Following the two days massive strike of BSNL employees, it seems that the government has decided to put of the proposal to disinvest 30% shares of BSNL. According to reports in Times of India dated today, 17th December, the Telecom Commission has observed, ” this is not the opportune time for listing and disinvesment of BSNL, as company is on downward performance path and disinvestment may not realise the true value of the company”.
But the interesting fact is that even in March 2010, when the company was already in loss, the Government had considered disinvestment. As such, the main reason for putting off listing and disinvesting is only the strong opposition of and strike by the workers.
Let us not be casual and complacent. There will of course be move again inside the disinvestment department, how to plan disinvestment of BSNL. Let us continue our struggle against disinvestment along with the struggle to save BSNL.