Disinvestments : Sale of Partial stake also qualifies under disinvestment

Department of Disinvestment was brought under ministry of finance in May 2004 immediately after UPA Government took over.

Inflation adjusted value of disinvestment over the past 👇👇
2009-10 : ₹46,981 Cr
2010 -11 : ₹40,352 Cr
2011 -12 : ₹23,776 Cr
2012 -13: ₹36,876 Cr
2013 -14: ₹22,385 Cr

UPA 2: ₹1,70,370 Crores

2014-15 : ₹32,443 Cr
2015-16 : ₹23,997 Cr
2016-17 : ₹46,247 Cr
2017-18 : ₹1,00,057 Cr
2018-19 : ₹84,972 Cr

NDA 1: ₹2,87,716 Crores
2017-18 recorded the highest disinvestment. Of the ₹1,00,057 Cr disinvested, ONGC got ₹36,915 Cr of Government stake in HPCL.

Even in 2018-19, ₹15,000 Cr disinvestment happened by virtue of Power finance corporation buying out major stake in Rural electrification corporation
There are multiple such examples of one Public sector taking over another in the last 5 years and benefiting the government by virtue of it.

In NDA 2 below are the disinvestments
2019-20: ₹50,299 Cr
2020-21: ₹19,499 Cr

So to which Crony capitalists did UPA sell out to??

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Krishna Kumar Murugan

Krishna Kumar Murugan Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ikkmurugan

1 Feb
MSP purchases of Agri Commodities: Excerpts of Budget 2021-22

🌾Wheat
2013-14 : ₹33,874 Crores
2020-21: ₹75,060 Crores

122% Increase in 7 years

☘️Paddy
2013-14 : ₹63,927 Crores
2020-21: ₹1,72,752 Crores

170% Increase in 7 years
Point no. 107: Government has plans to improve APMC facilities and not close it. Intent is Evident!
Margin money for loans reduced to 15% for SC, ST and Women for start up loans; including MSMEs involved in agricultural allied production.

Less initial investment and increased government support!
Read 4 tweets
29 Jan
Farmer Suicides In India

2004 : 18,071
2005 : 16,956
2006 : 16,863
2007 : 16,379
2008 : 16,128

2009 : 17,175
2010 : 15,933
2011 : 14,004
2012 : 13,727
2013 : 11,744

2014 : 12,336
2015 : 12,590
2016 : 11,347
2017 : Data Unavailable
2018 : 10,338
2019 : 10,269
Farmer Suicides In Tamilnadu

2006 : 426
2007 : 484
2008 : 512
2009 : 1060
2010 : 541

2011 : 623
2012 : 499
2013 : 105
2014 : 827
2015 : 606

2016 : 381
2017 : Data Unavailable
2018 : 401
2019 : 427

Source : NCRB data - Profession wise Suicides (State Wise)
Average Suicides During UPA 1 was 16,879 per year

Average Suicides During UPA 2 was 14,517 per year

Average Suicides During NDA is 11,376 per year

33% Reduction in comparison to UPA1 and 22% in comparison to UPA2
Read 4 tweets
26 Jan
Indian Fishermen Killed by Srilankan Navy: Sad & Unfortunate incident that happened last week.

Vaiko, Thirumavalavan & Thirumurugan Gandhi conducted a meeting to condemn the Srilankan Govt but were busy with their regular & needless rhetoric about the Modi Government.
A Gentle reminder:

No of Shooting incidents between 1991 to 2011 : 167

No of Fishermen Injured during these shootings: 180

No of Fishermen Killed during these shootings: 85

m.timesofindia.com/city/madurai/8…
No of Shooting incidents in the last 6 years : 10

No of Fishermen Injured during these shootings: -

No of Fishermen Killed during these shootings: 5

mea.gov.in/lok-sabha.htm?…
Read 5 tweets
25 Jan
Jal Jeevan Mission : Tapped Water Connection to Every Rural Household

State: Tamil Nadu

Total No of Household : 1.27 Cr

No of Households with Tapped Water Connection as of

15th Aug’2019 : 21.76 Lakh (17.2% Coverage)
25th Jan’2021 : 33.32 Lakh (26.3% Coverage)
Grants Sanctioned to TN under this scheme for 2019-20 : ₹922 Cr

Amount spent by TN Govt in 19-20 : ₹658 Cr (264 Carry forward Unspent)

Grant Allocated for Tamil Nadu for the year 2020-21 : ₹1804 Cr

Total Grant issued by Central Govt in the last 2 years : ₹2726 Crores
All India

Total Number of Household : 19.18 Cr

Number of Households with Tapped Water Connection as of

15th Aug’2019 : 3.23 Crore (16.87% Coverage)
25th Jan’2021 : 6.49 Crore (33.82% Coverage)
Read 4 tweets
24 Jan
Why was the excise duty hiked?

Tax Revenue

2020-21 Budget: ₹16,35,909 Cr
Year to date Nov’20: ₹10,26,055 Cr
Year to date Nov’19: ₹11,74,143 Cr

Excise Duty (Part of Tax Revenue)

Year to date Nov’20: ₹1,96,342 Cr
Year to date Nov’19: ₹1,32,899 Cr
Despite 48% Growth In Excise Duty Collection, Overall Tax Revenue is currently at -13% Growth Over Last year.

Revenue Expenditure

2020-21 Budget: ₹26,30,220 Cr
Year to date Nov’20: ₹16,65,200 Cr
Year to date Nov’19: ₹16,06,215 Cr
Despite -13% Reduction In Tax Revenue, Revenue Expenditure has increase by 4% over last year.

This shows government spending hasn’t reduced over last year.

Excise Duty was hiked to cover the Tax Revenue Deficit.
Read 5 tweets
24 Jan
காட்டுப்பள்ளியை காப்பாற்றுவோம். யாரு கிட்ட இருந்து? வாங்க படிக்கலாம்.

பெருவாரியான ஊடக ப்ரோக்கர்கள், சாரி ஊடக ஏஜென்ட். அட எப்படி சொன்னாலும் வேற மாதிரி அர்த்தம் போகுதே! சரி ஊடகம்ன்னு மட்டும் போட்டுக்கலாம். பெருவாரியான ஊடகம் சொல்ற கதை என்ன?
அதானி குழுமம் காட்டுப்பள்ளில துறைமுகம் கட்டுது. அதானின்னு சொன்னாலே உடனே அரசியல் சாயம் பூசுவானுங்களேன்னு நீங்க நினைச்சா நீங்களும் ஒரு Sherlock Holmes தான். பூசிட்டானுங்க.

என்ன சொல்லுது எல்லா ஊடகமும்? அதானி கட்டுற இந்த துறைமுகத்திட்டம் அவசியமா?
இதை எப்படி புரிஞ்சுக்கனும்னா, அதானி கட்டுறதுனால இந்த திட்டம் தேவையான்னு. ஏன்னா அதானி மட்டும் தான் கார்ப்பரேட். சன் டிவி எல்லாம் குடிசை தொழில். சரி விஷயத்துக்கு வருவோம்.

அதானி துறைமுகம் கட்டுறாரு, திட்டம் போட்டது யாரு?
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!