Their vehicles were also made to run for the ministers and the Govt. officers for visits to their places of interest so that they could tell their children and grandchildren which tourist places they had visited when they occupied those high offices. Needless to add that breakfast, lunches and dinners etc. were also arranged by the PSUs.
They also provided staff to the Central Government departments concerned for doing the work of the department.
Result was that the PSUs were soon getting into red and due to rationing, quota and licensing systems and the losses suffered by the PSUs, the economy of the country was ruined by the government of India.
By selling the PSUs, the Govt. of India could also reduce its staff dealing with PSUs and save expenditure. Department of Coal, Steel, Mines, Fertilisers, etc. could be abolished.
Then there should have been no license permit quota Inspector Raj and let the Private sector compete with each other in the case of mining, etc. The Land Acquisition Law needs to done away with and let market forces guide the cost of the land to be purchased by industrialists.
All the subsidies should have been withdrawn and everything should be guided by market forces. If the Economic Reforms were truly implemented then the Government could go in for building rural infrastructure which is so necessary for implementing healthcare and education by investing the money got from the sale of PSUs and money saved on expenditure on Govt. staff dealing with PSUs which would no longer be required.
Then educated people who were healthy would have been produced in abundance to take the country forward.