1011 Government should not PRIVATIZE AIR-INDIA, but it ought to DISSOLVE IT TO THE EXTENT NECESSARY

News reports indicate that Mr. Narendra Modi, the Hon. Prime Minister of India, is just a few days away from giving the final go-ahead for the government to sell off Air India, the debt-laden national airline, according to officials in Delhi. Here is a link to FinancialTimes.Com news report titled: "Sale of debt-laden Air India set for final approval Nearly 70 years of state ownership to end at group that led Asia into jet engine age'. Click here to go to https://www.ft.com/content/0f208898-573d-11e7-9fed-c19e2700005f?mhq5j=e1. To my ignoramus mind of half-baked knowledge, it appears to be a hasty and panic-filled decision. Pushing a boulder from the top of a cliff will be easy, but even that easy task can cause casualities of lives and property, if proper care is not taken. On the other hand pushing up a boulder to the top of a cliff will be extremely hard, and the results of all the Herculian efforts will depend on predicting future, which can sometimes resemble an 'astrological' exercise. Both ponderables and imponderables will have to be carefully searched for, identified, and taken care of, if the Herculian efforts have to give positive results.

Why Privatisation is not a real solution?

To come back and continue adding / deleting / modifying.

877 Chasing with the hounds, and running with the hares, is a pastime for politicians, worldwide.

Mr. Narendra Modi, the greatly popular Prime Minister of India, seems to be riding on two boats. He is very adeptly discharging his double role. On the one hand, he says that he fights on behalf of poor and downtrodden, against the black KuberAs (Kubera = Lord of Wealth, and the Ruler of the North Direction, in Indian Mythology). But his speechees at the recently held jamboree VIBRANT GUJARAT (2017), express a different language. His largesse to the industrialists knows no bounds. When he speaks on behalf of the poor of India, the first half of the adage "chasing with the hounds" will apply. When he praises industrialists and promises them everything under the sky, 'running with the hares' will apply. One can't portray to be a police and a thief, at the same time.

PAEANS SUNG BY shri MUKHESH AMBANI, AT VIBRANT GUJARAT.

Here is a link to a Youtube Video. Click to go to Youtube.com and see a video, of mukesh ambani praising Narendra Modi 7.32 minutes .

What favors Mr. Mukhesh Ambani may want in return?

Read this Zeenews report. Click to go to and study the $1.5 billion claim of ONGC on Reliance. http://zeenews.india.com/companies/ril-slaps-arbitration-notice-on-govt-over-1-55-bn-demand-minister_1950412.html

Reliance Industries has slapped an arbitration notice on the government over a demand USD 1.55 billion demand made on it for "unfairly enriching" by producing natural gas belonging to ONGC, Oil Minister Dharmendra Pradhan said today.

The oil ministry had on November 3 issued a notice to RIL, Niko and UK's BP plc seeking USD 1.47 billion for producing in the seven years ended March 31, 2016 about 338.332 million British thermal unit of gas that had seeped or migrated from state-owned Oil and Natural Gas Corp's (ONGC) blocks into their adjoining KG-D6 in Bay of Bengal.

After deducting USD 71.71 million royalty paid on the gas produced and adding an interest at the rate of Libor plus 2 per cent, totalling USD 149.86 million, a total demand of USD 1.55 billion was made on RIL, BP and Niko.

ybrao-a-donkey's personal observations which are not intended to be imposed on others:

It is strange that ONGC seems to have signed some contracts with Reliance, agreeing for external international arbitration proceedings. International Arbitration Proceedings and Awards tend to be biased and expensive.

Biased because: Overseas Multinationals, particularly the Euro-American Multinationals adopt unscrupulous methods to get awards in their favour.

Expensive because: International Lawyers charge heavily. All International contracts which Indian Corporates and Public Sector Enterprises should invariably provide for settlement of disputes only through Indian Courts. Now, Shri Mukhesh Ambani and Reliance may want India's PM to extricate them from the entanglement.

PAEANS SUNG BY Shri RATAN TATA, AT VIBRANT GUJARAT

Here is a link to a Youtube Video. click to go to view a Youtube Video which shows Mr. Ratan Tata, singing paeans to Shri Narendra Modi.

What favors Mr. Ratan Tata may want from India's PM, apart from general favors which Corporate Heads expect?

