This refers to the report "79 sick PSUs await FM's privatisation move" (November 7). We expect the government to safeguard the interests of stakeholders, especially citizens who have stakes in their capacity as investors and taxpayers in public and private organisations, including public sector undertakings (PSUs).
In the case of PSUs, including public sector banks, the government should own up for their inefficient functioning and losses. Making organisations sick by following bad policies and throwing them to greedy private sector will have a long-term impact on the government's credibility. Post-independence, India has had a history of building and nurturing several public sector organisations including the railways, State Bank of India and research organisations like the Indian Space Research Organisation.
It remains to be seen whether a parallel survey to assess the health of private sector organisations with a focus on their consumption of public funds and resources has been conducted when a study was carried out to find out saleable sick central public sector enterprises.
M G Warrier Mumbai
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