A news report states that the government is considering a proposal to dissolve the Board for Reconstruction of Public Sector Enterprises (BRPSE), according to Heavy Industries Minister Anant Geete.
“We are in discussions to create a new entity for sick PSUs,” he said on the sidelines of a Confederation of Indian Industry (CII) function. According to a government official, a cabinet proposal to shut down the BRPSE is being prepared.
The move is significant. It seems that the government does not want the systematic approach of declaring a PSU sick as at present. It wants for quick disposal of the PSUs and hence the new entity. The private lobby is putting pressure on the government to finish the PSUs and the Modi Government is on the job.
The government can easily make a profitable PSU into loss making as in the case of BSNL, then declare it sick and consequent privatisation or closure. The BRPSE may be being dissolved to quicken the process. Let us wait for the details
after few months our country will be available on OLX for sale advt by GoI
NDA is not helpng to revive the PSU’s .. what is NDA government planing???
Neither UPA nor the NDA government is supporting BSNL. The neo-liberal policies being adopted by them is intended to hand over the PSUs to private companies or to close them.
it requires a strong jolt of movement… countrywide protest which can move the root of the govt…and bsnl has that ability to hit that