The roadblocks in the Modi govt’s grand PSU disinvestment initiative


The roadblocks in the Modi govt’s grand PSU disinvestment initiative

For starters, the Bharatiya Mazdoor Sangh (BMS), the trade union affiliated to the Rashtriya Swayamsevak Sangh (RSS), has strongly opposed the Centre’s plans to privatise public-sector undertakings (PSUs). The BMS has, in fact, gone so far as to invite employee unions of all PSUs on 15th of November to discuss the future course of action against privatisation.

But resistance to divestment is just the tip of the iceberg. The larger issue before the government is the slow pace at which its privatisation drive is progressing. Consider this: Six months into the current financial year, the Modi administration has been able to garner only Rs 12,357 crore, or 12 per cent, of its disinvestment target of over Rs one trillion.Read more

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