Privatisation: What Does It Really Mean?
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- Опубліковано 3 бер 2021
- Watch full show: • Prannoy Roy, Raghuram ...
"The talk about privatization is actually selling some assets into the private sector; the ones that have raised a lot of hope in the markets are two public sector banks and one of the general insurance companies. For the banks, it would be a grave mistake to sell it to an industrialist," says Raghuram Rajan, former RBI Governor, on what privatisation really means in the Indian context.
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“Privatisation technique: defund, make sure things don’t work, people get angry,you hand it over to private capital.”
Noam Chomsky
This doesnt even make sense. People of public sectors are lathargic and enjoy a job security like nothing else. This complacency is what has brought about the collapse of PSU's or turned them into loss making institutions.
@@gamerslife4me938 yes, that's why reliance and other private oil companies are not able to compete with PSU oil companies.
@@abhisheknair5007 Wow great comparison dude. You are going to bring in the companies dealing in a product which India as a country has a hard time acquiring. Oil is something India isn't resourceful in, has a lot of govt. intervention and is dependent a lot on Macro factors. Govt. companies have no chance against private companies, BSNL, HMT, Doordarshan, Air India etc.
@@gamerslife4me938 okay, Take LIC then no private insurance can hold a candle to it , also it's market share is increasing. Coming BSNL, private ISP are mostly restricted to tier 1 and 2 , where as BSNL operates even in towns. In case of airlines most airlines are operating in loss.
Proceeds of sale doesn’t mean profits. Profit is something that incurs every year whereas POS is once only.
@TJ At first , does it making profits ? 😂
@@Rohit_Pagade96 if you look overall PSU which are BPCL,ONGC,LIC and remove the loss of AIRINDIA and other bad apples they are still in profit. That adds around 50-70k to govt kitty every year in some form or the other. Throwing out bad apples would be a good thing for now.But who will buy is the question as Airline and Telcom are already in bad shapes.
@TJ Correct me if i am wrong, but those companies will have to pay taxes right? So, if they are privatized, there is a chance that their losses will be stopped and government will get tax as well, right??
@@SatyamKumar-ts2jh and the loss of jobs, does private bodies believe in human value?
@@SatyamKumar-ts2jh No because government give many subsidies to private sectors also and many big Private companies eloped taxes and loans
When govt sells gold at copper rate is called privatization 😂😂😂
😁😁
Because the goldsmith is a friend of government.🤣
Remind me of Muhammad Bin Tuglaq.
Don't know nothing and creating meem out of it is our country new culture by modern internet jobless peoples.
None of the PSUs are gold. They are the ones guzzling money coming in terms of tax revenues and producing zero profit and zilch output.
The same public sector enterprise came to rescue economy when there is recession.
Not public sector but govt. Just like in 2008 recession JP Morgan chase, etc were bailed out by US govt. Indian banks are regularly bailed out by indian govt every year the difference is indian banks work at 10% efficiency of US banks because they are govt owned.
@@MAC-vi7fy india is not the usa. It has its unique problem and there will always be indian method of solving them.
@@rk95 Yeah. Keep doing that and keep india poor. Capitalism and meritocracy are the only things that make a country rich. India is poor because it chooses to be poor be choosing socialism
@@MAC-vi7fy capitilized countries are not rich. Ppl are suffering there.
@@devikadileep1309 so according to you Venezuela and India before 1991 was paradise 😂
Our finance minister is the most incompetent minister ever,,and BJP removes this Raghuram Rajan
That's why one of the oldest bank allahabad bank merged into indian bank which is not that large but established by relatives of finance minister
@@me_rahuljaiswal seriously??oh that I didn't know.. seems like they are mocking with Indian economy
@@me_rahuljaiswal there could be possibilities that this govt wanted to totally remove the name "allahabad" from public domain wether it is city or bank.
He resigned
@@sidhujaskaransingh do you have any problem with that?
We have well educated, world's known economist to run our country and our economy, still we people are behind these uneducated politicians. There should be some minimum qualification requirement to become politicians and ministers.
He's a Coward. If he had been a Strong Man he would have Never bowed down against Aristocratic Leaders and Would have Never Resigned.
@Shanur Rahman This is Truth
@@_Megasthenes_ if he isnt being allowed to do what is best , then its better to resign than being puppet of eneducated politicians
@@rajanjha526 Better if you raise your voice than this
@@_Megasthenes_ two governors ( rajan and urjit ) resigned , doesnt it point towards something
Raghuram Rajan should become indian finance minister 🙏.
Your of bjp
@@s.s6435 No sir . I'm nota😂
@@sumanthvarma3739 nota is waste of vote why don't you consider Kejriwal atleast he is educated
@@akhileshsharma2599 I'm just kidding bro😂
@@sumanthvarma3739 bro this is very serious matter I have just cleared banking exam in general category,only I know how much efforts I put and now this news of privatisation really heart broking
In comments every body compare the privatisation with America but in america privatisation is for competency but in india it is monopoly.
Even Nokia once had monopoly
I phone is a monopoly in America
If gvrmt is rgt than there is no Monopoly in India but the gvrmt like BJP and Congress there is Monopoly only
there are multiple monopolies in america Idiot
@@starc_4907 oh modi is also there.
Oh sry I forget that modi also visited usa right right sry i am very sry Idoit I am really sry idoit.
'It is not a privatisation it is raising money by selling something'
This line.
