The Swadeshi lobby is hotly contesting the Narendra Modi-government’s move to sell majority stakes in BPCL and some other PSUs, with RSS trade union Bharatiya Mazdoor Sangh (BMS) questioning the merits of the selloffs, which are critical to meet the government’s revenue target.
“Previously, the government wanted to sell loss-making units, but found that no sensible parties are ready to buy them. So, now the new policy is to sell hot-selling profit making PSUs,” Virjesh Upadhyay, general secretary, BMS, said. “It is not good economics. Hence, government has to rethink seriously about its revenue crisis.”
This is not the first time that bodies affiliated to the Rashtriya Swayamsevak Sangh (RSS), the ideological parent of the ruling BJP, have raised concerns over the economic policies of the Modi government.
