: Loss-making govt corporations may be closed: Goa CM #IndiaNEWS #National Panaji, March 10 (IANS) Goa Chief Minister Pramod Sawant on Friday advocated the need to close down loss-making corporations

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Loss-making govt corporations may be closed: Goa CM #IndiaNEWS #National
Panaji, March 10 (IANS) Goa Chief Minister Pramod Sawant on Friday advocated the need to close down loss-making corporations which have become a burden on the government.
We will take a review of all corporations and, if needed, non-performing and loss-making corporations will be closed. It is clear that we do not want corporations which become a burden on the government, Sawant said.
According to him, loss-making corporations are a burden on the government in the current financial situation.
Sawant said this while speaking to reporters after receiving a dividend cheque of Rs 86,20,260 from Economic Development Corporation (EDC) chairman Sadanand Tanawade.
Sawant commended the work done by EDC, and said: It is not only in profit, but supporting the government in many ways by also implementing our schemes.
He said that other corporations should also perform like EDC.
Corporations should be profit-making and self-sustained. Every corporation has scope to do good work, but many fail to explore that scope, he said.
He said that the state-run Kadamba Transport Corporation, which is in loss, will function well after the Budget.
It will not be in loss. We have given them a task to revive the transport system of Goa, he said.
IANS
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