Perfectly said... fundraising
I think it is good to sell the petroleum companies but I don't know why they are privatising the banking, LIC and others.
@@sunilpatra6975 yes..same thing I am saying what's the point of selling banks.. there are many communities who are from financial inclusion ,I have seen and served in those branches where I challenge u know private bank wld dare to open their branch....branches in villages where no road reaches...during my 5 years of banking service
@@sunilpatra6975 because of the bad loans and corruption in public sector banks.and the scandals which have happened. And lot of debts because of bad loans these public sector has bought.
@@rohitkumar-pi4kt brother hath me chot lagne se haath ko kaata ya phir bechaa nahi jataa hai. Govt ko reforms karna chahiye aur aisa steps lena chahiye taaki aage aisa naubat hi nahi aaye.
Even Yes Bank had to be bailed out by SBI. Only then HDFC and ICICI came to donate some money to speed up the recovery process. Private companies won't come for this kind of dilemmas. Even China and European countries have efficiently functioning public sector. Blindly following US will fetch nothing! Those who say privatisation is good should read about Southall Rail Crash in UK in the time of Margaret Thatcher after the British Rail Privatisation.
True. India doesn't have safeguards like the US either. If a bank goes bankrupt in the US depositors are covered upto 1.9 crores in rupees(Quarter million$) . Until recently it was 1 lakh rupees and divinely increased to 5 lakh now in India and it will take decades before you get that insurance money. I had my life savings 8 lakh rupees stuck in the Yes bank. Thanks to SBI I could get that back now. Instead of running the public sector properly, they want to sell it.
The government will have 5 big banks after privatization. I think that will be enough to do whatever you are saying in any case.
True.. why can't government manage it themselves?
They want to sell it(transfer ownership) to make money 💰and loot people 👐🏻
Also we need all talented and educated people like
Sashi Tharoor , KT Rama Rao in politics to run the democracy
Else things will go bad !
Also only educated people must be allowed into politics also conduct tests before they become politicians rather than simply voting 🗳 for an individual and then wait for them to eat all the money 💰
“It is a grave mistake to sell these banks to corporates - who would find ways to waive off their huge outstanding and result in malfeasance” well said Raghuram Rajan. Mind guessing the corporates. More precisely the 2 corporates only
A&A
@@ManishKumar-tw4eb who naam le le
Bas bhikh hi mango wahi aukad hai tum logo ko
@@malavbhayani967 care to elaborate friend ?
( Not sure it is a dig at the post or sarcasm at its best )
@@abhishekbal399modi have ambani and andani congress have tata and ambani nothing change 9 year kid
In New India Privatisation means Hum do selling everything to Hamare do
Modi desh bechne vala gaddaar desh drohi
@@gajendrakolekar489It's ok that you don't like him but he's your Grandfather's age. Show some respect
Chal nikal Dalaal
Privatization brings capital,creates employment,improves the condition and scale of ferms,removes corruption, increases the efficiency of customer care etc etc but you guys won't understand.
@@satishchaudhary7978 respect must be earned and Modi doesn’t deserve it
Miss you Raghuramrajan sir
You and Dr manmohan singh osm work for india
And Dr. Shashi Tharoor also........our country needs sensible and educated people to lead...!!
@@poornimakapoor8996 sensible 😂😂
Piyush Goyal is rail minister today.
It was laalu prasad back in the day.
Speaking English with fluent vocabulary doesn't make anyone intellectual.
Shashi Tharoor is total trash.
@@rightlibertarian8355 then you should give few minutes.....and see him speaking in Britain , boldly asking them to apologize to India for their acts in Colonial Era....also the interview with Al Zareera, etc.. He was a diplomat...and just see he was on verge of becoming President of UN Security Council, just lost from ONE VOTE...!!! India doesn't know his true worth.....No doubt he is eloquent in English...but that just adds to his charisma...not many are moved by it...his intellectual front is enough for us to admire him.
@@poornimakapoor8996 well said
It means richer are gonna keep getting richer and poorer are gonna keep getting poorer
This is one of the most shitty notion created by communists to full fill their political agaenga.
Bcz poor of West Bengal under 34 yrs of communist rule got poorer and poorer.
this is the shitty notion of communist
if a public company is privatized, how does that make you poor?
@@nakul0888 you do know that PSUs are an major source of income for the Govt??? What BJP is doing is like poor people selling their possessions coz they dont have money... While in the short term it may help but in long term money will quickly dry out and of the the major source of income will die out....
And those who are saying this is a communist notion I think they are forgetting that India has one of the greatest income inequality.. rich people are filthy rich and poor people are dirt poor.. and this will only add up to that.. Ambani and Adnani will be more richer while the money that could have been raised from the PSUs and used for the welfare of the public will die out.... think dont just boot lick
@@sonamnechen8733 no they are not, most psu are loss making
The money that will come from disinvestment from will be spent on political banners rather than infra projects.
Govt cannot use money for party purposes. It can only be used for public purposes
@@princebhai2755 , do you have any detail about that where BJP govt spends its PM care funds and Previous Year sanctioned budged? if you have detail please share the link here...
@@rajinderkaur. BJP govt doesn't spend that money. It's central government bhai.
@@princebhai2755 o really!! I was in doubt that in 2021 Bharti Janta Party means BJP is the central government. Thanks for updating. Lol
It used to happen in congress era
Yes that's exactly what Bahadur Shah Zafar thought when he privatized the defence sector to the East India company. 😂😂😂
Agar Britain ki tarah har company aisa karne lag jati to US, Europe (Nordic countries) kabke gulam ban gaye hote! You know, now China is more capitalist than India.
