Why did Air India sell?
The Indian government decided to sell the passenger flight and air cargo because they were operating at a loss. The new epidemic has once again deceived a company that has been running at a loss for ages. Why did Air India lose? These are the reasons we need to examine.
How much is the loss of the company? During the financial year 2020-2021, a loss of ₹ 7,017.42 crores was recorded. Air India's revenue for the financial year 020-2021 was `12104.05 crore. 28524.44 crore in the previous year. The corona epidemic caused a huge drop in Air India's revenue.
How the financial security of our family was robbed by the epidemic, as well as the future of Air India was in the balance. A great pandemic devastated the financially distressed family of our family. A similar situation can be seen in Air India. Let us examine it a little more authentically.
A private company does not have to pay their employees when they are not working. Consider an example. Suppose we are going to work for a private company. The company does not pay us when we are not working. Pensions and provident funds are paid in proportion to our work.
But that is not the case with government employees in India. Salary is also available when there is no work. Government employees receive salaries, provident funds and pensions not in proportion to their work. Employees, whether they work or not, receive large sums of money.
These factors led to the emergence of new ideas in
modern Indian politics. The loss of ordinary people's tax money has led to new
circumstances. It created the impression that privatization was better than
wasting tax money unnecessarily. Educated youth in India embraced the slogan of
privatization and their entry into politics led to a new Indian economic
culture.
The realization that globalization has been able to end the hunger of the people of India has given the modern Indian political youth a firm belief that the current economic outlook needs to change. The influx of foreign companies into the Indian economy has created jobs. There was no more famine among the people. Hunger cannot be considered completely eradicated. But the role of foreign companies coming to India in reducing hunger is huge.
An open market is better than a closed market but the feeling is there in the new youth. Better a poor horse than no horse at all. One of the main reasons that led to this was the poor services of government salaried employees. Employees of government agencies were unwilling to deviate from the goal of earning higher salaries and providing poor service.
These factors led to a change in the new generation. The new government view that government businesses should be sold out should be more accepted by young people. This kind of change in the youth of India has also contributed to the survival of Air India.
Did Air India, like other government agencies, provide poor services? Let's check. BSNL is another bad government company that provides poor services. Air India has not yet been able to provide 4g service in rural areas. While other mobile companies are trying to bring the 5g network to the villages, BSNL has been providing the 3G network to the rural population for over a decade. Is this the case with Air India?
The answer to the question posed above is for passengers who have travelled on an Air India Express flight. I am a person who has travelled on air India express. It goes without saying that the service provided is much worse than other airlines.
It has to be generally assessed that the government is adopting the general perception of the people that they are living without working for the money of the people.
Comments
Post a Comment