The Great Indian Political Drama - 1 (Oct 2017 - Mar 2018)

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SSundar
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Re: The Great Indian Political Drama - Oct 2017

Post by SSundar » Tue Feb 27, 2018 3:49 pm

Tripura would be coup if it does happen. Swarajya had carried an article highlighting how the Left practically manages every single vote through intimidation. Even if exit polls point a certain way, we cannot be sure until the fat lady sings.

Trilobite
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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Tue Feb 27, 2018 3:53 pm

MehtaRahulC wrote:
Tue Feb 27, 2018 1:20 pm
Lets examine Modiji's proposal to privatize coal mining in context of FDI and Mauritius Treaty

(1) Is there any clause that coal mining company must be wholly owned by Indians? Not AFAIK. So usuk-eliteman can get coal mine in India.

(2) Then he can extract coal and also sell in India. The mining costs are anywhere from Rs 500 per tonne to Rs 800 per tonne and selling price is Rs 2000 per tonne to Rs 8000 per tonne. And royalties can be Rs 1000 per tonne to Rs 3000 per tonne depending how auctions go

(3) The difference between selling price and (mining cost + royalty) , minus other administrative etc costs will be profits

(4) Now if the usuk-eliteman has brought in investment from Mauritius Bank at high interest, then all profit can diverted to that bank using interest payemnt

(5) Then as per amended Maurirtius treaty (year 2015) , the income tax on that bank's profit will be only 7.5% at most !!!

(6) The income tax on Indian owned company will be 25%, and add dividend tax of 10% and then add tax on dividend income received by individual shareholder. So total defacto income tax on indian shareholders can be 25% to 40%. So they will have difficult time competeing.

(7) And profits made by that usuk-eliteman can be repatriated in dollars any day i.e. RBI will need to pay them dollars for the rupees they earned if they want !!
.
IOW, usuk-elitemen will extract coal in India, sell coal in India, pay minimal income and we may have to pay the profits they earned in India in dollars

Am i missing anything?

If above is right, (IF ABOVE IS RIGHT) and still someone sees a difference amongst SoGa/NaMo/ArKe, then imo he does NOT need to get his brain examined, and imo he is a very divine soul. That person imo is a brain donor.

====

Solution I propose is to IMPROVE Coal India, and not privatize even 1% of coal mining. This will reduce inefficiency in coal mining. Giving coal mines to foreigners particularly usuk-elitemen via privatization, FDI, Mauritius Treaty etc is worse than a scam.

Agreed with your view on coal mining, the need is to improve efficiency in the public sector (CIL) than to sell nation's assets which belongs to all Indian, so cheaply.

A private venture in coal mining is going to be almost twice as profitable as CIL but private coal companies will operate on profit maximization objective and a PSU like CIL operates on "maximization of social benefit" objective. Thus roughly the extra Rs 700/tonne CIL spends as production cost partly goes to pay for the housing/healthcare/education for its employees, something the private companies will not do.

Supratik
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Re: The Great Indian Political Drama - Oct 2017

Post by Supratik » Tue Feb 27, 2018 3:55 pm

Khujli economics.

Trilobite
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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Tue Feb 27, 2018 4:14 pm

Don't know about that but certainly better than the "loot economics" and the kleptocracy which now prevails.

Despite spending sufficient capital in housing/healthcare/education for its employees CIL still makes a decent profit and is counted as one of the Navratna PSUs. Also this expenditure to build the infrastructure has a multiplier effect in the local economy.

The kleptocrats will simply pocket that differential as extra profit.

Supratik
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Re: The Great Indian Political Drama - Oct 2017

Post by Supratik » Tue Feb 27, 2018 4:33 pm

Commie propaganda. Socialism is a global failure. You are still living in the glorious Nehruvian 70s. The economics of privatization of resources are well founded if properly done.

Trilobite
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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Tue Feb 27, 2018 4:46 pm

So Coal India Limited, which is Maharatna and a Navratna PSU should be privatized? There are a dozen odd similar PSUs, they should be privatized too? Why isn't the govt. doing it?

There is no "pure Capitalist" country in the world neither there is a "pure socialist" country either. India is a "mixed economy" country so is US of A. In US upto 50% population benefits from some form of social welfare program or other, in India the number is lower.

Most of the advanced economy of Western Europe follow a high degree of socialism.

So Adam smith fans who are still living in 18th century need to wake up and smell the coffee. Socialism is here to stay, it's not going anywhere.

