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@ Pradeep - There's no redemption for BMTC, or any of the other govt service providers. The simple answer is competition, privatisation, outsourcing. Those who have problems with these ideas, may fiirst want to read this blog before commenting.

As far as bus services are concerned, the answer lies here.
 

@ Pradeep - I don't know if you read the entire debate in the blog I had linked. If yes, and you still maintain that God alone can save this country, let me tell you that God bothers only with those who are prepared to help themselves. Just electing a government and expecting it to do everything for you, I am sure, God doesn't view as helping oneself. The people, the public, have to "do it", as the "nike" ad says.

But, the word public in "public sector" is a mis-fit. The public sector, as we see in this country, are largely private coteries, in the control of a minister, a few babu's, and the unions. There is very little accountability on the ground, though it is all supposed to be there on paper. And, the erstwhile MMS government has shown us how they all can be hijacked merrily to serve private ends.

As compared to that, see how the fluctuations in the value of its shares, over the past six months (and, continuing), made the Infosys management respond to the moods of the large sections of its shareholders and come up with quick decisions. Infosys type companies, if you ask me, are the proper "public sector" (unfortunately termed "private sector"), accountable to the public (shareholders) at large, apart from SEBI, Registrar of Companies, and various other government agencies (in fact, far too many), all of whom keep a close watch on them. Yes, some have got away with various kinds of misdemeanours at various times, in spite of all the checks and balances; but, that's all because of the interference by the likes of a "A Raja". If the government discharges its functions, viz facilitation, regulation, and control (where essential), properly, they will by and large do a good job, and take us to the pinnacle where we ought to be.

In fact, can't you quite see that, in telecom, civil aviation, banking, insurance, and such services (and manufacture of goods), which have been opened out to competition from private sector, we are up there already? Or, do you believe in this?

The RITES report on CRS funding feels that railway contractors and suppliers can be part of the project either through the Equity or Debt Route.

Whilst, they should not be barred from subscribing to the issue through an IPO but there should be no special privileges accorded to them while alloting shares or bonds.