Environmentalism is a broad hypothesis ideology and social moment regarding concerns for environmental conservation and ..
CAG report on Modi - what the media didn't tell you, Kanchan Gupta decoded

Kanchan Gupta, a senior journalist and also a columnist with
The Daily Pioneer has written an
excellent piece which highlights how the main-stream media
which takes its notoriety to a higher notch each time, played with
the facts to selectively report the CAG findings and created an
impression as if there was massive corruption going on in
Gujarat.
In that piece, Kanchan writes that the Gujarat government did not
try to fudge facts that certain PSUs did incur losses but the
reasons that the government has given must also be taken in to
consideration. For example, the Gujarat State Road Transport
Corporation has been incurring losses, but the reasons are that it
is serving the remotest village and many routes are not financially
viable. The frequent increases in the price of diesel have
increased the losses since the corporation has not correspondingly
increased the fares looking to the larger public interest. This
certainly appears to be a genuine reason. Had the State bus fare
been increased because the Diesel Prices increased, the same people
who're now cursing Modi government for this loss, would have been
cursing him for burdening the poor.
Gujarat government has already pointed out the following points
from the same CAG report but the biased media, hell-bent on
painting Narendra Modi as an eternal villain, has not reported
them. Below are the points as mentioned by Kanchan Gupta.
# The CAG has noted the quantum increase in the investments made by
public sector undertakings as well as the overall profits earned by
them in Gujarat.
# The investment in Gujarat State PSUs has gone up from Rs 48,137
crore in 2008-09 to Rs 67,352 crore in 2010-11, reflecting the
increased investments in power and irrigation sectors which
contribute significantly to crucial infrastructure.
# Overall profits earned by PSUs have increased from Rs 1,371 crore
in 2005-06 to Rs 2,663 crore in 2010-11.
Of the 60 working PSUs, 41 have earned profits in 2010-11. In other
words, two-thirds of the State’s PSUs are profit-making and
financially viable. Significant profits have been earned by GSPC,
GSPC and GSPL.
# The turnover of the PSUs has gone up from Rs 8,557 crore in
2005-06 to Rs 63,008 crore in 2010-11, which means it has increased
from 3.89 per cent of GSDP to 12.24 per cent of GSDP. This
underscores the contribution of these PSUs to the State’s robust
economy.
# The CAG’s reports record the improving financial parameters of
the State PSUs. What is impressive is that the return on capital
has gone up from 4.4 per cent to 5.24 per cent in the last five
years.
# The debt to turnover ratio has been substantially reduced from
2.72 to 0.43 in the same period.
# The CAG in its reports has noted that the overall accumulated
profit / loss figures of the functioning State PSUs have shown
steady improvement over the past six years and the accumulated
losses have been wiped out, indicating overall improvement in
performance of these PSUs.
# The guarantee commitment of the State Government to PSUs has
decreased from Rs 6,694 crore in 2008-09 to Rs 4,960 crore in
2010-11. This reflects the increasing emphasis on self-reliance and
credit worthiness of these PSUs.
# Narendra Modi inaugurates Asia s biggest solar power
plant
# This 'mass-murderer' saves a thousand lives every
month
# Modi rocked, Gehlot shocked: NRI Conference
Share Your View via Facebook
top trend
-
Impact of Amarnath Yatra on Environment, Ecology and Bio Diversity of the Area
-
RSS' Mission Kashmir to focus on Jammu, Laddakh
The grand family of Indian nationalism, the Rashtriya Swayamsewak Sangh has for long been associated with Kashmir. It wa..
-
Shiela Dixit said people of Delhi are sensitive to the problems
New Delhi, (ANI) : Ahead of the MCD elections on Sunday, Delhi Chief Minister Shiela Dixit today said that the people in..
-
Sanjeev Bhatt denied bail by Supreme Court
Sanjeev Bhatt, whom a section of media hailed as 'whistle-blower' has been denied bail by the honourable Supreme Court of ..
-
Why Sonia Gandhi chose Dr Manmohan Singh over Pranab Mukherjee?
When Team Anna released dockets for 14 Union Cabinet ministers against whom they have made serious corruption charges, t..
what next
-
-
"Coal allocations since 1993 are arbitrary and illegal", Says Supreme Court
-
Palestine, 6 billion people and second hand opinions
-
Malegaon 2006 vs. Malegaon 2008 - Blast Politics
-
Who will investigate Chidambaram & Co for the Dabhol Loot?
-
Narendra Modi prepares to climb the ramparts of the Red Fort
-
The Great Jindal Swindle
-
AAP's insidious anti-Hindu agenda
-
Nagma - Sonia Gandhi's Star Soldier
-
Aam Aadmi Party : Anti-Modi stalking horse
-
What in God's name is Teesta Setalvad's agenda?
-
-
-
Time to rethink : Saffron surge and the secular debacle - Sri Sri Ravi Shankar
-
India's Wishlist for Prime Minister Narendra Modi
-
My first meeting with Narendra Modi - Sri Sri Ravi Shankar
-
Telangana - Divide and Rule?
-
Myths vs Facts about RSS
-
The Two States: Telangana and Seemandhra
-
Answering Media on Questions to Narendra Modi, but will they venture into responding these queries?
-
#AAPCon : Dilli ke log ban gaye Mamu
-
Secularism is just synonymous with Sanatan Dharm
-
Beware of the Hoax called Aam Aadmi Party
-
Comments (Leave a Reply)