Bengaluru: Privatisation inevitable for development of nation - Nirmala Sitharaman


Daijiworld Media Network - Bengaluru (MS)

Bengaluru, Feb 22: Union finance minister Nirmala Sitharaman opined that privatisation of public enterprises, which does not perform satisfactorily, is inevitable in order to make them function efficiently.

Sitharaman was speaking at the seminar on Union budget organized by BJP economic cell in the city. She further said, "There was a time when India was seen as a country with shortage of fundamental infrastructure. The union government is trying to put an end to this notion by following the 'Antyodaya' thoughts of Deen Dayal Upadhyaya.

"Through schemes like Ujwala, Ujala, Swanidhi, Jan Aushadi and Kisan Samman, the union BJP government has given priority to resolve the issues of the poorer section of the society.

"Under the Ujwala scheme already eight crore poor people have got free cooking gas cylinder connections. Under the present budget one crore more poor people will get this facility.

"Though banks were nationalized in 1969, poor people did not get any special benefit because of it. Now the poor people are getting the real benefit of this scheme because of Jan Dhan programme, where Aadhar number is linked to mobile number,” she said.

Convener of economic cell of BJP Sameer Kagalkar, advisor Vishwanatha Bhat, co convener Karan Javaje and invited representatives were present.

 

 

 

 

  

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  • Anilkumar, Mangalore

    Wed, Feb 24 2021

    It is not privatisation. Right word is Ambanisation or Adanisation.

    DisAgree [1] Agree [1] Reply Report Abuse

  • Honnappa, Byadagi

    Tue, Feb 23 2021

    Modi and his bhakts were asking what congress did during its 60 year rule. But do not have shame to sell 300 public sector companies to run government as this government has no money to run the government.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Melroy C.F.Fernandes, Mangalore

    Mon, Feb 22 2021

    The government has only 3 functions in a civilised society: protection of law-abiding citizens from the law breakers ( functions of police and judiciary); protection of the country from external threats (armed forces); creation of infrastructure for the common usage of all citizens where privatisation may have conflicting interests with the common usage and to run infrastructure that private interests may not find profitable to run for the common usage. The government must only mind its above business and get out of running all other businesses which it has no business being in. The only problem that has to be countered is that of “crony capitalism” which can only be controlled if the above mentioned functions of government are not relegated to the bottom of the heap, which is the default position as of today. “Shubh Labh”, worship of “Laxmi” and “Saraswati” are all ancient Indian concepts. Hence profit is not a bad word. Unfortunately India lost its way and forgot its hunger for knowledge. India will have to choose whether it wants to go the way of Venezuela or whether it wants to become like Singapore. Kautilya’s “Arthshastra”, Adam Smith(Wealth of Nations), Friedrich Hayek, Milton Friedman, B.R. Shenoy, Thomas Sowell, Walter E.Williams.

    DisAgree Agree [4] Reply Report Abuse

  • El En Tea, Mangalore

    Mon, Feb 22 2021

    Privitisation the Elop ment of Nation Hugely paid to deliver the fools

    DisAgree Agree [3] Reply Report Abuse

  • Rahul, Mangalore

    Mon, Feb 22 2021

    Mr.Sanjay Hebri is not commenting on privatisation matter. Maybe he also fed up with BJP .

    DisAgree Agree [13] Reply Report Abuse

  • piad, Mangalore

    Mon, Feb 22 2021

    What benefit poor people got by getting cooking Gas cylinder?- Not explained What benefit poor people got by merging the banks ? - Not explained Only the schemes and schemes and say poor people benefited - Why the government is not mentioning the type of benefits.

    DisAgree [3] Agree [8] Reply Report Abuse

  • Hegde, Bangalore

    Mon, Feb 22 2021

    Privatisation is a neo liberalism (new ) order preached from Thatcherism .. former uk pm —-Reagan USA..etc etc inspiration from Hayeks ..road to serffom ....& now preached in India First in privatisation..good public assets are cornered by a few individual companies headed by billionaire owners who know to corner these assets .. Second it is privatisation of profits and public bears the losses in case of lean years ..as these companies get generous loans .. in bad times come back to government for bail out which means finally ordinary tax payers money .. Many toll roads are examples of this ..as promoters have fled with huge liability..public made to pay heavily toll fees etc etc including private banks .. power companies..steel now gone up steeply ..

    DisAgree [1] Agree [3] Reply Report Abuse

  • John Tauro, M'lore

    Mon, Feb 22 2021

    How can there be development through selling PSUs and merging nationalized banks? There cannot be substantial development until and unless more and more private entities are encouraged, rules eased and incentives given to them in all available fields, thus paving way for healthy competition between government and private businesses in all sectors.