Ask your govt. why it is spending so much money on welfare? This welfare yojna, that welfare yojna?

Big chunk of that money is coming from these Maharatna and Navratna PSUs.
Last edited by Trilobite on Tue Feb 27, 2018 5:01 pm, edited 1 time in total.

Supratik
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Re: The Great Indian Political Drama - Oct 2017

Post by Supratik » Tue Feb 27, 2018 4:58 pm

So-called socialism in Europe is limited to things like healthcare, education, public transport, etc. It is not govt job to dig coal, manufacture soap and look for oil. that can be done by private companies as long they are paying tax and royalty. Govt job is to look after citizens needs and govern. You should move to Venezuela or Cuba.

Trilobite
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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Tue Feb 27, 2018 5:14 pm

So PSU's are govt.??? PSU's are running the country?? PSU's are autonomous /independent organizations and govt. has stakes in them.

When the Geological Survey of India is exploring for mineral/coal deposits, is it the govt. of India who is looking for coal? When ONGC is drilling for petroleum is the the GOI who is drilling of petroleum?? :roll:

All these countries have public sectors with govt. stakes, the percentages vary from one nation to other, but I seriously doubt that there is one single 100% pure capitalistic economy.

And may be if there is one then you want to move there, I am completely o.k. with mixed economy.


PS: Cuba has ~3 times higher per capita income than India!

SSundar
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Re: The Great Indian Political Drama - Oct 2017

Post by SSundar » Tue Feb 27, 2018 5:41 pm

Some PSUs are profitable. Are they lean and efficient? Would they continue to be profitable if there was massive competition in their industry?

Who do PSUs answer to? Their majority shareholder the government. Is the government fully aligned to get maximum dividend out of their investment? Or does the government serve conflicts of interest that could adversely affect most efficient and financially effective operation of the company? Think PNB.

What makes the government a more fair and balanced authority to be its own regulator and auditor? Think PNB.

Lilo
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Re: The Great Indian Political Drama - Oct 2017

Post by Lilo » Tue Feb 27, 2018 5:42 pm

Trilobite wrote:
Tue Feb 27, 2018 3:53 pm
MehtaRahulC wrote:
Tue Feb 27, 2018 1:20 pm
Lets examine Modiji's proposal to privatize coal mining in context of FDI and Mauritius Treaty

(1) Is there any clause that coal mining company must be wholly owned by Indians? Not AFAIK. So usuk-eliteman can get coal mine in India.

(2) Then he can extract coal and also sell in India. The mining costs are anywhere from Rs 500 per tonne to Rs 800 per tonne and selling price is Rs 2000 per tonne to Rs 8000 per tonne. And royalties can be Rs 1000 per tonne to Rs 3000 per tonne depending how auctions go

(3) The difference between selling price and (mining cost + royalty) , minus other administrative etc costs will be profits

(4) Now if the usuk-eliteman has brought in investment from Mauritius Bank at high interest, then all profit can diverted to that bank using interest payemnt

(5) Then as per amended Maurirtius treaty (year 2015) , the income tax on that bank's profit will be only 7.5% at most !!!

(6) The income tax on Indian owned company will be 25%, and add dividend tax of 10% and then add tax on dividend income received by individual shareholder. So total defacto income tax on indian shareholders can be 25% to 40%. So they will have difficult time competeing.

(7) And profits made by that usuk-eliteman can be repatriated in dollars any day i.e. RBI will need to pay them dollars for the rupees they earned if they want !!
.
IOW, usuk-elitemen will extract coal in India, sell coal in India, pay minimal income and we may have to pay the profits they earned in India in dollars

Am i missing anything?

If above is right, (IF ABOVE IS RIGHT) and still someone sees a difference amongst SoGa/NaMo/ArKe, then imo he does NOT need to get his brain examined, and imo he is a very divine soul. That person imo is a brain donor.

====

Solution I propose is to IMPROVE Coal India, and not privatize even 1% of coal mining. This will reduce inefficiency in coal mining. Giving coal mines to foreigners particularly usuk-elitemen via privatization, FDI, Mauritius Treaty etc is worse than a scam.

Agreed with your view on coal mining, the need is to improve efficiency in the public sector (CIL) than to sell nation's assets which belongs to all Indian, so cheaply.

