The CPSE index tracking these companies has fallen 30% since its peak last year, compared to a 13% fall in benchmark Sensex. Shipping & banking stocks the biggest losers.
In episode 605 of #CutTheClutter, Shekhar Gupta parses numbers to highlight how public sector firms and banks lost Rs 6.9 lakh crore in value in 6 years.
Public sector firms and banks’ total market capitalisation was Rs 19.1 lakh crore in May 2014, but by 28 October 2020, they have lost Rs 6.9 lakh crore.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
Wholesale disinvestment is the need of the hour. These babus will never mend their ways. Most of these babus are from the Hindi heartland of Bihar, UP, Haryana, MP and Rajasthan. They bring their regressive culture to these organizations which includes a pathetic work ethic. These entitled babus would not last a day in the private sector.
Wholesale privatization is the need of the hour. The Modi government must not be afraid of employee unions.
Welcome to extreme left wing, government occupying commanding heights of economys Modi Raj.
Wholesale disinvestment is the need of the hour. These babus will never mend their ways. Most of these babus are from the Hindi heartland of Bihar, UP, Haryana, MP and Rajasthan. They bring their regressive culture to these organizations which includes a pathetic work ethic. These entitled babus would not last a day in the private sector.
Wholesale privatization is the need of the hour. The Modi government must not be afraid of employee unions.