Govt looking to sell profit-making PSUs; it must strengthen, not sell them: Cong

Vallabh alleged that the government was weakening PSUs to sell them and said the Life Insurance Corporation was an example of this.


PTI | New Delhi | Updated: 05-03-2021 18:36 IST | Created: 05-03-2021 18:14 IST
Govt looking to sell profit-making PSUs; it must strengthen, not sell them: Cong
Representative Image Image Credit: ANI
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The Congress on Friday alleged that the Centre is looking to sell profit-making public sector undertakings and said the government should not only do a re-think on embarking on a ''distress privatization drive'' but should also strengthen PSUs.

Senior Congress leader Rajeev Shukla said he was unable to understand the economic model of the government alleging that on the one hand, it was increasing taxes on commodities such as petrol, diesel, and cooking gas while on the other hand, it was looking to sell assets built by public money.

Crude oil prices are less than half of what they were during the UPA time, but domestic prices are sky-high, he said.

''Even actors were speaking out at the time, but now they are also silent,'' he said at a press conference here.

''The government is visible on the ground as a result of these public sector undertakings. The government will be limited to North Block and South Block if you privatize everything,'' he said.

Shukla said the government should not only reconsider selling profitable PSUs, but they should be strengthened and their management is empowered.

Congress spokesperson Gaurav Vallabh said the government's mantra is ''Hum Do, Humare Do, Jo Bhi Mile Bech Do''.

''This is distress privatization drive that the government is undertaking... the government should not be in the business of selling what was created by the previous government,'' he said. Vallabh alleged that the government was weakening PSUs to ''sell them'' and said the Life Insurance Corporation was an example of this.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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