General Trading Chat

[Riskyman]

i think this govt jobs people (babus) are very powerful and not at all can be treated like kachra by anyone. they are very smart and they control many ministries. if a minister is not smart enough the babus will control whole game and confuse the ministers. only after a strong govt comes then only these type of people start working otherwise they are enjoying only.

That is even worse that a government employee can manipulate an elected representative of the people

 

[timepass]

Pvt sector bosses already have their man in ministry.... policies are often been thought when requirements arise from these bosses...

Having a man there is one thing, being entitled is quite another.

 

[timepass]

Rest in Peace, Birlaji. Thanks for everything.

https://timesofindia.indiatimes.com...ar-birla-passes-away/articleshow/70057795.cms

Industrialist Basant Kumar Birla passes away
PTI | Jul 3, 2019, 05.05 PM IST

MUMBAI: Industrialist Basant Kumar Birla, the grandfather of Kumar Mangalam Birla, died in the financial capital on Wednesday, sources said. He passed away at the age of 98.

Birla was the chairman of Century Textiles and Industries, and had been active in business since the age of 15. He was the youngest son of industrialist and philanthropist Ghanshyam Das Birla.

He was instrumental in a slew of business initiatives, starting with his stint as the chairman of Kesoram Industries, they said.

Specifically, he tapped into opportunities in sectors like cotton, viscose, polyester and nylon yarns, refractory, paper, shipping, tyrecord, transparent paper, spun pipe, cement, tea, coffee, cardamom, chemicals, plywood, MDF Board, according to a profile available online.

Kumar Mangalam Birla's father Aditya Vikram Birla, who died in 1995, was his only son. He is survived by his daughters Jayshree Mohta and Manjushree Khaitan.

 

[timepass]

Maybe this will be a bad news for tomorrow's markets. It is true that before GST, we used to pay 15.5% tax, now it is 18%.

https://www.livemint.com/market/mar...tion-slowdown-higher-taxes-1562135433330.html

PMI: India’s services sector feels heat of consumption slowdown, higher taxes
1 min read . Updated: 03 Jul 2019, 12:07 PM ISTHarsha Jethmalani

• A figure above 50 indicates expansion, while a reading below that signals contraction
• Under GST, services are taxed at a rate of 18%, higher than the 15% levied earlier

 

[timepass]

More pain for the PSUs. I wonder which banks have lent money to BSNL and MTNL.

https://timesofindia.indiatimes.com...ailout-for-bsnl-mtnl/articleshow/70048935.cms

Government proposes Rs 74,000 crore bailout for BSNL, MTNL
TNN | Jul 3, 2019, 02.36 AM IST

NEW DELHI: The government is considering a Rs 74,000-crore bailout plan for the bleeding state-owned telecom companies BSNL and MTNL. The strategy involves offering a handsome exit package to thousands of employees, including an additional 5% compensation (ex-gratia) to make the VRS attractive, while providing for 4G spectrum and capital expenditure. BSNL is the country’s biggest loss-making PSU (estimated Rs 13,804 crore in FY19), while MTNL was third with a loss of Rs 3,398 crore. Only Air India has a higher loss than MTNL. If the package goes through, the two telecom PSUs will overtake AI as the biggest drain on the national exchequer.

............more

 

[siddhant4u]

and thus begins the privatisation of government services....

https://timesofindia.indiatimes.com...reaucratic-hierarchy/articleshow/70054948.cms

Govt to induct 40 private sector specialists at crucial mid-level of bureaucratic hierarchy
PTI | Jul 3, 2019, 02.06 PM IST

NEW DELHI: The Centre has decided to appoint 40 private sector specialists at the posts of Deputy Secretary and Director, considered as crucial decision-making levels in the bureaucratic hierarchy, the Lok Sabha was informed on Wednesday.

Usually these posts are manned by government servants selected through various Group A services like the IAS and from the promotee officers of the Central Secretariat Service among others.

Niti Aayog, in its three-year action agenda, and the sectoral group of secretaries on governance, in its report submitted in February, 2017, have recommended for induction of personnel in the middle and senior management level in the government with the twin objectives of bringing in fresh talent as well as augment the availability of manpower, Minister of State for Personnel Jitendra Singh said in a written reply.

"Based on this, it has been decided, in principle, to appoint outside experts to 40 positions at Deputy Secretary/Director level. However, no final decision has been taken in the matter," he said.

To a question as to the government was considering lateral exits of IAS officers in central government services, the minister said "there is no such proposal before the government".

Singh, in another reply, said the government has, from time to time, appointment some prominent persons for specific assignments in government, keeping in view their specialised knowledge and expertise in the domain area.

PTI had last month reported that a total of 40 specialists from the private sector were likely to be appointed in the government at the level of Deputy Secretary and Director.

The Union Public Service Commission (UPSC), which conducts the civil services examination to select officers of Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS) among others, had in April this year selected nine private sector specialists as Joint Secretaries.

The posts of Joint Secretaries are manned by the IAS, IPS and other service government officers.

The Personnel Ministry had in June last year invited applications for the Joint Secretary-rank posts through "lateral entry" mode.

The lateral entry mode, which relates to the appointment of specialists from private sector in government organisations, is considered as an ambitious step of the Modi government to bring in fresh talent in bureaucracy.

A total of 6,077 applications were received in response to the government's advertisement.

Do you think IAS officer will co-operate with 'outsiders' ? remember Nandan Nielkani had been given Cabinet rank to steer Aadhaar in 2009 and also recently to advice RBI

 

[timepass]

BoB has open = low, same for CanBk. The same for a lot of PSU banks.

Looks like BoB may try for 135 today.

 

[Smart_trade]

FM has tabled the Economic Survey in the Parliament...

Smart_trde

 

[timepass]

FM has tabled the Economic Survey in the Parliament...

Smart_trde

Yes, the picture is not bleak. Actually it paints an encouraging picture of the economy in the near term. The details are still coming in.

Economic Survey 2019 LIVE: 7% GDP growth predicted in FY20
https://www.moneycontrol.com/news/b...nomic-adviser-nirmala-sitharaman-4167911.html

 

[timepass]

Idea was a "Sell" recommendation on all the channels this morning, but now it is at upper circuit !!!

Any news ?? Is Mallaya buying it out