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Disinvestment
BHEL Disinvestments And New Capitalism By Prabir Purkayastha
Monday, 12 January 2009 10:46

WE have earlier focussed on how we need to make BHEL a global player in power equipment manufacturing. This is doubly important, as the major power market in the world today is China and India, followed by the rest of Asia. The developed countries do not have any major programme of investing in additional power generation capacity, their focus being restricted to renovating of ageing units. Given that the markets are in Asia, it is not surprising that the new emerging global players are in countries that have a large domestic market for power equipment. Interestingly enough, while the emerging players such as Doosan, Dongfang Electric Corporation, Harbin Power are all supported by their g ...

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Last Updated on Thursday, 24 January 2013 06:20
 
BHEL Disinvestments-An Attack On The Power Sector By Prabir Purkayastha
Monday, 12 January 2009 10:41

THE media has cast the Left’s opposition to the proposed disinvestments of 10 per cent of BHEL as one more instance of its inability to change its ideology with modern times. Efforts also are made to compare the BHEL disinvestments with that of the loss making undertakings in West Bengal, where only after years losses and after being convinced that these cannot be turned around that the Left Front government is now thinking of shutting them down. Even to an ideologically blinkered media, simple commercial common sense would show the difference between shutting down loss making PSUs from that of selling shares in one of the leading and most profitable companies. But then, common sense is q ...

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Last Updated on Thursday, 24 January 2013 06:23
 
Privatisation Of Municipal Water Supply By Raghu
Monday, 12 January 2009 10:38

IT is an irony, indeed a tragedy, that on World Water Day (March 23, 2004), one should be writing this article about efforts being made at the level of both the centre and many states in India to privatise water, a basic human necessity rightly considered as a public good but now being sought to be expropriated by corporate interests using the instruments of imperialist globalisation.

 

A variety of moves have been quietly underway for some time now, under the active prompting of the Word Bank, IMF, Asian Development Bank and other multilateral agencies, for privatisation of water supply utilities in India, starting with the major metropolitan cities and using these as lev ...

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Last Updated on Thursday, 24 January 2013 06:39
 
Corporate Takeover of Water Resources By Amit Sen Gupta
Monday, 12 January 2009 10:35

SINCE antiquity it has been assumed that water is a common resource that canand should be shared according to the needs of people. This assumption isbeing challenged across the world, as water becomes a scarce resource.Already 160 km3 of water is pumped out each year from groundwater sourcesthat are not replenished. In Africa and parts of Asia women spend an averageof 3 hours every day to collect water. The global demand for water hasincreased more than six fold over the past century -- more than double therate of population growth, and 1.1 billion people in the world do not haveaccess to safe water

The answer to the huge challenge of managing water resources could have beensought ...

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Last Updated on Thursday, 24 January 2013 06:37
 
Trading In Water By Amit Sen Gupta
Monday, 12 January 2009 10:32

VIRTUALLY since the dawn of human civilization, the total amount of fresh water available for human consumption and use has practically remained constant. It is just half a per cent of the total water on the planet—the rest being seawater or water locked up in ice caps or deep below the earth’s surface. In the last 200 years the earth’s population has risen over 33 times. On the other hand, the only renewable source of freshwater on earth is rainfall—which generates a more or less constant global supply of 40,000 to 45,000 cubic km per year. Moreover, overuse, pollution, diversion and depletion of this finite source of freshwater is taking place rapidly across the globe. It is being predi ...

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Last Updated on Thursday, 24 January 2013 06:33
 
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