Though it may not be as sky-high as $18 billion which Tatas have to write-down, in losses, as pointed out by Mr. Cyrus Mistry-- the ousted-Chairman of Tata Group, it is not clear, how many billions Tatas may have to write-down. Will SEBI overlook everything, treating international losses as non-sense? Will the Government phew phew the losses, as something which is to be an internal affair of the Tata Group?

To continue. सशेष. సశేషం. ఇంకా ఉంది.

825 (Part 1/10) Will Mr. Ratan Tata become another Vijay Mallya? It is difficult to say!

It is difficult for ordinary donkeys like me to answer this question. To answer this question, one should have inside information of what has really happened, is happening, and will happen in Tata Group Companies. Even Federal Bureau of Investigation (FBI) of U.S.A., Scotland Yard of UK, KGB of Russia, (etc. etc. globally), Enforcement Directorate, CBI, Supreme Court of INdia, High Courts, SEBI, Ministry of Finance, Ministry of Commerce, in India, will not be able to answer this question, because most of them will start their work, after something happens, and that something comes out in a significant manner, and in any way after things become nearly UNSOLVABLE. They enter late. Proof: We have seen this in case of Sahara, Vijay Mallya's Borrowings, AgriGold, Sharada Chits (Bengal), Satyam Computers of RamaLinga Raju.

IMPORTANT CLARIFICATION

I do not wish to create here some panicky rumours about Tata Group of Companies, or some other Group of Companies. Writers, do not have such genius brains to create rumours. Writers, basically, are analyists. Then, their thoughts are influenced by some sort of ideas and ideologies, howsoever, anachronistic / outdated they may be. And those analyses are to be based on SOUND LOGICAL REASONING and not on HEARSAY or BASELESS APPREHENSIONS / FEARS.

I have only one grievance and grouse. Year by year, writers are becoming slaves of Capitalists, because writers for their livelihood and survival, depend on the Capitalists. Media Business Analysts, Credit RAting Analysers etc. have lost their sense of reasoning after their socialisation with the Corporate Empires.

NEED FOR WRITERS TO HAVE IDEOLOGIES

My ideology is True-Complete Socialism which may be anachronistic and sometimes seem day-dreaming. What I write here therefore, is an examination of global scenario, UK scenario, Indian Scenario, European Scenario, African scenario etc. from the point of view of attainment of True Complete Socialism through civilised unbarbaric / legally permitted ways, through intellectual upgradation of people, particularly those who take voting decisions. What I write, I intend to make them useful not only to INdian voters, but also global voters, particularly, contextually, now, the American Voters who are going to "DECIDE" their voters in a week's time.

Decisions taken by Heads of Governments / Institutions / Businesses / Corporates, have been, now are, and will continue, to be complex. They will have long term implications affecting economies / political state(s) of countries and Nations. Hence, whether in Capitalism , or in True Complete Socialism, or something else, decisions are to be taken COLLECTIVELY, and not at the fancies and whims of some charismatic individuals, howsoever great their geniuses may be.

LOCAL KNOWLEDGE OF 'CLAN' OR 'DYNASTIC' AFFAIRS

We shall start with an interesting link. Click to go to Deccanchronicle.com dated 29.10.16 containing an Opinion of Ms. Shobhaa Dey about the fallout between Mr. Cyrus Mistry and Shri Ratan Tata. Here is one quote from the article of Ms. Shobhaa which highlights the need for local knowledge, and interest of locals into the affairs of our Corporate Emperors.

"...In India, it’s difficult to get bigger than the reticent Shapoorji Pallonji family. I am not going to trace the family tree to show how exactly the main protagonists in this messy sacking are related — through marriage and otherwise. Even for someone like myself, living in South Mumbai, and not too far from where these billionaires reside, I can tell you confidently, most people wouldn’t recognise anybody from the Pallonji family besides Cyrus Mistry’s bête noire — the larger-than-life, living legend Ratan Tata. Here’s an intricate and complex saga waiting for a television series — so many intriguing players playing such complex games! The mind boggles.. ..."

Ms. Shobhaa Dey has not given the relationship betwee Mr. Cyrus Mistry and Shri Ratan Tata: This information can be studied at the link Click to go to Wikipedia for studying more about Shri Cyrus Pallonji Mistry..