A private venture in coal mining is going to be almost twice as profitable as CIL but private coal companies will operate on profit maximization objective and a PSU like CIL operates on "maximization of social benefit" objective. Thus roughly the extra Rs 700/tonne CIL spends as production cost partly goes to pay for the housing/healthcare/education for its employees, something the private companies will not do.
Above is the best example of Rahul the Mehta and the weird insect Trilobite acting as intellectual mercenaries for foreign agents like so many amongst their commie ilk in India.

Their modus operandi is as follows.
1) Pick a critical sector which is an engine of economic growth for India. (ex coal mining, steel,cement, power production ,transportation etc).
2)These sectors were the most effected by 50+ years of socialist strangle hold and are in an inefficient vicious cycle due to deep systemic issues.Like the coal monopoly CIL which due to decades of poor capital investments in heavymachinery /R&D/transport linkages and instead funding the expenses of an grossly inefficient unionised labour force (a CIL miner earns 40,000 vs a contract miner who earns 15,000 per month ) has become one of the most inefficient major companies in World .
3)In order to bring down the cost of manufacturing in India and create the conditions for a "make in India" revolution which will produce hundreds of millions of jobs, a nationalist PM like NaMo would want to eliminate the bottlenecks like high Transportation cost, high Powercosts,high cost of Finance, stifling labour laws etc.
In this direction a coal privatization initiative has been kick started to revive investments in a sector whose future itself looks bleak due to challenges from renewables(Rs 2 per unit power projects) .
So much so that coal demand itself is going to peak within a decade in this country. So other consumers of coal like Steel, Cement,fertilizer, Metallurgical etc will be the ones driving the expansion or consumption in production capacity in the future.
Now come the foreign agents like Rahul the mehta,Trilobite or Medha patkar.
They are often tasked by foreign countries(like China - which is still a major steel exporter to India draining our forex. China imports India's iron ore and sells us back the finished steel. China despite having little good quality iron ore reserves has captured the lionsshare of 1 trillion dollar worth global steel market and India with one of the biggest iron ore reserves was excluded from this pie infact we became a net importer) to queer the pitch before any major reform to unshackle Indian economy from its past socialist constraints. They are the rabble rousers who hit the town proclaiming that the labour rights of a few lakh unionised CIL employees are under danger while trampling on the rights of hundreds of millions of unemployed indian youth waiting for that manufacturing boom to occur. Additionally the Christian countries like USA, UK fund these activities in India to keep the country in the lower income trap so that India will never mature into a world power able to stand up for its own interests.
3)Specifically one can take the baseless claims of Rahul the Mehta that NaMo is going to offer the coal blocks to us/uk mncs, the truth is many coal blocks which are lying unbidded for in the tepid 3rd and 4th rounds of coal auctions are being offered to players who have the capacity(technology and heavymachinery to extract coking coal or lesser grade coal deposits) to rejuvenate a sector dying from the inefficiency of monopolies like CIL. Further coal blocks and captive mining rights at a long-term price will be alloted to Indian steel manufactures (taking away these coal blocks from the control of the corruptfully inefficient CIL) so that they may become vertically integrated steel industries able to out compete Chinese steel production cost in the long term. Further the ossified behemoth CIL itself will be split into 6 or 7 entities which will be made to compete amongst themselves .All this will obviously be an anathema to Chinese and Western agents like Rahul the mehta, Trilobite or Medha Patkar, Arundhoti Roy etc.
Is Coal India's monopoly really going to end?
By Debjoy Sengupta, ET Bureau | Updated: Feb 22, 2018, 09.43 AM IST

India has one of the largest reserves of coal but annual production from monopoly miner Coal India (CIL) has not been enough to feed the guzzling needs of a diverse industry.
Recently in Davos, an exasperated GM Rao, chairman of the eponymous infrastructure conglomerate, was seen telling his old friend, Anil Agarwal of Vedanta, that after putting in $7 billion to build a sizeable power portfolio, he has learnt life’s lesson the hard way.
Most of his coal-fired plants generate meagre returns, far lower than what was originally envisaged a decade ago when private developers — both first generation entrepreneurs like GMR, GVK or Lanco and pedigree groups like Tata, Reliance and Lanco — were swayed by the India infrastructure story and chased megawatts.
Therein lies the irony. India has one of the largest reserves of coal but annual production from monopoly miner Coal India (CIL) has not been enough to feed the guzzling needs of an industry as diverse as power plants, steel mills, cement and fertiliser units.

