79 sick PSUs wait forJaitleys next move (Chart to follow) | Business Standard News

79 sick PSUs wait forJaitleys next move (Chart to follow) | Business Standard News
Online comments posted on November 7, 2014:

We expect government to safeguard the interests of stakeholders, especially the individual citizens who have stakes in their capacity as investors, customers, clients, users of services and above all, as tax-payers, in public and private organisations including public sector undertakings.

In the case of public sector undertakings including public sector banks government should own up responsibility for their inefficient functioning and incurring losses. Making organisations sick by following bad policy and throwing them to the laps of greedy private sector will have long term impact on the credibility of government as an institution.

Post-independence India has a history of building and nurturing several public sector organisations including Railways, State Bank of India, Ordnance Factories and Research Organisations including ISRO.

One is not aware whether a parallel survey to assess the health and mortality rates of private sector organisations with focus on their consumption(yes, consumption) of public funds and resources has been conducted when a study was carried out to find out saleable sick central public-sector enterprises. Time is opportune for central government to set up umbrella organisations in sectors where government would like to retain majority stakes to oversee their functioning and give necessary and timely support to ensure their healthy existence.

M G Warrier, Mumbai

 

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