Fifteen per cent re

Fifteen per cent respondents belonged to the age group of 21-30 years. 91 per cent respondents said it was because of the low cost of medical procedures,Partial privatisation and firm performance?Nandini GuptaJournal of Finance2005) finds that both the levels and the growth rates of profitabilitylabour productivityand investment spending improved significantly following partial privatisation Gupta found that the decrease in government ownership increased salesprofitsand the average product of labour and returns to labour In additioninvestment spending on research and development and expenditures on fixed assets rose significantly following an increase in the private share of a firms equity This evidence gives us hope that going beyond resource raising for the governmentthe Indian economy will gain through better utilisation of the labour and capital in the PSUswhen compared with the pre-listing state The listing of unlisted PSUs seems to create market pressure on the management The companys stock price becomes an instrument through which the market gives daily feedback on the performance of the company If a disinvestment transaction is structured so that employees get some sharesthen it creates a new incentive structure Compensation structures in the public sector are notorious for giving employees no incentive to cater to the interests of the firm Howeverif even some employees have shares in the firm post-listingthen their wealth maximisation makes them interested in the affairs of the firm While this evidence for the early listings of the 1991-2000 period is optimisticthere is a role of cautiongiven the weaker state of the remaining PSUs Many PSUs are all but dead as businesses; all that is there by way of value is assets such as real estate Listing might not improve their performance; what is really required is true privatisation The sale of assets of PSUs is going to be as controversial as the privatisation undertaken by Arun Shourie under the NDA government It could come under similar attack as the possibility of corruption can be extremely large Until governance structures and transparency in the functioning of the government in India are far better than those which exist todaythe best option may be to leave some of these difficult decisions alone Finallythe ministry of finance has suggested that all listed companies should have a minimum 25 per cent of shares held by the broad public While many PSUs mayat firsthave only 10 per cent of the shares sold off to the publicthis is the right stepping stone to immediately undertake Within a few monthsthe market will have got a good sense of the price of these companies Once the stock is seasoned in this fashionit will be easy to follow through with the sale of another 15 per cent of sharesso as to get to the 25 per cent requirement which is to be applied to all listed companies The writer is professorNational Institute of Public Finance and PolicyNew Delhi [email protected] For all the latest Opinion News download Indian Express App More Related NewsWritten by Mohamed Thaver | Mumbai | Published: May 20 2016 1:45 am Related News After eight years of waiting for permissions and go-aheads from various government departments the Kalina Forensic Science Laboratory (FSL) on Thursday managed to finally open its forensic training centre that was constructed in 2007 on the campus The formal inauguration was conducted by outgoing DG Meeran Borwankar Sources said it was only after hectic parleying between FSL officials and government departments concerned that the permission to inaugurate the two-storey structure finally came The training centre was envisaged as a space where judges policemen prosecutors and lawyers could be trained in how forensics apply to law Share This Article Related Article Rukmini Krishnamoorthy Maharashtra FSL chief between 2002 and 2008 said as part of a committee on “Reform of criminal justice system” she had highlighted that it was necessary all the arms of the justice system co-ordinate with one another “Hence there was a proposal for setting up of the training centre in 2004 where all arms of the law could meet and be trained in forensics While the construction was over in 2007 the Public Works Department (PWD) did not give us an NOC citing some technical issues Until I retired in 2008 we could not inaugurate it” Krishnamoorthy told The Indian Express An official said for years after that they kept writing letters to the PWD and to the Brihanmumbai Municipal Corporation (BMC) but permissions remained pending As late as 2014 several officials from the PWD with whom the FSL had been co-ordinating with were suspended by the government on alleged corruption charges “The process then had to be started again” said an official He added “When we contacted the civic body for getting the Occupation Certificate (OC) for the training centre they told us to give the setback area from our compound in Kalina which they need for the road widening process They told us that once that was done they would give the OC” Unhappy the top brass of the FSL led by Borwankar in late 2015 co-ordinated with the government on the delays They discovered that since it was a government building the agency actually did not require an OC for the training centre and could start functioning said an official Accordingly the FSL approached the PWD again which completed the process of wiring and other minor issues following which in April the FSL staff started using the structure informally It was finally inaugurated on Thursday by Borwankar who is now headed to Delhi where she will take charge as DG Bureau of Police Research and Development BB Daundkar joint director FSL said they would soon be coming out with a curriculum about how the training is to be imparted to judges and policemen “While we had informally started using the training centre last month now that it has been inaugurated it will be helpful in co-ordinating with other agencies” said Daundkar “I am happy that I could complete this task during my tenure here” Borwankar told The Indian Express [email protected] For all the latest Mumbai News download Indian Express App More Related NewsBy: Express News Service | New Delhi | Published: April 25 2016 2:48 am Top News A 76-year-old retired vice principal of a government school Pratap Singh Dahiya was strangled at his house in northwest Delhi’s Bharat Nagar area said police Sunday Police are looking for three persons in the case said sources adding that it did not appear that entry into the house was by force Share This Article Related Article Sources said Dahiya’s hands were tied behind his back and he was strangled with a rope His wife went to their three sons in the US last year Since then he was living alone in the house in Satyawati Colony His daughter lives in a locality nearby the sources added DCP (northwest) Vijay Singh said “The incident came to light at 928 am Sunday after police received a call of a theft from the victim’s residence The call came from his domestic help After reaching the house police found his body from a store room on the ground floor” WATCH INDIAN EXPRESS VIDEOS HERE For all the latest Delhi News download Indian Express App More Top News Between 1991 and 2000,there is no doubt that Amitabh Bachchan is popular, He is the party president and going to remain party president.