The 43-year old stranglehold is finally coming to an end. In line with the Modi government’s stated policy of auctioning natural resources, the government opened up the sector to commercial miners.
From Gautam Adani to Agarwal, some of our biggest conglomerates have been jostling for this much-needed reform to meet their own needs and start mining for others. Key users such as Kumar Mangalam Birla’s Hindalco, Tata Steel or Sajjan Jindal’s JSW Group have been hankering for security of supplies, hamstrung by Supreme Court’s cancellation of mines and volatile commodity prices.

“This is bold reform,” said Anil Agarwal, chairman, Vedanta. “Opening up the sector will increase domestic and FDI as well help in stabilising irregularities in coal supplies and linkages. Some of the most evident benefits of this measure would be enhanced energy sufficiency for India and availability of power at lower costs for the end consumer. Also, thousands of jobs will be created in the process.”
CIL ex-chairman Partha Bhattacharyya compares these reforms with those in life insurance, where private insurers compete with behemoth LIC of India.
The multiplier effect will also be immediate. “Power generators can source commercial coal to improve margins and availability.
Further, as merchant power prices fall, utilities and manufacturing industry too benefit from lower energy costs,” argues Kameswara Rao, partner and leader, energy, utilities and mining at PwC. Stalled or stranded power projects account for nearly 50 gigawatts (GW)of electricity production capacity, or roughly 15% of India’s total of more than 300 GW. Close to 10,000 MW of coal-fired plants have been mothballed due to lack of coal supply and that made power the second largest contributor to the ballooning bad debt situation in the country. Finally, developers can hope for a revival.
“Owners of distressed assets will no longer worry about uncertain fuel supplies and can contract with commercial coal suppliers to revive projects. On a broader note, we will see industry consolidation, rise of large vertically-integrated energy companies with interests in coal mining, generation, transmission and distribution to retail supply,” Rao adds.
Non-regulated sectors such as cement and steel have a greater dependence and ability to pay and could dominate initial auctions. Captive power producers too can corner a lion’s share, especially in states with high cross-subsidies in retail tariffs. Even in the middle of the prevalent narrative of renewable and clean energy, it is estimated that fossil fuel power generation will grow at a 7% compound annual rate in 2016-20, raising overall coal demand to about 985 million metric tonnes.
DEVIL IN THE DETAILS
Nonetheless, a lot will still depend on the fine print. The nature of blocks that are auctioned, their reserves and methodology of the auction process all matter.
“This will be contingent upon the nature of blocks that will be offered to merchant miners, and risks inherent in large mining projects including issues in land acquisition. Therefore, coal production from commercial mining in the next two to three years is unlikely to be significant relative to India’s current coal production levels,” says Jayanta Roy, senior vice-president and group head, corporate sector ratings, ICRA.
The government has not identified which blocks will go under the hammer; auction will be held on the basis of rupees per tonne of coal produced.
Commercial coal production was nationalised in 1975, when coal mining was taken over by the Centre and monopoly CIL was formed. It remained the Centre’s prerogative till February 20, 2018.
CIL’s mandate has been to meet the nation’s demand for coal. In fact, coal meets 55% of India’s primary commercial energy requirement. (See, Fueling The Economy). At least 70% of power generated takes coal as fuel while Coal India contributes 82% of coal produced in India. Rest is from Singareni Collieries — a relatively smaller public sector coal producing company — and captive coal mines.
But Coal India has always been accused of sloth and inefficiency. The unions, aware that they may not be able to compete when private companies move in, are predictably up in arms, fearing salary cuts or worse — job losses.
“We will go on an indefinite nation-wide strike if necessary,” thunders SQ Zama, secretary general, Indian National Mineworkers’ Federation, under INTUC, one of the central sector unions at Coal India.
“A Coal India workman receives an average salary of Rs 40,000 per month, while their counterparts in the private sector, who work under contractors, receive between Rs 10,000 and Rs 12,000 as salary per month. Coal India pays adequate attention to the safety of workers and offers their wards free schooling and medical facilities,” says Zama.
In fact, at the open cast mines of Coal India subsidiary Mahanadi Coalfields, cost of extraction by its CIL workmen is around Rs 600 per tonne while the same — when outsourced — comes to around Rs 400 per tonne. “The difference is basically labour cost,” says a senior Coal India executive, who did not wish to be identified.
Large companies that are into mining coal in India as operators or have their own captive mining include the Adani’s, Reliance and GMR — all of these companies operate at costs that are less than CIL’s cost of production. “We use large equipment and latest technologies.
