SO Musings: Wastage in Public Sector Enterprises
Way back in 1971, Dr B R Shenoy in his very perceptive article titled “Public Sector Wastage” [published in Bombay Pradesh Congress Souvenir: January 1971] unveiled the “picture of waste” of public sector enterprises, which are perfectly valid eve
By Spontaneous Order
Way back in 1971, Dr B R Shenoy in his very perceptive article titled “Public Sector Wastage” [published in Bombay Pradesh Congress Souvenir: January 1971] unveiled the “picture of waste” of public sector enterprises, which are perfectly valid even today. What were the manifestations of public sector wastage? To quote some of the meaningful descriptions of such wastage from his observations then: (a) idle production capacities; (b) unconscionable wastage of materials and accessories; (c) incredible over-staffing; (d) lack of cost consciousness; (e) gross neglect of maintenance of plant and equipment; (f) high cost and low quality; and (g) pressures by politicians and interference by the Ministries. All these features of inadequacies in Central Public Sector Enterprises’ management in India seem to be of eternal relevance!
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First Published in Forum for Free Enterprise- March 2014
Read more: https://spontaneousorder.in/why-bsnl-needs-to-hang-up/
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About Spontaneous Order
A peep into modern Indian history by some of the finest liberal minds, who sought to shred the banality of pseudo-socialism in Independent India. In a country dominated by false political values, which had, in fact, no basis of existence neither in the independence movement or the native soil, SO brings out the dynamics of a political order that could have changed the country forever.