#DISINVESTMENT PROGRAMME

[best2daynews]

Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

The government has decided to exempt investors picking up state’s equity shares under strategic disinvestment programme from the provisions of gift tax.

[bilbobagginsomebabez]

completing a STEM degree includes putting yourself in an environment where the importance of the humanities is specifically denigrated. this is not the case for everyone and the extent to which it is true among the general public is to a far lesser degree than the targeted denigration of humanities that takes place within STEM fields. this is dangerous because we are people and the stuff that makes us people is as important to understand as the things that people make. this is also not possible in the same way in the humanities because we live in a technology-dominated world and are also excited by new toys and the ways of thinking that generated them. we have no challenge to the fact that technology and science are vital and important parts of the human experience. whole sections of the humanities are dedicated to it!

this "discourse" started because the humanities were and continue to be denigrated as a waste of a degree with no practical use. the humanities continue to suffer from axed programs and depleted budgets while STEM programs are inundated with capital funding in addition to the bulk of institutional resources. STEM fields are valued as "hard" sciences, inherently more trustworthy and worthwhile than the humanities.

this is not a "discourse," it is a structural issue. and it is a structural issue that primarily benefits STEM while harming the humanities. That primary benefit to STEM combined with previously good-faith competitive jibes between specializations creates a social environment in which people who have completed a STEM degree have very little knowledge of the humanities and are additionally hostile to learning about them or treating them with respect.

STEM degrees and techheads are not being bullied when the humanities point out ways in which tech would benefit from our input. we are literally fighting for our lives out here and our society is actually harmed by disinvestment from the arts and humanities. we have a point. we have to keep making the same point until something changes. at this point, nothing has changed.

there is also something to be said about the ways in which your education, the manner of teaching, and the structures you adopt to understand the material impact your ways of thinking. I have not completed a STEM degree and cannot speak to the experience, but the discussions I've had with programmer friends has revealed a certain rigidity that is actively unlearned through studying the humanities. that difficult-to-describe rigidity in thought and structure is what many people who have studied the humanities are talking about when they're talking about humanities illiteracy. Through our various degree, we intentionally learn how to investigate different types of thought. when speaking to the educated but humanities illiterate, they seem unaware that there are other types of thought to be had. It's like trying to talk through glass, and that's part of the problem. not because thinking like that is inherently wrong (we are the humanities! people have to think in ways for us to look at it and be fascinated!), but because we are aware that Your Highly-Influenced-By-The-Way-Your-Degree-Works-Way-Of-Thinking is currently Dominant but it is only one way of thinking. We have to try to make you aware of that because possessing this vital knowledge ourselves is not enough. We exist in a structure where we possess vital knowledge that is ignored, suppressed, or denigrated and our peers refuse to consider us or fully treat us as peers.

People who have completed humanities degrees hold our knowledge over the heads of tech people and STEM-heads where we can because it is vital knowledge that is structurally suppressed. We have to tell you where it would have been relevant so next time, maybe you will think to ask.

additionally, as the structural problem continues, it snowballs. STEM and specifically Tech go farther and farther and farther down a path lacking any external input from other specifications and the consequences of their unilateral actions also get worse and worse. there's a reason every degree is suddenly getting really "interdisciplinary"--we're slowly realizing that none of these things are actually separate and teaching them as such is super fucking dangerous. We still have a lot of tech-educated individuals wielding a fuck ton of social power in the absence of vital understandings curated by different fields with no recognition or understanding of the power they wield or the ways in which Different Ways Of Thinking could on its own change the trajectory of this new and unwieldy beast called "technology" and by which we really mean The World That Exists In Circuits and Code.

If you are an Enlightened Tech Person who has discovered independently how to engage with utterly different ways of thinking rather than a tech person convinced they have nothing else to learn due to the rigidity of their learning structures, congratulations! Awesome for you personally, i'm sorry that the same repeated iteration of something you personally understand is frustrating. however, we still have to deal with a structural problem in the Way We Do Education, so maybe you can pass your new understandings along rather than getting angry at us for the continuous need to make the same point over and over and over.

