Companies & Sectors
Video-recording of Registration Process

The stamp duty and registration department (Mumbai) will introduce measures to curtail many complaints against sub-registrars by property-owners over recording of agreements of sale, gift, Will and mutations, at their residences. A sub-registrar can register agreements at the residence of buyers/sellers if they are on their deathbed or are physically unfit. The inspector-general of registration issued a circular that sub-registrars must audio/video record the registration process on house visits.

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Neyveli Lignite: With TN’s offer to buy stake, workers should end the strike

Tamil Nadu has offered to buy the entire 5% stake proposed for divestment in Neyveli Lignite Corporation. This and the positive response from SEBI must be appreciated. In addition, it is hoped that, as a sequel, the striking unions may resume production to feed the already power-starved state

In the last one week, many things have been happening at Neyveli Lignite Corp (NLC). The talk of divestment has been making rounds for quite some time and eventually when it happened, the trade unions, so many of them at that, having a total 30,000 members on their rolls, called for an indefinite strike from the midnight of 4th July.

 

The unions are up in arms against this proposal for divestment of Rs466 crore, to meet the Securities and Exchange Board of India’s (SEBI) mandate of minimum 10% public holding, in public sector enterprises by August this year.

 

Then, a sudden twist to this saga was done by the Tamil Nadu government, offering to buy the entire 5% stake proposed for divestment. And after due consideration, SEBI had made a ruling that this 5% stake should be sold to state public sector units through institutional placement programme.

 

Not a bad idea, but this has now set a precedent for such other similar proposals, which may be welcome. Such a move, in a way, is passing the baton from the left to the right hand, and yet it will enable a sense of participation and responsibility on the part of the states concerned, when such moves become universal in the country.

 

In any case, this lightning move by the Tamil Nadu government and SEBI’s positive response must be appreciated. And it is hoped that, as a sequel, the unions may call off the strike and recommence production, to feed the already power starved state, which has load shedding for several hours a day.

 

NLC has several projects on hand, making steady progress. These are Bithnok thermal power project (250 MW), Barasingsar (extn 250 MW), NLC-UPRVUNL Ghatmpur Power (1,980 MW), Sirkali Thermal Power (4,000 MW) and the Devangudi mine project.

 

In the meantime, the Union government has identified eight lignite blocks, which are likely to be offered under the competitive bidding process. In this case, there will be transparency. More details are expected as, at the moment. Even basic data on reserves, types of coal found, geological reports have not been made public.

 

Of these, three sites are in Rajasthan, viz, Nagurda-Joranda (Barmer), Bapaue and Bithnoke Extn (both in Bikaner).  Rest are in Gujarat, viz, Panandhro Extn, Bharkandam and Ghala (in Kutch), Vastan (Surat) and South of Rajpardi (Bharuch).  All these plants have been correlated to specific end-users.

 

NLC’s current capital base is Rs1677.71 crore and has disposable reserves and surplus of Rs20,362.18 crore, as at 2011-12.  Its book value is Rs71.46 in 2011-12 and had declared 28% dividend that year.

 

In view of the present commitments and expansion plans under progress, Neyveli Lignite will probably do well to invite a reputed foreign collaborator while making bids for the eight lignite blocks that the Union government proposes to offer in the next few months.

 

But, the immediate importance and urgency, is to persuade the striking workers to return back to commence production.

 

(AK Ramdas has worked with the Engineering Export Promotion Council of the ministry of commerce and was associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US.)

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COMMENTS

Dr Anantha K Ramdas

3 years ago

As of now, the Unions have still not called off the strike.

NLC management should strike back by giving the Union a deal that they cannot refuse - the 5% divestment be offered to the
workers themselves!

If they have faith in themselves and promise to perform and behave, let them buy the 5% worth of shares.

Government must put this ball in the Union's court!

Dr Anantha K Ramdas

3 years ago

As of now, the Unions have still not called off the strike.

