Disinvestment is not just about selling your assets , here we see that many PSU are not making profit, because they are not running efficiently by disinvestment we give it to the people who can handle them well so that they can earn money and generate employment and govt. get taxes as revenue . Its like encouraging people to become more active partner in nation building. I don’t know why government own PSU of course they can make rule and regulation for working condition and labor welfare

Divestment in profit making PSUs like Bhel is a wise proposition by the govt. It helps the Govt. to cope up with the burgeoning fiscal crises. It can then spend greater amounts on rural infrastructure
projects, education and healthcare. Entry of private players will enhance efficiency in operations & more transparency in them. Moreover as the govt. Still retains the majority of the stakes it still will have control in labour welfare, security systems 4 staff. The left’s opposition is totally
unjustified & will totally hamper the prospects of privatisation in a liberalised economy.

This entry was posted on Saturday, April 26th, 2008 at 8:45 am and is filed under Miscellaneous, Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.