Author:
Publication: Organiser
Date: September 15, 2002
RSS spokesman M.G. Vaidya spoke
to Organiser on RSS' views on the disinvestment issue. Shri Vaidya said,
"In principle, RSS is not against disinvestment because we don't approve
a socialist model of economy in which there is governmentalisation of all
means of production and distribution". He added that there must be a role
of government in the economic sector. On the other hand, the Government
must have full control over the strategic sectors like Defence Production,
Railways, Atomic Energy, Oil, etc.
Regarding the Government policy
on disinvestment, Shri Vaidya raised few questions such as: Should those
industries running in profit be privatised and the Government revenue be
transferred to the private agencies? Can we ensure that by obtaining 25
to 26 per cent shares, the private company will not be able to control
the whole industry?
India's experience is that big financial
houses with just 20 per cent shares are in the full control of the industry,
the RSS spokesman pointed out.
On fixing the reserve price, he
asked whether it would be disadvantageous to take into account the market
price of the enterprise instead of only the share capital. "Are we careful
not to create new monopolies by transferring the ownership right to the
highest bidder," he wondered.
Shri Vaidya lastly added "Are the
interest of the employees employed in the disinvesting Public Sector Units
(PSUs) adequately taken care of?"
(FOC)
