Call Us: +91-11-23073004, 23073042 | Mail: info@bureaucracytoday.com

Editor speak »

    August 2014

Perform or perish

Editor-Post

Finance Minister Arun Jaitley’s recent statement in Parliament that the Government will shut down terminally ailing public sector undertakings is a welcome step. Being pro-business does not amount to being anti-poor. Crores of tax payers’ money was spent by the earlier UPA regime on reviving the ailing PSUs but in vain.  The UPA Government had kept even the terminally sick PSUs alive by pumping money into them at the cost of the State exchequer for political expediency. Jaitley’s bold remark is a clear signal of the shift in the Centre’s policy and indicates that the Government is in no mood to make these money guzzling entities a comfortable parking slot for bureaucrats and politicians having vested interests.  Critics say shutting down the ailing PSUs would render lakhs of employees jobless. The argument is no doubt valid but what if the employees had been in the private sector in a similar situation. Would they continue to have a secure job with benefits in spite of their non-performance? It is a point to ponder. No doubt, the Government should support an ailing State-run undertaking but a line has to be drawn as to what extent should the Government keep spending tax payers’ money on propping up sick and dying public sector units (PSUs). In almost half of the cases, bailout measures have not worked. The glaring examples are those of Air India, HMT Ltd, Scooters India, ITI and scores of other such behemoths which have been incurring losses for decades even after pumping huge amounts of money into them. Companies are not established only to give salaries to their employees. They should generate revenue and have some commercial activity. And for commercial activity, something commercial needs to be done.  For years, the State exchequer has been paying the price of the Government’s indecisiveness to take a bold stand and the PSUs’ lack of innovation and failure to upgrade themselves with technology. It was high time the Government stopped dithering on the issue and took a call on the fate of the ailing PSUs. Also it is time for the PSUs to introspect. They should realize that they simply cannot afford to run like a Government department in a competitive market and should upgrade themselves to stay in the field as viable entities.

so your wife cheated on you open your wife cheated on you
i cheated on my boyfriend with his best friend link why did i cheat on my boyfriend that i love
i had a dream my boyfriend cheated on me open cheat on your boyfriend
should i tell my girlfriend i cheated on her did my girlfriend cheated on me i cheated on my girlfriend but i love her
why do guys cheat on their girlfriends open has my girlfriend cheated on me
my virtual girlfriend cheats read girlfriend cheated on me with her ex
should i cheat on my boyfriend quiz scottdangelo.com why did my boyfriend cheat
my boyfriend cheated on me with my best friend i found out my boyfriend cheated on me cheat on boyfriend
i cheated on my wife now what read i want my wife to cheat
i cheated on my wife now what ballslapped.com i want my wife to cheat

WRITE A COMMENT

...
Sign in with
Or procced without registration

» Previous Editorials:

April 2017, March 2017, February 2017, January 2017, January 2017, December 2016, December 2016, November 2016, November 2016, October 2016, October 2016, September 2016, September 2016, August 2016, August 2016, July 2016, July 2016, June 2016, May 2016, May 2016, April 2016, April 2016, April 2016, March 2016, March 2016, February 2016, February 2016, January 2016, January 2016, December 2015, December 2015, November 2015, November 2015, October 2015, October 2015, October 2015, September 2015, September 2015, September 2015, July 2015, July 2015, June 2015, June 2015, May 2015, May 2015, April 2015, April 2015, March 2015, March 2015, February 2015, February 2015, February 2015, January 2015, January 2015, December 2014, December 2014, November 2014, November 2014, October 2014, October 2014, September 2014, September 2014, August 2014, August 2014, July 2014, July 2014, June 2014, June 2014, May 2014, April 2014, March 2014, February 2014, January 2014, December 2013, November 2013, October 2013, October 2013, October 2013, October 2013, September 2013, August 2013, July 2013, June 2013, May 2013, April 2013, March 2013, February 2013, January 2013, December 2012, November 2012, October 2012,