A lot of hue and cry has been raised about P.S.M. having been sold at a throwaway price. Suggesting that some hanky panky has been done behind the scenes. I, as an independent observer, have a different opinion.
1. The privatisation process seems to have been fair and transparent. It the government did not get a better price, for no fault of theirs, they did the right thing to accept whatever was offered. Had they not done so now they wouldn't have got even this price after some time, when the condition of the plant had worsened further beyond repair? So let us be rational and not criticise the government.
2. It is a matter of fact and common experience that at the time of crunch one does sell family silverware at throwaway prices. It is a choice between two evils which one has to make in difficult times. I don't find anything wrong with this and fully agree with the government in their bold and difficult decision to get the P.S.M. privatised at this time.
3. As for the finger pointing by the opposition, they would have done better if they had given concrete examples of any scandalous behaviour by the government and exposed the names of the black sheep in it. I do agree that the government and the bureaucrats are not always clean, but blaming them, without any proof, is also not right.
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