30 September, 2020

High-Powered Immunity

The state electricity board is in the red, but Basu does little to make RPG-owned CESC pay its dues

High-Powered Immunity
outlookindia.com
-0001-11-30T00:00:00+05:53

"Under liberalisation, the process of the dismantling of the public sector is on, completely reversing the basis of self-reliant development...it hands over virtually free to the foreign and Indian monopolists assets which were created by the people with great sacrifice." —Excerpt from CPI(M) draft political resolution for the party congress in Calcutta

THIS is, of course, totally in tune with the Left view on disinvestment that has been stated umpteen number of times. The draft resolution even calls for mass mobilisation to counter the "dismantling of the public sector". This, when there are widespread accusations that the 21-year-old Left Front government is presiding over the dismantling of the public sector West Bengal State Electricity Board (WBSEB) in favour of private sector monopolist Calcutta State Electricity Corporation (CESC).

Even as preparations for the party congress are under way, the nearly 50-year-old WBSEB faces an unprecedented financial crisis that threatens its survival. It has to...

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