WE NEED STRONG PUBLIC SECTOR IN INDIA AT LEAST UNTIL 2050 (COOPERATIVES / SOCIETIES ARE INCLUDED)

 

WE NEED STRONG PUBLIC SECTOR IN INDIA AT LEAST UNTIL 2050 (COOPERATIVES / SOCIETIES ARE INCLUDED)

1. Retention and Revival of BSNL/MTNL as reported by the news cited below (The Hindu News of 27-July-2022 updated on 28-July-2022, the link to the news given below) is welcome and appreciated. Indian Telecom Sector cannot be left to Private Sector alone for reasons of Long Term National Need for inclusion of Rural Hinterland for development and for National Security. Better understood late and acted upon now for BSNL/MTL, than never.
2. In parallel, unfortunately the entire public in India are getting into quiet mode and nobody even from the Expert Community is raising head to say that Privatization of Public Sector Banks in India right now, is not in National Interest. It is boiling down only to the few Employees' Unions of the Public Sector Banks who are struggling to resist it, while there is a strong force working to sell off some public sector banks, at least two of them, which is in regular news. If negating 1969 Bank Nationalization becomes the driving purpose, it is not in good National Interest. A professor (of Indian Origin) from USA who could not even sustain in the NITI Ayog of India (Former Name: Planning Commission) for more than 2years and ran away to USA; along with another from NACER, both have published a paper recently recommending for sell off of All Public Sector Banks in India (*except SBI as that payer says), that paper written by the both is, extreme, terribly unfounded and undermining India's National Interest in the current times, really that view is not-acceptable, it has been in the news recently. Not a single Public Sector Bank should be sold in India right now. The Professors of our IIMs/IRMA, looks like, have forgotten their pens to write in National Interest now a days (they used to do quite a bit of it earlier), very quiet and may be scared of their jobs now. In such a case if no opinion is able to emerge inside India, the Directions will come from USA based Professors as I mentioned above not in the best interest of the people of India. In fact, if anyone asks my honest opinion, I would say that the present situation in India; rather demands in the other way, the two big Private Sector Banks such as ICICI Bank and HDFC Bank should be Nationalized and some smaller public sector banks should be merged with them to correct the situation in the right direction instead of selling two Public Sector Banks as being reported regularly. I am aware, some or more people will not like this view, however this view exists, it is deserved and it can be proved flawlessly before the right ears. There is more dirt in Private Sector Banks now, than the Public Sector Banks. RBI is not able to open mouth and tame these big Privy-Banks; as they feel they are too big to fall. The realities are different as being seen from the surface. If everyone becomes scared to say the right thing in the National Interest, it will not be sustainable.
3. India needs 100years from its independence (counted from 1947) until 2050, with a Strong Public Sector presence(Co-operatives and Societies included) and privatization should not be hurried up even by amending laws in force, out of skewed sights of the think tank instead being balanced, as is being pushed from some quarters.
I am the same person, if I am appreciating action of retention/revival of BSNL/MTNL and I am not appreciating the sale of Public Sector Banks or its Privatization right now, there are strong reasons for it, and my views are balanced. We have very little ear now to hear the genuine expert views. The ears are more inclined to hear the expert views that are more for appeasing the decision makers' thoughts and mind, that should not be the way in a democracy in the interest of the people; divergent expert views need to be respected to be sustainable.
What I am writing in this post in a balanced view, if I would like to publish in public media even it will not happen, I have experiences, the public media is also so much tilted now.
Anyway, the decision of Retention/Revival of BSNL/MTNL as reported in the news below at last, is appreciated. (BSNL/MTNL will also be one entity finally, that has been in published reports; right thing to do).
Link to the said News Item of The Hindu:
https://www.thehindu.com/news/national/cabinet-clears-rs-164-lakh-crore-bsnl-revival-package-ashwini-vaishnaw/article65689638.ece
P.S. ... The Honourable Parliament of India is in monsoon session now. I hope and believe, at least, some thoughts may flow there in this line.

About the Author : Dr. Nimain Charan  Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 36+ years of work experience in both  industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.

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