We Live In A Society

it is kind of funny how every time we have discourse about the humanities, a large slice of this site will come out and tacitly endorse the opinion that everyone who didn't go to college is not a complete or interesting person

[thelonguepuree]

The effect [of contemporary neoliberal capitalism] is to intensify capitalism’s inherent contradiction between economic production and social reproduction. Whereas the previous regime [of post-45 state-managed capitalism] empowered states to subordinate the short-term interests of private firms to the long-term objective of sustained accumulation, in part by stabilizing reproduction through public provision, this one authorizes finance capital to discipline states and publics in the immediate interests of private investors, not least by demanding public disinvestment from social reproduction. And whereas the previous regime allied marketization with social protection against emancipation, this one generates an even more perverse configuration, in which emancipation joins with marketization to undermine social protection. The new regime emerged from the fateful intersection of two sets of struggles. One set pitted an ascending party of free-marketeers, bent on liberalizing and globalizing the capitalist economy, against declining labour movements in the countries of the core; once the most powerful base of support for social democracy, these are now on the defensive, if not wholly defeated. The other set of struggles pitted progressive ‘new social movements’, opposed to hierarchies of gender, sex, ‘race’, ethnicity and religion, against populations seeking to defend established lifeworlds and privileges, now threatened by the ‘cosmopolitanism’ of the new economy. Out of the collision of these two sets of struggles there emerged a surprising result: a ‘progressive’ neoliberalism, which celebrates ‘diversity’, meritocracy and ‘emancipation’ while dismantling social protections and re-externalizing social reproduction. The result is not only to abandon defenceless populations to capital’s predations, but also to redefine emancipation in market terms. Emancipatory movements participated in this process. All of them—including anti- racism, multiculturalism, LGBT liberation, and ecology—spawned market-friendly neoliberal currents. But the feminist trajectory proved especially fateful, given capitalism’s longstanding entanglement of gender and social reproduction. Like each of its predecessor regimes, financialized capitalism institutionalizes the production–reproduction division on a gendered basis. Unlike its predecessors, however, its dominant imaginary is liberal-individualist and gender-egalitarian—women are considered the equals of men in every sphere, deserving of equal opportunities to realize their talents, including—perhaps especially—in the sphere of production. Reproduction, by contrast, appears as a backward residue, an obstacle to advancement that must be sloughed off, one way or another, en route to liberation. Despite, or perhaps because of, its feminist aura, this conception epitomizes the current form of capitalism’s social contradiction, which assumes a new intensity. As well as diminishing public provision and recruiting women into waged work, financialized capitalism has reduced real wages, thus raising the number of hours of paid work per household needed to support a family and prompting a desperate scramble to transfer carework to others. To fill the ‘care gap’, the regime imports migrant workers from poorer to richer countries. Typically, it is racialized, often rural women from poor regions who take on the reproductive and caring labour previously performed by more privileged women. But to do this, the migrants must transfer their own familial and community responsibilities to other, still poorer caregivers, who must in turn do the same—and on and on, in ever longer ‘global care chains’. Far from filling the care gap, the net effect is to displace it—from richer to poorer families, from the Global North to the Global South. This scenario fits the gendered strategies of cash-strapped, indebted postcolonial states subjected to IMF structural adjustment programmes. Desperate for hard currency, some of them have actively promoted women’s emigration to perform paid carework abroad for the sake of remittances, while others have courted foreign direct investment by creating export-processing zones, often in industries, such as textiles and electronics assembly, that prefer to employ women workers. In both cases, social-reproductive capacities are further squeezed.

Nancy Fraser, from “Contradictions of Capitalism and Care,” NLR 100 (July/August 2016)

[joyikstvo]

MUN // Position paper

Committee: Economic and Financial Affairs Council - C2 Agenda: Economic Resonance during COVID-19 Goals: Overcome the economic crisis impact Delegate of: Federal Democratic Republic of Ethiopia Represented by: _______

COVID-19 crisis has created extraordinary circumstances which have an impact on various areas. The Ethiopian government moved swiftly to implement containment measures, first responses have been the scattering national policy initiatives leading to severe limitations with regards to freedom of movement and an overall increased concentration of power in the hands of the executive branches which largely turned to govern by decree in order to legislate the lockdowns. As an extraordinary step, the government pardoned more than 4,000 prisoners to prevent the spread of the virus through the prison system.

