Privatisation Policy

Privatisation Policy CLAIMING that neither the government nor its critics have "a really clear picture of the overall privatisation policy" Pra- japati Trivedi, in his article 'What Is India's Privatisation Policy?' (EPW, May 29,1993) sets out "to piece together various policy pronouncements and publicly available documents on this subject to outline what appears to be India's approach to the issue of privatisation" Stating that "the root cause for the interest in the privatisation option is the perceived inefficiency of public enterprises ...[which] is usually measured with the help of financial profitability" he argues for a close examination of the nature of losses in the public sector. He then goes on to discover the government's policy towards privatisation relying solely and exclusively on the classification and treatment of losses as given in the government's Monograph on the Performance Status of Central Public Sector Enterprises