Cover Story

Undermining public sector

Print edition : February 05, 2016

BHEL employees take pledge on the company formation day in Medak on January 1, 2015. Photo: Mohammed Arif

Prime Minister Narendra Modi at the Rourkela Steel Plant before dedicating a 4.5-million-tonne expansion at the plant to the nation, on April 1, 2015. Photo: By Special Arrangment

Steel Authority of India Ltd's Director (Personnel) H.S. Pati during a visit to Salem Steel Plant in Tamil Nadu in November 2014. Photo: BY SPECIAL ARRANGEMENT

Neyveli, May 1963: Prime Minister Jawaharlal Nehru at the 600-megawatt thermal power station set up with Soviet collaboration. Photo: THE HINDU ARCHIVES

January 1, 1962: A stamp commemorating the first public sector oil refinery near Guwahati in Assam. Photo: THE HINDU ARCHIVES

Economic liberalisation has steadily corroded the public sector, allowing private players to acquire valuable assets at low prices and demand extraordinary concessions, but this predatory exercise will have severe ramifications for the workforce and national progress.
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