0.09% Hold 95%, 96% Hold 3% Shares - Rejoinder to Gadkari Half Pants Mr. Gadkari, Half Pants, Yashwant Sinha,

0.09% Hold 95%, 96% Hold 3% Shares - Rejoinder to Gadkari Half Pants 
 
Mr. Gadkari, Half Pants, Yashwant Sinha, 
 
I believe you are not such Dung Brained not to see the 'Discriminatory Policies against Farmers, Minorities, OBC and Dalits.'
 
Before proceeding on issue of reservation let me just give you an example how Corporates 'Discriminates' against 99.99% Indians. Market Cap of listed companies is over Rs.60,00,000 crores, could have been Rs.100,00,000 crores?
 
Most Corporate including Ambani and Tata pay only a third as Wages than PSU companies. When Ambani own 175 ft high Antilla worth Rs.5000 crores – his staff barely earn Rs.6000 per month. 
 
In the following you can see Essar Refinery had 95.35% shares held by 0.09% shareholders while 96.23% shareholders just 3.29%. 
 
Even more Amazing 96% shareholders holding 3.29% shares for 10 years had not received even a Rupee as Dividend so far. 
 
In addition to above 0.09% shareholders just 4-5 Directors inflate Capitalization by say 100% and pocket the margin. 
 
Further Modi allowed Essar Refinery Rs.9100 crores Sales Tax Subsidy when shareholding Capital is Rs. 1345 crores only. (Dematerialisation of shares: As on 31st March, 2011, 98.55% of the Company's total shares, i.e. 1,345,802,921 shares were held in dematerialized form and 1.45% i.e. 19,864,165 shares were held in physical form.)
 
Modi had allowed Rs.200,000 crores such Private Subsidy alone though Essar Refinery didn't install the project on time and lost the opportunity. 
 
http://www.essar.com/upload/pdf/EOL_AR_2010-11.pdf 
Picture 

 
Similarly only a Nano Fraction gets Housing Loans, Personal Loans, Trading Loans, Rs.60,00,000 crores Tax Concessions etc. 
 
So there is Rampant Discrimination against Farmers, OBC, Dalits. 
 
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13590
You could very well have justified above had these Corporate, Bania & Traders been contributing even 60% of GDP. Registered companies contributed just 17% to our GDP as per RBI report. 
 
Actually Registered companies also include SMEs, not listed on stock exchanges and Foreign Companies. Farmers contribute TWICE more to GDP than all Bania Corporate. 
 
95% people are alive not due GOI policies and funds but from their own will to survive. 
 
Half Pants are CONSPIRING against Farmers, OBC, Dalits and against India since 1925. 
 
Ravinder Singh
Progressindia008@yahoo.com 
January18, 2012
 
Congress playing a dangerous quota game: Nitin Gadkari
Manjari Mishra, TNN | Jan 18, 2012, 06.58AM IST
 
With Congress, SP and BSP wooing Muslims, BJP, bereft of any tangible poll issue so far, is gleefully looking at polarization of votes on communal lines that might give it an outside chance in the UP polls. But, party chief Nitin Gadkari has many knotty issues to deal with, such as the fallout of the Babu Singh Kushwaha episode. But Gadkari tells Manjari Mishra he is unperturbed 

Has Kushwaha dented BJP's image? 

That chapter stands closed. He has decided to distance himself and put his membership under suspension till absolved of all charges. So why rake up this issue? We hold no brief for him. 

How do you assess BJP's chances? 

I predict an excellent BJP performance. The common man here has suffered goonda raj during Mulayam Singh's tenure. Mayawati went a few steps ahead. Not only has law and order worsened under her, but she also broke all records with her corrupt practices. Congress stands exposed. We are the only sane option. 

What do you offer? 

Governance, socioeconomic development. We are committed to giving people job opportunities, literacy, industrialization, prosperity and safety. 

But every part lists these in its manifesto? 

No. Look at Mulayam. He'd rather harp on 18% Muslim reservation. Congress has promised 9% quota and BSP is keeping quiet. No one has spared a thought to the possible sharp reaction the pre-poll rhetoric may invoke among OBCs. The constitution does not allow quota beyond 50%. This could finally mean poaching on their territory. 

Your taking up the OBC cause may lead to a divide on communal lines 

Polarization cannot be avoided if parties offer reservation to a particular community or religion. The Constituent Assembly members had ruled out such a provision . Minority reservation will lead to another Partition. I demand that PM Manmohan Singh and UPA chairperson Sonia Gandhi clarify their stand. Congress is playing a dangerous game. Muslim appeasement will be an issue too hot to handle. 

