It is an undisputed fact that government owned enterprises ie. PSUs incur huge losses and
bleed cash, resulting in a colossal waste of public funds. Bankrupt government owned banks
wherein the government has pumped in over Rs.10 lakh crores by way of recapitalisation in
the last fifteen years, and Air India with accumulated losses of almost Rs.50000 crores, as
also the loss making BSNL/MTNL, which now need a fresh investment of over Rs.84000
crores are not the only examples of loss making PSUs, which devour public funds. In FY
2018, the combined losses of 71 other PSUs totalled Rs.31261 crores and this loss making
saga continues. #PSU #BSNL #NarendraModi
Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
