Finance ministry may drop proposal to dissolve SUUTI

The finance ministry had earlier proposed to dissolve the SUUTI and set up a new entity to buy government equity in PSUs from funds raised by pledging the existing assets of the SUUTI. The proposal, however, may be shelved in view of the SEBI guidelines for dilution of promoter stake by way of auction and private placement

New Delhi: The finance ministry is planning to drop the proposal to dissolve the Specified Undertaking of UTI (SUUTI), in view of the recent Securities and Exchange Board of India (SEBI) guidelines opening other windows for selling government equity in PSUs to meet the disinvestment target of Rs40,000 crore this fiscal, reports PTI.

“We will take final decision (whether to dissolve SUUTI or not) within a week,” a top finance ministry official told PTI.

The ministry had earlier proposed to dissolve the SUUTI and set up a new entity to buy government equity in public sector undertakings from funds raised by pledging the existing assets of the SUUTI.

The new entity, it was estimated, could have raised at around Rs50,000 crore by pledging the assets of SUUTI.

The proposal, however, may be shelved in view of the SEBI guidelines for dilution of promoter stake by way of auction and private placement. These norms will help the government to offload its equity in the PSUs.

“Now the government also has option to raise money by selling shares in state-run firms through a new auction method approved recently by the SEBI,” the official said, adding that this has necessitated a rethink.

Although the government has a target of rising Rs40,000 crore during 2011-12 through disinvestment, it had so far mopped up only Rs1,145 crore through sale of its equity in Power Finance Corporation (PFC).

Hard pressed for funds, the government has been looking for alternate ways to raise resources to bridge the fiscal deficit which is expected to exceed the budget estimate of 4.6% of the gross domestic product (GDP).

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Will the market rally for a sixth week in a row?

Can the current market momentum sustain and end positively this week. History says its highly probable

Sometimes it is hard to predict whether the current momentum will continue or not. Markets are prone to random movements. However, historical patterns offers us interesting odds at times.

We extracted and studied the Sensex weekly data over the past 22 years, from 1990 till 2012, and mapped key momentum periods, where Sensex rallied for five weeks continuously, without a correction. We wanted to know if the momentum would carry over to the sixth week as well. Over the past 22 years, we had noticed that Sensex had continuous rallies lasting five weeks 31 times (over non-overlapping periods). What has been the outcome on the sixth week? We find out that 21 times out of the 31 time, the sixth week was positive as well.

We’re currently in the midst of a fairly big momentum rally, having seen Sensex rise 11.08% over the last five weeks, from 15848 on 7 January 2012. As we are in the middle of the sixth week, we see that the current level of Sensex is 17707 as of 8 February 2012, which is 0.59% higher than last week’s close. The average returns of all the positive sixth week occurrences has been 2.31%, with minimum being 0.21% and maximum being 9.78%.

With two more days to go, what are the odds that the current momentum will sustain? We noticed that 16 times of the last 20 such occurrences did we witness the sixth week being positive.

Despite global turmoil and uncertainty in Europe, the markets have rallied. Will this week defy negative sentiment and close positively? If the current study is anything to go by, perhaps there is a chance that it could happen. Keep your fingers crossed.

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COMMENTS

PCChacko

5 years ago

Since 2007 the share market is highly volatiles and many have lost lot of money .They have limited exit options.One reson for this volatility is the crel pricing of IPOs and FPOs which has given bvery negative return 0ut of 120 issues 98 issues have given negatie return ranging from 5 to 95% Middle class and small investors lost intrest in stock market. If they want to return there must be stable market with proper control of SEBI Fin.Min and stock exchages and disciplined Merchant Bankers and Brokers Now it appearsthat the market will cross 20000 sensex weithin three months.

pravsemilo

5 years ago

Have some of the comments been deleted / edited here?

I saw Vivek posting a URL in his comment which is not longer there!

Also there was a comment having some tradingpsot.com URL (can't remember the domain name exactly)??

Kranthi

5 years ago

Let me know, when the markets correct. I like to invest in the mutual funds.

Doctors are a step ahead of Yama says Prof Dr BM Hegde

While criticising the money minded healthcare and pharma industry, Dr Hegde elaborated the importance of alternative medicines and therapies. He said the key to wellness lies in becoming free from negative thoughts, eating natural food in moderation and having adequate sleep

“These days we don’t have doctors. We have specialists who know more and more about nothing,” says Professor Dr BM Hegde, while speaking at a seminar on holistic approach to healthcare and wellness, organised by Moneylife Foundation.
 
