The Romans’ version of stoicism is rapidly picking popularity on Instagram — Marcus Aurelius, Epictetus, and Seneca are some names that get thrown at you when you fire up your screen.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
If i was in PM Modi seat, i would have privatised each and every PSU, banned trade unions, hung union leaders, implemented hire and fire policy, banned reservation, stopped freebies subsidies to man and machine from length and breadth of bharat
Public sector undertakings may be cutting a sorry figure but they are essential for the growth of the economy. The golden rule is, ‘Establish a public undertaking. The day it goes red, sell it’. Development of infrastructure cannot be left in the hands of Private sector alone. American model will not suit India. We have to copy China. I wonder what happened to the idea of joint sector.
An idea who time has gone, a quarter century ago. The only PSUs which have real value – apart from land banks, which helped NTC pay off its workers and debts – are in oil and coal, because they received vast natural resources on nomination basis. Where a PSU competes on a level playing field with the private sector – think of airlines and telecom – its market share is being nibbled away. As an asset category, the PSBs – 70% of the banking sector – are in terminal decline, many of them bankrupt, their inability to lend will constrain growth. Many thought Maximum Governance, Minimum Government was actually politically correct shorthand for privatisation but the government seems to have no appetite for reform. India awaits the Alexander who will slice through the Gordian knot of the public sector.
If i was in PM Modi seat, i would have privatised each and every PSU, banned trade unions, hung union leaders, implemented hire and fire policy, banned reservation, stopped freebies subsidies to man and machine from length and breadth of bharat
Public sector undertakings may be cutting a sorry figure but they are essential for the growth of the economy. The golden rule is, ‘Establish a public undertaking. The day it goes red, sell it’. Development of infrastructure cannot be left in the hands of Private sector alone. American model will not suit India. We have to copy China. I wonder what happened to the idea of joint sector.
An idea who time has gone, a quarter century ago. The only PSUs which have real value – apart from land banks, which helped NTC pay off its workers and debts – are in oil and coal, because they received vast natural resources on nomination basis. Where a PSU competes on a level playing field with the private sector – think of airlines and telecom – its market share is being nibbled away. As an asset category, the PSBs – 70% of the banking sector – are in terminal decline, many of them bankrupt, their inability to lend will constrain growth. Many thought Maximum Governance, Minimum Government was actually politically correct shorthand for privatisation but the government seems to have no appetite for reform. India awaits the Alexander who will slice through the Gordian knot of the public sector.