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Online edition of India's National Newspaper Tuesday, April 11, 2000 |
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Opinion
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KGF closure
Sir, - KGF is being closed and thousands of workers being
discharged even though it still produces gold, because it is
uneconomical. One wonders at the logic of economists who remain
silent at the growing government expenditure that is certainly
not economical. The Disinvestment Board is recommending
privatisation of even those PSUs that are showing good profit.
Those that are showing loss are doing so mainly because of
political interference in appointing the heads of the PSUs.
The Government is acquiring huge areas of agricultural land for
the use of corporate interests at a time when food production is
down. By this, not only does the food production decline further,
but it also produces thousands of rural migrants who become
dependent on the urban areas, and increase public costs in terms
of poverty, disease, crime and social tensions. Is this
economical, and if so, for whom?
The Government has created exim zones and put 714 items on the
free import list. This list includes common salt, milk products,
coffee (Kodagu coffee growers are pleading for a minimum support
price), wheat flour, tea and bicycles (both of which we export).
Is it economical? Is it in the interest of the nation to import
Kenwood music systems, golf equipment, Pepsi and Coca Cola, Ray-
Ban products, building bricks and tiles, etc., merely to cater
for a minuscule section of people who can indulge in high
spending, in a country of starvation deaths and illiteracy, which
ranks at the bottom end of 179 nations in the human development
index?
S. G. Vombatkere,
Mysore
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