, , ,

The government seems to be in a move to sell the loss making HMT and Tungabhadra Steel Ltd. It is reported in the press that the government is proposing to sell profitable PSUs also after the loss making PSUs are sold.

It is well known that,in order to close or sell the PSUs, the government, the owner itself, takes measures that will make even profitable PSUs to loss making. Take the case of ITI, BSNL, MTNL etc. All of them have become loss making only due to the anti-PSU policy of the government, whether UPA or NDA. In destroying PSUs both of them are in the same camp. Only that NDA government is more aggressive in the matter.