Disinvestment
Why Disinvestment when Profits are Booming?
Mon, 2009-06-29 10:43 — subhanilThe agenda of disinvestment is again in the policy horizon with the coming back of the UPA to power without the support of the Left. This agenda is however a completely discredited agenda as has been argued here.
In a very well written article published in The Hindu, the well known economist R Nagaraj attacks the policy of disinvestment from a different perspective. The article can be found here.
Disinvestment: Revival of Discredited Agenda
''The arguments in favour of disinvestment, either in terms of resource mobilisation or in terms of “people-ownership”, are devoid of sound economic rationale. Rather, the disinvestment agenda is driven by powerful interests; like the big players in the stock market whose fortunes depend on “good news” and the private corporate sector, which wants to escape the responsibility of paying taxes for financing the government’s welfare programmes.''- Prasenjit Bose,Convenor,Research Unit-CPI(M) ,writes for Pragoti.
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