The lockdown measures put in place by the Ethiopian government are rapidly causing the unraveling of an economic crisis which has the potential to be of bigger proportions than the recession of 2008. The paralyzation of most economic activities translates into a simultaneous business and employment crisis. The unemployment Rate in Ethiopia has increased to 2.08%. National Bank of Ethiopia set aside a 15-billion-birr ($450 million) liquidity facility for private banks to support their clients, especially businesses adversely affected by Covid-19.  Ethiopia’s financial sector is in its infancy, dominated by the state-owned Commercial Bank of Ethiopia (CBE), with about 57% of deposits and 45% of profits from the total of 18 lenders.

Furthermore, due to the difference in loaning abilities between countries, there is a risk of an asymmetric financial crisis that would disrupt Ethiopia’s integrated monetary and economic cohesion for decades to come. Ethiopia has a substantial amount of debt: external debt and domestic debt account for approximately 30% and 27% of the GDP, respectively. Servicing external debt was already a stretch for the government’s budget prior to the pandemic. The constraints on the country’s balance sheet have been exacerbated in the last few months. Unless crushing debt payments are delayed, the International Monetary Fund (IMF)’s emergency funding of $411 million and the World Bank’s $82.6 million are a drop in the bucket. The country’s foreign exchange is weak and poses a significant near-term challenge to its economy. Already, the exchange rate has fallen to 33.53 Birr/$1 at the end of April 2020, representing a 15-17% depreciation from the same time last year, according to conversations with the Ethiopian Ministry of Finance officials. The country’s foreign exchange status can be attributed to its poor-performing sectors, particularly its national airline, agricultural exports, hospitality sector, and production targets.

Ethiopian Airlines, the country’s largest foreign exchange earner, saw a decline in revenue of over $550 million between January and April 2020. This is particularly worrisome as the airline supports over 1 million jobs and contributed over 5% of Ethiopia’s GDP in 2019.

Ethiopia’s agriculture exports— 60% of total exports in 2019 have also been dealt a major blow as demand slows in major European and North American trading partners. The agriculture sector is the largest employer in the country and generates significant foreign exchange for Ethiopia, particularly coffee and oil seeds. According to Deloitte, Ethiopia’s agricultural exports as of April 2020 were only at 20% of their usual volume, translating into a year-to-date (YTD) loss of about $132 million. In addition, a significant amount of Ethiopia’s cropland and pastures have been impacted by a locust invasion, pushing over one million people into hunger.

Ethiopia’s hospitality sector has collapsed as travel bans have gone into effect around the world. The collateral damage is significant as hospitality accounts for over 8% of the total employment in the country. At the same time, Ethiopia’s manufacturing sector—a key focus of the government in recent years—has weakened due to the disruption in supply chains worldwide. Ethiopia’s textile and apparel industries, in particular, have been affected by supply shortfalls in China, as well as the slowdown in demand in Europe and North America.

However, numerous governments are promoting measures aimed at alleviating the situation for businesses and employees. Using peacebuilding networks of the project’s boundary partners, and collaborating with the EU funded Resilience Building and Creation of Economic Opportunities in Ethiopia project (RESET II) and Woreda Administrations. SEEK (SELAM EKISIL) project is raising awareness of Covid-19 and cholera as well as distributing sanitary items, personal protective equipment (PPE), and hand washing containers to households, health facilities, and local markets. With a small grant from SIPED II, the land rehabilitation effort aimed to restore 310 hectares to improve local livelihoods. Based on past experience and the area’s topography, the project used “level soil bund construction” to reduce soil erosion, degradation and deforestation.

The situation led the then-Ministry of Federal and Pastoral Development Affairs, the current Ministry of Peace and USAID to select the area for a project to build community-government engagement to reduce land degradation through the SIPED II program. Funded by USAID and implemented by Pact, SIPED II is increasing the resiliency of Ethiopian communities to manage and respond to conflict.

While liquidity has been made available to the banks, the impact of such measures can only be assessed in terms of their positive effects on the businesses they were intended to reach. It is also critical to engage and encourage private sector creditors to participate in debt relief efforts. The government plans to sell 40% of the state-controlled telecommunications monopoly as it moves to open up the industry to international operators for the first time. The government should press ahead in these efforts to bring about much-needed investment, job growth, critical revenue in the government treasury, and much-anticipated mobile money efficiencies for customers.

The Ethiopian government has considered subsidizing with the Development Assistance Group (DAG) $1.6 billion of emergency funding to help keep them afloat during this crisis. The U.S. Embassy has a variety of funding opportunities available to Ethiopians and has granted $4.3 million to 300 projects that benefited more than 7 million people in all regions of Ethiopia. The government is also currently formulating a 10-year prospective development plan with the UN for the period 2019/20 to 2029/30 which is fully aligned to the 2030 agenda and SDGs. The World Food Programme (WFP) supports this goal through a range of lifesaving and resilience-building activities, targeted at vulnerable populations experiencing acute and chronic food needs (including refugees and IDPs) and those at risk of malnutrition.

I think the government should see this as an opportunity to investment in public goods such as welfare, education, research and healthcare, thereby came up with Recovery Action Plan: A Green Deal based on disinvestment on carbon-intensive sectors and investment in carbon-neutrality of production, transportation and delivery of energy and goods. The economic crisis resulting from the current health crisis must not become an excuse to delay the action on climate and environmental sustainability – this would only create even more severe problems in the future both for the economy and public health. Instead, Ethiopians must see the synergies between the massive investments that will be necessary to boost the economy and the urgently needed investments in the green transition. When thousands of Ethiopians lose their jobs due to COVID-19, let us make sure the new jobs we stimulate are green jobs, for example by investing in energy renovation of buildings and electrification of the transportation system.

To finance this plan, new resources need to be at disposal of the Union. The Multiannual Financial Framework (MFF) needs to be bigger than the currently negotiated proposals. New forms of autonomous resources for the country should be developed while envisaging the possibility to use a new common financial instrument, directly managed by the Union and targeted on the member’s states’ implementation of the objectives and the measures as set out in the Action Plan. _______________________________________

Sources:

In Ethiopia: more than 4,000 prisoners to be released for fear of coronavirus ▷ Africa BuzzFeed • Ethiopia - unemployment rate 1999-2020 | Statista National Bank of Ethiopia to inject $450 million as liquidity for private banks | Nasdaq Financing for Ethiopia’s development - Ethiopia Insight (ethiopia-insight.com) Ethiopia Battles the Pandemic and Its Economic Consequences | Center for Strategic and International Studies (csis.org) RESET Plus: Innovation Fund for Resilience in Ethiopia - ICCO EN (icco-cooperation.org) Keeping it local: How the SEEK project (Ethiopia) has helped boost the local economy and contributed to peace in cross-border areas during COVID-19 | EU Emergency Trust Fund for Africa (europa.eu) Restoring farmland and livelihoods builds peace in Ethiopia | Pact (pactworld.org) Africa News: Ethiopia to Open Telecoms Industry to Investors - Bloomberg Ethiopia Requests $1.6b Emergency Funding (addisfortune.news) Funding Opportunities | U.S. Embassy in Ethiopia https://ethiopia.un.org/en/sdgs Ethiopia | World Food Programme (wfp.org)

[saviolinette-blog]

Bharat 22 ETF opens today, aims to raise Rs 8,000 crore on Business Standard. Bharat 22 ETF aims to bring broad-based ownership pattern to public sector enterprises: Department of Investment and Public Asset Management

[awesomedimple-blog1]

Bharat 22 ETF opens today, aims to raise Rs 8,000 crore on Business Standard. Bharat 22 ETF aims to bring broad-based ownership pattern to public sector enterprises: Department of Investment and Public Asset Management

[trendingcurrentaffairs]

Bharat 22 ETF opens today, aims to raise Rs 8,000 crore

Bharat 22 ETF aims to bring broad-based ownership pattern to public sector enterprises: Department of Investment and Public Asset Management

The Bharat 22 Exchange Traded Fund (ETF) announced earlier this year as part of the government's disinvestment programme will open for investors on Tuesday and end on November 17.

