The nefarious plan of the UPA and NDA governments to finish off the PSUs is well known. After the NDA government has come in to power, hectic activities have been going on to privatise as much PSUs as possible to favour the corporates who have liberally donated to the BJP Election Fund.

Now the government has decided and is moving fast to privatise 6 important PSUs. They are Hindustan Photo Films, HMT Bearings, HMT Chinar Watches, Tungabhadra Steel, Hindustan Cable and the iconic HMT Watches. All these PSUs were profitable and much appreciated earlier, but the anti-PSU policy and mismanagement had made them in to loss making.

The Cabinet note for the closure has already been circulated to the various departments by the Heavy Industry Ministry, which is the nodal ministry for the PSUs. An amount of Rs.1,000 crore also may be allotted towards VRS for the employees working in these PSUs.

Unless there is strong reaction and struggle, BSNL and MTNL also will be taken in to the queue.