Manufacturing

Strategic disinvestment of SAIL is attractive for private entities

Steel authority of india has released tender for disinvestment of its three major steel plant namely Alloy steel plant (ASP) at Durgapur, Visveswaraya steel plant (VSP) at Bhadravati Karnataka and Salem steel plant (SSP) at Salem Tamilnadu. Proposed disinvestment of 3 major entities will be finalised soon after 8 august 2019. Currently queries regarding disinvestment are invited by SAIL.

Strategic disinvestment – Share of public enterprises units are disinvested up to 50% and control of management is transferred to that private entity.

Modi govt is focusssing on privatasation to improve conditions of PSUs that are in loss through disinvestment. Workers are blaming management for such loss of profit. disinvestment will lead change of management that takes many structural changes inside the plant.
These decisions of disinvestments are how much beneficial is interesting to see in upcoming days.

In Hindi

निजी संस्थाओं के लिए आकर्षक है, सेल (SAIL) का रणनीतिक विनिवेश

भारतीय इस्पात प्राधिकरण ने अपने तीन प्रमुख इस्पात संयंत्र अर्थात् दुर्गापुर में मिश्र धातु इस्पात संयंत्र (एएसपी), भद्रावती कर्नाटक में विश्वेश्वरैया इस्पात संयंत्र (वीएसपी) और सेलम तमिलनाडु में सेलम इस्पात संयंत्र (एसएसपी) के विनिवेश के लिए निविदा जारी की है। 8 अगस्त 2019 के बाद 3 प्रमुख संस्थाओं के प्रस्तावित विनिवेश को जल्द ही अंतिम रूप दे दिया जाएगा। वर्तमान में SAIL द्वारा विनिवेश से संबंधित प्रश्न आमंत्रित किए जा रहे हैं।
रणनीतिक विनिवेश – सार्वजनिक उद्यम इकाइयों के शेयर का 50% तक विनिवेश किया जाता है और प्रबंधन का नियंत्रण उस निजी संस्था को हस्तांतरित कर दिया जाता है।
विनिवेश के माध्यम से नुकसान वाले सार्वजनिक उपक्रमों की स्थितियों में सुधार के लिए मोदी सरकार निजीकरण पर ध्यान केंद्रित कर रही है। लाभ के ऐसे नुकसान के लिए श्रमिक, प्रबंधन को जिम्मेदार ठहरा रहे हैं। विनिवेश से प्रबंधन में बदलाव आएगा जिससे संयंत्र के अंदर कई संरचनात्मक परिवर्तन निश्चित हैं । विनिवेश के ये निर्णय कितने फायदेमंद हैं, आने वाले दिनों में देखना दिलचस्प होगा।

Published

2 years ago

August 5, 2019

Republished by Plato

Strategic disinvestment – Share of public enterprises units are disinvested up to 50% and control of management is transferred to that private entity.

In Hindi

निजी संस्थाओं के लिए आकर्षक है, सेल (SAIL) का रणनीतिक विनिवेश

Source: https://steelgyan.blogspot.com/2019/08/strategic-disinvestment-of-sail-is.html

Manufacturing

The Biden Administration Releases its Trade Policy Agenda

Meanwhile, another cabinet secretary with a big role to play in economic policy is confirmed.

Published

14 hours ago

March 3, 2021

Republished by Plato

The office of the United States Trade Representative in Washington, DC. | Getty Images

Meanwhile, another cabinet secretary with a big role to play in economic policy is confirmed.

On Monday the Biden administration’s Office of the United States Trade Representative (USTR) released the 2021 Trade Policy Agenda and 2020 Annual Report, a product mandated by the Trade Act of 1974. In it, USTR lays out the current standing of trade agreements with dozens of countries; reviews recent trade enforcement activities, and lists its priorities on topics like labor rights, intellectual property protection, digital trade, trade of manufactured goods, and agricultural trade. There’s also a chapter that reviews U.S. participant activity at the World Trade Organization.

The whole thing is like 300 pages long, with no action scenes, like the big truck chase from 1980’s The Road Warrior, which is a great movie, possibly the greatest, full stop. Anyway, the accompanying fact sheet – which is basically a rewording of the report’s introduction – is a little more digestible.

Madmax GIF by Joanie Lemercier - Find & Share on GIPHY

This is an important document because, boiled down, it’s a big values statement. What’s included in it reflects political priorities, and the way that arguments are made in it reflect corresponding policy positions. For example, Todd Tucker of the Roosevelt Institute noted this on Twitter:

A marked shift in the way labor issues are discussed, from a rights and process framework (i.e. workers can maybe complain after certain types of maltreatment if connected to trade, and may get recognition of claims years later) to an outcomes framework (is unionization up?). pic.twitter.com/8goNWwIfYG

— Todd N. Tucker (@toddntucker) March 1, 2021

the whole thread is worth a read

President Biden has vowed to be a pro-worker president, and the rhetoric is showing up in his administration’s trade policy papers.

Putting all of this rhetoric into action will depend on the people he puts in charge to do it. That includes Gina Raimondo, the governor of Rhode Island who today was confirmed as the U.S. Secretary of Commerce in a 84-15 Senate vote. Raimondo worked in venture capital before getting elected to public office in 2010, and has earned support from manufacturers in her state for her work on stuff like small-business R&D grants and apprenticeship programs.

As the new Commerce secretary, Raimondo will inherit issues like the maintenance of a technology export ban list on which Trump’s Commerce Department placed Chinese companies like Huawei and Hikvision. And the Washington Post notes she also “must resolve questions about the future of Trump administration regulations restricting U.S. companies’ reliance on Chinese suppliers of telecommunications hardware and software.” This will tie in directly with the Biden administration’s stated goals of building domestic manufacturing supply chains for industries it’s deemed critical, like semiconductor chip fabrication.

She’s also going to be responsible for the maintenance of the broad steel import tariffs that were raised in 2018. The Biden administration has said it’s reviewing them. The Alliance for American Manufacturing thinks they should not be lowered unilaterally, damaging an industry on shaky footing in a pandemic economy.

Secretary Raimondo at the Commerce Department will have a large role to play in the economic recovery the administration hopes to accomplish with its Build Back Better plan. Another important figure is Katherine Tai, who’s expected to be confirmed as the USTR in a vote on Wednesday. Read more about her here.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.americanmanufacturing.org/blog/the-biden-administration-releases-its-trade-policy-agenda/

Manufacturing

Dodge Production #MegaFactories

Published

21 hours ago

March 2, 2021

Republished by Plato

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