Sunday, Sep 25, 2022
Outlook.com
Economy

Only Commas In India

Policy decisions are on hold, investment decisions deferred - and the costs are mounting

Only Commas In India
Only Commas In India
outlookindia.com
-0001-11-30T00:00:00+05:53

The Vajpayee government may be pushing ahead with disinvestment in Indian Airlines (IA), but that doesn't worry the prickly staff of the national carrier. Confident that nothing can be done by a caretaker government, all the seven IA unions have generously postponed - their strike till the new government is formed. Which means calendar 1999 is safe for flying IA.

The IA staff are just part of the two lakh workers who are under the Damocles' sword of disinvestment and restructuring, a threat which has now receded by six months. The government had worked out a voluntary retirement scheme for 30 psus proposed for disinvestment/joint ventures which would affect 20,000-30,000 workers. All these jobs too are safe for now.

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