Unfair diktat

Unfair diktat: This refers to your edit, ‘Dividend dilemma’ (January 12). It is strange that when the Centre is periodically infusing the ailing PSBs with funds, it has directed the same banks to pay dividends.



My VIEW:



This is the continuation of a ‘practice’ the government has been following for some time. A particular figure is shown in the Budget as expected receipts from dividends and surplus profit transfer by PSUs and statutory bodies, including RBI, and later these organisations are persuaded to fall in line. The government should allow statutory bodies and PSUs to professionally manage their finances and not routinely pressure them to transfer funds back to the government.
All organisations should be allowed a level playing field in managing their resources, activities and finances factoring in risk perceptions and growth needs.
MG Warrier
Mumbai

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