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Flipkart.com

24 Feb 2012

Public money is not to save private ventures

The editorial asks the government to take a tough stand on the Kingfisher airline debacle.
http://expressbuzz.com/opinion/editorials/public-money-is-not-to-save-private-ventures/366010.html
Pointing out to the operational troubles of Kingfisher the editorial notes, "Having cheated fliers by its unscheduled cancellation of flights and defrauded the government by deducting tax from its employees and not depositing it with authorities, the airlines has lost all ground for sympathetic consideration of its current plight."

And concludes with a simple summary of the perspective government should take, "It is not the job of a government to bail out private enterprises and their survival should be left to market forces. Since they do not share profits with the government there is no justification for wasting public money to enable them to cover their losses."

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