Khao Aur Khilao budget by Arindam Chaudhuri
Shahrukh khan to Host IIPM 4Ps Annual Business and Marketing Quiz
2,300 IIPM students get jobs
Satyam scam: Nationalise and own
More importantly, it will also free Satyam’s assets from being proceeded against via foreign litigation which has been filed against it. But if Satyam is merely revived and then given over to another private investor, it will be under the obligation to take over all the liabilities that may be ordered against it by Indian or foreign courts. Thus the whole object of revival will be frustrated.
It is obviously not in the common people’s interest that the state should invest large sums of public money in Satyam with a view to bring it back to health and then return it to a private management. It makes no difference that there will be a new private investor.
If in spite of this fraud another private investor is to be trusted, it may only justify Marx’s taunt that “the state is the Executive Committee of the bourgeois class”.
The smaller shareholders may be compensated later on, when the company revives. After all, they took chances and also enjoyed the profits of the company, which were there in the past. So surely, equity is not hurt if now they suffer the consequences of having ignored the fraudulent activities of the old management of the Rajus.
The most surprising aspect is that with all this fraud and economic meltdown, the government is still running away from nationalising Satyam.
It is paradoxical that in this country, where nationalisation of oil, coal and banks have shown far better results than private management in vital sectors, the government should resist privatisation. Today America, with its undiluted privatisation, is suggesting nationalisation of some of its largest banks (even if it be for a short time) as the only method of recovery of banking institutions.
Paul Krugman, the Nobel laureate in economics in his latest column has accepted the bitter truth: “And if the government is basically putting up all the money, it should get the ownership in return – and the road to that system runs though nationalisation.” Even the former Federal Reserve chairman Allan Greenspan, a staunch defender of free market, has had to concede ungrudgingly: “It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring.”
An average person may justifiably ask that if die-hard capitalist USA is advocating nationalisation of banks, why is our Central government reluctant regarding Satyam? This query needs an answer indeed.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM 4Ps Quiz- Shahrukh Khan Video
IIPM - Most Innovative B-School
IIPM Best B-school
IIPM
IIPM Global B-School
IIPM Alumni Officially on Facebook
IIPM 4ps Quiz
IIPM: History, and Founder Director Dr. M.K. Chaudhuri
IIPM New Delhi, The Indian Institute of Planning and Management, India
IIPM Placements New Delhi, India
IIPM New Delhi India
IIPM MBA Institute India
IIPM - International
Business and Economy - India's Most Influential Business and ...
Rankings IIPM, The Indian Institute of Planning and Management India
Management Certification, IIPM India
(IIPM) Management Education Institute India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
Shahrukh khan to Host IIPM 4Ps Annual Business and Marketing Quiz
2,300 IIPM students get jobs
Satyam scam: Nationalise and own
More importantly, it will also free Satyam’s assets from being proceeded against via foreign litigation which has been filed against it. But if Satyam is merely revived and then given over to another private investor, it will be under the obligation to take over all the liabilities that may be ordered against it by Indian or foreign courts. Thus the whole object of revival will be frustrated.
It is obviously not in the common people’s interest that the state should invest large sums of public money in Satyam with a view to bring it back to health and then return it to a private management. It makes no difference that there will be a new private investor.
If in spite of this fraud another private investor is to be trusted, it may only justify Marx’s taunt that “the state is the Executive Committee of the bourgeois class”.
The smaller shareholders may be compensated later on, when the company revives. After all, they took chances and also enjoyed the profits of the company, which were there in the past. So surely, equity is not hurt if now they suffer the consequences of having ignored the fraudulent activities of the old management of the Rajus.
The most surprising aspect is that with all this fraud and economic meltdown, the government is still running away from nationalising Satyam.
It is paradoxical that in this country, where nationalisation of oil, coal and banks have shown far better results than private management in vital sectors, the government should resist privatisation. Today America, with its undiluted privatisation, is suggesting nationalisation of some of its largest banks (even if it be for a short time) as the only method of recovery of banking institutions.
Paul Krugman, the Nobel laureate in economics in his latest column has accepted the bitter truth: “And if the government is basically putting up all the money, it should get the ownership in return – and the road to that system runs though nationalisation.” Even the former Federal Reserve chairman Allan Greenspan, a staunch defender of free market, has had to concede ungrudgingly: “It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring.”
An average person may justifiably ask that if die-hard capitalist USA is advocating nationalisation of banks, why is our Central government reluctant regarding Satyam? This query needs an answer indeed.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM 4Ps Quiz- Shahrukh Khan Video
IIPM - Most Innovative B-School
IIPM Best B-school
IIPM
IIPM Global B-School
IIPM Alumni Officially on Facebook
IIPM 4ps Quiz
IIPM: History, and Founder Director Dr. M.K. Chaudhuri
IIPM New Delhi, The Indian Institute of Planning and Management, India
IIPM Placements New Delhi, India
IIPM New Delhi India
IIPM MBA Institute India
IIPM - International
Business and Economy - India's Most Influential Business and ...
Rankings IIPM, The Indian Institute of Planning and Management India
Management Certification, IIPM India
(IIPM) Management Education Institute India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
No comments:
Post a Comment