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Old 16th January 2006, 00:05   #1
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Default Communists like western money

Interesting story. On the one hand they are against foreign direct investment and the sale of PSU on the other they are happy receiving money from the UK so they can undertake their own sale of PSU.

I guess Brinda Karat will have to look at this isuue.

http://www.timesonline.co.uk/article...985956,00.html

The Sunday Times - Britain

The Sunday TimesJanuary 15, 2006
British taxpayer pays £27m to fund redundancy in India
Dean Nelson, Calcutta and Dipesh Gadher
MILLIONS of pounds of British taxpayers’ money is being used to finance early retirement and redundancy packages for public sector workers in India.
More than 3,000 employees facing dismissal from loss-making state-owned companies in West Bengal will benefit from a £27m severance fund set up by the Department for International Development (DfID).
NI_MPU('middle');Hundreds of workers have already received up to £6,000 — 20 times the average Indian salary — as well as medical and accident insurance.
Although money for retraining is being made available through British aid, critics claim the immediate effect of the scheme is to increase unemployment in one of Asia’s poorest regions.
“People on the street in England will wonder what on earth DfID is doing funding redundancy packages in a country many thousands of miles away,” said John McGhie of Christian Aid. “The link between laying off workers and poverty alleviation is not immediately apparent.”
The controversial scheme has been negotiated with DfID by the communist-led state government of West Bengal.
The nationalisation in the 1970s and 1980s of scores of loss-making companies — ranging from handloom factories to hotels — has landed the authorities in Calcutta, the state capital, with crippling debts that are diverting resources away from education and welfare projects.
The authorities have now decided to close down or restructure and privatise up to 28 of these enterprises, which ran up losses of £23m in 2001, the latest year for which figures are available. The moves will affect up to 10,000 workers in West Bengal.
“The burden (these companies) have placed on the state is huge, and as a result we have had to reduce our (welfare) spending,” said Nirupam Sen, the state’s industry minister.
“We decided to restructure our loss-making enterprises. If they’re not viable, we’ll close them. Those that can be made viable with extra funds will be offered as joint ventures.
“One of the major issues was how to compensate the workers who will lose their jobs. The compensation is being provided by DfID.”
DfID has agreed to pay £26.7m over three years towards the programme. The West Bengal government will contribute about £3m to the redundancy scheme.
A similar initiative is thought to be operating in two other Indian states: Orissa and Andhra Pradesh. One of Calcutta’s state-owned companies that has already been taken into private hands is the Great Eastern hotel. Opened in 1840, it was known under the British Raj as the Jewel of the East. It was sold last November to an Indian hotel chain for £6.5m. After the West Bengal government had cleared debts of £2.5m, it made a net profit of £4m on the sale.
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Old 16th January 2006, 00:35   #2
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Quote:
Originally Posted by bigman

“The burden (these companies) have placed on the state is huge, and as a result we have had to reduce our (welfare) spending,” said Nirupam Sen, the state’s industry minister.
.
What about the burden placed by politicians?


Quote:
Originally Posted by bigman
“We decided to restructure our loss-making enterprises. If they’re not viable, we’ll close them. Those that can be made viable with extra funds will be offered as joint ventures.
.
I thought, there were no industry left to close down.


Brinda Karat takes cases which affect the people's welfare not politician's welfare.
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Old 16th January 2006, 10:17   #3
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Every child of this country knows that Communists are the most hypocrites. Recently, there was a marriage Party of a Communist's son in Delhi. You know what they did, they covered each and every Neighbour's home that came in the way of the Marriage Hall with Cloths, so that the Guests are not able to see people's homes in the way.. stupid isnt it?.
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