Letter to BS: Privatisation will instil a sense of purpose in management

This refers to “Govt will exceed divestment target: Rajiv Kumar” (July 10). Although divestment exceeds budgetary targets, it is coming at a time when the economy needs to stress on stability and progress. Increased privatisation will instil a sense of purpose in management with firmly laid budgetary targets and profit orientation. The economy has to move forward in keeping with global trends and long-term budgeting will not be swift considering the changing economic and commercial trends. It will require reallocation and revisions at regular intervals. 

However, this does not mean that the government control and functional role should be compromised. A