
Ishita Mukherjee, University of Calcutta. B JP government at the centre is on a pre- annual budget privatisation spree. Keeping on the heels of signing CTBT, privatising the electricity, bringing in foreign hands in the insurance sector and all the allies of the process of liberalisation, privatisation and globalisation, the government is all set to fulfill its tasks. Deviating far from the Swadeshi agenda of the party manifesto, made public before the Lok Sabha polls, the party is all set in line to appeasing the lords in Washington, the IMF and the World Bank.The venture taken by the party in the few months of the rule was going too far than what the Congress government did in few years. During the last February, it was the employees of all public sector enterprises, who organised intensive strike against the policies of the Central government. It was alleged that the government carried out indiscriminate privatisation and disinvestment of shares of the public sector. Virtually no attempt was made to revitalise the sick mills of the public sector and the mills were closed one after another indiscriminately. The pay structure of the PSU employees were not revised even for the last ten years in some cases. Over and above these, the trade union rights were being attacked. In terms of labour guidelines the talks between the trade union and the government had come to an absolute halt. It is against these issues that the employees were protesting. The pattern of disinvestment has been enforced so much so that the BJP government had disinvested twice as many shares than what the Congress(I) did . What is now being achieved in a few days , half of that was achieved during the Congress regime. To speak of some recent examples, the government had decided to sell of 51% of the share of Indian Airlines. But this is not in conformity with the records of the concern. It is this concern which has shown profits for the last three consecutive years. But this was not at all considered when the decision to disinvest the shares was taken up. The decision was taken up without any concern for the past records of the particular concern. This was something quite new in the pattern of privatisation of the country. Again, Modern Food Industries was to sell 74% of its shares to Hindustan Lever. It is this Hindustan Lever which is notorious for laying off people when it collided with Lakme and Tomco. There is ample justification in worrying that the same will happen in this cases also. Privatisation and laying off labourers are going hand in hand. However the recent phenomenon of privatisation which took place with respect of Steel Authority of India is remarkable in one aspect. Here, the concern's assets and production were delinked and sold separately to private conerns. Durgapur Alloy Steel Project was separately given to private hands. It is not a mere sale of shares, but it is sell of an entire unit. This tendency is markedly dangerous to the privatisation spree. Not a single day is passing when a new call of privatisation is not there. The disinvestment of the shares of the PSU units are utilised to finance the budget deficit. This clearly shows that it is not coming in any way to the revitalisation of the units, which are sick. The privatisation attempts of the government and the pattern in which it is achieved in our economy is devastating . It is increasing unemployment of the masses as pools are laid off and further, the attempts are not made in any direction to revitalise the units. |
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