#Petrolpricehike #modieastindiacompany
6th October 2020,
Bombay
What are private companies?
Private companies are companies owned by share holders with promoters holding the maximum number of shares.
What is the purpose of private companies?
6th October 2020,
Bombay
What are private companies?
Private companies are companies owned by share holders with promoters holding the maximum number of shares.
What is the purpose of private companies?
The purpose of private companies is to earn maximum profit with minimum / efficient effort.
Will any private company create employment more than what is the bare minimum required?
No, in fact they will always try to get maximum work done by the minimum number of employees.
Will any private company create employment more than what is the bare minimum required?
No, in fact they will always try to get maximum work done by the minimum number of employees.
Will a private company work for public welfare and good?
No private company will work for public welfare or good unless they are able to get tax concessions of the same or bigger amount that they spend. Which is actually self defeating because the
No private company will work for public welfare or good unless they are able to get tax concessions of the same or bigger amount that they spend. Which is actually self defeating because the
discretion of where to spend and how to spend is left with them. CSR (Corporate Social Responsibility) funds are now being used to bribe political party's and further their agenda rather than being spent on real social issues.
When a private company will not work for public good, how can privatization be good for the society?
Governments sell us this idea that privatization is good. But the truth is that public companies have been created over a long period of time and
Governments sell us this idea that privatization is good. But the truth is that public companies have been created over a long period of time and
have assets that are far more valuable today than at the time they were acquired. The book value of the public company that is being sold does not reflect its real worth. Any way a government is a trustee of such companies for a period of five years.
During this period if it is able to sell the company, which they first show as loss making, they get a kickback into their personal and or party account. This makes such deals attractive to all concerned. But as public companies are generally liberally staffed due to their
alturistic purpose, first the government works to reduce the head count in the name of loss and then sells the company for their personal and party profit.
Has any such sale gone bad?
Has any such sale gone bad?
Not one but many. Centaur Juhu was sold for a low price and the buyer could sell it again in a few months for 40% more. Take the case of VSNL, which was sold to Tata's at 1300 Crores when it had a reserve of 1000 Crores. In UK, the Thatcher Government sold British
Railways and now they are thinking of nationalizing it again.
How come public enterprises run by the government are making losses while the government claims that it a successful government?
How come public enterprises run by the government are making losses while the government claims that it a successful government?
That is the paradox. And a lie. The public sector companies are being deliberately killed to allow governments to sell them on the cheap in the name of making losses. Bureaucrats run these public sector companies and if they are given freedom then they can do what
the private sector does with them anyway after their acquisition. But that will not result in personal profit for the politicians and their party, therefore these organizations are deliberately run to the ground. BSNL is still waiting for 4G License.
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