Labour cost is less than 10% and comes to around Rs 50 per tonne,” points out an executive from a private mining company that operates as a contractor for CIL. His firm has been a key mining development operator (MDO), brought in to boost Coal India’s production.
An executive f rom another large private company, on condition of anonymity, broke it down further, saying their labour cost varies between 5% and 22% of total outgo, depending on thickness of the layer of topsoil needing to be removed to extract coal.
“As an MDO, we need to quote costs that our customers find attractive. This we achieve through multi-tasking. An individual who is a mining engineer can double up as a supervisor and a technical guide. Use of better technology also keeps costs low. Average cost of production for mines that need heavy overburden removal is between Rs 600 and Rs 650 per tonne — way lower than CIL,” says a senior executive from the company.
The difference between a private operator’s cost and Coal India’s cost is basically labour cost, efficiency, higher productivity and offering lower margin for having one contractor for all activities on turnkey basis,” he adds.
Coal India’s management is aware of these legacy challenges and has been actively pursuing ways and means of bringing down costs. A majority of CIL’s 2.98 lakh workmen employed in underground mines were inherited when the company was formed. It is now planning to close down some 100 such mines that are unviable.
“We have successfully brought down cost of production by almost Rs 54 a tonne in the third quarter of the current financial. This has been despite a rise in salaries of workmen and executives in 2017, which increased outgo by Rs 400 crore a month,” says Gopal Singh, Coal India chairman.
TOO LITTLE, TOO LATE?
For the end users, privatisation is expected to make coal sourcing easier. “Both prices and quality are expected to be reasonable due to competition being introduced in the sector,” says Subhasri Chaudhuri, secretary general, Coal Consumers’ Association of India.
She feels logistics may improve,{here comes the technology of piping coal} resulting in lesser environmental impact and consumers would be able to procure coal suitable to their requirement.
Yet, doubts linger among some private players. “Blocks that would be on offer are likely to be the ones given away by Coal India because they had no plans of operating them. These are the ones likely to be auctioned for commercial coal mining.
Most of these blocks are difficult ones — in that they are either in densely populated areas or have difficult terrain. Some have coal seams buried deep underground. Cost of operations on these blocks is likely to be high,” cautions a senior executive from a large mining company.
Bhattacharyya echoes the view, saying that blocks’ mineable reserves need to be at least 40 million tonne for production to be assured over a number of years.
He also did not agree with the auction model. “Tender conditions for selecting the winner should be on the basis of core competence and proven expertise.
Auctioning blocks solely on the basis of price may not lead to desirable results.
We need to learn from our experiences.” The reverse auction methodology for captive mines has not been successful, with most private players outbidding each other and then relinquishing licence.
“In the absence of a strong regulator, such auctions may bring back issues faced by the industry during the pre-nationalisation era, which saw major exploitation of reserves and workmen in unethical ways,” warns Bhattacharyya.
According to Niladri Bhattacharjee, partner, strategy & operations, mining & metals, KPMG in India, private commercial miners may end up producing a maximum of 100 million tonne by 2025.
“Some 30 MTPA of capacity has been allocated to state mineral development corporations and that capacity too will come onstream in a few years. This will be approximately 8-10% of the size of coal PSUs, assuming there is no drastic change in market structure,” he says.
“What remains to be seen is whether involvement of commercial coal miners will make the bids more reasonable. Bidding parameters too may need some finetuning for mines without a mine plan,” says Bhattacharjee.
A senior executive from a Delhi-based coal mining outfit says, “For extracting 1 tonne of coal, 5 tonnes of top soil needs to be removed from a majority of these blocks. Producers may find it a tad difficult to match prices of the same quality of coal offered by Coal India from nearby mines after adding royalty and cess.”
States too will seek their pound of flesh in royalties and bid conditions for value addition in the region, much like ferrous metals. After adding these, CIL’s competitive edge may still remain.
Volumes growth and cost reduction from commercial coal development should also keep import prices in check.
However, the need is to auction out the larger and more lucrative blocks in sufficient numbers to meaningful new investment

fanne
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Re: The Great Indian Political Drama - Oct 2017

Post by fanne » Wed Feb 28, 2018 12:19 am

Don't feed the troll

shynee
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Re: The Great Indian Political Drama - Oct 2017

Post by shynee » Wed Feb 28, 2018 3:52 am

Karti Chidambaram arrested by CBI in Chennai LIVE updates: Agency filed FIR against him in INX Media case
Karti Chidambaram has been arrested in Chennai in the INX Media case after returning from London for non-cooperation with the CBI. The agency affected the arrest around 8 am. He is set to be brought to Delhi later in the evening.

