Most of the government companies have contributed in building this country. If the economy was not open or there was not competition there is no fault of management of these companies and enterprenuership skill of theri management should not be played down just because of the fact that they work in governrment compnaies. LIC and SBI are competing with the private sector players despite the fact that the playing field is not even. These companies still carry so much baggage of social service and foot the bill unlike their counterparts in private sector, who just care about their profits and growth and avoild the rural and poor mass.
Re: Tax
by sanjay khetan on Sep 19, 2008 06:01 PM Permalink
blah blah blah. Even Govt. in interested in Money and hence the high rates of taxes. Pleasse also note that there is a high degree of corruption in govt. companies unlike private sector and hence the Govt. companies make less profit.
Employees get paid more even if they dont deserve it
