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Government offers 10% profit to power staff for privatization

The UP government is offering 10% profit-sharing to power workers in a bid to gain their support for privatization. “The move comes in the wake of power employees threatening to go on strike if the privatization is implemented. (…) The power employees are still on a confrontational path and they accuse the government of introducing privatization through back door channel for the benefit of select private companies. The All India Power Engineers’ Federation (AIPEF) termed it a 'mega scam’ of government. AIPEF chairman, Shailendra Dubey said that fears of privatization have proved true even before the passage of the Indian Electricity (amendment) Bill) 2014 by the Parliament.”

Source: The Times of India