The Protection of the State Resources Bill, a Private Member Bill moved by CPI(M) MP V Sivadasan in Rajya Sabha on Friday, demands that the right of land, be handed over to the Centre by the States or Union Territories for establishing Central Public Sector Undertakings (CPSUs), should remain with the States if the Centre privatises CPSUs. The Bill asks for the concurrence of the State for privatisation of CPSUs.
Dr. Sivadasan said in the Statement of Objects and Reasons of the Bill that ever since the neoliberal reforms were undertaken in the country, the assets of the CPSUs were sold to private players. “Many of the Public Sector Undertakings have been the result of the whole hearted support and cooperation of the respective States in which they are functioning. The States of India have always reacted enthusiastically to the prospect of having a CPSU established in their respective States. As a result, the States have willingly shared their resources for the establishment of these Public Sector Undertakings and the primary contribution has been in the form of land,” Dr. Sivadasan said.
