Chandrashekhar the Great
SHRI CHANDRA SHEKHAR : Mr. Deputy Speaker, Sir, the reply given
by the hon. Minister is very satisfactory. The performance of both Air
India and Indian Airlines has been improving and these have started
earning profit instead of incurring losses. However whether the hon.
Minister can give the rationale behind the proposed disinvestment of
both these airlines? You cannot deny it that the Government is not willing
to sell these companies for I have, with me, a letter supporting this
claim. I know that the opinion of the Cabinet is not in consonance with
the opinion of the hon. Minister. The same is the case with hon. Shri Ram
Vilas Paswan who had spoken before me. He is willing to undertake
reforms and improve the functioning of the department of
communication but he is not being given free hand. I would like to know
from the hon. Minister as to whether he can give any assurance to the
effect that the Government do not intend to undertake the
disinvestment of the profit earning Air India and Indian Airlines?
SHRI CHANDRA SHEKHAR : The ‘Modern Bakery’ was sold when it
was earning profits. Now it is incurring losses. Whether the same story
will not be repeated in case of Air India and Indian Airlines? Wherever
this kind of privatisation has taken place in the world, the private
companies have caused the share prices to plummet and hasten the
doom of the organisation and ultimately end up buying the remaining
shares which were in the hands of the Government? Whether the hon.
Minister, Shri Sharad Yadav, will learn any lesson from the disinvestment
of ‘Modern Bakery’ and “BALCO”?