The government is like the mi🧸llstone that hurts PSUs. Its demand for dividends is unrelenting and the pressure on PSUs to go beyond their primary task to serve the fanciful projects of the government increases🧸 by the day. Diversification and consolidation based on their business logic are denied. Interference has reached a truly dysfunctional level that threatens to undermine the organisations of even worthy PSUs like NTPC and ISRO, says Sebastian Morris.
