27 December 2011

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Rs.500 Crore bailout Package to Private Companies BSES Rajdhani and BSES Yamuna Don’t pay dues to government we will pay you to pay your debt

Rs.500 Crore bailout Package to Private Companies BSES Rajdhani and BSES Yamuna
Don’t pay dues to government we will pay you to pay your debt

Monday –
Government agreed to infuse equity worth Rs 500 crore in the two companies
That is private distribution companies BSES Rajdhani and BSES Yamuna.

Private distribution companies BSES Rajdhani and BSES Yamuna
Together, the two BSES companies have defaulted on payments of over Rs 3,000 Crore.
Both companies received a number of warnings from generation and transmission companies.

On December 4, state-run NTPC had threatened to stop supply to Delhi over outstanding dues of Rs 194 crore.

After this Delhi Government intervene and NTPC gave the BSES discoms time till January 7 to clear payments.

CM Sheila Dikshit's said that "We have taken a decision (to help the discoms) to ensure that power cut place in the city. We discussed the issue with the Centre before taking the decision,"

2 companies are suffering losses?
First government should take full control of such companies and should appoint efficient IAS officers as the Chairman and director of such companies who fail to pay the dues.

Not doing this government has decided to pay them money and guarantee so they can continue doing their style of business.

Whose money Government will pay to these companies?
It is your money and it the money of every Indian citizen.

Ever heard a farmer do not have money and he got paid by government.

Ever heard a in a cold citizens are dying and Government provided them good shelter.

If we Indian citizens do not pay the electricity bill of Rs. 100 they come immediately and cut the electricity of our home.

But when same thing happens with the rich, they do nothing just keep sending reminders.

When companies default do you think the FIR should be lodged against them and those companies be declared government companies for not paying dues and they should be auctioned of to other companies who are running in profits who will pay the dues and run those companies?

Do you think the action of government to pay Rs.500 Crore to companies who do not pay dues so they can pay due is right action?

Reality views by sm –
Tuesday, December 27, 2011

Tags – Delhi, Rs.500 Crore BSES Rajdhani and BSES Yamuna


Urmi December 27, 2011  

I always gain knowledge visiting your posts.

Teamgsquare December 30, 2011  

With whom is this company associated . Any political background of the company .

SM January 07, 2012  

@Team G Square

thanks.i have to found the correct information.but i think its related with big business houses of India not sure.

manish August 24, 2012  

Thanks for sharing...

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