Opinion - Letters to the Editor   

NLC disinvestment

This refers to the Centre's proposal to disinvest 10 per cent shares in the Neyveli Lignite Corporation and National Aluminium Company. Disinvestment of a part of stocks in successful and profit making PSUs is not a good strategy, even if it is to fund social sector projects. It is indeed a prelude to eventual privatisation. Similarly, employees striking work to oppose disinvestment is not desirable either as it will also harm public interest. Disinvestment is a larger issue and not one that concerns the employees alone.

Y. Collison,
Chennai

* * *

The Centre's move, for whatever purpose it may be, is like killing the goose that lays the golden eggs.

K. Srinivasan,
Tiruchi, T.N.

* * *

The proposal to offer the divested shares to NLC employees is sound. I see no reason why the staff should reject it outright. The argument that the employees will not be in a position to pay huge amounts is true. But NLC can arrange for bank loans for employees as was done by most PSUs when they offered shares to their employees. The staff should call off their strike immediately.

R. Murali Kumar,
Chennai

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

A flawed process
The jatropha opportunity
Avoiding an unequal social bargain
Meeting ground in the mountains
A "peacekeeping" mission goes wrong
Only a U.N.-led process can halt the Iraq catastrophe
Return of mining raises hope in Congo
Corrections and clarifications
Mumbai floods
NLC disinvestment
The agrarian crisis
Welcome move
On legal education
World Cup football

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu