loss making ONGC, Air India, BSNL may shut down

[acid rain]

The fate of some Public Sector Undertakings (PSUs) in India hangs in balance as government officials discuss proposals to shut down some loss-making state-owned companies.

Some of these PSUs, including Air India, BSNL, ONGC, SAIL, Hindustan Photofilms, Hindustan Fertilisers Corporation and HMT have been consistently bleeding cash and have survived only on budgetary allocations.

Govt May Shut Down Loss-Making PSUs Like ONGC, Air India and BSNL

LOLWA

 

[WishLivePak]

They won't be shut down, but he make private entities. Or current airlines will buy the international slots from it, or aircraft etc. But they won't be obliged to take persons, unlike equipment.

 

[DARIUS]

Or the majority shares should be sold out t private players I mean if they want!!!

 

[scorpionx]

Another very competent industry that has already been liquidated is Mining and Allied machinery Corporation.

 

[trollhunter]

privatize at some extent would be good.....

 

[Bang Galore]

Some of the companies not in business anymore sit on prime land. That alone should give the government great value.

privatize at some extent would be good.....

Where there is no monopoly, it is best to either completely privatise or privatise to a very large extent. Even companies like BHEL & BEML must be largely privatised with government holding a minority stake with the caveat that any land sales must be approved by the government & a predominant portion (if approved) of the value must go bacl to the government.Will prevent asset stripping.

 

[thesolar65]

Anybody who has ever wore an HMT watch?(as most of the members are young). I have and it was quite robust.

 

[IPL5]

Since when ONGC become a loss making unit ?

 

[acid rain]

Some of the companies not in business anymore sit on prime land. That alone should give the government great value.



Where there is no monopoly, it is best to either completely privatise or privatise to a very large extent. Even companies like BHEL & BEML must be largely privatised with government holding a minority stake with the caveat that any land sales must be approved by the government & a predominant portion (if approved) of the value must go bacl to the government.Will prevent asset stripping.

All these dead psu's are the heritage of failed nehruvian legacy which congress held on to for decades. They are money pits that has been making money to their bosses rather than serving the nation. They should be buried.

Since when ONGC become a loss making unit ?

5 people have been appointed to do the job of one. Check their balance sheet over decades. It's a money pit. The only asset is their holdings in for in foriegn oil fields, but private firms are doing a better job.

 

[utraash]

Start with BSNL...... It should be sold out immediately......

 

[pursuit of happiness]

The fate of some Public Sector Undertakings (PSUs) in India hangs in balance as government officials discuss proposals to shut down some loss-making state-owned companies.

Some of these PSUs, including Air India, BSNL, ONGC, SAIL, Hindustan Photofilms, Hindustan Fertilisers Corporation and HMT have been consistently bleeding cash and have survived only on budgetary allocations.

Govt May Shut Down Loss-Making PSUs Like ONGC, Air India and BSNL

LOLWA

--
Not happening ..
they are going for marginal DISINVESTMENT but retain majority stake
ONGC
is jewl of indian PSU..
its in loss due to its bailin out other oil psu from under recovery
ongc is strategic asset and not loss making
Govt to decide fate of loss-making PSUs like Air India, BSNL - Moneycontrol.com
----
Air india
its loss making . reason being partly govt partly Air managt and employees
What to Do With Air India? - India Real Time - WSJ
Former CAG Vinod Rai's revelations confirm Praful Patel's hand in Air India's downfall - Firstbiz
its again imp nationl asset and strategi ones
if it can run like independetnPSU like once, hpcl, bpcl... withot political appointmet then it should run as independant got prg
rest even private secotr is in big losses in india
so does not make sense to be privatise it
remeber its role in evacuation f
-13 August to 11 October 1990 – Air India entered the Guinness Book of World Records for the most people evacuated by a civil airliner. Over 111,000 people were evacuated from Amman to Mumbai – a distance of 4,117 km, by operating 488 flights in association with Indian Airlines, from 13 August to 11 October 1990 – lasting 59 days. The operation was carried out during Persian Gulf War in 1990 to evacuate Indian expatriates from Kuwait and Iraq.
source - wiki

recent ones
Air India to evacuate Indians stranded in Libya - News
India set to evacuate all Indians from Iraq | INDIAWRITES - Connecting India and The World News INDIAWRITES – Connecting India and The World News
Evacuating Indian Nurses from Iraq
Air India evacuates more than 1300 people from Jammu & Kashmir

no private carrier will do it... ofcourse wihtu heavy money and gurantee of plan and etc

