Tuesday, December 4, 2012

Close down the PSUs

The PSUs in India are a sad lot. They handle some of the key sectors and compete for manpower at a fraction of the salaries that private sector offers. Given this, they either attract very motivated persons or those who use the easy route of corruption that PSUs offer. Came across a newsletter that makes for very sad reading: http://www.dnaindia.com/mumbai/report_no-invite-psus-keep-from-iit-b_1773081 Apparently, someone has filed a PIL asking why PSU’s are hiring from IITs! In effect, the litigant says that PSUs should offer equal opportunity to all college graduates and not give any preference to any institution. In other words, an engineer from IIT is the same as one from any private engineering college from the back of beyond. So, even if the PSUs want to have any kind of decent quality people, the Indian system will not. Our legal system also is under stress. The PIL was filed over a year ago. No response yet. All the more reason that we get rid of our PSUs without delay. Improve efficiency and let the government pay attention to law and order. Why should the government be in the business of business?

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