The Central Government is thinking of taking the cash surplus of the profitable PSUs by ordering higher % of dividend to them. These PSUs include BEL, BHEL, Coal India, BPCL, Gail, MMTC, NALCO,NLC,NTPC, Oil India, ONGC etc.
The Government is expecting about Rs. 27,000 crore more as dividend from these PSUs in addition to the Rs. 37,000 they are liable to pay.
The policy of the government is intended to divest all the cash surplus of the Profitable PSUs. The cash surplus of Rs. 40,000 crore with BSNL was taken over by government in the name of spectrum charges, notional loan etc. by the government. Now in the other PSUs it is increasing the % of dividend. Once any PSU becomes sick, then there is no help, though it is the policy and action of the government which made it loss making.
Whatever be the name of taking the money from the PSUs, the main intention is to make the PSUs sick. Of course the government will get the money also.
This anti-PSU policy has to be opposed and defeated by the people.