@@entertainmenttelevision2486 china me to democracy bhi nhi hai....to yaha bhi tanasahi lagu karde kya?
@@SATISHPATHAK 😂😂😂😂
@@SATISHPATHAK bro economy ko same krne mein koi kharabi nhi hai mano na mano china is fastest growing economy plus 2050 tk biggest economy bhi bn jaegi. politically china shi nhi hai pr economically china ki strategy best hai
Politics “underestimates “this man🙂
Initially it's good..... After some years.......... This Private companies incresas the price and this governments shouldn't bothered about people....... It's the feature of India... It's notable on book it's my opinion.....tq
True bro
Only if the sector is managed by a single player. Or players form a syndicate ofcourse this always makes a way for new players to come into the market with cheaper products.
Really ? then why insurance are expensive from psu , psu banks are not competitive when it comes to e-commerce offers , why air India tickets are not cheapest ? Government needs to get rid of this sinking hole of taxpayers money , so we can have a better life with more choices and opportunities.
Multiple player in economy without monopoly of a single company is actually good ..free economy ....is needed in india .... privatization is good for economy
@@ghhh9012 aha Air tickets are very costly because the fuel cost is too high in india
Aaj sare indians ko Dr.Manmohan Singh ji ki yaad zaroor ati hogi jab worldwide crises hone k bawjood 2004 - 2014 tak desh ki Economy ko perfectly sambhala tha
Kuch bhi
@@deepaksoni-dj3ov bhai kuch bhi nahi hakeekat hai agar koi doubt ho tho GDP growth rate chack karo last 20 yrs ka sirf beard badane se GDP nahi badti desh me kaam bhi karna padta hai
@Prince Yadav ha ha ha extream level of andh bhakth
@Prince Yadav congress ke time me koi 1-2 kiya hoga lekin modi ne adani ambani ko hi sara desh bech diya tum andh bhakt ho tumse ye bolneka koi fayda nahi tumko jab angrezo ka zamana phir se ayega na tab samjho ge
@Prince Yadav abey andhe private hone se acchi nahi hoti uska rate double hota hai andh bhakth i am sorry bro ur completly brain washed tera kuch nahi hoga i feel so sorry for all the andh bhakth
"Are you ready to create a mega private bank??"
BWAHAHAHAHA
jio bank me apka swagat hai
No , Reliance bank
Already
Hdfc bank is already bigger than reliance industry in terms of market capitalisation.
@Harshdeep Singh it doesn't matter if hdfc comes or other bank..it's psbs which is base of Indian banking...
@Harshdeep Singh HDFC is most corrupt bank its market capitalisation is even larger than SBI but it terms of Assets HDFC is a puny bank in front of SBI.
He is the one of the best RBI governors..
Ganta best iske time inflaction bhut high tha
Yes you are right
Best of the comedians 😂 useless governor
Previously In NOTE- BANDI and GST , GOVT. Was having no planning any strategy. And now also They have no Plan and road map. It's just do this and take the taxes. 🙏🏻🙏🏻
From 2011 UPA gave more more loans to indians companies to boost economy... Ended up being NPA... And that responsility to NDA govt... Now NDA want to remove non performing sector to sell stocks to develop under Private... All plans were great decisions but poor implemented... But india economy will grow faster than china...if we boycott china.... Now india reduced import from china.. 80billion to 50billion... But can't expect it will increase soon after pandemic.... We need to give massive importance to industrial plants..
Stop Privatization
Rightly said Sir R R. In PSB everyone are very much profession and just they needs less intervention.
Stop privatization public sector bank
laavde performance pata hai public bank ka !!
Sabse pehle private karo bank ko to.
@@sonaligera1026 which bank give services in village rural area.. which bank gives mudra loan.. kishan credit card or kishan loan .. how many private bank branch in rural area.. please try to understand it's India 80% in proverty line
Huge difference in thinking of educated person and uneducated chaiwalas 🙏🙏
Uneducated persons and educated chaiwalas ??
Ye samvidhan ka asamman hai ki aap ek chay, dudh, cheeni bechne wale ko taunt kare.
Dont underestimate CHAIWALAS they study life better than educated
Chaiwala should be an educated chaiwala...why people are happy that chaiwala is still uneducated?? Chaiwaala should also be educated and then he houl be allowed to become P.M or C.M
But in reality chaiwalaas have better experience of people understanding then padhe likhe gawar
I agree with former R.b.i. governor, privatisation is not solution of our great democracy
" Psu's shouldn't be sold to industrialists as freedom to lent self entities is dangerous " , mark these words by Rajan sir >
the risk is borne by the group themselves, it is like taking your money from one pocket and keeping it in the other, taxpayers will have nothing to lose
@@ankitmehrotraTheHitchhiker brother a bank is run by deposits of normal people , our deposits are only transferred as loans ,
so precisely taxpayers will have everything to lose. :)
@@ankushBanerjee2002 private banks tend to have less NPA and give away lesser bad loans, also customers tend to put their trust in good private banks, so it is the industrialist/businessmen who lose money due to their bad decisions. Meanwhile taxpayers have to bail out or keep running failed psu banks and units
@@ankitmehrotraTheHitchhiker brother you are taking this in the wrong direction , rajan sir just pointed that banks shouldnt be given to industrialists with reason , he isnt against privatisation. What r u talking about ?