KL Dubey
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Re: The Great Indian Political Drama - Oct 2017

Post by KL Dubey » Wed Feb 28, 2018 4:17 am

If the exit polls turn out to be right, then I was also telling correctly wonly :D (bobbing head from side to side in Indian fashion).

MehtaRahulC
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Re: The Great Indian Political Drama - Oct 2017

Post by MehtaRahulC » Wed Feb 28, 2018 4:20 am

Lilo wrote:
Tue Feb 27, 2018 5:42 pm
.... Above is the best example of Rahul the Mehta and the weird insect Trilobite acting as intellectual mercenaries for foreign agents like so many amongst their commie ilk in India.

Their modus operandi is as follows.

1) Pick a critical sector which is an engine of economic growth for India. (ex coal mining, steel,cement, power production ,transportation etc).

2)These sectors were the most effected by 50+ years of socialist strangle hold and are in an inefficient vicious cycle due to deep systemic issues.Like the coal monopoly CIL which due to decades of poor capital investments in heavymachinery /R&D/transport linkages and instead funding the expenses of an grossly inefficient unionised labour force (a CIL miner earns 40,000 vs a contract miner who earns 15,000 per month ) has become one of the most inefficient major companies in World .

3)In order to bring down the cost of manufacturing in India and create the conditions for a "make in India" revolution which will produce hundreds of millions of jobs, a nationalist PM like NaMo would want to eliminate the bottlenecks like high Transportation cost, high Powercosts,high cost of Finance, stifling labour laws etc.

In this direction a coal privatization initiative has been kick started to revive investments in a sector whose future itself looks bleak due to challenges from renewables(Rs 2 per unit power projects) .

So much so that coal demand itself is going to peak within a decade in this country. So other consumers of coal like Steel, Cement,fertilizer, Metallurgical etc will be the ones driving the expansion or consumption in production capacity in the future.
Now come the foreign agents like Rahul the mehta,Trilobite or Medha patkar.

They are often tasked by foreign countries(like China - which is still a major steel exporter to India draining our forex. China imports India's iron ore and sells us back the finished steel. China despite having little good quality iron ore reserves has captured the lionsshare of 1 trillion dollar worth global steel market and India with one of the biggest iron ore reserves was excluded from this pie infact we became a net importer) to queer the pitch before any major reform to unshackle Indian economy from its past socialist constraints. They are the rabble rousers who hit the town proclaiming that the labour rights of a few lakh unionised CIL employees are under danger while trampling on the rights of hundreds of millions of unemployed indian youth waiting for that manufacturing boom to occur. Additionally the Christian countries like USA, UK fund these activities in India to keep the country in the lower income trap so that India will never mature into a world power able to stand up for its own interests.

3)Specifically one can take the baseless claims of Rahul the Mehta that NaMo is going to offer the coal blocks to us/uk mncs, the truth is many coal blocks which are lying unbidded for in the tepid 3rd and 4th rounds of coal auctions are being offered to players who have the capacity(technology and heavymachinery to extract coking coal or lesser grade coal deposits) to rejuvenate a sector dying from the inefficiency of monopolies like CIL. Further coal blocks and captive mining rights at a long-term price will be alloted to Indian steel manufactures (taking away these coal blocks from the control of the corruptfully inefficient CIL) so that they may become vertically integrated steel industries able to out compete Chinese steel production cost in the long term. Further the ossified behemoth CIL itself will be split into 6 or 7 entities which will be made to compete amongst themselves .All this will obviously be an anathema to Chinese and Western agents like Rahul the mehta, Trilobite or Medha Patkar, Arundhoti Roy etc.
Is Coal India's monopoly really going to end?
By Debjoy Sengupta, ET Bureau | Updated: Feb 22, 2018, 09.43 AM IST

India has one of the largest reserves of coal but annual production from monopoly miner Coal India (CIL) has not been enough to feed the guzzling needs of a diverse industry.
Recently in Davos, an exasperated GM Rao, chairman of the eponymous infrastructure conglomerate, was seen telling his old friend, Anil Agarwal of Vedanta, that after putting in $7 billion to build a sizeable power portfolio, he has learnt life’s lesson the hard way.
Typical rss-worker rambling. Talk about problem. Never talk about solution. Throw buzzwods like jobs, "make in India", and you forgot "vishvaguru" and "akhand bharat". And call anyone who exposed defunctness of Modiji as foreign agent !!! And quote some bikau economist like Bibek Debroy to show that Modiji is great !!! In past, rss-workers used to quote bikau economist cum rss-leader Arun Shourie GyaanPurush to show that corrupt RSS-leaders are right. But now they dont quote Shourie. I wonder why.

