New Delhi: The issue of bailout of ailing airline Kingfisher got political colour with BJP expressing itself against such "Communist-era practice" while Congress treaded cautiously.
"There is no case for a government bail-out of Kingfisher Airline. We cannot support such a step. The practice during Communist era when the government used to take over sick private sector units and run them at a huge cost and loss to the government has been given up," BJP leader Yashwant Sinha told.
At the AICC briefing, party spokesman Manish Tewari struck a cautious note. "It will be better if you ask the question to the Civil Aviation Minister. You are raising a fundamental issue whether government should take the initiative to bailout a private company or not. In what context the government has taken the decision, he can better explain".
Tewari insisted it was a conceptual issue whether in a market economy the government should go the extra mile to bail out a sick company or allow a shakeout to take place which will ensure survival of the fittest.
12/11/11 Press Trust of India/IBN Live
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