There are reports of infighting within the state BJP, especially after Kushwaha 

Ours is not a maa-beta, baap-beta party. It is democratic. Everyone is free to air grievances. UP leaders must learn not to air reservations outside the party. I won't tolerate it. 

Any post-poll plans? Poll pundits predict a coalition between BSP and BJP 

Please note down: Nitin Gadkari promises there will be no truck with either BSP or SP, either before or after elections. Wait for the results. 

Essar Oil to pay Guj 9100cr SC – Rs.2 Lac Crores Scam Modi Vivekananda 
 
India will be Horrified to learn that Gujarat offered 125% subsidy to industries – Rs.9100 crores to Essar Gujarat alone disallowed by Supreme Court was the outcome of Opposition Campaign. There are many hundred such companies. In Punjab it was 25% or so with upper limit of say Rs.1 crore. 
 
There is Rs.200,000 crores Genuine Tax Subsidies scam in Gujarat is obvious when investment in lakhs of crores are made, and habitually Companies create Excess Capacity at inflated costs. 
 
Here it also disclosed Essar shall double capacity to 20MTPA with investment of just Rs.1700 crores ($380m) when Reliance Jamnagar SEZ Refinery of 30MTPA was capitalized at $7b. 
 
At present day value Gujarat may have allowed Rs.2 lac crore Subsidy to Industries directly through Incentive Schemes and through negotiated projects like Rs.10,000 crores to Tata Nano. This doesn't includes Lakhs of Crores as Bank Credits, investments of public in shares etc. 
 
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13594 
In spite of all Loot Incentives to industries as reported earlier Organized Industry contributes just 17% to state GDP. 
 
In above RBI document you can also see Agriculture in Gujarat contributes at par without much subsidy and rampant loot and exploitation by banias and traders. 
 
Ravinder Singh
Januar18, 2012
 
http://www.essar.com/upload/pdf/EOL_AR_2010-11.pdf 
'The Company's revenues increased by Rs.10,717 crore representing a 25 per cent growth year on year, from Rs. 42,402 crore in FY2009-10 to Rs. 53,119 crore in FY2010–11, primarily driven by record refinery throughput and increased product prices Profit after tax increased by Rs. 625 crore representing a 23 fold growth from Rs. 29 crore FY2009–10 to Rs. 654 crore in FY2010-11.'
 
AR 2010-11. 'This produced a CP GRM, inclusive of sales tax benefit, of US$6.91 per barrel for FY2010-11 an 87 per cent improvement compared with a CP GRM of US$3.70 per barrel in FY2009-10. -- The Company plans to further increase the capacity of the refinery to 20 MMTPA, or 405,000 bpsd. This will be achieved through optimisation of some refinery units at an estimated cost of Rs. 1,700 crore (c. US$380 million). The project is expected to be completed by September 2012' 
 
Ravinder Singh
Progressindia008@yahoo.com 
January18, 2012
 
Essar Oil to pay Guj 9100cr: SC
Firm Has To Clear Dues As Its Refinery Didn't Qualify For Sops
TIMES NEWS NETWORK January18, 2012

Ahmedabad: The Supreme Court on Tuesday directed Essar Oil to pay Gujarat government Rs 9,100 crore in sales tax dues for failing to start production from its refinery in Vadinar near Jamnagar in time to qualify for the benefits of the state government's incentive policy. The Gujarat high court had ruled in favour of Essar in 2008. The state government challenged the decision in the Supreme Court. 

    Under the Gujarat government's Capital Investment Incentive to Premier/ Prestigious Unit Scheme, 1995-2000, companies investing in the state could get a tax benefit up to 125% of total investment. The scheme was meant to accelerate development in backward areas and create large-scale employment. 

    The operative period of the scheme was from August 16, 1995, to August 15, 2000, during which new units had to go into commercial production to avail of sales tax incentives by way of exemption or deferment. Essar's refinery could start production only in 2006. 

    The SC order said, "Essar was categorically told by letter dated 28-05-2002 that time for availing the exemption cannot be extended…Admittedly, Essar failed to meet the deadline…" 

    Essar Oil issued a statement which said, "The judgment deals with the applicability of a sales tax deferment scheme offered by the state of Gujarat. As per the state government, Essar was not entitled to the deferment scheme because it could not commence commercial production within the prescribed period." 