@@ankushBanerjee2002 But then to whom should the banks be sold? sorry if I missed it in the video
Such talented people need india but india doesn't respect there knowledge due dirty politics 🙏🙏🙏
Hindi m likhne m sharm ni aani chahiye
@@negizone9185 तुझे अंग्रेज़ी नहीं आती तो दूसरों को हिंदी मत सीखा। ये अंग्ररेजी वीडियो ही है, तू अंग्रेज़ी वीडियो यहां देखने क्यों आया जब अंग्रेज़ी नहीं पसंद?
Nothing is coincidence. R$§-BJP is working so hard for this since past 6yrs. First, bring the economy to its knees. Then push for private players. Specially their favourite two.
Same two are fav of congress.
Whosoever has money Becomes favourite irrespective of bjp/ congress.
We need to support msme.
@@raj-nz4bj Actually BSNL was your major Mobil network in UPA, but now it's jio which is a private company, and BSNL is in shambles , it was one of the first to bring 3g but after NDA till now bsnl 4g has not been launched, isn't it all done knowingly.
And all the ports and airport are sold to adani but if the government have to sell, it should have been sold to a number of corporation but Govt. Is selling to one pvt. Player which creates monopoly , And totally shows that govt's intention isn't good.
@@besayan2764 well said bro👏👏
@@besayan2764 instead of pvtisation of psu, govt could give the facilities within these psu on lease to pvt players so that they dont have to invest huge money in creating manuf facilities from scratch. Atleast 25% of psu can be leased out to start ups as well
@@besayan2764 bsnl employees are kamchor. Looks like you never had one connection.
Hope those useless leaders will not sell RBI one day 😂😂
🤣🤣🤣
Only RBI can stop this but unfortunately it going to associate this Privatisation process. The day is not too far when RBI will be called Reliance Bank of India. It is very painful to see the power of central bank has been cropping day by day
@@anweshachatterjee7995 why? I mean ...
No it's not possible... RBI is central bank uska Kuch nhi bighad sakte
It only means in microeconommics that "sarkar mharo sarkari naukari ka sapno kha gayo".
@@varunkamath6644 agr tu sochta h private m corruption nahi h tou ek brainwashed h.
Aur agr tu deceive krne k lie ye cheap argument diya tou pure pakhandi hogya h.
Reservations should be removed from all sarkari jobs
@@nishantnimish7825 Social & economic conditions should be made equal before removing reservations.
*Even India gets subsidy in international trades for being developing country. Developed countries don't. *
It's quite abnormal what's being fed into the minds of the upper castes ppl about reservations.
@@varunkamath6644 Lolz, kitne modis ko tackle krpae? Private sector m corruption ko hi legalise kra lete h. There is not just monetary corruption but mental/character corruption.
*Even East India Company was technically a private venture who stole massive wealth with no sense of crime at all*
@@varunkamath6644 kya logic hai .
Private companies ultimate target is making profit, companies will not work on employment, but govt says that it will create jobs in the market... Sophisticated🧐
Why don't woke youth want to work in PSU.. Toxic culture, cannot hire/ fire based on performance, babus having no accountability becoming CEOs
But then profit creates wealth and when national wealth is collected whole nation benefits....
@Play to win agreed... And eventually only the private sector create employment in the scale that is needed by us..
@Play to win why? specifically...
I will give an example. I work for hdf* company in actuarial team. Whenever there was a pricing exercise we had to always benchmark our pricing to sbi and psu banks. The tendency of Pvt banks is to charges exorbant rates to the customers in the name of service charge etc. Our loans interest rate fd rates all depend on how psu banks price as it's the benchmark. For e.g take lic it's the benchmark in the industry. No Pvt organization can charge high price because lic is provided subsidized prices and benefits are also better considering per capita income of everyone. When everything is Pvt there won't be any hurdle for banks to charge whatever they want. It's like a mafia where all this Pvt banks will sit and decide to increase the prices. We are doomed post that.
Well said sir..but majority people is not understanding this
Privatization will take place at the cost of public's money. Because all private players will take huge loans from Banks. Layer mess up the business and declare them bankrupt. So huge loan money will get vanished.
Private banks will be much less likely to give bad loans to other private players, and the people who'd actually lose if those banks lost their money are the investors, and they are liable for legal action. We have already seen public banks give out bad loans to mallya and nirav, and when they run away, our tax payer money bails the bank out and the manager who sanctioned the bad loan hardly gets any punishment, maybe a transfer or at best, a resignation. Private banks can be held accountable by law and taxpayer money doesn't go into it.
@@sanatu2529 means a bank knows beforehand which private player won't run away with their money or which one will make profit or which one is in loss?
@@samanwaysanket12345 they will audit the company and be be stricter about payment schedules and probably keep some collateral. They're not likely to give anyone their money if they feel they can't pay back. Because if they lose that money at the end of the day, its their money and reputation that is on the line. Unlike how things will be in a public bank
So you need to check on data where the private company taking from private bank or PSU BANKS
Then incidents like Lehman brothers happen?
Privatisation should come with open markets, competition control and strong rule of law.
Unfortunately India is not yet strong in these ends.
I have one friend who is preparing for SSC exam, we asked him why he is not preparing for UPSC, so his answer was because it is very tough, so as you are also saying the same thing, if we are not strong at those things that you mentioned, shouldn't we try at all?
