What if government is privatized in India?
What if government is privatized in India? Hii friends, have you ever thought of this?
1. What if there is no government in India?
2. What if the government is itself a private body?
3. What would India be if controlled by private body?
In this post, let’s see what could be the scene around, if we all would be under a private body. Just imagine. Yes, there are many prospects to be discussed, but I would like to discuss some of the points which I feel may have immediate impact.
Now, why we are discussing this weird topic? It’s just a discussion on what is right or wrong. If a company fails to perform or even not, is selling it good only for failed policies and less cash? Instead of reviewing the policies and finding where it went wrong, your chosen people decide to sell.
Then in same logic, the government to be sold to private hands? ha ha that may not be the case, but for debate sake it is right. Please read the post till the end and do comment and share your views, points you would like to see here updated.
What if government is privatized in India?
Expected 10 good changes
- No politicians but businessmen in the Parliament: It’s not bad till the business policies are good for all and not for few. Thank God, no more false promises and actings for votes. Rather all would think about business and that would improve our financial condition.
- Fear of efficiency: All forms of workers and job holders have to be efficient and honest against being penalized strictly.
- Land, electricity and money savings: The entire land, bunglaws, facilities can be converted to high end tourist lodges and the new state of people trying to run the state shall reside in flats. Huge savings.
- No police, only Army: No more unfit fats around security business. Only people with good IQ and healthy physique shall be eligible.
- When you are into business only, you are only in development mode, whether it be IT, automobiles, pharmaceuticals, engineering, intelligence, astronomy, power, railways, transportation, oil and natural resources, security, medical services, education, etc.
- May be no powerful bureaucrats but good bureaucracy: I mean to say no more power of the chair but do job of the chair.
- Safer environment: That means, people would feel more safer against thefts, dacoity, rapes, or any crimes, etc. As the rules would be daring strict and with good business plans you have work for all, none left for crimes.
- Strict Law against proven crimes and faster judgements: When you know you are not a government employee, you have to work hard and give right judgement instead of dates.
- Medical and education services: This may be the best of all times and people would avail services they deserve as a citizen of this country.
- Effect on GDP: The GDP would probably shoot up like never before and it will be a win-win situation for all.
Expected 10 bad changes if government is privatized in India
1. If businessman hands doublecross country for money? This is very important.
2. There may be no normal farmers: Only a handpicked creamy layer having all modern equipments shall control the fields and we have to pay high prices.
3. Price hike for all commodities. India being a country of more than 1.3 billion people, a negligible price hike in regular or daily consumable requirements, shall yield billions of rupees daily.
4. The businessmen controlling the country must be well administrative to control mobs and maintain proper law and order on regular basis. If not, conditions may turn like Syria in any part of the country at any time.
5. There may be chances of exploitation around by lowered facilities and salaries and too much strict rules which may affect the health of the citizens.
6. Health system: The prices may see huge hike. Already private medical services are on hike. further making the total system private may take it to another level of medical corruption.
7. Education expenses: Private eductaion expenses are too high in India and when the string is fully released, it may touch the skies. Even now, Indians can not afford the expenses, what would be the case then?
8. The army or governing body may always try to put things in their way irrespective of rules and laws. Now there is no “government” to control “private”.
9. Controlling body: As the controlling body is privately owned, no fresh faces would heir, only the business family members shall hold the positions. So, it may be unlike democracy and rather a rule.
10. Disaster management: Even the disaster management may be chargeable and not selfless body. This would make things chaotic during any form of calamity.
So, private or government?
When the government plans and thinks to privatize government institutions, people affected though the decsions feel why the decision makers are not privatized.
It means, if any profit making or loss making government or semi-government body is planned to be sold to private hands seeing results, then why similar actions are not taken when a government fails to keep it’s commitments.
Privatization may be beneficial for the growth and sustainability of the state-owned enterprises. Some say “Privatisation is good for economy in the long term as it’s competitive, efficient, consumer based and always constructive to develop” while some think
“Privatization should be a small part of the economy while the major stake must be owned by the government for overall up-keep, interest savior, security and law and order first and then overall development.”
So, What if government is privatized in India?
Some common questions and answers on privatization of government stakes
If you search the net, you shall find some important FAQs. Let’s see some of them.
1. First disinvestment in India and why? It began in the year 1991-92, with 31 selected PSUs disinvested for more than Rs. 3,000 crores. In August 1996, the Disinvestment Commission was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs. That time it was planned as government had no money.
2. When did privatization start in India? India went for privatization in the historic reforms budget of 1991, also known as ‘New Economic Policy or LPG policy’-‘Liberalisation, Privatisation, Globalisation’..
3. Which companies did current government plan to sell? As much as Rs 1.75 lakh crore is being targeted from the sale of government stake in firms such as India’s second-biggest oil firm BPCL, national carrier Air India, largest shipping line Shipping Corporation of India Ltd, helicopter services company Pawan Hans, IDBI Bank and Container Corporation of India, etc. in coming time.
4. Why PSUs are thought to be privatized if doing well? Previous privatisation was a huge success. The seven Maharatnas—BHEL, Coal India, GAIL, Indian Oil, NTPC, ONGC and SAIL—which comprise one-third of total PSU asset, are collectively doing better than private companies of similar size.
Then why government plans to sell it's stake in PSUs?
People say, a government has many PSUs in it’s authority and control as these are giving good returns to it. If government would help, make good policies and plan properly, then only sky is the limit for the PSUs. but from early 90s, we have seen that these PSUs have been only used to provide immediate cash to government by selling the stakes to private parties.
It’s more dangerous when PSU banks are said to be privatized. that might mean, you have no control over your money. So, we don’t know where we are moving and what is our future?
This is said to happen when the government policies fail to perform, nothing is boosting economy, the government may not have idea or time for waiting. Then they take immediate decisions for the PSU stake sales and try to encash the money and hide their failures. It’s very simple, if a company fails, you privatize it, therefore if a government fails, why not privatize it instead of listening to bogus blame game politics. What’s your say?
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