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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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VIRTUAL LOOT OF THE SMALL INVESTORS!!
Something should be done regarding the Corporate Salaries of top honchos: Let me give here some examples, excluding the Tatas and Ambanis:
(i) Navin Jindal, also a member of the Parliament draws Rs.73.4 crore (now makes news for getting cheap coal allocation and selling expensive power),
(ii) Kalanithi Maran and his wife (in the news for the telecom scam), Rs.114 crore,
(iii) Vijay Mallya another MP earns Rs.41.4 crore for sinking Kingfisher,
(iv) Kumar Mangalam Birla pays himself Rs.39.7 crore,
(v) Pawan Munjal gets Rs.34.5 crore, 
(vi  Sunil Mittal gets Rs.21.3 crore and so on......
This is in addition to the seven star lives, they enjoy which are normally paid by their companies. In addition to these they get capital gains, on the shares of the company plus the dividends along with other shareaholders.
THIS IS A VIRTUAL LOOT OF THE SHAREHOLDERS' CAPITAL. Many shareholders of these companies did not make a penny in their holdings during the last few year, but their promoters and their top ranked officials made millions during the same period.
But have we seen SEBI ever talking about the same? Or have you seen any POLITICAL OUTFIT speaking about the same? Have we seen any NGO speaking about the same in the last one decade?
What for is SEBI, if it does not look after the interests of small investors?
Note: The Salary data is taken from www.moneylife.com.

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