When it is obvious, as this writer says, that this is the time for disinvestment, is it that the Government is not ware of it. Far from it.
Probably, the biggest hurdle for disinvestment are the (overstaffed PSUs) employees. They are people with feelings who are probably scared of “working” in the private sector.
Commentators fail to tackle this issue in their “views”
Divestment is not at the cost favours to select few but is for benefit of the society.
There is nothing wrong if government feels that it will not get right price and hence it be delayed.
Print is either incapable of understanding this else they have some other agenda.
In reality the owner is the tax payer, not the government. It does not behove the government to make profit from the same tax payer who has bankrolled PSUs over the years. It is only correct for the government to return the ownership to it’s real owners by selling it at only a nominal rate, as the tax payer had already paid many times over for this PSUs. Irrespective of the state of the stock market all shares should be sold at Rs. 10, making sure that shareholding is spread widely amidst the public. However if the control of the company is to be passed on to a private group in toto, then a premium needs to be charged.
Politically too now is the time. It’d be easier to convince people as revenues are hit and any help from the govt can only be funded through this. Let’s see if the govt can actually do this.
When it is obvious, as this writer says, that this is the time for disinvestment, is it that the Government is not ware of it. Far from it.
Probably, the biggest hurdle for disinvestment are the (overstaffed PSUs) employees. They are people with feelings who are probably scared of “working” in the private sector.
Commentators fail to tackle this issue in their “views”
Divestment is not at the cost favours to select few but is for benefit of the society.
There is nothing wrong if government feels that it will not get right price and hence it be delayed.
Print is either incapable of understanding this else they have some other agenda.
In reality the owner is the tax payer, not the government. It does not behove the government to make profit from the same tax payer who has bankrolled PSUs over the years. It is only correct for the government to return the ownership to it’s real owners by selling it at only a nominal rate, as the tax payer had already paid many times over for this PSUs. Irrespective of the state of the stock market all shares should be sold at Rs. 10, making sure that shareholding is spread widely amidst the public. However if the control of the company is to be passed on to a private group in toto, then a premium needs to be charged.
Govt got NO business running a business. That’s for the entrepreneurs to do.
Govt’s job is to create an ecosystem for the private enterprise to invest and thrive.
Job creation is not a task of the Govt, its a task for the Market forces.
Politically too now is the time. It’d be easier to convince people as revenues are hit and any help from the govt can only be funded through this. Let’s see if the govt can actually do this.