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Maheshwer Peri Profile picture
@maheshperi
Aug 27, 2021 • 8 tweets • 2 min read • Read on X
India is on a fire sale. Every monetizable asset is up for sale. With debt ballooning to 135 Crore Crores, we will soon be left with no assets(built over 75 years), a debt of Rs.1 Lac on each citizen and many liabilities that will emerge by the day that we never knew existed.
Keep a watch on how the disinvestment pans out. A government that failed to sell the 80000 Crore Liability called Air India will now be selling profitable assets. Good assets(Like Container Corporation) will be palmed off to cronies and the bad assets to PSUs.
Here is a list of disinvestments
1. ONGC Buys HPCL for Rs 36915 crores. Govt. makes money. ONGC debt goes up from 30680 crores to about 80000 crores today. ONGC in deep Debt.
2 PFC buys REFC from GoI for 14,500 Crores. Govt. makes money. PFC loans money from PSU banks. PFC in debt.
3. ONGC, Oil India, BHEL, Nalco etc forced into buyback of shares for about Rs.10000 crores:
- ONGC buy back for Rs. 4,826 crore
- BHEL buy back 5.16% for Rs. 1,628 crore.
- NALCO buys back Rs. 505 crores of GoI shares.
- Indian Oil bought back 4435 crores of shares etc.
4. Coal India 'offer for sale' netted Rs 5,218 crores to GoI.

5. IDBI Bank, sold to LIC: Rs.14500 crores. Average price for LIC @54. Current price @37.

6. The failed project and debt ridden GSPC KG Basin that hides a million shenigans was bought by ONGC for 8000 crores.
What I fear is this:
Good assets will move into cronies hands.
Bad assets will be bought by PSUs. Assets that have a lot to hide will be in the sell list.
Government will sell our ancestral home and silvervare to fund its lunch and dinner expenses.

Good Morning, India.
*135 Lac Crores

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More from @maheshperi

Maheshwer Peri Profile picture
Sep 13
Thread: Is it possible that an MBA in an is ranked better than IIM Calcutta or IIM Mumbai or SPJIMR. 4 of the top 15 MBA are from IITs while India has 21 IIMs. When @careers360 dug deeper, IITs were found faking data and manipulating ranking.
1. All the IITs together have a sanctioned intake of 1001. However, when it comes to actual admissions linked to placements, they show only 710 or 70.9% as actually admitted. DoMS of IIT Delhi, ranked 4th best B school in India shows only 65% intake. Image
2. On the other hand, all the 21 IIMs together admit 99% of the sanctioned intake. Image
Read 6 tweets
Maheshwer Peri Profile picture
Aug 4
Thread: While most parents and students think that B Tech is a sure shot pathway to a job, Over supply, under skilled in the AI - the B Tech bubble may be about to burst? Read this thread:
1. Between 2012–13 & 2023–24, engineering colleges nearly tripled in number—from ~3,371 to ~8,876—a 163% jump. The total engineering enrolment grew 81% (2.34M → 4.24M)
engineering.careers360.com/articles/btech…
2. The real story is in the growth in Computer Science & Engineering UG seats which is dramatic: a 354% rise, 476k in 2010‑11 to ~2.16M by 2023‑24.
Read 7 tweets
Maheshwer Peri Profile picture
Jun 30
Thread:
1. The EWS quota is being turned into a "backdoor for the rich" — with hard data
EWS category, Introduced in 2019, reserves 10% of All‑India Quota seats for General‑EWS candidates. Eligibility was annual family income ≤ ₹8 lakh; less than 5 acres agri‑land; flat <1,000 sq ft; plot <100–200 sq yd.
2. NEET 2024 counselling data examined by @Careers360 reveal shocking misuse.
Aspiring doctors paid between ₹1.25 crore and ₹5 crore in private colleges AFTER claiming EWS quota and failing to get govt seats, much more than an ₹8‑lakh earner can afford.
3. Fake certificates & fraud:
Counselling data revealed that 378 students joined 54 deemed universities paying as much as Rs.1.67 crores and 33 students paid NRI fees as much as Rs.4.57 crores to take admission in 20 medical colleges. That is 4.7% of the seats in deemed universities.
medicine.careers360.com/articles/ews-q…
Read 7 tweets
Maheshwer Peri Profile picture
Jun 25
1. This thread is all about how our graduates have been getting a raw deal from the IT Services behemoths - Infosys, TCS, Accenture, Wipro, Cognizant etc etc.B.Tech
2. Sometime back, Careers360 did a detailed story on how the starting salaries in these companies remained constant at 25K to 30K per month for over 15 years.

engineering.careers360.com/articles/the-h…
3. All this while inflation more than doubled, their recruitment quadrupled, college fees quadrupled and profits of these companies grew 8 times.
Read 9 tweets
Maheshwer Peri Profile picture
Jun 7
1. This is the sordid saga of India’s fresh engineering graduates being underpaid. This was an active collusion between the big tech companies like Infosys, TCS, Accenture, Cognizant etc and the engineering colleges. The negotiation was always about the placement % than the salary package. Read this explosive story and the thread.
engineering.careers360.com/articles/the-h…
2. Between 2010 and 2025, India’s major IT companies — TCS, Infosys, Accenture, Cognizant, and Wipro — have seen a huge rise in employee numbers, rising between 116% to 291% in these top 5 companies in the IT Services segment.
3. However, the salary offered in campus placements across engineering colleges was constant in 15 years. The salary of TCS grew from 3.15 lacs in 2007 to Rs.3.36 lacs in 2024. The salary at Infosys grew from Rs. 3.25 lacs in 2010 to Rs.3.6 lacs in 2024.
Read 10 tweets
Maheshwer Peri Profile picture
Apr 8
When minister @PiyushGoyal compared India with China on innovation and deeptech, he stirred an hornet’s nest. More than the mindset of individuals, it reflects the state of mind that the government inspired in its people. Let us compare:
1. China Invests about 20 times of what India invests on R&D. China invested close to USD 500 billion in Science and R&D. In Comparison, India spends just about USD 25 Billion. Image
2. In 1995, India was investing 0.65% of GDP and China was at 0.57%. In 2022, India invests 0.66% of GDP while China spends close to 3% as of 2024. India stagnated while China multiplied its investments 5 times over. Image
Read 10 tweets

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