Indiscriminate sale of PSUs is not just about sale of national assets, but also an over-smart way to side-step reservation and social justice.
Not making a blanket case for or against privatisation. But the clandestine way in which social justice component of public recruitment is taken away, lateral entries, single vacancy advt & indiscriminate sale of PSUs is something that needs to be out in the open & discussed.
A simple question to ask the Govt in parliament would be
1. Recruitment breakup of the PSUs over the last 10-20 years and current vacancy breakup.
2. Whether the Govt can promise that a similar pattern in recruitment is going to be kept after privatisation of the said PSUs.
1. Recruitment breakup of the PSUs over the last 10-20 years and current vacancy breakup.
2. Whether the Govt can promise that a similar pattern in recruitment is going to be kept after privatisation of the said PSUs.
Many Quasi-Govt handles are arguing that even profit making PSUs should be privatised because if they were in private hands they would have made 9 times profit.
Now this should be reflected in the valuation of the PSUs too.
Else it will be a case of cronyism and corruption.
Now this should be reflected in the valuation of the PSUs too.
Else it will be a case of cronyism and corruption.
Another argument is that the same money in pvt sector will result in more investment in R&D.
Fact is that Public sector institutions formed the lion’s share of India’s investment in R&D. In 2016-17 pvt sector share in R&D was only 40% despite being many-folds larger in revenue.
Fact is that Public sector institutions formed the lion’s share of India’s investment in R&D. In 2016-17 pvt sector share in R&D was only 40% despite being many-folds larger in revenue.
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