may be of domestic or foreign companies , were available from 10.00 p.m. to 5.00 a.m on 26/27 Nov. I sent my RTI application to Air Port authority and as per their reply atleast 1 dozen of big aircrafts were available as per records of AIR TRAFFIC CONTROL and forther details are awaited from DIAL.
My dear friends, The information which I share with all is a proof how our politicians treat them selves above the law and also treat WE THE COMMON MAN.They stay at 5 star hotels at our money for which they are not entitled, why they can not stay in various Govt. Accomodations as maintained by state Govt., Public Sector Undertaking etc.

For this emergent situation created by terrorists our government can not put the valuable VVIP air crafts for the service of NATION and ferry our forces to fight against enemies. Our National Disaster Managemenrt group or the Aviation ministry does not dare to requisition the available air crafts for the defence of WE THE COMMON MAN.

Phir bhi hum garv se kahate hai MERA DESH MAHAN.
BIMAL KUMAR KHEMANI


---------RTI reply-1 -----------------


-----------end of RTI Reply-1------------------


-------------Rediff New Item --------------------
MPs ENJOY 5-STAR FACILITIES


----------end of Rediff New Item-----------

Tuesday, April 7, 2009

PSU oil cos to fuel growth with Rs 57,000-crore spend

Public sector oil companies have prepared a mega plan to help re-fuel a sputtering economy ........ READ below

27 Mar 2009, 0414 hrs IST, Rajeev Jayaswal, ET Bureau

NEW DELHI: Public sector oil companies have prepared a mega plan to help re-fuel a sputtering economy without any burden on the exchequer by spending Rs 57,000 crore next year on expanding supplies and building new transportation networks for oil and gas, a government official here said.

“The investments will help in accelerating economic activity at a time when private investment is shrinking. Most of these investments will be made in domestic projects and their economic benefits will be reaped locally,” said the official, who did not wish to be identified.

The government is expected to contribute only a tiny fraction of the cash needed for the ambitious stimulus activity. Virtually the entire amount, Rs 57,476 crore, will be met through internal accruals of 13 public sector oil companies. The government will be required to spend only Rs 25 crore, he added.

According to the mega plan, domestic exploration and production (E&P) major Oil & Natural Gas Corp (ONGC) will be the top investor with a budget of Rs 30,233 crore for 2009-10. This includes an outlay of Rs 9,365 crore for its foreign arm ONGC Videsh (OVL).

Fuel retail giant Indian Oil Corp (IOC) will be spending Rs 11,000 crore in the next fiscal, up almost a third from Rs 8,500 crore budgeted for the current financial year.

ONGC is aggressively investing money in its E&P business with projects worth Rs 60,000 ($12 billion) under construction, according to ONGC chairman and managing director RS Sharma.

“We don’t intend to slow down our spending plans. The board has approved investments worth Rs 25,000 crore in the past six months,” Mr Sharma said on the sidelines of an industry meet on Thursday.

Gail (India) has raised its budget by 63% in 2009-10 at Rs 5,558 crore compared to Rs 3,413 crore in 2008-09, a company executive said. “Most of the funds will be spent on developing pipeline capacities and in city gas distribution (CGD) projects. Most of the materials (such as pipes) for the projects will be supplied by domestic firms. Besides, the projects will employ thousands of workers from the unorganised sector,” he said.

A Planning Commission official said the oil ministry had demanded only Rs 25 crore gross budgetary support for Rajiv Gandhi Institute of Petroleum & Technology. “All other outlays are funded through internal and extra budgetary resource,” he said.

Other public sector oil companies that are a part of the spending plan include Bharat Petroleum Corp (BPCL), Hindustan Petroleum Corp (HPCL), Oil India (OIL), CPCL, BRPL, NRL, MRPL, Balmer Lawrie and Biecco Lawrie.