And when finally, they have grabbed position and have to give solution --- only "solution" they give is -- handover economy to usuk-elitemen and rationalize it !!!
.
In privatization of coal, no where has Modiji put a condition that private mining company must be 100% owned by Indian citizens. IOW, Modiji and rss-workers are openly allowing usuk-elitemen to defacto own coal mines in India. And like true rss-worker, you ignored Mauritius treaty which makes defact income tax rate on companies of usuk-elitemen only 7.5% or less.
.
As fanme told me, I should not feed troll and so I will ignore your post
.
But as I said, if anyone sees any difference between congress/rss/aap, then that man is a divine soul --- he is brain donor.

=========================
Trilobite wrote:
Tue Feb 27, 2018 3:53 pm

Agreed with your view on coal mining, the need is to improve efficiency in the public sector (CIL) than to sell nation's assets which belongs to all Indian, so cheaply.

A private venture in coal mining is going to be almost twice as profitable as CIL but private coal companies will operate on profit maximization objective and a PSU like CIL operates on "maximization of social benefit" objective. Thus roughly the extra Rs 700/tonne CIL spends as production cost partly goes to pay for the housing/healthcare/education for its employees, something the private companies will not do.
I am not sure whether you agree with me or not. But I surely dont agree with you. Currently coal india doesnt run on principal of maximizing profits or social welfare. Coal India and all PSUs work on "principle of corruption" only. As of now. their only goal is to maximize bribes ---- and things didnt chaneg in rss/aap regimes.
.
My proposals are NOT to increase workers' welfare, but maximize coal India's profits and deposit profit directly into bank account of all citizens of India. I want to enforce principle of maximum profits for citizens, with first condition as full resource utilization. "social benefit" is a nonsense I never understood when I was in college, and now I know that it is farce.

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Re: The Great Indian Political Drama - Oct 2017

Post by KL Dubey » Wed Feb 28, 2018 4:21 am

Karti Chidambaram ("piglet") arrested...wonder what Mehtaji will say. Let me guess...US elitemen have directed NaMo to divert attention by going after "dishonest commons" like Karti, Nirav, aur uska chacha...kya naam tha ? Chokshi. :rotfl:

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Re: The Great Indian Political Drama - Oct 2017

Post by KL Dubey » Wed Feb 28, 2018 4:28 am

MehtaRahulC wrote:
Wed Feb 28, 2018 4:20 am
My proposals are NOT to increase workers' welfare, but maximize coal India's profits and deposit profit directly into bank account of all citizens of India.
I don't know how you can come up with these totally hare-brained schemes. Seriously, does life work that way ?

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Re: The Great Indian Political Drama - Oct 2017

Post by Deans » Wed Feb 28, 2018 4:38 am

MehtaRahulC wrote:
Tue Feb 27, 2018 1:20 pm
Lets examine Modiji's proposal to privatize coal mining in context of FDI and Mauritius Treaty

Solution I propose is to IMPROVE Coal India, and not privatize even 1% of coal mining. This will reduce inefficiency in coal mining. Giving coal mines to foreigners particularly usuk-elitemen via privatization, FDI, Mauritius Treaty etc is worse than a scam.
Saying `Improve Coal india' is a motherhood statement, like saying `we must reduce corruption or poverty'.
Its not happened in the 25 years that different govt's have tried to improve it, so one has to look at alternatives.

The Mauritius treaty is a very important step to plug black money round tripping. A treaty Yashwant Sinha negotiated.
The way it was used was that black money leaving India, would reenter the country in the form of over-invoiced exports (e.g. software exports
which cannot be valued) or equity investments which had no capital gains tax. Mauritius was the largest source of FDI into India.
To compensate resident Indian investors, long term capital gains was made tax free, which led to staggering revenue losses for the last 13 years.