--
BSNL and MTNL
these are again strategic
BSNL goes where no one goes not dare to goes
we can abuse them hard for good reason but cant deny their imp to reach inside indian vilage
BSNL and MTNL need NO GOVT interferanr in its OPERATIONAL activity .. removr it..
Noose tightens around Dayanidhi Maran in BSNL case - The Times of India
Illegal BSNL lines case: CBI examines Dayanidhi Maran | Latest Tech News, Video & Photo Reviews at BGR India
make magenmt acountable link result with perfomece and pay and see result

why bsnl imp
Free talk time on BSNL in Jammu and Kashmir
Jammu and Kashmir Floods: Telecom Services Slowly Being Restored | NDTV Gadgets

BSNL is India's oldest and largest communication service provider (CSP). It had a customer base of 117 million as of Jan 2014.[4] - wiki
http://www.trai.gov.in/WriteReadData/WhatsNew/Documents/Press Release on 'Telecom Subscription Data as on 31st January, 2014'.pdf

 

[acid rain]

--
Not happening ..
they are going for marginal DISINVESTMENT but retain majority stake
ONGC
is jewl of indian PSU..
its in loss due to its bailin out other oil psu from under recovery
ongc is strategic asset and not loss making
Govt to decide fate of loss-making PSUs like Air India, BSNL - Moneycontrol.com
----
Air india
its loss making . reason being partly govt partly Air managt and employees
What to Do With Air India? - India Real Time - WSJ
Former CAG Vinod Rai's revelations confirm Praful Patel's hand in Air India's downfall - Firstbiz
its again imp nationl asset and strategi ones
if it can run like independetnPSU like once, hpcl, bpcl... withot political appointmet then it should run as independant got prg
rest even private secotr is in big losses in india
so does not make sense to be privatise it
--
BSNL and MTNL
these are again strategic
BSNL goes where no one goes not dare to goes
we can abuse them hard for good reason but cant deny their imp to reach inside indian vilage
why bsnl imp
Free talk time on BSNL in Jammu and Kashmir
Jammu and Kashmir Floods: Telecom Services Slowly Being Restored | NDTV Gadgets

BSNL is India's oldest and largest communication service provider (CSP). It had a customer base of 117 million as of Jan 2014.[4] - wiki
http://www.trai.gov.in/WriteReadData/WhatsNew/Documents/Press Release on 'Telecom Subscription Data as on 31st January, 2014'.pdf

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View attachment 55357

All formulas have been tried over the years. None worked out. I would be very happy if they completely reduce Govt stakes to bare minimum.

 

[bitter_but_better]

I visited BSNL office. And damn lazy and "tondu" type babu(clerk) was busy in yawning in an AC room..haha
this is the standard of BSNL workers.
Nobody was there to listen my problem carefully regarding bsnl sim.
I think they are getting assured salary thats why ther are not taking their job seriously
govt should make a policy where everyday they inspect "secretly" those clerks whether they are working or sleeping.
If found sleeping cut their salary for that day.

OTW
BSNL should be shut down immidiately or privatize it.
The emloyees are responsible for there this kinda situation.

 

[punit]

Since when ONGC become a loss making unit ?

Employees are paid EVEN FOR Toilet Paper ! It was bound to happen.

 

[Skull and Bones]

Anybody who has ever wore an HMT watch?(as most of the members are young). I have and it was quite robust.

My father used to have one, the one which has to be dialed to crank up.