View: https://x.com/ReviewVayu/status/1935987817328324623
If I'm not mistaken the IMRH project has been seeking finances since slightly more than a year now . People who've been tracking this project , please feel free to correct me .
CCS approval is still pending post which actual allocation of funds happen. As of now the tweet describes the present state of affairs.
All those arguing for Pvt Sector participation , this is the present reality. I'd love to know with the present state of affairs which Pvt Sector entity would sink in their own funds ?
Arguably this is also one reason among several GoI isn't privatising HAL or a good number of our DPSUs .
Please note by privatising I don't mean selling it off merely taking off government control where the CMD / MD has to approach the babooos in charge for every minor or major issue. That reduces the former to a mere figurehead.
Instead by privatising ( for want of a better word ) you instill professionalism in the set up whereby you can demand accountability unlike what it is now where there's no such thing.
The babooos can function as a government nominee on the board of directors representing the government's interests ( majority stake should be with GoI ) . CAG can continue auditing these entities . Any fraud or financial misappropriation should be prosecuted with those responsible being made examples of.
If there's no such provision for privatization or autonomy in place , GoI must bring in such legislation else it risks killing the golden goose much like how the former OFBs are dying.