There are many public sector undertaking …
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Yogita Ingle 5 years, 2 months ago
Profit-making public sector undertakings are the main source of revenue of the government to be used in special welfare programmes. This enables to promote equality of income and wealth distribution among the public. The PSUs which operate with social motive such as railways, water supply and postal services should be retained in the public sector. However, many PSUs incur losses. These loss-making units should be privatised to protect the financial condition of the government. However, profit-making industries should remain in the public sector only because the resources of these units can be used for developmental activities. The government should retain strategic industries to prevent emergence of any monopoly in the privative sector.
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