The cabinet committee on economic affairs cleared the decision of selling BPCL (Barath Petroleum Corporation Limited) and 4 other (Container Corporation of India, Shipping Corporation of India, Tehri Hydro Development Corporation and North Eastern Electric Power Corporation) Public sector units. Public Sector Units (PSUs) were established by the govt in India for various reasons like to promote industries, provide employment, promote competition among industries etc. Till now the PSUs act as a social welfare scheme that rescues people from getting exploited by private companies. Also, it employs many citizens providing them with social security . PSUs will pay their employees more than a private concern, provide them with job security etc. Why is it a concern? As we know the ruling NDA govt is a capitalist regime and we chose them to rule. Now here we fight between the ideologies of socialism and capitalism. Constitution of India says India is a Socialist country but we moved toward
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