Prof Dr Hegde, a Padma Bhusan awardee and prolific writer, spoke in detail about various aspects of wellness and the crises in modern medicine. He emphasised that wellness simply is happiness within the human system and health is enthusiasm.

While criticising the money minded healthcare and pharma industry, Dr Hegde elaborated the importance of alternative medicines and therapies like Pranic healing and Reiki. According to him the key to wellness is by being free from negative thoughts, eating natural food in moderation and having adequate sleep.
 
Disease Mongering
Prof Dr Hegde, explaining how billions of dollars are spent on AIDS and cancer research across the globe, said that we are living in the era where diseases are sold. “All the crises modern medicine is facing is due to money. The lure for money has resulted in diseases mongering. They are sold.”
 
He said doctors today are indulging in disease screaming. “If one goes to a high school and screen all the students with an angiogram, it will be found that 76% of them will have pre-vessel block. If you don’t have a block, you will die before the age of 30. When you have a block, it means protection. This is called pre condition. But doctors, after seeing that you have money to spend and a medical insurance, will suggest all kinds of tests and surgeries for the same blockages.”
 
According to the eminent Professor medical insurance is the biggest curse. Instead people should ensure their health, he said.

Minimum use of medicine and unnecessary treatment
Prof Dr Hegde, often calles as “people’s doctor” believes that way to wellness and healthcare is usage of minimum medicine and avoiding unnecessary treatments or surgeries. He said surgeries should be confined for corrective purposes. “If a child is born is with hole (in heart), then that need to be corrected through surgery,” he said.

He says that people are ensnared to believe that popping a pill gives instant relief. “But one has to remember that behind every ill there is a pill.” He adds, “You have a headache; your blood pressure goes up. Then you go to a doctor for check up, which means you are a patient and you don’t come back. Instead a simple pranayam with five breathing technique can give you faster relief from the headache.”
 
Prof Dr Hegde also spoke on the tactics used by the doctors and medical institutions in making profits. “Audit in few American hospitals showed that majority of their profits comes from deaths that take place in the Intensive Care Units (ICU).

He raised concern over increasing cases of caesarean births. “Natural tear (caused in normal birth) is quickly healed compared to cuts (due to C-sec births). It is also much safer and helps in the development of mind, which is known as perinatal consciousness. But the doctor and hospital will not earn money through normal delivery, and therefore everyone, especially from metros like Mumbai, opts for the C-Section cut,” he said.
 
Alternative medicine
Prof Dr Hegde spoke about the importance of alternative medicines like Ayurveda and Homeopathy. He said, “There are all kinds of tactics are used to suppress Homeopathy as a form of treatment. But it is one of the best medicines. It is much more scientific than modern medicine. Just because one cannot detect the chemical present in the nano particle of the pills, you call it unscientific? This is not fair.”

According to him, modern medicine claims to be based on science but research has found that majority of health problems stem from the mind while modern medicines can offer only a temporary relief. “If one has a happy mind, his body is largely free from diseases.”

Speaking on Ayruveda, Prof Dr Hedge explained that how millions of dollars and many years were spent to find the cause of common cold but nothing was concluded. At the same time Ayurveda, for instance, lists food that has to be consumed during various seasons like eating more spices during winter. “In fact, Lancet (leading medical journal) advised people in Britain to eat to eat curry in Indian restaurants as a cure for common cold during winter.”

Prof Dr BM Hegde also explained the benefits of consuming ginger, garlic and pepper  as cure for many diseases and allergies.
 
Benefits of coconut oil
Prof Dr Hegde says that contrary to the popular believe that coconut oil is seen as poisonous; in reality it has many healthy advantages. “If a doctor says that coconut oil has cholesterol, it means he has not gone to medical schools. It is used for treatment on Alzheimer and severe problems of skin diseases. Even Americans after having done their propaganda against coconut oil has accepted its benefits. Now it forms the basis of their (the US) infant food.”
 
Delete negative thoughts
Prof Dr Hegde said that one who is free from negative thoughts and is compassionate, is bound to live healthy life. He says that, “It is not what you eat that kills you, it is what eats you, kills you.”
 
Concluding his talk, Prof Dr Hegde reminded audience the mentions doctors as brother of Yama’s (god of death according to Hindu mythology).
The text says-
Vaidyarajam namastubhyamm yamarajam sahodaram,
Yamastyu harati pranam vaidyam pranat dhananicha.

This means Vaidya, (doctor) and Yama are both brothers. Yama takes only life, but vaidya takes both, life and money.