NLC management should strike back by giving the Union a deal that they cannot refuse - the 5% divestment be offered to the
workers themselves!

If they have faith in themselves and promise to perform and behave, let them buy the 5% worth of shares.

Government must put this ball in the Union's court!

ritesh

3 years ago

NLC workers strike is logic defying. GOI or TN govt shud not put a single rupee new investment in the company.

US Supreme Court on Gene Patenting: A Boon to Mankind

The US Supreme Court’s ruling, which unanimously held that human genes could not be patented, could have lasting effects on the biotech industry

Sometimes the questions are complicated and the answers are simple.” — Dr Seuss

The US Supreme Court has pronounced a judgement that is a step forward for humankind.  It ruled unanimously that human genes may not be patented. “The ruling was seen as a powerful statement by the Court on an important intellectual property issue that could have lasting effects on the biotech industry,” wrote the American College of Cardiology’s website on 13 June 2013. Genetic testing and engineering efforts have been a boondoggle for the simple reason that the human meta-genome just has 25,000-odd human genes while there are nearly three trillion germ genes alongside. How could one make any dent in the outcome when one is only able to manipulate a microscopic minority of the genome? Medical science of reductionism has been a great curse for mankind.

Our dependence on randomised controlled trials (RCTs) looks foolish if one understands sub-atomic biology. Human body works as a whole and not in bits and pieces as is being taught now. Trying to predict the future from gene studies is like an astrologer predicting the future of mankind. While we are quick at calling astrology a myth, we foolishly believe that reductionist science of medicine is pure ‘science’. When one applies a little ointment on the dorsum of the hand, even the brain cells change in response, as documented by Fritz-Albert Popp’s bio-photon camera.

The field of medicine, since times of Hippocrates, has been able to survive basically due to ignorance of the masses and the statistical trickery in manipulating the data which, in themselves, are unreliable. We were bleeding, purging and giving emetics to our patients for nearly 2,500 years without anyone questioning that dogma. We are in the same spot today, with no one questioning this dogma of genetic engineering and RCTs. For instance, it is pertinent to note that 89% of the science of cancer and its management are found to be fraudulent; there is so much claptrap about our cancer industry even today. But no one dares to challenge this cancer myth. Genetic engineering, organ transplants, coronary revascularisations and many such quick fixes are just simple myths waiting to be demolished. Yet, the majority is happy at the way medicine is practised as it nets billions of dollars.

Human body is but a bundle of energy and is the other face of the human mind. Naturally holistic disease management must also depend on energy. The good news is that there are pockets of awareness in the world. These oases in the vast desert of ignorance in modern medicine will have to be harnessed and developed for mankind’s good.

All energy comes from the sun through electro-magnetic rays. There are three known types of energies, viz., electro-magnetic, nuclear and gravitational which, together, form just about 5% of the universal energy. A vast majority (95%) of energy remains occult, to date. Professor Robert Becker, a famous orthopod in New York, was the first to show how to use energy to heal infected and complicated fractures. He also devised simple tests to diagnose cancer using electric mapping of the skin areas. He was, of course, demonised and harassed, since he questioned the medical dogmas. His book, The Body Electric: Electromagnetism and the Foundation of Life, should be the Bible for every medical person, young and old alike.

Naturally, the next question would be to make energy treatment for healing the next logical step ahead. The World Academy of Authentic Healing Sciences, (www.waahs.com), a charitable body of scientists from all over the world, has been working to authenticate, scientifically, many kinds of energy-healing methods. The beauty of it all is that these scientific treatments have no side-effects. The demon of adverse drug reactions (ADR) is not a bother for the patient either. The Supreme Court in the US gave a very sensible judgement for which the whole world will be grateful. Let sanity prevail and mankind be happy.

 “In three words I can sum up everything I've learned about life: it goes on.”  — Robert Frost

Professor Dr BM Hegde, a Padma Bhushan awardee in 2010, is an MD, PhD, FRCP (London, Edinburgh, Glasgow & Dublin), FACC and FAMS.
 

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