My View on UTI’s Fake 50 Year Celebration
Many things stated here are true. But, it is also a fact that absence of professionalism in management caused the slow and steady deterioration of the functioning of a public sector organisation. Wrong persons found their way to top positions in UTI with ease. The institution was ‘destroyed’ from within. Some financial management experts should do a case study of the rise and ‘fall’ of UTI. Even the Unit-64 Scheme is worth studying. That scheme was also ‘destroyed’ by not bringing in innovations necessitated by changes in the environment in which it was existing.
Many things stated here are true. But, it is also a fact that absence of professionalism in management caused the slow and steady deterioration of the functioning of a public sector organisation. Wrong persons found their way to top positions in UTI with ease. The institution was ‘destroyed’ from within. Some financial management experts should do a case study of the rise and ‘fall’ of UTI. Even the Unit-64 Scheme is worth studying. That scheme was also ‘destroyed’ by not bringing in innovations necessitated by changes in the environment in which it was existing.
- M.G.Warrier
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