Wednesday, January 29, 2020

Air India divestment is a flawed idea, says RSS trade union

RSS-affiliated trade union Bharatiya Mazdoor Sangh (BMS) has opposed the government's decision to privatise Air India, saying it will impact connectivity to low-profit routes of the country.

In a statement issued on January 28, BMS said that while calculating profit and loss of Air India, one should consider the role Air India has been playing to serve the passengers in many low-profit or loss-making routes. "Privatisation of Air India can have a cascading impact. Many of those airports which will lose the flight may face further crises, many of the emerging cities may face the crisis of connectivity," the statement said. BMS said that no private sector will operate on unviable routes only to serve passengers and connecting them with one another to promote national unity.

"When dealing with the public sector, we should think of the yardsticks we are using for the measurement of the performance. Judging performance of the public sector units solely on the basis of the monetary profit and loss is a wrong practice, as we mentioned above that the aims and objectives of these PSEs are different from those of the private sector enterprises," Virjesh Upadhyay, General Secretary, BMS said.

"PSEs are to serve the nation, to create decent jobs, decent living standards, decent consumption and responsible social behavior. While calculating profit and loss of Air India we need to think of the fact that Air India has been operating many of the low-profit or loss-making routes only to serve the passenger and connecting people with one another," he added.
28/01/20 Joe C Mathew/Business Today
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