A simple strategy to make the rich richer and the poor poorer. The money that will be earned by private companies, will be taken partly by government as bribes through legal officials and it will keep on circulating this way. Businessmen and officials will party together, most of the expenditure will be on cabaret dancers rather than on infrastructure. The middle and poor class will play the role of zoo animals, who will be seen running here and there, fighting with each other like street dogs by the so called high profiles from the veranda of their alishan bungalows. #newnormal #futureofindia #thenewindia
While the move to privatise PSUs may be hailed as a welcome decision, whether the Govt has thought about the employees of these PSUs who have spent several years in the organisation, reached their mid 40s. Will the Govt secure their livelihoods when the PSUs are sold or will the employees be left to the mercy of the Private Sector player who would not want to retain them. Even if the Pvt Sector players retain the old employees, the working conditions for them would be made difficult so that they quit. The Govt should not just consider shedding old baggage, it should provide a viable option for all stakeholders including the employees
Agreed, But India is a country were only 10% people are in condition to pay higher amounts for the same amount of service.. gov should alao think for them…by any way by subsidy or anything
Nicely written article. Fully agree that Government should focus its money and efforts away from running companies. Instead it should ensure level playing field and appropriate regulatory mechanisms for private companies to flourish. It may be noted ,no insurance subscriber has suffered due to strong presence of its regulator IRDA , similar thing would have been witnessed if we had an appropriate regulator in the Housing sector ( now we have RERA, too little too less ! debatable) . Government should focus on such governance issues instead of running companies.
May be we should go further. Enshrine comprehensive economic rights under Fundamental rights. The govt can’t simply take over the businesses and violate contracts whenever it feels like. This move could generate more confidence among investors both domestic and foreign.
Agreed. India now needs de-governmentalisation. The government needs to focus on it’s core responsibilities and not be running hotels, travel agencies, temples etc.
right to property was one of the Fundamental rights in Constitution. Then Indira Gandhi abolished it in order to take over banks and and land . That is when the mania for nationalising everything profitable — from air india to tea gardens — took hold.
A simple strategy to make the rich richer and the poor poorer. The money that will be earned by private companies, will be taken partly by government as bribes through legal officials and it will keep on circulating this way. Businessmen and officials will party together, most of the expenditure will be on cabaret dancers rather than on infrastructure. The middle and poor class will play the role of zoo animals, who will be seen running here and there, fighting with each other like street dogs by the so called high profiles from the veranda of their alishan bungalows. #newnormal #futureofindia #thenewindia
While the move to privatise PSUs may be hailed as a welcome decision, whether the Govt has thought about the employees of these PSUs who have spent several years in the organisation, reached their mid 40s. Will the Govt secure their livelihoods when the PSUs are sold or will the employees be left to the mercy of the Private Sector player who would not want to retain them. Even if the Pvt Sector players retain the old employees, the working conditions for them would be made difficult so that they quit. The Govt should not just consider shedding old baggage, it should provide a viable option for all stakeholders including the employees
Agreed, But India is a country were only 10% people are in condition to pay higher amounts for the same amount of service.. gov should alao think for them…by any way by subsidy or anything
Very good. It’s a very pertinent question that what the government is doing in non strategic sectors after so many years of liberalisation.
Barring AEC and ISRO, nothing is strategic.
Nicely written article. Fully agree that Government should focus its money and efforts away from running companies. Instead it should ensure level playing field and appropriate regulatory mechanisms for private companies to flourish. It may be noted ,no insurance subscriber has suffered due to strong presence of its regulator IRDA , similar thing would have been witnessed if we had an appropriate regulator in the Housing sector ( now we have RERA, too little too less ! debatable) . Government should focus on such governance issues instead of running companies.
I like Ila’s analysis.
It appears unbiased, optimistic and forward looking.
May be we should go further. Enshrine comprehensive economic rights under Fundamental rights. The govt can’t simply take over the businesses and violate contracts whenever it feels like. This move could generate more confidence among investors both domestic and foreign.
Agreed. India now needs de-governmentalisation. The government needs to focus on it’s core responsibilities and not be running hotels, travel agencies, temples etc.
right to property was one of the Fundamental rights in Constitution. Then Indira Gandhi abolished it in order to take over banks and and land . That is when the mania for nationalising everything profitable — from air india to tea gardens — took hold.