VISHAKHAPATNAM : The privatisation of Public Sector Units(PSUs) and disinvestment of government’s stake in them, will destroy domestic construction and production sectors, warned CITU General Secretary Tapan Sen. This in turn will increase country’s dependence on foreign aid, he added.
Sem was speaking at the inaugural of the all-India meet of All India Insurance Employees Association, in Visakhapatnam on Wednesday.
There is no justification to govt selling stake in a big income earner like LIC, Sen said. On the other hand, govt helps private corporates by slashing tax rates, at a time when their liability stood at Rs 5.82 lakh crore in arrears,, he pointed out.
JNU professor Apoorvanand delivered the keynote address. The Meet winds up on Thursday.
