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Showing contexts for: I quote in Discussion On Disinvestment Of Public Sector Undertakings. (Concluded). on 23 August, 2001Matching Fragments
It increased in the year 1999-2000 also. In spite of that, the Minister says that the public sector is less efficient than private sector. The total receipts of the Government work out to be Rs.165.50 billion over those three years on an average investment of Rs.929.53 billion. It means the Government has received Rs.1538.35 billion against a total cumulative investment of Rs.967.20 billion which is an inconceivable equation to anybody who is interested in this subject of national importance. Sir, even if the share of profit is excluded, the total receipts to the Exchequer comes to Rs.1282.25 billion which is 138 per cent. What is the purpose that has been explained here by the Minister in the document? Why is there disinvestment? Why shares are sold out even at below the market price? I quote what he has stated:
Sir, I further wrote:
"Mr. Prime Minister, having grown with your own style of patriotic devotions through RSS and other activities of Jan Sangh and Swadeshi Manch in the recent times, could you encourage this surrender? "
The hon. Prime Minister was kind enough to acknowledge this letter. Thereafter, where was it referred to I do not know. … (Interruptions)
SHRI M. VENKAIAH NAIDU : You will one day become a Swayam Sewak… (Interruptions)
SHRI PRIYA RANJAN DASMUNSI : Sir, I now quote certain lines. I will later on disclose where from I quoted. It says:
SHRI ARUN SHOURIE: No. SHRI PRIYA RANJAN DASMUNSI : This is good. Now the Government’s position has been exposed. If there is indictment by the Stock Exchange, till it is convicted, it will not be out of the advisory panel.
There is a FERA violation to the tune of $300 million. It has been siphoned off from India and transferred abroad. It will come into operation. Foreign Exchange is the only element in Air India that will be collected. It is accepted. I put up my letter to the hon. Finance Minister for immediate investigation. The correct agency to look into such a matter of FERA violation is only the Enforcement Directorate and nothing else. The observation of the Enforcement Directorate is that violation has been proved beyond doubt and prosecution has to begin. Shall I quote it? The Office of the Enforcement Directorate sought permission for further action from the Headquarters, Delhi. Shri R.K. Pandey, the Deputy Director, Mumbai Office sought further permission from the Central Office. But permission has not been given till date. I am not talking of any individual. What I say is that it is a scandalous matter. If I read the report and observations of the Enforcement Directorate, it will take whole night. It is scandalous. The Gulf Air Chief Salim Assiyabi transferred $ one million. There is no account. There is no information from the RBI in this regard. ARRA in Hong Kong transferred $35 million. There is no account. There is the corporate guarantee by IHCL of US $ 35 million in favour of City Bank to Taj, Hong Kong. It was done without the permission of the RBI. IHCL transferred US $ 35 million through Citi Bank to Hong Kong without permission of the RBI. All these have been approved by the Board meeting. It was questioned by RBI and referred to an independent auditor. The independent auditor has also subscribed to this issue. I have with me the report of the independent auditor. This is the status. Mr. Minister, you are saying that the whole thing is done in a transparent manner.
Just because I wanted to quote, I will quote some lines. Who started disinvestment and opened the sector of communication? एक ओर पब्लिक सैक्टर अंडरटेकिंग्ज में कारपोरेटाइजेशन नहीं करेंगे, till the end, the public sector undertakings were making profits. It is world rule. It is the economy.मोनोपोली होगी,पब्लिक सैक्टर अंडरटेकिंग्स प्रोफिट करेगा। वी.एस.एन.एल. का १.४.२००२ से जो भी प्रोफिट होगा, .यह मोनोपोली की वजह से है, क्या आप उसे ओपन करेंगे?You are opening the gateway. These are the terms and conditions signed which were signed by the then Government, their hon. Government and not by Shri Yashwant Sinha.क्या आपने ऐसा साइन किया, क्या आपने समर्थन किया कि २००२ में वी.एस.एन.एल.की मोनोपोली डिसकंटीन्यू होगी? सैलुलर लाइसेंसेज़ का प्रोसैस किसने स्टार्ट किया था?