Letter to BS: Selling of PSUs is akin to frittering away of national assets

Air India
This refers to the editorial “Air India's new deal” (January 28). One of the major components of neo-liberal policies, popularly known as “LPG” (liberalisation, privatisation and globalisation) policies, is privatisation. This privatisation can be of public enterprises, public resources and public services. The process in our country was initiated under the Congress regime in 1991 and this has gained momentum since the Bharatiya Janata Party came to power. Dismantling the public sector means handing over our national assets, our national wealth to the corporates, domestic and foreign, on a silver platter. The fact is that the huge accumulated loss of Air India, which was a profit making company till 2007, was the result of bungling and misgovernance by successive governments. Selling it is nothing but frittering away national assets for the benefit of private airlines, domestic and foreign.

 

S K Khosla, Chandigarh

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


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel