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Letter to BS: Govt's strategic sale move will fetch a few positive results

Privatisation is at the centre of any move to liberalise the economy, more so, if we want to become a developed country one day

Business Standard 

Illustration by Ajay Mohanty
Illustration by Ajay Mohanty

This refers to “The big push, finally” (November 22). Indeed, this strategic move will fetch a few positive results. It will help bridge the fiscal deficit as well as spur revenue when GST collections are not even touching the much-needed Rs 1 trillion benchmark. is at the centre of any move to liberalise the economy, more so, if we want to become a developed country one day. Without an iota of doubt, will also improve the efficiency of these organisations. The fear of job losses during any such move is real but must be dealt with with utmost sensitivity like in the case of the BSNL-MTNL merger where the option of VRS was offered to employees. Coming to revenue expected from this stake-sale: Though it might take longer than expected, it should be utilised as judiciously as possible. Time has come to take strong action on land and labour reforms as well because without that economic revival might not happen.

Bal Govind, Noida


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First Published: Sun, November 24 2019. 20:45 IST
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