With the initial issue size of Rs 8,000 crore, the ETF will open for anchor investors on Tuesday, for non-anchor investors on November 15, and close on November 17, Department of Investment and Public Asset Management (DIPAM) Joint Secretary Anuradha Thakur told reporters here.

"Bharat 22 ETF aims to bring broad-based ownership pattern to public sector enterprises. The disinvestment programme now forms the core of the government's investment strategy," she said.

"While the initial issue size for the ETF is Rs 8,000 crore, we can also consider going beyond looking at the response," she added.

Business News : All you need to know about Bharat 22 ETF

A discount of 3 per cent has been offered to all categories of investors.

The Bharat 22 ETF comprises 22 companies, or investments, from among central public sector enterprises (CPSEs) and public sector banks (PSBs).

"The ETF is well diversified with investments across six core sectors, including industrials, finance, utilities, energy, FMCG (fast moving consumer goods) and basic materials, and offers good investment opportunity and expect an overwhelming response to this new fund offer," Thakur said.

No sector crosses the 20 per cent sectoral capping and there is a stock capping of 15 per cent.

An ETF is a traded security that tracks an underlying asset like a group of companies or commodity. The government had earlier approved the alternative mechanism through the ETF route to divest its stake in CPSEs.

[new-haryanvi-ragni]

‘Disinvestment not for shutting down public firms,’ says FM Sitharaman

‘Disinvestment not for shutting down public firms,’ says FM Sitharaman

Nirmala Sitharaman said that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards.  source https://zeenews.india.com/economy/disinvestment-not-for-shutting-down-public-firms-but-fm-sitharaman-explains-disinvestment-programme-2472448.html

[axiscolleges]

MBA - Master of Business Administration

(2 years degree programme)

Business Environment has Undergone tremendous changes since liberalization and disinvestment. The Industry Scenario has created fantastic opportunities for all. This is the right time for young graduates to enhance their Skills by doing MBA from Axis Colleges. MBA program at Axis Colleges is designed and managed by experienced corporate professionals and faculties. This Program is aimed at bringing the Knowledge and Learning of MBA Students in line to the expectation of Job Market. It also aims at providing multi dimensional growth opportunities for MBA Students. The course structure is judicious combination of compulsory course Module and choice of Specialization in Marketing, Finance, Human Resources, International Business & Operations Management. Axis Colleges is committed to provide right Opportunity to Students with a drive by Providing relevant academic and Personality development Inputs.

[saviolinette-blog]

Bharat 22 ETF opens today, aims to raise Rs 8,000 crore

Bharat 22 ETF aims to bring broad-based ownership pattern to public sector enterprises: Department of Investment and Public Asset Management

Today's Paper : The Bharat 22 Exchange Traded Fund (ETF) announced earlier this year as part of the government's disinvestment programme will open for investors on Tuesday and end on November 17.

With the initial issue size of Rs 8,000 crore, the ETF will open for anchor investors on Tuesday, for non-anchor investors on November 15, and close on November 17, Department of Investment and Public Asset Management (DIPAM) Joint Secretary Anuradha Thakur told reporters here.

"Bharat 22 ETF aims to bring broad-based ownership pattern to public sector enterprises. The disinvestment programme now forms the core of the government's investment strategy," she said.

"While the initial issue size for the ETF is Rs 8,000 crore, we can also consider going beyond looking at the response," she added.

A discount of 3 per cent has been offered to all categories of investors.

The Bharat 22 ETF comprises 22 companies, or investments, from among central public sector enterprises (CPSEs) and public sector banks (PSBs).

