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RAILWAYS IN BIND OVER PRIVATISATION
2008-03-07 14:19:00 Riding high on the turnaround story of the country’s once-ailing train system, Railways Minister Lalu Prasad finds himself in a bind days before he presents his fourth budget. Should he further privatise the Railways and compromise his commitment to social justice or provide more jobs to those who belong to the lowest strata of the society? The mammoth Indian Railways, which runs the world’s second-biggest network, employed 17 lakh people five years ago when it ran 11,000 trains. The train count has risen to about 15,000, but the number of employees has fallen to about 14 lakh since Lalu took over, said Shiv Gopal Mishra of the All India Railway Men Association (AIRF). He said the trend towards privatization threatened to destroy the system of accountability built up over decades. An estimated 1.8 lakh positions, including 22,000 reserved category jobs, are vacant in the railway. The ministry has surrendered hundreds of other jobs. “When there are n...
By: India Blog
Vinatex to complete privatisation this year
2008-01-25 13:51:00 The Vietnam National Textile and Garment Group (Vinatex) is to complete its privatisation during 2008, with an IPO slated for the end of the year or the beginning of 2009. Vinatex is awaiting the privatisation of its five big subsidiary companies,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
PCS welcome MOD U Turn on Privatisation
2007-11-01 18:33:00 PCS oppose and campaign against the proposed privatisation of the military to arms companies which lies at the heart of the St Athan project. PCS: Union welcomes MoD U-turn on training privatisation Thursday, 25 Oct 2007 16:22 The Public and Commercial Services Union (PCS) welcomed today’s announcement by the Ministry of Defence (MoD) to halt the privatisation of approximately 4,000 staff who train the armed forces in driving armoured vehicles, lorries and jeeps as well as languages. The union hailed the decision to keep one half of defence training in the public sector as a victory for common sense which would ensure world class training for the armed forces whilst providing value for money for the taxpayer. PCS called on the MoD to see sense and halt the privatisation of the other half of defence training which includes technical and mechanical training. The union warned that pushing ahead with remaining half of defence training would represent poor value for mone...
Maroc : Le processus de privatisation génèra près de 12 milliards de dollar
2007-10-17 21:05:00 Le total des recettes générées par le processus de privatisation engagé par le Maroc depuis 1989 s'est établi, jusqu'à fin 2006, à 94 milliards de dirhams (environ 11,75 milliards de dollars américains), a indiqué mercredi à Marrakech le premier président de la Cour des Comptes, Ahmed El Midaoui, cité par l'agence MAP. "Soixante-onze compagnies au total ont été privatisées durant ce processus
Privatisation of ambulance services must be resisted
2007-05-14 00:00:00 The decision by the HSE to seek expressions of interest from private ambulance operators can be seen as the thin edge of the privatisation wedge. SIPTU has accused the Health Service Executive of trying to privatise the country's Ambulance Service. This creeping privatisation of essential public services such as ambulance services must be resisted. Experience in Britain in particular has shown us that privatisation of public services just does not work. The advertisement published in the government eTenders public procurement sets out the areas that the private hospitals will operate in.1. Patient transfer services to and from health facilities.2. Emergency response services.3. Inter-hospital critical care servicesAll of the above have been carried out by the HSE public ambulance service to date and if there is a need to expand the service I believe that the government and the HSE should invest in this public service.
A dozen bidders approved for PSO privatisation
2007-01-23 23:20:04 The Privatisation Commission (PC) approved a dozen bidders in the privatisation of Pakistan State Oil (PSO), the country’s top oil marketing firm.It said bidding for a 51% stake, with management control, was expected to take place in March, without giving a specific date…The PC said in a statement on Wednesday the bidders included Abraaj Capital, Abu Dhabi Group, Al-Ghurair Investment - all from the United Arab Emirates - a consortium grouping Saudi-based Aljomaih Group and Kuwait’s Noor Financial Investment; Bakri International Energy Systems, Dabbagh Group Holding of Saudi Arabia, Goldman Sachs (Asia) Finance and Vitol S.A. of Switzerland. Local firms qualified for bidding are MCB Bank, Fauji Foundation, Attock Group of Companies and the Kohinoor Group, which is led by Kohinoor Textile. US investment firm J.P. Morgan is the financial adviser for the sale…. Source : Business Recorder |
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