The June 2nd Business Standard carried an opinion by Mr A B Bardhan, Secretary of the Communist Party of India, on the question “Should the disinvestment ministry be scrapped?” He said,
Even Lord Keynes would not have approved of disinvestment! Even he believed that there are some areas the government should not step out of. … Disinvestment means privatizing profits and nationalizing losses…. Profit making public sector units should not be privatized for two main reasons. First, because they are major contributors for taxes, and, second, they …