India

Initiative to sell assets before company

Some time ago it was being said that the government would sell Bharat Sanchar Nigam Limited ie BSNL. BSNL has almost gone bankrupt due to the policies of the government, but by starting its 4G service recently, the government has indicated that it will not be sold. The government has also invested some money in it. But even though the government is not selling BSNL, but the process of selling its properties has started. Along with BSNL, the government is also going to sell the properties of Mahanagar Telephone Nigam Limited (MTNL). Modi government MTNL BSNL

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The government has decided to sell the assets of these two companies worth about Rs 11 hundred crore. Information about this has been put up on DIPAM’s website. The government is going to sell properties of BSNL Hyderabad, Chandigarh, Bhavnagar and Kolkata worth about eight hundred crore rupees and MTNL Mumbai worth 280 crores. Think, how desperate is the government to sell public assets that it is raising money by selling the assets of a moving company. Has the government become so short of money and needs money for day-to-day functioning? If so, then the government should tell the country. The country is being told that India is becoming the fastest growing economy and the foundation of the economy is very strong, then why are the land, flats and other properties of government companies being sold?

Shivam Bangwal

Shivam Bangwal is an India-based Entrepreneur. He is the Founder of Successful Startups like Youthistaan, People News Chronicle & Branding Panther. Shivam has done his Master's in Computer Applications.

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