PRIVITIZATION BY ANY OTHER NAME REMAINS A PRIVITIZATION

Congress started a disinvestment of public sector enterprises in 1991.Later,BJP led NDA government created disinvestment ministry.During 2004 to 2009 ,Congress could’t carry out this process further and had to put aside privatization of national assets due to its dependence on left parties who tooth and nail opposed neo-liberal regime introduced by Dr.Manmohan Singh as finance minister. Now,after being back to power at the center UPA 2 ,having received huge monetary help from private co-operative sector during last general elections ,is initiating disinvestment of PSU’s with a new tag ,’people’s ownership’.Another fanciful term is ,’Participative Development’. PSU’s ownership is with the government ;present government has never acquired this.People’s ownership of these public sector enterprises has been entrusted to parliament through the elected representatives of people of India .’People’s ownership’ is a newly coined blatant lie ,an it is in fact a disguised privatization in a gradual manner .The following table will give a better picture . Share holding of BHEL : Govt. of India - 67.72% Foreign institutional investors-17.03% Mutual funds-5.14% Insurance companies -3.83 % Corporate enterprises- 3.86% Small and retail investors-1.92% Almost similar is the status in NTPC and other blue chip PSU’s. Now the government is making 120 crore people backed Indian parliament subservient to share market so as to sell off national assets to chosen few.What say ?