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:
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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