-- *Mar**The Vital Role of the Public Sector Undertakings*
Cost and Income are the two sides of a coin. Your cost is my income. In the case of profit making units the costs will be less and the incomes will be more. That deficiency is met by the loss sustaining units. If there are profit making units, there will be automatically loss making units. The loss making units render the vital service needed by a society. If profit or loss to the society as a result of the activities of a unit is also included in accounting, then in terms of the credit they get for the vital service they give, they turn into profit making units. The services they give are today not accounted for at all and they are scandalized as burdens to the society-the wonderful public sector undertakings of India. The Socialistic Pattern of Society envisaged the commanding heights to the public sector. Making a commercial profit was never the objective of those units. The objectives were missions and not commercial profit. They were not envisaged as parasitesthat make profit at the expense of the society. True to their mission they gave employment to large numbers of people. All those employees, with their families enabled the creation of schools,colleges,universities,institutions of learning, shopping bazaars,hospitals,workshops,professions like Doctors,Lawyers,Engineers etc.If these services they are giving are quantified and credited to their profit and loss accounts, they will be showing gigantic profit. The services of missionaries are not quantified as they cannot be quantified. It is like quantifying your Bhakthi for your God. The Public Sector undertakings created Modern India, not the profit hungry parasites. The PSUs are the breathing apparatus of the modern Indian Economy. The vital breathing they give is not accounted for at all. And they are to be handed over to the parasite private sector!!!!! The great depression of 1929 will be nothing compared to the abyss into which the death of the PSUs will bring about. YM -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CACDCHCK%3DQFUkZJLbGTPgBKVH-s39cJwFw7YjsVTNoCN1RgfoBA%40mail.gmail.com.