Here is what Prof Dr BM Hegde prescribes for wellness and Happyness…
•    One should consume natural food in moderation
•    Sleep in pitch dark room
•    Electronic devices such as Television should be switched off and mobile phones shouldn’t be charged while sleeping. This is to avoid the presence of electromagnetic waves.
•    One should get up before sunrise
•    One should eat the last meal before 7pm

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COMMENTS

Remya Krishnan

2 months ago

It is true eyeopener . high time world rethinks about what is scientificity with respect to humanbody

Kesavan Sudheendran Sibi

3 months ago

Mind blowing...

Kesavan Sudheendran Sibi

3 months ago

Mind blowing...

Amar Chawla

4 months ago

How to find out good Ayurvedic dr whom one trust n go treatment?

REPLY

Remya Krishnan

In Reply to Amar Chawla 2 months ago

Visit Remya krishnan profile in fb

krishna kumar mn

1 year ago

excellent and realistic information given by eminent dr. bm hegde. I am reading his books and adopted in my life and enjoying the benefits. I also get people used to meditation along with health care by our food habits told and recorded in astanga hrudaya by Risihi Vagbhata. regards, krishna kumar mn. my ph.no. 9141791586.
regards, cordially yours.

P M Ravindran

2 years ago

Thanks for the post and thanks to Dr Hegde for in human beings like him rest the future of humanity itself.

Navaneetham

4 years ago

This article should be pasted on all doctors forehead and in front of their clinic and entrance of the Hospitals. They laugh at most of the Indian traditional system to good health. A simple example is that one doctor laughed at our oil bathing routine, whereas he goes to Kerala to take body massaging with oil for pleasure.

nagesh kini

4 years ago

My writeup published by MoneyLife last weekend, entitled Disease Care in India: A massive rip off was largely based on all that respected Dr. Hegde has had to say. It was blessed by him too.

Bhagavan ps

4 years ago

Murder convicts with death sentence have the right to live in this world as Government guests where as a 5 day old baby had to vacate this world the moment her parents pleaded inability to pay Rs 200/- to the hospital. Where is the medical ethics, apthecary oaths,.... . Vaidhyonarayano harihi or vaidhyo yamadharmaha? Shame, shame, shame to the qualified professional quacks. Here a quack, there a quack everywhere a quack quack!!!

Shiju

5 years ago

Doctors are becoming too money minded and many times their diagnosis are becoming big blunders as they are not ready to take the human body as a single system which contains mind, body and spirit.

Nagesh Kini FCA

5 years ago

Great Dr. Hegde,
Having been the auditor of some of the MNC pharma majors and then 4 General Insurance companies as well their holding company the GIC and now as an activist I confirm with confidence that there is absolute truth in whatever this plain speaking Doctor has said on drug companies and medical insurance.
The Pharma cartels are bleeding the world red.Nobody puts it across as plainly as Dr. Hegde.
The medical insurance premia are shooting through the roof only because of blatant malpractices indulged into by the medical fraternity, both doctors and hospitals. They have a larger scale of fees for insured patients which they believe doesn't come from the pockets of the insured but paid by the insurers. This ultimately results in higher payouts that the companies recover by hiking premia.
The Third Party Administrators that replaced the old Claims Departments are a bane to both the patients and service providers. The sooner they are dispensed with the better. Quite a few private operators do not have them. The proposal by the 4 PSU insurers to put in place an in-house TPA was shot down by their lobby.Ultimately everybody ends up in coughing up higher premia.

REPLY

P M Ravindran

In Reply to Nagesh Kini FCA 5 years ago

Good that CAs are joining the fray for justice, in this case in the health sector. The insured are not just losing on higher premium but on actual costs too. For example if an insured has a policy for Rs one lakh and the hospital bills total Rs 1 lakh, while he would have got only Rs 60,000 worth services if he had gone for cashless service, he would have got about 80,000 worth service if he had gone for reimbursement and full 1 lakh worth service only if he had been uninsured!

Nagesh Kini

In Reply to P M Ravindran 5 years ago

CAs as a profession have always been in all battles for causes besides being in the media - Dr. Pranoy Roy and Debashis Basu in Money Life or films - Shekar Kapoor and Kumarmangalam Birla in industry. Our profession gives us a wider perspective.

I was one of the first to object to the unilateral abrogation of the Cash Less.And to support the Delhi and Bombay High Court PILs.

By submitting a written request I have chosen not to avail cashless. I had to demand a specific endorsement which the insurer was reluctant. They gave in to my persistence. I advise others to follow suit.
For the information of all Mediclaim does not cover accidents even at home. This is not conveyed. Another PA (Personal Accident) policy covers this. Take this, it doesn't cost much. One hitch NO cover for 70+ when the chances of accidents are high!

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