"The ETF is well diversified with investments across six core sectors, including industrials, finance, utilities, energy, FMCG (fast moving consumer goods) and basic materials, and offers good investment opportunity and expect an overwhelming response to this new fund offer," Thakur said.

No sector crosses the 20 per cent sectoral capping and there is a stock capping of 15 per cent. | READ MORE

[net4news]

Finance ministry gets bigger: Department of Public Enterprises now part of it - Net4News

NEW DELHI: The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the Finance Ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the Finance Ministry (FinMin). The shift of DPE to the finance ministry will help in efficient monitoring of the capital expenditure, asset monetisation and financial health of the Central Public Sector Enterprises (CPSEs). "Ministry of Finance (Vitta Mantralaya), after the sub-heading (v) Department of Financial Services (Vittiya Sewayen Vibhag), following sub-heading shall be inserted, namely:- (vi) Department of Public Enterprises (Lok Udyam Vibhag)" as per the Cabinet Secretariat notification dated July 6, 2021. The rejig comes ahead of Cabinet expansion slated later in the day. The gazette notification issued said these rules may be called the government of India (Allocation of Business) Three Hundred and Sixty First Amendment Rules, 2021. "They shall come into force at once," the notification said. Presently, the finance ministry has five departments -- Economic Affairs, Revenue, Expenditure, Investment and Public Asset Management and Financial Services. With the addition, this will be the sixth department under the finance ministry. Giving details of the functions performed by the DPE, the notification said coordination of matters of general policy affecting all Public Sector Enterprises (PSEs), evaluation and monitoring the performance of PSEs, including the memorandum of understanding mechanism, review of capital projects and expenditure in CPSEs. Besides, the DPE frames measures aimed at improving performance of CPSEs and other capacity building initiatives of PSEs, rendering advice relating to revival, restructuring or closure of PSEs including the mechanisms, counselling, training and rehabilitation of employees in CPSEs under Voluntary Retirement Scheme and categorisation of CPSEs including conferring 'Ratna' status, among others. The heavy industries ministry will continue to be the administrative ministry related primarily to the capital goods sector. As many as 44 CPSEs including Maruti Udyog Limited, BHEL, Cement Corporation, Scooters India, HMT and various other subsidiaries would be under the Ministry of Heavy Industries. Many companies under the ministry are sick and up for sale under the disinvestment programme of the government. Finance minister Nirmala Sitharaman in her Budget 2021-22 already announced that a revised mechanism for fast-tracking closure of loss making PSUs would be worked out and an incentive package would be developed to incentivise states to sell stake in state PSUs. To monetise lands owned by CPSEs, a special purpose vehicle (SPV) would be developed. She also announced a big-ticket privatisation agenda, including privatisation of two public sector banks and one general insurance company to garner Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions during 2021-22. As part of the divestment strategy for the financial sector, the government has decided to go for a mega initial public offering (IPO) of Life Insurance Corporation of India (LIC) and residual stake sale in IDBI Bank during the financial year beginning April. Besides, strategic sale of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corp, Container Corporation, Neelachal Ispat Nigam Ltd, Pawan Hans, Air India among others, would be completed in 2021-22. In September 2020, the government had apprised that out of the 34 PSUs approved for disinvestment so far, transactions were completed for eight. Transactions for four PSUs were halted as they are recommended for closure. Two of them were held up due to litigation, while transactions for 20 PSUs are in the process. Source link Read the full article

[salam2050]

Government Brings Department Of Public Enterprises Under Finance Ministry

Government Brings Department Of Public Enterprises Under Finance Ministry

The government has brought Department of Public Enterprises (DPE) under the Finance Ministry in a bid facilitate its ambitious disinvestment programme. Earlier, DPE was part of Ministry of Heavy Industries and Public Enterprises. “Ministry of Finance (Vitta Mantralaya), after the sub-heading (v) Department of Financial Services (Vittiya Sewayen Vibhag), following sub-heading shall be inserted,…

[moneycafe]

‘Covid wave may delay privatisation, divestment’

‘Covid wave may delay privatisation, divestment’

