I am a Na Mo supporter and a big beneficiary of his becoming the PM of India. When the elections were announced, I bought PSU shares (normally not a part of my portfolio) and I sold it as soon as Na Mo was sworn in. The logic? I knew it would take some time for him to do something about the PSU banks and other psu undertakings to make them accountable.
I am sure he is doing something, but the actions are not visible. Not to me, not to the market. The market is in no hurry to increase the PE of the psu companies. There was some attempt at getting good Chairmen for the banks – Federal bank is one of those banks. However the psu gangs have not been made accountable. The Chairman of a PSU has not been sacked in full glory. Banks continue to give loans and pretend to collect. Why no drastic measure like saying the following:
- no giving loans AT ALL
- no giving loans above Rs. 30 lakhs
- only car loans and home loans
- sacking of a few corrupt officers / managers /…etc.?
- i mean the list is endless..
the p/e of the psu banks is gone for a toss again…
Why should people pay taxes?
For you to lose money in psu banks? other psu undertakings? gimme a break…read on..
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