Thursday, June 02, 2005

The BHEL saga : Why is there a Huge Noise?

Recently the Indian Government made the decision to divest its 10% shares in the prestigious BHEL (Bharat Heavy Electricals Limited- a PSU). Following the decision is a huge cry over government not fulfilling its promises of giving employment to the masses. Also the Left parties have been saying that governments decisionis not supported by them.
Well people in BHEL are in a state of shock and disbelief.... If govt can disinvest BHEL, a navratna, then who is saved. They feel threatened by the fact that if privatised the new owner will kick out most of them. Well let me tell you their fears are correct. Reason: most of these are lazy guys who just come to office or factory for the sake of it and receive salary on their attendance, not the amount of work done by them. In Hindi there is a very beautiful phrase for them Chor Ki Dadhi Mein Tinka meaning one who has done wrong wil be scared. This is not the case of BHEL alone, all the PSUs have the same story.
Now comes the question why is Left supporting them? Well what people forget is that the left's agenda has always been to have all the men at a equal position but is it possible?? When nature has not made all equals how can humans make them so? Check out China , rather the only success story in communism (so it appears to be) , there also all kind of divisions are there-- rich and poor, educated and illiterate, powerful and powerless.........
Another thing which Left is not thinking about : " Is Government suppossed to be doing business or building Infrastructure and finding ways to make people's life better??". Looking at the results of the companies (which have been disinvested ) after and before disinvestment will make things more clear. Some people will say but it has benefited the rich more than poor. But why do you forget that it has had good effect on the living conditions of even the normal employees. who gets bonuses if the company performs well?
Left's answer to this but check out by how much have they reduced the workforce? So dear Left Parties why will they keep people on their payroll who either don't have work to do or who don't do the work? And by the way no one was kicked out . People were offered VRS.
Net Result? compnies grew more under private hands than government. same people perform better under private hand than Govt. Thier lifestyle changes . Living standard becomes better. And at the end Indian Econmy grows.

1 Comments:

Anonymous Anonymous said...

communism may not be a problem as such for a developing economy. its undoubtedly the most scientific form of politics. Even today the theories of Karl Marx hold true when applied to the last bit. And the USSR debacle was not because of faulty socialism but the enormous freedom russians got suddenly which they didn't know how to handle. it was entriely the fault of Gorbachev.

Wednesday, 08 June, 2005  

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