The surge in Covid-19 cases across the country is likely to impact the progress on strategic disinvestment and privatisation programme during this fiscal, which could further delay the sale of government’s stake in companies such as Bharat Petroleum Corporation and Shipping Corporation of India. Privatisation of two nationalised banks and a government-owned general insurance company could also be…

[ainbof]

A press meet was organised today by AINBOF at Purnea.Meet was widely covered by National as well as regional media including Doordarshan,News 18,Zee media, Etv, Dainik jagran,Hindustan among others.Our DGS Sri Kislaya briefed media person about ongoing agitational programme and proposed nationwide stike against disinvestment and privatisation.Demands of AINBOF were briefed to media personal for percolating down to common public. CBOA ZINDABAD AINBOF ZINDABAD https://www.instagram.com/p/CMMt3hoHx8q/?igshid=12ovhnc9agk94

[digitalfime]

Expect Nifty to give high teen returns for next 8-10 years: Rakesh Jhunjhunwala

Expect Nifty to give high teen returns for next 8-10 years: Rakesh Jhunjhunwala

If high teen returns are there, Sensex should be much over 100,000, says Rakesh Jhunjhunwala, Partner, Rare Enterprises. Now that PSU stocks have made a comeback, are they still cheap? I will invest in them only when the government actually does something. Now the government has reformed this disinvestment programme into privatisation programme and I am quite sure the government will now sell its…

[guruswarupsrivastava]

Successful Journey of Guru Swarup Srivastava

Guru Swarup Srivastava is one of the notable artists in Indian history. There are lots of platforms for artists to exhibit their arts and showcase their talents. They can also earn out of it. If this is possible today, the man behind the scene is Guru Swarup Srivastava. He was the person who corporatizes the art and defines the economic value offering an artistic identity for the artists. Are you curious to explore his life journey? Here it is!

Family and early life 

Guru Swarup Srivastava was born on 15th December 1952 in Dayalbagh, Agra, Uttar Pradesh. His father was Shri Shanti Swarup Srivastava. He was the activist who participated in the Quit India Movement at Allahabad. He was also the principal of – Mudif – E- Am College in Agra for 30 years. Later, he served for Radhasoami Educational Institute for 10 years till his demise. His mother is Smt. Shardha Satsangi, founder-director of Mudif – E- Am Montessori School, Agra. She dedicated and served for the girl children and worked for the wellness of girl children especially the primary school-going girl children. 

Education 

He holds a bachelor’s degree in Science from REI Degree College. He also received several awards like all-rounder for his outstanding performance from DR. S.P. Sukhia. Then, he completed post-graduate in Bio-chemistry from IIT Delhi. He passed his post-graduation in distinction. Here he received an award for outstanding contribution for Recreation Cultural Activities (RCA) in Delhi. 

Career

He was an industrialist and socio-economic Technocrat, well-known for popularising and corporatizing. He always holds a special place in the Indian Contemporary Art Internationally. He was the former faculty member at Dayalbagh Engineering College during 1975-76. A principal member of the negotiating IBA team in 1982-83 contributed services in mobilizing. He formulated some disinvestment schemes in the public sector undertakings. Also, he served in the post of Principal Member of IBA team for the introduction of a computer system in the banking sector.

He participated in the World Peace Program in Karachi, Pakistan in February 2000 that was convened by Rotary International. He loved travelling and he went to Germany with the view to initiate wind energy movement in India with complete focus on trust. He was invited from All Indian Radio and Doordarshan and accepted the invitation to participate in a comparison of more than 1000 programmes on community development. 

Awards and achievements 

Udyog Ratan Shiromani award in 2002

Lifetime achievement award in 2003

Lifetime achievement award from the Indian banking industry 

Outstanding contribution to recreational cultural activities 

Rashtriya Ratna Award in 2001 

Braj Ratan Award 2018 by incredible India foundation 

Limca book award 

Guru Swarup Srivastava: an inspirer 

Guru Swarup Srivastava is one of the legends who set an example for the younger generation. Taking his life and his career journey as the inspiration, the youngsters can set their direction to be successful in their lives. Get to learn more about his passion and growth and create life goals to reach a height in your life.