The Cabinet Committee on Economic Affairs (CCEA) has allotted Rs.116 crores for payment of wages and other dues for the employees of 11 sick PSUs. These include HMT Machine Tools, Hindustan Cables, HMT Watches, HMT Chinar Watches, Nagaland Pulp and Paper, Triveni Structurals, Tungabhadra Steel Products, Nepa Limited, HMT Bearings, Hindustan Photo Films and Tyre Corporation of India.
All these PSUs were profit making and had given dividend to the government. It was only due to the neo-liberal policy and pro-private decisions of the government that they started posting loss. Hence it is the full responsibility of the Central Government to ensure that the workers engaged in these PSUs are paid their wages and dues in time. This is not happening. It is only after three or six months that the payments are made now. Other benefits are curtailed or completely stopped.
In the hurry to maximise the profit of the private sector, the public sector is completely ignored and the workers made the scapegoats.