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Any disinvestment in line by govt??

Tags: health, news & events, politics & government
Asked by alok khatore, 15 Mar 09:40 am
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Answers (1)


See, it is an economic policy direction pursued by the Govt of India, mostly based on the principles of western or US economic lines or the IMF. The main objective is to reduce the role of the State ie, Govt and giving more leverage to the private players in the economic activity of the country. ',

It is nothing to do with the work culture of govt employees. The government not only tries to sell the loss making PSU shares but efforts are on to sell the best profit making PSU shares as well. What does that mean? Profitability has nothing to do with the policy. Even the best performing public companies are sought to be sold on disinvestment just to meet the budgetary needs of the Govt. It is more or less comparable to the selling the family assets to meet the day to day expenses of the family.

Finally, if it is to check the work-culture of the indian govt depts, what is happening in the US? All the banks and auto majors are in the pvt domain and yet they performed very badly le ...more
Answered by Mickey, 15 Mar 09:42 am

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