ALL INDIA ESSAY COMPETITION FOR COLLEGE STUDENTS
“GOVERNMENT’S MOVE TO PUMP RS.2000 CRORE INTO SATYAM
- IS IT A RIGHT MOVE?”
The Satyam scandal threatens to tarnish the fair name of Indian corporate sector. Government of India is justifiably concerned about the fall out on the business prospects of Indian I T sector globally and the threat of employment to thousands of persons working in Satyam.
It is reported that the Government is actively considering proposal to pump in Rs.2000 crores into Satyam to bail out this company. While no one would disagree that Satyam should be revived , there can be different views as to whether the Government of India should step in directly to revive the company or facilitate the revival of the company by allowing the market forces to play its due role.
In the recent past, the Government has initiated several steps to privatize public sector units, to reduce the level of artificial support to the industries by reducing subsidy burden etc. So many fertilizer units remain closed in the country and are becoming sick as the Government would not provide subsidy and other form of support to them. Now, why make an exception in the case of Satyam case in such a great hurry ?
Possibly, if the Government would allow the market forces to play its role, several Indian and international corporate bodies with appropriate expertise in the I T field would have come forward to acquire the equity in the company and take it over. This may have revived the company quicker and in a more stable way.
Nandini Voice for the Deprived, a Chennai based NGO wants to give an opportunity to the college students all over India to introspect on the subject and give their views on the Government of India’s move.
Nandini Voice For The Deprived invites college students all over India to participate in this All India Essay competition and send their entry of maximum 1500 words to reach on or before 5th February,2009 to the following address.
The essay may be written in English, Hindi or Tamil and should be sent by post or
Cash awards would be given to the best of ten entries.
For further details, please contact
Nandini Voice For the Deprived
M 60/1, 4th Cross Street,
Tel:- 91-44-24916037 /24961346