Letters: Reviving PSUs

Image
Business Standard New Delhi
Last Updated : Mar 24 2015 | 9:58 PM IST
This refers to Debashis Basu's column "'Minimum government' starts here" (Irrational Choice, March 23). The author has rightly pointed out that it is high time we did away with the public sector. All public sector undertakings (PSUs) are big white elephants and a drain on the taxpayers' money. These organisations were started in the Nehruvian era with a different motive. Back then, they were the temples of nation-building and people of high eminence headed these organisations and had support from equally committed ministers such as C Subramaniam. They served their purpose.

Over the years, many of these organisations have become symbols of inefficiency and corruption, and have ended up as personal fiefdoms and milch cows for ministries and bureaucracies. Arun Shourie, disinvestment minister in the Vajpayee government, had left his job unfinished. The Modi government should fulfil that legacy now. Air India, which was nationalised by the government long ago from the efficient hands of J R D Tata, leads the herd. If we think that the very purpose of nationalisation of civil aviation in the country would have been to make the airline available to the common man, Air India could never fly down to that level. Only the recent competition among private airlines has made the common man's dream of flying a reality. Air India exclusively serves bureaucrats and ministers, the new maharajas of independent India. Over the years, in the name of PSUs, we have bred unionism and a lack of accountability. The government's job is not to run shops and businesses anymore, but to concentrate on governance.

K Rajagopal Pune

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 24 2015 | 9:03 PM IST

Next Story