Govt seeking to promote profit-making PSUs; it should strengthen, not promote them: Congress


The Congress on Friday alleged that the Centre is seeking to promote profit-making public sector undertakings and stated the federal government mustn’t solely do a re-think on embarking on a “misery privatisation drive” however must also strengthen PSUs. Senior Congress chief Rajeev Shukla stated he was unable to know the financial mannequin of the federal government alleging that on the one hand, it was growing taxes on commodities similar to petrol, diesel and cooking gasoline whereas however, it was seeking to promote belongings constructed by public cash.

Crude oil costs are lower than half of what they have been throughout the UPA time, however home costs are sky excessive, he stated.

“Even actors have been talking out on the time, however now they’re additionally silent,” he stated at a press convention right here.

“The federal government is seen on the bottom on account of these public sector undertakings. The federal government can be restricted to North Block and South Block for those who privatise the whole lot,” he stated.

Shukla stated the federal government mustn’t solely rethink promoting worthwhile PSUs, however they need to be strengthened and there administration be empowered.

Congress spokesperson Gaurav Vallabh stated the federal government’s mantra is “Hum Do, Humare Do, Jo Bhi Mile Bech Do”.

“That is misery privatisation drive that the federal government is enterprise… the federal government shouldn’t be within the enterprise of promoting what was created by the earlier authorities,” he stated.

Vallabh alleged that the federal government was weakening PSUs to “promote them” and stated the Life Insurance Corporation was an instance of this.

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