    DisAgree [1] Agree [6] Reply Report Abuse

  • HENRY MISQUIITH, India

    Mon, Feb 22 2021

    Rakhi Sawant is more believable than Nirmala Sitaraman

    DisAgree [1] Agree [26] Reply Report Abuse

  • ayes p., kudla/ksa

    Mon, Feb 22 2021

    Please privatize country (India) too; so they can administer and develop better than you and atleast we can afford petrol and essential commodities in a reasonable rate.

    DisAgree [4] Agree [29] Reply Report Abuse

  • AM, Mangalore

    Mon, Feb 22 2021

    In India privatization means some Gujarathi companies who are favoured by present Govt. Only for the name sake they talk about bidding and contracts. All the deals will finalized by backdoor from supreme leader. One more thing they want to throe all sc/st,minorities who had reservations and got jobs in these PSU's and RSS to take control-nothing else

    DisAgree [3] Agree [30] Reply Report Abuse

  • Jazz, Mangalore

    Mon, Feb 22 2021

    Public: Onions price is rising Nirmala: I dont eat onions Public: Petrol touches 100 Nirmala: I dont drive, i walk Public: But you are FInance Minister Nirmala : I dont know FInance Pub;ic: Pee em ji where is vikas Pee em: Mitron, Nehru.....

    DisAgree [2] Agree [17] Reply Report Abuse

  • vishnu bhat, bangalore

    Mon, Feb 22 2021

    completely flawed thinking - private sector exists solely to maximise its profits, not to take care of peoples' needs. The minister is a blot on the name of JNU, her alma mater. why have a Govt at all, then? - handover the running of the country's affairs to the private sector - they will do a far better job of it.This lady and her PM will turn the country into a oligarchy like Russia.

    DisAgree [4] Agree [30] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Feb 22 2021

    Only Ambani & Adani have Developed ...

    DisAgree [6] Agree [46] Reply Report Abuse

  • Jossy Tauro, Mangalore

    Mon, Feb 22 2021

    So give India to run and private country .So that they will develop our country.You and your company stay home.

    DisAgree [5] Agree [68] Reply Report Abuse

  • saquib, byndoor

    Mon, Feb 22 2021

    it is same as prodigal son who inherits a lot from the father's wealth and is not able to use it properly the same goes here in our country what ever it was made in 70 years it is being sold one by one and asking what have u done in 70 years, bsnl is in ICU instead of giving life to it jio is promoted HAL which has experience in making aircrafts is neglected and RAFALE contract is given to Anil Ambani company which cannot even produce a pin. railways gone airports gone ports gone oil companies gone if a government cannot run these it is not the fault of the previous govts it is ur inability. a work in a public sector is like a security to the worker and an asset to the country and private sector the worker is dependent on the owners mercy. God save our country Jai Hind

    DisAgree [7] Agree [47] Reply Report Abuse

  • Surendra Poojari, Mangalore

    Mon, Feb 22 2021

    If I agree privatisation is for developing nation, then why we need you politicians? Why only Ambani and Adani? Are there no other private sectors like Godrej, Birla and Tata's to name a few? Hope Indians will realise their mistake of electing these stupid people on the basis of religion. These people don't know how to run the government.

    DisAgree [4] Agree [87] Reply Report Abuse

  • k b r, Mangala Uru

    Mon, Feb 22 2021

    why Tata, Birla, Godrej, Bajaj and such other names not heard in privatisation....

    DisAgree [6] Agree [63] Reply Report Abuse

  • Sagar Shetty, Kottara chowki

    Mon, Feb 22 2021

    Best thing would be to privitise the government itself😂I think it will work far better..

    DisAgree [2] Agree [75] Reply Report Abuse

  • Amaze, karkala

    Mon, Feb 22 2021

    70 years kya kiya puchne lage... 70 years ka hum bech gaye ......

    DisAgree [5] Agree [51] Reply Report Abuse

  • Ramesh, Udupi

    Mon, Feb 22 2021

    BJP is good in as opposition party, they don't know how to run this country.

    DisAgree [4] Agree [79] Reply Report Abuse

  • Akil, Udupi/Bengaluru

    Mon, Feb 22 2021

    The expressions on the face and raising of the index finger gives a more clear indication on dictatorship than her words, must be following her master!!!

    DisAgree [4] Agree [48] Reply Report Abuse

  • Valerian DSouza, Udupi/ Mumbai

    Mon, Feb 22 2021

    If privatisation is PURELY for the purpose of effective running of loss making Govt enterprises, Such companies should have been given to entrepreneurs like Tata's, Birla's, Infosis, Bajaj's, Mahindra like so many fortune 500 companies, what's the sense of giving them to bank loan defaulting entrepreneurs? How have they proved successful?

    DisAgree [1] Agree [44] Reply Report Abuse

  • roy Indian, Mangalore

    Mon, Feb 22 2021

    great work your doing Nirmala Sitharaman. you must be F.M of world also so that all bank will merge in under BJP party and modi & co friends........

    DisAgree [3] Agree [67] Reply Report Abuse

  • Ozy, Surathkal

    Mon, Feb 22 2021

    Then why you used to scream when you were in opposition?

