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India needs to guard against a risk of PSUs being captured by managers

Dr Vijay Kelkar - 2010-01-30 19:22
Over the years, the size of the public sector has increased and currently, there are 473 central PSUs including banks and insurance companies. Out of these, 104 are listed and 369 unlisted; while at the State level there are 1160 State PSUs. It is estimated by informed financial analysts that the valuation of the central PSUs on P/E basis for the listed companies and P/B basis for the unlisted companies is now placed at $ 450-$500 billion dollars or 40-45% of country's GDP.

CAMPAIGN LAUNCHED IN AFRICA TO ERADICATE MALE VIOLENCE AGAINST WOMEN

Special Correspondent - 2010-01-30 18:06
New York: Secretary-General Ban Ki-moon today called on the support of African leaders to give new impetus to his campaign to end the violence suffered by women on the continent, which he called the 'unsung heroines' of development in the region.
New Delhi Letter

REPACKAGING THE BJP

WILL GADKARI’S REVIVAL KIT HELP?
Political Correspondent - 2010-01-30 17:28
Nitin Gadkari will be confirmed as BJP president at the party's national council session in the third week of February. In the normal course, it is absurd to judge an incumbent even before the filing of his nomination papers which is scheduled for February 8. But then Gadkari is not a normal president of the BJP.
India: Rajasthan

GEHLOT GOVERNMENT CAUGHT IN A NEW CONTROVERSY

SC BAN CIRCUMVENTED TO ALLOW ILLEGAL MINING IN ARAVALLI
Ahtesham Qureshy - 2010-01-30 17:24
JAIPUR: The Ashok Gehlot Government is caught in a new controversy: that of allowing illegal mining by private contractors in the Aravalli hill areas in Alwar district.
India

Model rules for the Right to Education Act circulated to State Governments

Special Correspondent - 2010-01-30 06:34
New Delhi: The Model Rules for the Right to Education (RTE) Act have been approved by the Union Minister for Human Resource Development, Shri Kapil Sibal. They have been circulated to the State Governments in the meeting of the State Education Secretaries for SSA and School Education.

India: National Consultations on Bt Brinjal to make Consensus begins

Special Correspondent - 2010-01-30 06:23
Chandigarh: Union Ministry of Environment and Forests in collaboration with the Centre for Environment Education organized an open interaction on National Consultations on Bt Brinjal at Chandigarh. Union Minister of State for Environment & Forests (Independent Charge), Shri Jairam Ramesh interacted with the farmers, scientists, doctors, environmentalists, NGOs and representatives of other section of society to take public perception on the introduction of the Bt Brinjal in India. As many as 500 participants took part in the open session and expressed their views on pros and cons of the Bt. Brinjal.

India's Income, consumption expenditure, saving and capital formation, 2008-09

Special Correspondent - 2010-01-30 06:17
New Delhi: The Central Statistical Organisation (CSO), Ministry of Statistics and Programme Implementation has released the Quick estimates of national income, consumption expenditure, saving and capital formation for the financial year 2008-09. Alongwith the Quick Estimates, the CSO is also introducing the new series of national accounts statistics with base year 2004-05, in place of the previous series with base year 1999-2000.

US$574 million ECF/EFF Arrangements for Moldova approved

Special Correspondent - 2010-01-30 06:04
The Executive Board of the International Monetary Fund (IMF) today approved three-year arrangements for the Republic of Moldova under the Extended Credit Facility and the Extended Fund Facility.

TENTH ANNIVERSARY OF CYANIDE SPILL

Special Correspondent - 2010-01-30 05:59
New York: The tenth anniversary of a massive cyanide spill in northern Romania is a reminder of the need for vigilance to prevent industrial accidents, the United Nations Economic Commission for Europe (UNECE) said.