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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Wed Feb 28, 2018 4:58 am

twitter

Can't write, can't read, can only slander and spread fake news. That's @HartoshSinghBal for you.

Ask not how this journalist became a fraudster; ask how this fraudster became a journalist.




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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Wed Feb 28, 2018 5:02 am

Time someone called out the misbegotten, frustrated and presstitute creeps.


twitter
Wanted to be the intrepid, unbiased reporter Tintin; became the blabbering, blundering drunk Haddock. That, in short, is the story of Captain @HartoshSinghBal, down to drinking habits and facial resemblance.



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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Wed Feb 28, 2018 5:22 am

twitter
This made my day. Man resolutely against piracy himself pirated someone else's work for his party symbol. (h/t @KiranKS)


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Re: The Great Indian Political Drama - Oct 2017

Post by gauravsh » Wed Feb 28, 2018 5:26 am


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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Wed Feb 28, 2018 5:49 am

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Re: The Great Indian Political Drama - Oct 2017

Post by SSundar » Wed Feb 28, 2018 6:30 am

As expected, Pidis have come out yelping that this is a diversionary tactic for #NiravModi.

Gaurav Pradhan is predicting that PC will also be arrested but both will be let out by Judiciary.

Too early to celebrate.

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Re: The Great Indian Political Drama - Oct 2017

Post by Sachin » Wed Feb 28, 2018 6:37 am

SSundar wrote:Tripura would be coup if it does happen. Swarajya had carried an article highlighting how the Left practically manages every single vote through intimidation.
Yes, even I am not very sure about BJP winning in Tripura. May be their vote share (and overall seats) would increase, but I doubt an outright victory may not happen. But we don't know if BJP had come up with any plans to thwart the left's capability for intimidation. For the commies, Tripura is their last hope. The "national party" is now basically a "one & half party" (one state KL, and smaller state of Tripura).
As expected, Pidis have come out yelping that this is a diversionary tactic for #NiravModi.
Karti Chidambaram picked up by the Polizei, Capt. Amrindar Singh's son-in-law also caught in a similar bank fraud scheme. My understanding is that all PSU banks generally also finish their account book closure in the end of March. I expect more skeletons would start tumbling out of the closets. Looks like De.Mo's "punch" is only being felt now. De.Mo has even made a Cardinal stand in the court of law. There could be more businessmen and politicians would we facing the heat from now on. Has M/s Na.Mo & Shah's political game started?

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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Wed Feb 28, 2018 7:39 am

so, uncle trudeau is butt hurt at his well deserved snub in India and like a petty pidi he just cannot help himself in lashing out at the Goi.

justin should not ever bother coming back to India again. He has committed diplomatic and political harakiri here as well as buggered the nefarious designs of his own sikh supporters. Good going.

Hope that he is able to return and get a refund on his ridiculous collection of cheap and gaudy " ethnic Indian " costumes.



https://www.pscp.tv/AndrewScheer/1nAJERlaLloxL?t=2
Replying to Scheer’s question if he agreed with the allegations that India was “complicit” in the “Jaspal Atwal affair”, Trudeau initially replied that the Opposition did not recognise the importance of the Canada-India relationship.

Reading from a document, Trudeau went on to talk about the economic ties between the two countries, saying that India contributes a lot to the Canadian economy.

Scheer repeated his question, and asked, “Does the Prime Minister agree or disavow those allegations?” Still reading from a document, TIrudeau replied that his government, the Liberal party, respects the non-partisan nature of public service, and especially those who serve in Canada’s security agencies.

“We trust and listen to the advice and actions that they take, and that they will be in the national interest, and that they will be impartial,” he said.

Scheer then asked if the Prime Minister could confirm that anyone “arranged, organised, or participated in the media briefing provided to reporters, that included the allegation that the government of India was somehow involved in his embarrassing blunder in India.”

Trudeau replied that that his team performs “high quality, non-partisan public work”.

“And when one of our top diplomats and security officials says something to Canadians, it’s because they know it to be true,” Trudeau added.



Candice Malcolm✔@CandiceMalcolm

BREAKING: Trudeau doubles down on conspiracy that "rogue" agents in the India orchestrated the Atwal scandal to embarrass him.

"When one of our top [officials] says something to Canadians, it's because they know it to be true" - Justin Trudeau, Question Period, February 27, 2018
https://twitter.com/CandiceMalcolm/stat ... 5114419201
1:20 AM - Feb 28, 2018
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