ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Government s Privatisation Plans Come into Open

The government would appear to have successfully broken the strike by the workers of the Delhi Transport Corporation. The way it dealt with the strike is a signal that the government has decided on the privatisation of commercial and industrial activity in the public sector on a broad front and curtailment of the role of public enterprise. A logical concomitant is a determined drive to discipline workers and enhance the returns to private capital at, the cost of labour IT is a standard practice on the part of the government leaders, among them the prime minister himself, to affirm from time to time faith in and commitment to public enterprise. They also stoutly deny any intention to go for anything like the privatisation of public sector enterprises. All that they intend, it is averred, is improvement in the functioning and performance of public sector industrial and commercial undertakings in order to achieve the laudable objective of making them viable and derive profit from the in* vestment locked in them. Even such proposals as the outright closing down of loss-making public sector production units, dilution of the shareholding of the government in the equity of others and promotion of what are called joint ventures with big business houses with management vested in the hands of the private parties in areas of assured and high profitability such as oil refineries are justified on grounds of efficiency and are not admitted as privatisation moves.

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