@@custodydrama9693 The comparison is grossly incorrect. You can't compare/explain complex economic structures with something as easy as a choice or mentality.
We can definitely try and probably should try privatization but we should first strengthen the base before constructing a skyscraper or else everything else will collapse.
But seeing our government's track record, I don't think it has good foresight or enough planning in hand. See demonetization and sudden lockdowns (See migrant labor crisis) for example.
@@aayansh3919 I agree with you, but there are people who are saying we don't want Privatisation at all
@@sudarsanareddyrss why should not I agree?
@@custodydrama9693 yes we don't want privatisation at all actually the govt they are selling govt plots and public sector to MNC's so that govt will no longer control over public sector and plots so MNC's will manuplate according to themselves and it affect us the "commons" when the inflammation touches the sky "PRIVATISATION OR CORPARISATION" these are just labels that PAID MEDIA programmes our mind actually the govt are selling these to ELITEMENs and soon when govt run out of assets and companies then govt will PRIVATISE our kidneys,liver and heart to them 🤣🤣
They never think about the future of the employee, job seekers, lots of educated unemployed youth are looking for a job security in banking sectors, they destroyed the future and aim of the job seekers, less vacancies, less jobs in bjp govt, it creates only stress for the unemployed educated youth.
Public sector bank do work in priority in ground level..in rural area..not private sector bank that work..
Raghuram is a PM material. All qualified individuals are sitting idle while most of the gundays are making laws in India
Correct
Haha😂😂 Nobody knows about him except the educated-english elites in the country. But definitely deserves a portfolio.
True
he lives in Chicago
FM , PM, HM Agriculture Minister , Industries , Telecom , Railways . These ministers will not get a 10000 rs job in any company , aur yehan desh chala rahe hai , yah bigad rahe hai .
When private bank like yes bank becomes bankrupt, some one went from govt bank to make it functional. Then who is right and who is wrong ? Private or govt banks ?
@Mdfk Starboy still none of those psb faced a similar situation as PMS and Yes Bank where RBI had to impose withdrawl restrictions. Get your facts right ok!!! Most of the huge NPA that you see in PSB is because of corporate loans forcibly recommended by GOI at some point and also due to poor and backdated recovery policy created by that same GOI and RBI.
@@arpanb89 because psus run on tax payers money
Government has to use huge money on recapitalisation of money from tax which also impacts economy badly
Yes,there are risks like yes bank but isn't icici and hdfc bank also private
We should have 4 psus banks like china and make them much efficient like SBI
Too many psus are a hindrance for both growth and economy
We have 350+ central psus and 1400+ state psus which is huge
This is also one of the reason for less efficiency of psus
@@amantiwari4987 the whole damn country runs on taxpayers money not just the psu. Which includes a life settling package of any minister in India. Now if you want to compare everything with usa and china then why not have a look at their politicians lifestyle and the perks and privileges that they get being a minister. Even the top most minister in their cabinet has a low key lifestyle than someone here in municipality or panchayat. And if efficiency was a parameter being a part of govt then ri8 now we are not good enough for almost 15 political parties in our country who are in power across all the states. Do you cast vote after comparing the efficiency and qualifications of candidates? Coz if we all do, then I assume not more than 15% of votes would be cast at all.
@@arpanb89 If you keep voting for BJP, other political parties will die sooner or later. They'll no longer be able to raise money from businessmen if they never win. 😁
@@arpanb89 lol when u guys cannot debate u change the topics
Tell me any country with 1800+ psus like india
By the way CCP leaders enjoy a cherish life until they go against their own party
Selling old assets for funding non sense projects is not correct.
They are selling family silver to buy day to day groceries.
Bruh this government has many falts but it's infrastructure projects are completely are amazing, check out the Dedicated freight corridor.
Private news channels r against privatization of banks.
Let's nationalized all news channels, media in india.
Rightly suggested by Rajan Sir, PSBs needs structural changes. Every time selling public assets is not favourable action. Privatisation is a gradual process.
Those public sectors are real jewels to government.
These sectors are there whenever there is recession or economic slow down.
These sectors also help the smaller businesses to grow and attract investment.
But this has been a well planned mechanism to first weaken the PSU, downregulate the economy, bar certain PSU from entering into contracts and make them incur losses, when all this is done, now start ranting about privatisation, free market, "government has no business in business", " Loss making PSU ", " White elephant, lazy employees " etc etc etc.
Completely agree
Employees are lazy indeed
@@kbshrivastav8539 try being an SBI PO for a day😴
@@BrawlerDoge sbi ones are mostly lazy ones
He didn't favour privatisation, he said
1. Must improve governance to public sector bank
2. Bring in more professional to run public sector Bank
3. Give the board of director of the bank the authority to hire and fire the CEO
4. then take away the governance, make this public corporation run in public interest own by public rather than government.
The implication was to sell them eventually after improving the standards of psb
I don't know... Y gov is nt taking.... Advice or suggestions to these kind of people... Indian... have so many jewls in economics.... We need a well structured economy... Youth r die....they r begging jobs...... So many manpower. Still non is of use
Uneducated dumb folks think thrt are the best what else can we expect from these leaders who havent studied During Manmohan singhs regime whole word was struggling 2008 recession and India sailed off smoothly
Matching perspective feels far better than critical thinking and then we create heroes who match our perspective and are known on a large scale.
BJP take advise from their favorite business man
They do. There's a thing called "chief economic advisory or PMO". These are the people who suggest all the bills, budgets. Politicians only decide if to implement or not.
@@rishabhjain7543 Then either those advicing people are dumb or they are too intelligent to loose their jobs😂
If Government capture is good then Why North Korea is poor and USA,Europe is rich.
Lol.there ain't any difference between two ?
Why china is growing so fast
@@rajneesh6009 because of privatisation. China did privatisation in 1978 and see today its. More developed than India
@@anishkumarsah3815 abey gadhe...china me koi business man ka naam btao jra
@@rajneesh6009 Jack ma,Ma Hua teng,wang Jianlin❗❗❗
Irony is these both people will send their kids to a country where Privatisation is already existing since ages! And evenly they will settle there too!
Yes coz every country is different. USA is successful due to privatization doesn't mean it will help india as well.. US President takes press conference everyday.. what about us ?? O conference in 7 years ?? Why not to compare every aspect. What about Labour laws ?? Employer can't force workers to work more than 45 hrs a week in US but in India it's more than 60 hrs a week.. What about payment structures.. lot of things are there. Just don't compare US and India only on privatization.
Because in India they pay you pennies.
While in other countries the wages are good
Bhikhario ko kya samjha raha hai bhai.. ye log dynasty family business ke talve chatne vale paltu gulam kutte hai.. jo inka leader Mandbuddhi Pappu bolega usi tune par bhonk na shruru kar denge.. ye wahi deshdrohi chamche hai jo jio je 1500+ tower ke destruction ko support kar rahe the.. knowing very well that jio is the reason Huawei is not in this country.. Huawei hasn't been able to come in india becoz of jio. Jio is strong Compitition to huawei..
@Harshdeep Singh that's happening only because they have kept education inaccessible by raising it's cost and thereby maintaining good demand and supply.
Tech companies prefer H1Bs to save some money which they would pay extra to a local American.
USA doesn't have equal pay for equal work.
Bro, What to do with their personal affairs rather we should be worrying about our country's economy...
"When u can't grasp reality then do personal attack..."
Thats the reality has become now a days in country"
Now 2-3 idiot will come, & teach me about nationalism in diff way😂😂
I m ready to learn🤣🤣😃.
Modi ji says that...सब बेच दूँगा कुछ नहीं छोड़ूंगा।
Bechns nai kehte ise moorkh
@@StockInsight. yes bro
sarkar ka kaam dhandha chalana nahi hota hai
@@curiosapien itna infrastructure kisne majboot Kiya h??
@@uditraj6518 Weak argument. Jab asian countries 10% grow kar rahi ti... to india was growing 3% average. Aur ab puch rhe ho 3% kisne badhaya...
Privatisation of PSU for 2 poorest farmer Ambani and Adani.....good move by Modiji.....Modi hai to mumkin hai
Tere paas paisa ha to bid krde na.. Kya tuje mana kiya ha khreedne se? Ya sirf adani ambani ke beech me hi bid hoti ha??
The state from which you are coming has sold port to Adani @₹700 actors recently.Hope you are aware and also knowing who are in power.
Say whatever you will about modi, sitaraman is very bad finance minister. She needs to be replaced.
Ok provide a good reason for this???
@@Rudrapratap0000 gdp has been decreasing since 2018 before covid 19
Ya nimmu tai is the best..what do you say macha
@@vishakhprakash203 so if the gdp grows now then that credit should also be given to her then??? Correct
@@vishakhprakash203 cause gdp will grow like never before,,ascending starting from now
Privatization is dangerous. Indira Gandhi nationalized banks so that govt. earn revenue. If banks are not generating profits structure has to be changed. Selling govt assets is the most insensible thing and nobody has the right to do this. Moreover privatization of banks does not guarantee security. Yes Bank is gud example of this. Here govt is keen on making Ambani's and Adani more richer. BSNL was flattened in few days. BPCL is on the way to go in hands of RPL. And nobody knows how much profits petroleum companies are making per liter.
Public sector bank need strong law rule regulations
The suggestions given by r.r. rajan sir is the most effective way to strengthen the PSU banks.these terms are actually very much effective in long run.this is good for public and also for the government.
Instead of privatisation we should look for improvement in the public sector.
Why government is handling businesses anyway. It's better if it is given over to private parties. More competition, more innovation.
@Freedom of speech it's the same today. Most businesses are still owned by government and private parties are not allowed! Plus the government is led by a fascist party who doesn't like critisism!
@Freedom of speech you are wrong. I'm a Christian. And I actually support BJP because it is better than congress. But make no mistake. It is a fascist party!
@Freedom of speech It's funny your profile name says freedom of speech when freedom of speech in India is not that great.
@Freedom of speechThe basic characteristics of a fascist government is the oppression of people who opposes them. In our context after the current government came into power, sedition charges rose to a historically new high. But the amount of convicts is very law. It is clear that BJP government is misusing the law to shut any opposition.
There's no free speech in India. Free speech by definition means the right to say what you want. Here people can file case and punish anyone if they feel like they are offended. That's not free speech.
Raghuram Rajan Sir is a stuff of pure depth in knowledge with an Integrity
If you don't do anything to uplift the living standards of the general masses and privatize everything, how is it going to help the country. Our average income for they year 2019-2020 was 1.26 lakhs which is like 10000 rupees income monthly. If Railways and State busses becomes privatize, do you think they will offer at a cheap price? Not everything should be cheap or free but the masses should also have to be in a position to afford it which btw looking at the current trend where the poor are becoming more poorer ,it is highly unlikely if rights steps are not taken.