"...Mistry was born to a Parsi family in Mumbai, the younger son of Indian billionaire and construction magnate Pallonji Mistry by his wife Patsy Perin Dubash. Both his parents belong to the Zoroastrian faith and have roots in India. However, Mistry's mother was born in Ireland, and his father chose to take up Irish citizenship. Mistry has an elder brother, Shapoor Mistry, who is also an Irish citizen, and is married to Behroze Sethna, the daughter of Parsi lawyer Rusi Sethna. Mistry also has two sisters, Laila and Aloo. Laila is married to Rustom Jehangir, a London-based portfolio fund manager. Aloo is married to Noel Tata, the half-brother of Ratan Tata. ..."

yb-donkey's personal views, not intended to be imposed on others, but there is nothing wrong in publishing them

Like elsewhere in the world, particularly the USA, Canada, Europe, ANZ, South East Asia, the Corporate Governance in India also is FUMID and MURKY. The only difference is in US-Can, Europe, ANZ, dynastic puppety controls of Corporates are kept closed secrets, whereas in India there is no such "siggu biLLa (Telugu language phrase)". Approximate English for the Telugu word 'siggu biLLa': siggu=shame, shyness. biLLa=a small plate. In old days it was a custom in Telugu language spoken areas, to tie to the waist of cradle-baby-girls and toddler-baby-girls, with a banian-leaf shaped silver-leaf to hide its genitals from the view of elders.

Dynastic Successions in India take place quite openly, though some pretensions are made of first admitting the Princes and Princesses into the Companies as Junior Levels, and make them to work two or three years to gain a first hand experience of ground level working of their Empire. To make this siggu biLLa more meaningful, some Company Patriarchs make their Princes and Princesses to acquire prestigious Business School Degrees from High Profile Institutions and Business Schools like ISB, or foreign degrees from High Profile Degree Merchants like Harvard, Cambridge, Oxford, Yale. Everything proceeds swiftly, to facilitate anointment and coronation of the Princes and Princesses, and to make the crowning ceremonies as legitimate-looking as possible.

Consequently, there are very very few Corporates in India, which do not have dynastic bosses. This is particularly true, even where Professionals are appointed as Chair persons, CEOs or CFOs. They will have to function only as puppets, and should get ready to resign / step down, when strings are pulled by dynastic bosses. This moribund / morient decay continues, in spite of lofty speeches delivered by dynastic bosses, as a part of their Public Relations Exercises.

INDIAN POLITICS

The umbrageousness of the Corporate Governance in India is not different from the umbrageous Country Governance in India. When Mr. Manmohan Singh was made Prime Minister of India for two terms, at least some innocent persons expected that there will be a true professional governance of the country, and there will be little dynastic interference. What is the outcome of the ten year rule of Mr. Manmohan Singh, with his acquiescence to the incursions and intrusions from the Congress President, Vice President, and their coteries? When accusations of corruption in scams such as Telecom Scam, CoalMines Scam, swarmed Mr. Singh, he tried to save himself by referring to ERRORS OF JUDGEMENT, compulsions of coalition Governments, etc. During the tenure of Mr. Singh, decisions which were supposed to be taken on COLLECTIVE DECISIONS, ON THE BASIS OF RECOMMENDATIONS OF EXPERT COMMITTEES AFTER DUE STUDIES, everything was stage-managed to appear as though procedures were meticulously followed, on paper.

As can be seen from the Wikipedia information above, Tatas , while five years back choosing and inducting Mr. Mistry, as successor of Shri Ratan Tata, seem to have taken into account his Zorashtrian faith, and the marital relationship of his sister to Shri Noel Tata of Tata Clan. It is not clear, whether Mr. Mistry conducted himself as an Independent Professional Manager, or as a puppet Manager. Had he conducted himself as a 100% Professional, with its concomitant ethics, probably, he might have been sacked in no time. Instead, he ruled the Company nearly five years, and that long tenure gives an impression that he might have acted only as a symbolic de jurie Head, while the strings remained in the hands of Tata Emperors. Today, probably because as things have gone wrong with some of the businesses of the Group in India and Overseas, when the need for taking up responsibility for decisions arose, the axe seem to have fallen on Mr. Mistry.

Anyway, this blog or this blogpost is not about Mr. Ratan Tata, or the Tata Empire, or Mr. Vijay Mallya or his Brewery Empires. Tatas and Mallyas are only the TIPS of the ICEBERGS in global Business Oceans. Even 10,000 pages will not be enough to discuss the Global Corporate Governance or the Indian Corporate Governance. My remaining active life of about 5/6 years will not be sufficient to discuss. But, there is nothing wrong in trying. To continue. सशेष. ఇంకా ఉంది.

