Govt pushing profit-making PSUs for strategic sale: CPI(M)

CPI(M) today attacked the government for pushing some sick PSUs for strategic sale, saying the move was aimed to service the purpose of “big corporates” and not

CPI(M) today attacked the government for pushing some sick PSUs for strategic sale, saying the move was aimed to service the purpose of “big corporates” and not to promote ‘Make in India’.

Members of the Congress and Communist Party of India (Marxist) debate during a mock Parliament session as part of a protest against demonetisation in Siliguri. (AFP)

The ‘destructive design’ should stop as privatisation of public sector undertakings (PSUs) will end the reservation for scheduled caste and scheduled tribes, it said.

Raising the issue during Zero Hour in Rajya Sabha, CPI-M leader Tapan Kumar Sen said the Centre was on a “disastrous selling spree” of well-functioning PSUs in core and strategic sectors of the economy.

Stating that privatisation of PSUs was aimed at severely weakening the economy, he said “In reality, the purpose is not to promote ‘Make in India’ and your (such) slogans are fooling people. The purpose is to serve the big corporates.”

Maintaining that the economy as a whole has been thrown into an auction mode, he said “While making high decibel noises on ‘Make in India’, in reality the government has been targeting most of the profit making PSUs for privatisation through strategic sale.”

Niti Aayog has already listed 74 PSUs for strategic sale, while some profit making organisations have already been pushed for advanced stage of strategic sale, he added.