Jio cheap h ya jio se pehle net cheap tha...madarsa mai padhte ho kya
@@divyansh1442 laudu net cheap main milna sirf India main nahin pura world main bhi cheap main milta hain. Thoda facts bhi check karlo. Rahi baat Jio ki toh sarkaar se madad leke sasta karke Airtel, Vodafone ka customers cheen liya aur jab market main akela player ban gaya tab phirse rate badha diya. Yahi toh hain capitalism aur privatization. RELIANCE fresh main 30 rupees/kg ka rice aur 15 rupees ka onion milega kya?
This is not privatization but a boost to monopoly and causing unnecessary inflation
RBI Khali, LIC Khali kar Becha, Indian Oil, Railways, Airports, Lands etc. Ab jab sab Private ho jayega, tab Reservation Hatane ki Zarurat nahi padegi. Kyuki Sab Private Gulaam ho jayenge.😂😂😂
Private gulami nahi mehnat karke kahenge kamse kam 45% se bhi less lakar to nahi naukariyaan lenge
Masterstroke 😜
@@desistylechannel8781 Bolna Aasan hai. Abhi Employees ki jo lagi hai private sector walo ki. Wo jante hain.
@@desistylechannel8781 beta ah tu yeh bolra he .. time dekh tu kuch opposite bolega!
@@saurabhrana6459 to bina time dekhe tum kyun bol rahe ho
Bhaiyo aur beheno, ache din aane wale hai.................
😂😂 swarg me he aaege
Isse bechna nhi khte bewkoof...
@@uditraj6518 robot ho kya
National social vale ...aukat me reh
Dont comment on some one like that
Bjp giregi na ...tb tera jaisa logo ka fatega
Our economy is not ready for privatisation. We need enterprises controlled by govt to serve the nation. Why the hell private sector will think about poor and middle class people of our country.
Stop privatisation
Without manmohan singh,raghuram Rajan,urjit patel india will never grow
Achha achha.
Hmm
Ha inse pahle to to rahe the sb
Jese ki yeh Bhagwan hai na bharwe? Baki Sab toh bewakoof hai? Lol
Ramaligaraju, vijaymallya ,Neerav Modi, anilambani, ,coalscam of Congress, spectrum scam raja and kanimoli, same N D TV involved in praising failure companies , sujested Satyam computers. Years together.
I am sorry...but why does this (and other ndtv videos) feel like they were recorded around 2010
Information matters not entertainment 👍🙏
@@dilrajsinghshergill550 yeah, totally!!...was just wondering about the reason, that's all !
@@Mr-tq2xf ya brother
@@dilrajsinghshergill550 yes you said truly
PSUs are excellent asset class for short term traders...
As a Congressi supporter... I really support privatization but when was Congres doing same then BJP was protesting against it.
Bhai inn political parties ka kaam hi aesa he, jab opposition me rehte he toh ruling party sab policy ka oppose krte he wether it's good Or bad, for example: jo farm bill abhi BJP ne pass kia he congress uska oppose kar rhe he, jbki khud congress ne pehle iss farm law ka oppse kar rhe the
Haaiiii ??
Dhruv in his podcast mentioned that Congress was buying many companies which were making profits, like you can consider Air India that was brought from Tata.
Its better if Air India is privatised and sold to Tata, because they can better manage. We trust on their management. Air Asia and Vistara are truly splendid, which is possible only because of Tata management
@@rittizbaishya1332 EXACTLYYYY
@Manikant Bindaas, So stop judiging on such politics propaganda. These will take place, and will continue to (even in future)
Just be bindaas and chill out 😂
Privatization in this country is at times failing because we have adopted policies of china and russia and we want to become like Usa...private players will grow only if people has power to earn and spend on private sector...and 70 percent of capital is in hands of 1 percent population.Firstly let people get the basics then automatically private sector will boom but here its opposite.
It isa Banana republic type economy.
@@gkmr1544 can't agree more
Why does the Gov think only private players can pull up the economy? Isn't state bank of india an example of pvt bank and still in a huge profit?
It is the governance of psb that is lacking...that shoukd be the motive of the govt to improve.
Iss bar bjp saaf
kuch Bhi
Dream on😂
Yes
We support will support...the more librandous will hate him without any reason the more he will be loved....
Bring some facts.... Support privatization remove reservations and decrease corruption...
Most of the corruption is done by govt. Employees
The time and money u put to clear govt. Exam 1-5 years or more... Improve skills and be inovative...10k Posts and 10 LAC applications... Still u people don't understand we need inovataions not just jobs...creat jobs we have 70 crore+ educated youth use them to inovate I am sure we will have new patents every hour
They are strategically disinvesting 100% in VIZAG STEEL PLANT lol, Now the plant employees are on roads exactly like how farmers were all these months, NOW, I'm waiting for Kangana to give these employees a dangerous name like usual.
i think that plant has been in the loss right
@@rajmakala9104 I think unemployment is all time high. So is it time for disinvestment in this government 🤔
@@rajmakala9104 goverment can earn around 1lakh crore by selling vizag steel plant lands itself disinvestment for bjp means selling diamonds for egg rates vizag stell pant worth 2lakh crore selling it for 33000 crore if some company buys it why would they run steel plant instead they would sell the land for villas thus they would get 3 times more profit
People in that plant don't work till now, but once private , they will not pick up flag of china communist
Privatisation is not an option. It is political greed of bjp
I don't know too much regarding economy and privatization, But yes I know very well that Current FM Sitaraman Ji is not a good candidate for this post.