711 Is CPIM a bourgeoisie Party? Bengal CPM Secretary seems to be in a hurry to become CM !

The dividing line between Left Parties and the bourgeoisie parties has already disappeared. There is a proverb in Telugu: "Aru nelalu sahavAsam cEstE vALLu vILLavutAru, vILLu vALLavutAru.". English gist: If 'A' and 'B' make friendship for six months, 'A' will become 'B' and, 'B' will become 'A'. There will be a sort of "double de-composition" we see in Chemistry formulae. Craze can make Left Leaders speak and act in a more 'bourgeoisie' manner, than the traditional bourgeoisie parties.

Shri Surjya Kanta Mishra, CPM Secretary, Bengal, we can probably classify in that category of A becoming B, and B becoming A. He is reported to have said:

"...The first thing we will do is withdraw the case against the Tatas in Singur. We will create an industry-friendly climate..." "...(అధికారంలోకి వస్తే) మేము చేసే మొదటి పని ఏమిటంటే, సింగూరులో టాటాలకు వ్యతిరేకంగా, పెట్టబడిన కేసును ఉపసంహరించుకుంటాం. మేము పారిశ్రామికుల మిత్ర వాతావరణాన్ని సృష్టిస్తాము.

ybrao-a-donkey's humble comments. वैबीराव एक गधे के विनम्र राय . వైబీరావ్ గాడిద వినమ్ర వాణి. You have every right to differ with me. I respect your right. आपको मेरे मत से भिन्न राय रखने के संपूर्ण हक है। मै उस अधिकार को परिपूर्ण रूप से गौरव देता हुँ. మీకు, మీ భిన్నమైన అభిప్రాయాన్ని కలిగిఉండే సంపూర్ణ హక్కు ఉంది. దానిని ఎంతో నేను గౌరవిస్తాను. However, pl. examine this donkey's views also. परन्तु एस गधे के दृष्टिकोण को भी अनुशीलन कीजिये. కానీ ఈ గాడిద దృష్టికోణాన్ని కూడ ఓర చూపుతో కంటజూడుమీ, క్రీగంట జూడమీ.

One doubt which may come to us most of us, in the context of Bengal elections: Did CPM get any donations from Tatas? In India Today, parties can run only if they spend in elections, by collecting funds from industrialists and business persons.

In 2011, CPM lost power by befriending with Tatas, and alienating farmers. TMC seized the opportunity, befriended farmers and opposed Tatas, and captured power.

Industrialists and Business Persons want land. They do not mind even if it is snatched away from small and marginal farmers. Bengal is a land-scarce State. Be it TMC or CPM, where will they get land for pampering industrialists, without snatching it from small farmers?

India is a land-scarce country vis-a-vis its population. Bengal is a land-scarce state vis-a-vis its population.

Question: During the nearly 37 years of CPM rule when Mr. Jyothi Basu and Mr. Buddhdeb Bhattacharya were Chief Ministers, Bengal stagnated. It lost its prime place in the commercial and industrial map of India. Today, it is rotting. Do you want to bring back the rotting culture?

Ans: Industrialists accumulate land for speculative purposes, by inflating their land needs. For example, if they need 100 acres to establish a factory, they will make an application fora 1000 acres, and the Governments may either allocate them 2000 acres or 500 acres depending on the kickbacks exchanged.

Experience has proved time and again that business persons and industrialists are more intelligent than bureaucrats and politicians of 1947-2016 India. If they consider that a business established at place X fetches great profits on the basis of their own methods of calculations, they will not hesitate to buy land at market value and establish their units. Tax concessions for some years and cheap land and power alone do not prompt calculative industrialists to locate their industries.

This is a subject, which needs a thousand posts/pages to write about. For example, why did Mr. Ratan Tata choose "Corus" in U.K. to purchase at an exhorbitant price, rather than starting a new Steel Unit in Jharkhand itself at a reasonable distance from Jamshedpur? If Late Jamshedji TATA could take a decision in the early 20th Century itself which was a Great Success of the Century, when there were no computer forecasting Quantitative Methods, how in 21st Century, could his clan-person take a hasty risky decision to make steel in U.K. ?

To continue. सशेष. ఇంకా ఉంది.