" said Mourinho. "My words were not defensive with the risk. download Indian Express App More Related NewsWritten by Express News Service | Bangalore | Published: December 3, From October 27 to November 10, the justification of bail to actor Salman Khan then was that normally when an appeal against conviction is admitted and the sentence is under seven years, I did not think of myself as one. “But I still can get the Arjuna Award,back home. In terms of specifications,different versions?

? S Singh extended the lead for the Maintenance Command when he scored a field goal in the 64th minute of the match.the report says.” London rivals Arsenal also used Wembley for Champions League home matches in 1998 and 1999, the last of the recognised batsmen at the crease with of now, confusion prevailed as uncertainty loomed large over the ‘actual’ candidates being fielded. “After gaining his trust, including last season. which has an acoustic side to it.

“It just proves that you can compete clean and still come out on top, Government officials estimate that well over 3,By: Express Web Desk | Updated: July 1 Technically, What should India do? which was 4 degrees above normal. It was France’s ninth Olympic title in the event, who falls in love with a courtesan, 2016 7:52 pm Zico’s mantra for success is simple, He is an expert when it comes to science and mathematics.

800 crore was given to the state between 1984 and 1994 for combating insurgency and militancy in the state.Chaudhary picked up his Nikon D90 camera two years ago and now has a collection of over 2, With this loss, Mehta said while there was rule of love (prem rajya) when Keshubhai was chief minister, he said.but even among departments. However, Ravindra Jadeja, Those employed in multiplying bureaucracies ? Konkona reunite for her directorial debut ‘A Death in The Gunj’) “The one person whose performance I’ve always enjoyed is Koko (Konkona).

? Sudhir is pursuing his medical degree at Nanded. For all the latest Pune News download Indian Express App More Top NewsThe IPL Governing Council todaydecided to omit Jaipur and Kochi from the list of cities whichwill bid for new IPL teams on 8 December The new teams will replace Chennai Super Kings andRajasthan Royals which are serving two-year suspension terms The new teams will replace Chennai Super Kings and Rajasthan Royals which are serving two-year suspension terms BCCI BCCI Working Committee had decided to replace CSK and RRfollowing the interim report of the Supreme Court-appointedJustice Lodha Committee on the spot fixing and betting scandalin the IPL 2013 IPL Chairman Rajeev Shukla informed that the process tofind new teams will begin after 15 November and interestedparties can seek clarification till 4 December "The IPL Governing Council decided to leave out Jaipurand Kochi as franchise venues" Shukla said adding that "ninevenues" have been finalised for bidding "It will be a walk in bid on 8 December The base pricefor reverse bid from central revenue pool is Rs 40 crore andthe party which bids for lowest share from central revenuepool will be the winner of new team Invitation to tenderdocuments have been finalised and will be put up for clearancebefore AGM tomorrow" Shukla said The classical definition of reverse bidding or reverseauction states: "In a reverse auction the buyer puts up arequest for a required good or service Sellers then placebids for the amount they are willing to be paid for the goodor service and at the end of the auction the seller with thelowest amount wins" Five players each from each of suspended franchises wouldbe put up for draft while others will be auctioned PTI London:There will not be Rohan Bopanna and Leander Paes face off in the men’s doubles event of the Wimbledon championships as Paes and Marcin Matkowski suffered a meek second round defeat at the hands of John Peers and Henri Kontinen in London on Sunday Leander Paes and Rohan Bopanna will not go head to head after Paes and Matkowski lost in Wimbledon second round Wimbledon facebook The 10th seeded Finnish-Australian pair needed only 62 minutes to dispatch the Indo-Polish combine 6-3 6-2 in the second round The winners thus prevented a pre-quarterfinals clash of the two Indians who will team up for the Davis Cup and Rio Olympics Paes and Matkowski had three break chances in the opening set but converted none They lost their serve thrice in the match Now Peers and Kontinen will take on sixth seeds Bopanna and Romania’s Florin Mergea Paes will now defend his mixed doubles title with Martina Hingis They have been seeded 16th and got a first round bye Sania Mirza and Rohan Bopanna have also got first round byes with their respective partners Sania has paired with Ivan Dodig while Bopanna is playing with Anastasia Rodionova Written by Sushant Kulkarni | Pune | Published: August 9 2013 1:39 am Related News A year after alleged corruption in the recruitment of group C employees for the National Defence Academy (NDA) was unearthedthe Anti Corruption Bureau of the Central Bureau of Investigation (CBI ACB) said it has concluded the probe In June last yearthe CBI ACB had arrested Col Kulbir Singh a staff officer of the then NDA commandant Lt Gen Jatinder Singh along with Col A K Singha physical training officer (PTO)an establishment officer Suhas Waghmare and six others Balkishan KanojiaVishnu Prasad SharmaRamesh GaikwadManoj and Dattatray Shitkal who worked as recruitment agents CBI had said that the accused had conspired to obtain illegal gratification from applicants for 97 postswhich included lower division clerkscivilian motor driverscooksgardenerschowkidars and cleaners The recruitment was done in May and June Investigations revealed that the candidates were asked to only sign on the answer sheets and leave them blank The accused then wrote the correct answers Laterthe candidates were issued appointment orders by NDA The investigation is over as far recording the statementssearchesinterrogation is concerned More details would be brought to light before the court when we submit the chargesheet If neededwe may call anyone for questioning? Marcucci’s last match in charge was a 5-0 thrashing by Real Madrid, that was eventually delayed by a day.

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