Worst Minister ever in Central Cabinet
Giving loan without any check...and who knows better then raghu sir
I won't be surprised if our nation gets sold off in the name of privatisation😁😁
People like you'd probably be the happiest if that happens
selling countries is impossible.
Government staff will do that if they get their salaries increase.
Indian Bank needs to be privatised. Has the shittiest service I've ever experienced.
what about central vista project ??? is this the right time to fund such project ?
Stop bank privatization and save country.
probably both these gentlemen does not know that our industrialist along with poltiicans have been taking money out of the public sector bank and most of the chairman were in payrolls of the feared industrialist. Indirectly does it mean we sell to business men from abroad ; so they are going to serve india by buying these banks
How did you got his contact?
Thinking of my future generation about jobs and livelihood
They can sell tea and pakodas
@@sunilaggarwal9729 yes... I'm graduating this year... have already booked a nice place in the village's centre to sell them
Itna problem hain toh
Pakistan jao
😀😁😂😁😀
1 stop answer for Muslims & their concern!!!!
@@skarmale170 They belong here bro..... just because Nepal has all hindus , it doesn't mean we're Nepalese right.... in the same way, they're not Pakistanis...
@@skarmale170 And i always feel all hindi speaking people are Pakistanis and muslims since my childhood... i don't know why......😂
R.Rajan,one of the best RBI governor.
Unfortunate that channel like NDTV didn't take up issue of job losses at psb due to privatisation with the former RBI governor.
Which bank and insurance comporationare they are talking about
Privatisation means develop all the infrastructure by the govt at govt expenses through the budget and then hand over the 5 star completed infrastructure to his dear friends A&A free of charge!!! The people of India are blind!!
Inefficient companies should be sold not the one which are generating good profits!
Who will buy the inefficient companies. Everyone here are just to make money. If it is generating something then you will invest.
@@bgangavathi Do you know about Sterlite it was government owned aluminium company I don't recall its original name it was loss making company which was brought by Sterlite and they turned it in to profit making one
@@NG-lm8kw sir it was BALCO which was a loss making comp. Govt sold 49% to vedanta (now sterlite)
@@bgangavathi Ya correct!
Why people can't realise that if public entities will become privatised then how will poor people afford services even middle class people can't afford private hospital then how can govt expect people to afford pvt railway ,lpg,Lic,bank which are basic need. If PSB will become privatised then how people will afford minimum balance. Because in most of the pvt bank minimum balance is 10k how poor people will able to maintain that much. We are in India where majority population are poor so we can't follow totally capitalisation. We need organisation for upliftment of the poor.
Who will believe govt. on privatising banks. To whom will they handover the bank's without the consent of depositors. Will there be any auction like procedure?At the present scenario if they handover banks to industrialists, they will in my opinion do their business with public money.
Corporates can't own bank in India
No govt jobs for Indian youths. Dark days ahead.
No .
Bro please stop thinking about individuals, start thinking about the indian economy
@@reet4894 screw the economy who cares individualism is the way.
WHENEVER B.J..P GOVERNMENT COMES MEANS CAPITALISTS GOVERNMENT. WHILE CASTING OUR VOTES WE FORGET AND FACE MISERIES. ALL INDIA EMPLOYEES SHOULD GO TO EVERY B.J.P. M.P AND MLA TO STOP PRIVATISATION. EVERY EMPLOYEE MUST BE UNITED.
@Aman Singh why are you so triggered.. chill ....
Feels like they added the questions later, on top of a strech of Dr./Mr. Rajan's point of view
I am waiting for question..
Happy 2 know about it
...
Never again bjp
But illiterate people will do 😡vote
Because they even don't now their power
@@nagarajukambala1876 truth. Ppl dnt even know wats happening. Bjp has created a hysteria. Only Jumla nothing else
Indeed.. no bjp ever
Thar might be your wish, many has their own views that this the best govt after Indira's if not on par.
Yes
Ndtv brings Raghuram for discussion. Republic TV brings Ramdev!! That's the difference..
just compare their property .Then answer who is really minded raghuram or ramdev
@@naturelover1080 That’s a very vague example . If that’s the case Dawood Ibraahim would be one of the most learned person
Instead of privatisation of banks, we first need to properly corporatise these banks and make them more professional.
Audio is not clear guys.
If BJP rule india another one time it will collapsed all sectors, it happens
Bjp bina soche smjhe y decision le li h is mudde pr koi charcha nh hui ki iske future effect kya honge or announce kr di sidha. Failed govt.
What will be the source of Non tax revenue post privatisation. CAG report stated that around 37000 crores was contributed in form of dividend in FY2019-20. Has govt got some plan to fill up this vacuum or taxation rates will be increased to compensate and cover for lost revenue receipt .
Studying hard to get a govt. Job. Main target was to get into a bank. and finally when I got a job this govt. Decides to privatise my bank. Where will we middle class people with middle class dreams go?
Very rightly said what a learned man speaking those in simple terms 👍 we have managed to throw him out and we are dumped with garbages out here 😡🤬
Learned man??.. He is a professor.. Didn't get an economist job anywhere else in the world
True true.. Instead of creating a robust system for the pubic sector where the policies and SOPs are very effective., the govt is selling the public run industries to private.