Public sector means belonging to people. Not for personal use.

 "Early last month, a directive went out from the central government to the public sector undertakings (PSUs) owned by it to pay higher dividends and not to wait for the end of the financial year to do so," wrote Vaidik Dalal. "Further, it asked them to consider not just the current year profitability, but also dip into their financial reserves for these dividends." Dalal goes on to make an extraordinary statement, writing, "As the majority owner, the Center is within its rights to do all this." This is to say that laws of business do not apply to the government and politicians are at liberty to plunder any company if they want. Last year, the government forced the Reserve Bank to transfer Rs 1.76 trillion from its reserves to the government. By this logic Mr Ramalinga Raju would have been within his rights to divert money from his company Satyam if he had done it openly. Following this scam, the government passed a law to make auditing firms liable if they fail to detect and report diversion of funds. The Corporate Social Responsibility (CSR) Act requires companies "with a net worth of INR 5 billion (US$70 million) or more, or an annual turnover of INR 10 billion (US$140 million) or more, or net profit of INR 50 million (US$699,125) or more," to spend 2% of profits on social schemes. "The Indian Express reported that RTI responses received by it from 38 PSUs showed that they had contributed Rs 2,105 crore (Rs 21.05 billion) -- 60% of their total CSR spend -- to the newly launched PM Cares Fund," wrote Dalal. Questions have been asked about the PM Cares Fund, about "how it is constituted and managed, how much money has been collected, from whom, and how it is being put to use", reported the BBC. Queries based on the Right to Information Act are refused on the pretext that the fund is not a public authority when money has been raised from the public and from PSUs, which are traded in stock markets. We already have a National Disaster Relief Fund (NDRF) and rightly all the money should be transferred to that fund, but the Supreme Court refused to consider it. In 2012, the then government forced the Life Insurance Corporation (LIC) to buy 400 million ONGC shares at a cost of Rs 126.67 billion, to finance its spending. This government has not been shy of forcing the LIC to buy shares of PSUs which it passes off as disinvestment. As a result the LIC "has seen the value of its holding erode by more than Rs 20,000 crore (Rs 200 billion) in just five major stocks in roughly two years." In September, the Finance Minister announced 'Loan Melas' wherein public sector banks will dish out loans "in 400 districts of the country to boost demand ahead of the festive season". Small wonder, non-performing assets (NPAs) in banks are likely to reach 11-11.5% of total lending this financial year, "the highest among comparable countries". The governor of the RBI expects NPAs to rise to 14.7%. Public sector means belonging to the public, or the people of India. How to make politicians understand that public money is not their's? Without being charged with sedition.