“Ratnas need to be preserved”, this was what the CPI & CPI(M) propagated when the Vajpayee led BJP Government took up the divestment of the PSU.
But is it really wise to allow the Government to continue to “dabble” in business. When a Private Sector requires money it approaches the plethora of avenues including the Public. But when PSU’s run aground more often than not it is baled out using the Tax-Payers money.

Why should we allow it?

The classic example is Air-India. Why attach false sentiments and keep this behemouth propped up. Last year some 2000 crores of the Tax-Payers money was “gifted” to run the airline. This year again the story is going to be somewhat similar. And to what use. Travelling on Air-India, very few “common man” prefers to travel the snobbish airline, what with disgruntled staff who couldnt care less whether you returned to travel with them.

– Posted using BlogPress from my iPad

Location:New Delhi