|| Centre On Sell Indias Spree ||
The government has "no business" to be in business, Prime Minister Narendra Modi said on Wednesday in a clear push for disinvestment and privatization of public sector undertakings (PSUs). The PM made the remarks during a webinar on privatisation by the Department of Investment and Public Asset Management (DIPAM).
"It is the government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," PM Modi said. He went on to add, "There was a different time when public sector enterprises were established and the needs were also different."
Speaking on the Budget 2021-22, the Prime Minister said Centre's fiscal plan has given a clear roadmap to take India to a high growth trajectory. "There is always scope to reform the policy which was good 50-60 years ago. Now when we are bringing reform, our aim is to optimally utilise public money," he added.
PM Modi went on to say, "We cannot continue with public entities just because they have been operational for so long. The government's focus should be on the welfare of society and policies related to people. It sounds like misusing the talent of our officers to keep them in the business operation of public entities."
https://www.indiatoday.in/business/story/government-has-no-business-to-be-in-business-pm-modi-announces-plans-to-privatise-100-psus-1772658-2021-02-24
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|| Centre On Sell Indias Spree || The government has "no business" to be in business, Prime Minister Narendra Modi said on Wednesday in a clear push for disinvestment and privatization of public sector undertakings (PSUs). The PM made the remarks during a webinar on privatisation by the Department of Investment and Public Asset Management (DIPAM). "It is the government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," PM Modi said. He went on to add, "There was a different time when public sector enterprises were established and the needs were also different." Speaking on the Budget 2021-22, the Prime Minister said Centre's fiscal plan has given a clear roadmap to take India to a high growth trajectory. "There is always scope to reform the policy which was good 50-60 years ago. Now when we are bringing reform, our aim is to optimally utilise public money," he added. PM Modi went on to say, "We cannot continue with public entities just because they have been operational for so long. The government's focus should be on the welfare of society and policies related to people. It sounds like misusing the talent of our officers to keep them in the business operation of public entities." https://www.indiatoday.in/business/story/government-has-no-business-to-be-in-business-pm-modi-announces-plans-to-privatise-100-psus-1772658-2021-02-24