Business Daily from THE HINDU group of publications Monday, Jul 30, 2007 ePaper |
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Government
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Politics Industry & Economy - PSU Markets - Stock Markets
Our Bureau New Delhi, July 29 The CPI (M) has said that the surplus fund available with central public sector enterprises (CPSEs) could have been used for infrastructure projects and social sector schemes. Describing the use of public sector funds to make speculative capital gains in the stock market as a reckless step and wastage of public resources on socially unproductive investments, the party Polit Bureau said the “Government should find better ways of utilising surplus funds of the CPSEs in productive activities that generate employment and serves the interest of the people.” “The UPA Government seems to be more interested in fuelling the stock market boom by using public sector surpluses,” the party said.
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