January 16, 2014

Investors Oppose Political Interference in PSU s ( Coal India Dividend )

Coal India - Forced Hefty Interim Dividend of Rs. 29 Per Share ( Rs.10 Paid )

This is a Political decision and amounts to Asset Stripping.

Such policies will put these Nav Ratnas on financial Wheel Chairs ( a la State Electricity Boards )

Govt. should have , instead, reduced its Vote Bank driven subsidies, especially on Diesel / Fertlisers



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1 comment:

Ashwani Kumar Aggarwal said...

Govt. should have used this Cash with Coal India to allow it to buy Coal / Oil assets abroad. This is what China is doing. And we are diverting our money towards financing Vote Bank subsidies.

No wonder , China is ahead of us.