    DisAgree [3] Agree [74] Reply Report Abuse

  • N.M, Mangalore

    Mon, Feb 22 2021

    The worst finance minister in the history of the nation. Absolutely inefficient and clueless.

    DisAgree [5] Agree [86] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Mon, Feb 22 2021

    Why can't you privatize the country instead of struggling for the last 8 years with out any improvements ?

    DisAgree [3] Agree [65] Reply Report Abuse

  • Kudla Stories, Kudla

    Mon, Feb 22 2021

    A finance minister who said, she doesnt eat onions, so she doesnt care, when Onion prices hit the roof, a minister who says petrol price rise is not in her hands, a minister who says fall of GDP is in Gods hands, is lecturing about benefits of privatization. Joke of the day !!

    DisAgree [3] Agree [65] Reply Report Abuse

  • KA DSilva, Dubai

    Mon, Feb 22 2021

    Dear Madam Sir, While your party was in opposition, they were loud opposite to Privatisation of PSUs ! in fact BJP came to street during PVS and MMS govt! and now you have change your your TUNE completely changed !!!!

    DisAgree [3] Agree [51] Reply Report Abuse

  • Roshan Rodrigues, Mangalore

    Mon, Feb 22 2021

    "Under the Ujwala scheme already eight crore poor people have got free cooking gas cylinder connections." This is marketing giving free connections, what is today's cylinder price? who Made Money..?

    DisAgree [2] Agree [50] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Mon, Feb 22 2021

    No harm in projecting a groovy picture about our economy. What in reality is everyone guess! Finally, ache din aayenge. ?

    DisAgree [3] Agree [49] Reply Report Abuse

  • Dylan, Mangalore

    Mon, Feb 22 2021

    What happened to private companies like Yes Bank, Jet Airways, Satyam computers? Former ICICI chair person Chanda Kochhar. This lady is only talking non sense as FM. Tomorrow they will sell the country in the name of PRIVATISATION.

    DisAgree [4] Agree [61] Reply Report Abuse

  • Sgr, Mlr

    Mon, Feb 22 2021

    Sell it Amazon, Wallmart, Adani and Ambani or even to the Tata's they will manage the finance and defense, No need of spending crores of rupees to run the govt and for Election or public gimmick by the politicians. Dushman bagao Deshbachao.

    DisAgree [3] Agree [48] Reply Report Abuse

  • Francis Lewis, Sastan

    Mon, Feb 22 2021

    it's of high time & better to sell Central Finance Department as none of them working for the poor people and for the Nation. Few days back Mr. Shankar Bidari gave strong message regarding Privatization of PSU etc.

    DisAgree [2] Agree [32] Report Abuse

  • Ramesh, Udupi

    Mon, Feb 22 2021

    Instead of privatization make Ambani PM and Adani FM.

    DisAgree [3] Agree [67] Reply Report Abuse

  • kiran, kodagu

    Mon, Feb 22 2021

    Selling public assest to private is not vikas its incompetency of the most highly incompetents...!! Wah Wah. U mean to say the govt is incapable of turning a loss making entity into a profit ones whereas the private sector is capable of doing it. Then what is the point of electing this Incapable government?? I sometimes wonder is the current modi government a franchisee of OLX? how these public sectors making profit during congress time that is 70 years and now all of a sudden your govt made them in losses As far as I know they haven't tried to sell or privatize the govt companies. how long BJP will fool the nation with utter lies

    DisAgree [2] Agree [56] Reply Report Abuse

  • Prakash, Mangalore

    Mon, Feb 22 2021

    Kiran, Kodagu, Very Sensible comment from you.

    DisAgree [2] Agree [21] Report Abuse

  • Sahil, Mangaluru

    Mon, Feb 22 2021

    Initially BJP said bank merger will benefits 1.promtly high lending capacity. 2.boost the economy. 3.reduce the banks operating cost. 3.reduce the risk of NPA. Never ever said privatisation matter. initially only described bank merger with above benefits looks systematically diverting public strength in their own industrialist control

    DisAgree [2] Agree [46] Reply Report Abuse

  • Salah, AUH

    Mon, Feb 22 2021

    If that’s the case, then why this govt is being a middlemen between us and ambani, Adanis and other corporates? Let's directly make top industrialists our leaders and enjoy life :)

    DisAgree [5] Agree [47] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Feb 22 2021

    20 lakhs crores package accountability please? Privatisation public sector Bank if collapse where public approach? Do something new old is gold don't touch.

    DisAgree [4] Agree [60] Reply Report Abuse

  • Monty Dotor, Mangalore

    Mon, Feb 22 2021

    Will the finance ministry be privatized?

    DisAgree [4] Agree [81] Reply Report Abuse


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Title: Bengaluru: Privatisation inevitable for development of nation - Nirmala Sitharaman



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