"Still, it is hard to believe these deeds of EIL or soak in its rich history when one enters its towering headquarters at Delhi's Bhikaji Cama Place. Every nook and corner of the building reminds us what EIL actually is, a bona fide PSU, those lumbering giants playing catch-up with nimble-footed private rivals"
Why would any governing body that wants welfare of its society get into micromanaging of industry? Especially when everything ranging from efficient system delivery to policy making is in crises.
I have worked in one such venture in more then half of a decade asking the same question to myself several times. I will be repeating the off beaten outcry of business pundits to gloss over the functioning of PSUs. But all through I have felt this several times that It would be much simpler and better if a public welfare state lives literally by its name.
May be the answer lies in the inherent bureaucratic liver control that our system has since its inception. After-all, Liberty reduces to one of the most popularly used hypocritical word that everyone talks about but very few actually want to give away! Apparently we did started on this journey back in 1991 but argumentatively that was a desperate step to save the collapse of one fifth population of the world ( Indeed successful one) with the help of already applied economic models that worked for the other world half a century away at least in the beginning of modern state evolution .
I have my own apprehensions about long term success of these models though..the evolution shall continue...
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