    According to Essar, commercial production was delayed because of the actions of the state government and certain orders passed by the high court which were later set aside by the Supreme Court, and therefore it was entitled to an extension of the deadline to start commercial production. 

    "The Supreme Court has upheld the stand of the state government as a result of which Essar is not entitled to the deferment scheme. It needs to be clarified that the scheme was not for sales tax exemption in toto but was only for a deferment of payment of sales tax. In view of the judgment the payment of tax which was to be made in deferred installments, may face some changes in the timeline," the company said in a release. 

    Leader of Opposition in Gujarat Assembly, Shaktisinh Gohil, was elated by the development. 

    "The Supreme Court order has saved Rs 9,000 crore of state exchequer which would have otherwise gone to the company illegally," he said. He said a sustained campaign by the Congress in the state assembly had forced the Gujarat government to appeal against the high court order. "The Gujarat government had deliberately not disclosed certain conditions for the incentives during the hearing in the high court," he said.
 
Organized Industry Rs. 63,832 Crores SGDP - Modi BJP Mischief
 
Today at Jalandar Election Debate Half Pants claimed Modi attracts Rs.70,000 crores Investment for Industry every year but cumulatively such investment in Organised Industry had contributed to just Rs.63832 crores. Growth in Organised Industry state GDP is barely Rs.34000 crores in five years. (Rs.63832 crores – Rs.29508 crores). SGDP of Gujarat expanded by Rs.200,000 crores from 2004-05 to Rs.2009-10. So Organised Industry contributed barely 17% or a sixth of its SGDP growth - $950b MOU signed by Modi were mainly for Organized Industry. 
 
Modi and RSS spread wild lies about Gujarat GDP and repeated all over India. No one is serious considering over $950b was committed at Vibrant Gujarats ($450b at last VG2011 and $500b earlier) but SGDP is barely $12b. 
 
Here you can see Gujarat SGDP Organised Industry is barely Rs.63832 crores or $12b for 60 million population or $200 per capita. Even most of this doesn't conform to Quality Standards and not contributing to jobs. 
 
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13594 
 
For same year SGDP of Gujarat at current prices is Rs.370400 crores – this barely 17%. 
 
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=13592 
 
Even in case Agriculture Gujarat Production were largely stagnant as highlighted in attached spread sheet. 
 
Modi RSS Half Pants are Congenital Liars.  
 
Ravinder Singh
January15, 2012
 
http://www.businessstandard.com/india/news/rs-2083-lakh-cr-mousat-vibrant-gujarat/421773/ 
Rs 20.83-lakh-cr MoUs at Vibrant Gujarat
BS Reporter / Ahmedabad January 14, 2011
 
The two-day Vibrant Gujarat Global Investors Summit 2011 concluded today with investment commitments of Rs 20.83 lakh crore ($450 billion) committed. The investment pledged by national and international corporate giants this year is far higher than the Rs 12.37 lakh crore in Summit 2009.
 
The government said 7,936 memorandums of understanding (MoUs) were signed during the mega event. "The investment pledged will provide employment to 52 lakh people," said Narendra Modi, chief minister, at the valedictory session.
During the summit, Modi had one-to-one meetings with 650 delegates from 43 countries. As many as 1,400 foreign delegates from 101 nations participated this year. The urban development sector was the biggest gainer today, with investment commitment of Rs 2,26,274 crore. Some major projects include Essel Infraproject Ltd's Rs 5,200-crore solid waste management and sewage treatment projects and L&T infrastructure Development's Rs 5000-crore Ahmedabad monorail project.
 
Earlier in the day, the ports and ship building sector witnessed major investments to the tune of Rs 1 lakh crore, with as many as 97 MoUs. Adani HPPL Ltd pledged Rs 8,000 crore to develop a bulk-general cargo terminal at Hazira. The Essar Group signed two MoUs, involving a total investment of around Rs 8,100 crore under its group company, Essar Bulk Terminals Ltd ,for expansion of the deep water terminal at Hazira and extension of the company's Salaya jetty.
 
The pharma and healthcare sectors saw investments of Rs 26,000 crore by national and international companies. Of this, Rs 15,600 crore will be in health and Rs 10,686 crore in pharma.
 
Day one of VGGIS, the fifth in the series, saw investment commitment of around Rs 15 lakh crore. Of the MoUs signed yesterday, 48 worth Rs 3.05 lakh crore were in power, 13 MoUs worth Rs 1.22 lakh crore for various Special Investment Regions and 41 MoUs worth Rs 1.34 lakh crore in the mineral sector.