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- เผยแพร่เมื่อ 27 ก.ค. 2024
- The government is working on completing the stake sale process of about 23 public sector companies whose divestment has already been cleared by the Cabinet, Finance Minister Nirmala Sitharaman said on Monday. The minister also said she would soon meet small finance firms and non-banking finance companies (NBFCs) to review the credit being extended by them to businesses. The minister said the government wants to sell stake in public sector companies at a time when it fetches the right price. For the 2020-21 fiscal, the government has set a disinvestment target of Rs 2.10 lakh crore. Of this, Rs 1.20 lakh crore will come from disinvestment of public sector undertakings and another Rs 90,000 crore from stake sale in financial institutions. In this edition of The Big Picture we will analyse the disinvestment of PSUs.
Guests:
1. Sushil Chandra Tripathi, Former Principal Secretary, Finance, UP
2. Subhomoy Bhattacharjee, Consulting Editor, Business Standard
3. S. P. Sharma, Chief Economist, PHDCCI
Anchor: Frank Rausan Pereira
Producer: Sagheer Ahmad
Want debate on
New Education policy 2020
Yesterday there was.....
देश देशांतर
@rajyasabhatv better provide subtitles, atleast during this Covid time where there's no option other than video conferencing.
Only Mr. Frank and Mr. Tripathi are audible.
Tripathy 👌👌✌ He stole the show. Drove the point home. No doubt, IAS officers rock wherever they go!
Please make the audio quality better..
Daily Summaries!!
Government is working on completing the stake sale process of about 23 public sector
WHY
1. Competition has turned PSUs into Sick Units e.g SCOOTERS INDIA
2. BPCL must be sold while still attractive to fetch a good price.
3. Foreign investment looking for units. It will help greater integration into the global world.
4. Privatization will push up the growth trajectory. Bringing efficiency and technology.
5. The fiscal deficit needs to be financed.
6. Banks can be privatized now since digital India does not need the physical presence of the banks in rural India.
CHANGE IN THE POLICY
1. Strategic disinvestment (change of owners) now being carried out eg Hindu Zinc, BALCO.
2. Disinvestment becoming more acceptable in public policy.
WAY FORWARD
1. Cost of doing business must be reduced.
2. Infrastructure must be provided.
3. A good policy environment in consultation with the private sector.
4. Transparent and fair disinvestment process.
5. Daily summaries -----> Telegram channel: iassimplifiedchannel
Thank you for providing the the written detail summaries of the debates.
What will happen to psu employees?
@@JetJV Well PSUs can't be run as an employment scheme forever. The market potential unlocked by the disinvestment would create many more jobs in the private sector.
@@DD-ru2lw what about job security and regulation.. if govt lost ownership it can not use it's authority if any problem arise ?
@@samym3040 Government has regulatory powers and privatization cannot take that away.
Gov channel, they can't speak anti. They will appreciate no matter what. This is a theoretical debate, but practical criticism is needed in these debates. Psu are for welfare and selling them off is taking India many years back. Already 85% fdi and see the economy and jobloss, nothing capitalism could do. Even in pandemic, no private hospital at rescue, only gov institutions at work. Gov fucked up economy, drained treasury now selling property. Is this aatmanirbhar!? Totally contradictory. Since global recession, private bank share in market decreasing, only holds 20% in India. 500+ private banks have died in USA post 2000. Yes bank debacle and sbi at rescue. Banks dying due to corporate bad loans, gov at fault as it dictates terms of loans and protects their corporate bosses. Let's be practical, this debate is good for upsc but not in real life. India marching towards a collapse. Rbi lic getting drained, most expenditure of Indian gov goes in debt repayment. All fucked up
Tripathi ji is always on point..🙌🙌
Why not government modernising their psu..invest more in research and development in psu...you have to much good people who are talented in psu... disinvestment of lic and bpcl is no logic point...both are profit making psu and also job creating...and also save social harmony of sc st and obc..
No. Do anything that it takes to bring harm to socially backward class. They are just enjoying thier liberty. SC ST and OBC are now not that much socially backward that it used to be ago.
It's about financing and reducing the fiscal deficit.
In case of LIC, it has already having stakes in IDBI and IL&FS crisis financer. So disinvestment will be better for future so that these don't fall on the government.
In case of BPCL, it already has competition from strategic state owned IOC and ONGC. As we have seen in the past examples, competition like this evolves one and depreciates another. Therefore, it suits best to get the best value out of it before it's value depreciate.
@@Abhishek_20858 are you from that communities?? I assume "NO"
So please give your judgement like that. I am from OBC community, huge friend circles with SC & ST categories. Unless you live their life you are not aware of the situation of the life the Has.
@@pappumahato1178 plz understand the situation is changing. Can't give examples of friends. In general most of the SC ST and OBC are living well above the middle class. And firstly the reservation should be given on economic class that's it. No social class at all. This is what i want to convey.
@@Abhishek_20858 you are simply ignorant..first go and read about affirmative action and then justify your stand..and do you have any valid source from where you are quoting the fact that all backward classes are no more suppressed? Matlb kuch bhi bakk dena hota hai bas
Govt has to take pretty much effort to develop our domestic marcket, unless this disinvestment process miss the target it intended to.
the peoples lack of purchasing power will be subjected to intensified exploitation.
Privatisation is a must for the country to move forward.
Only education, health and housing should be in the hands of the government.
For those who say that the poor and the middle class will suffer, remember all pharma companies in india are private. But you get cheap medicine. WHY? Because there is a price control board. Similar price control boards must be set up for Oil and Gas. Minimum wage act should be amended every five years as well , to make sure people's living standards are maintained.
Btw China has also disinvested, corporatised, privatised and shut down many PSUs. And the whole of America is run on private enterprise.
They're doing well. Infact they're much richer. Because they don't have babudom and corrupt people running PSUs.
that point related to old technology is a good point for disinvestment although company is in profit
Transfer of technology could also help out with jst selling the stake
If government departments will prefer private banks etc to open salary accounts .
If huge deposit in form of market committees in state government will be kept in private sector, just as in favour of some gifts,then how one can expect PSUs and Public sector banks to have a profit..
Government should strictly keep all accounts and receipts of all govt departments with Public sector banks.
Refer channel " between the line " with comments on subject.
Wha about lakhs of engineerimg graduate searching for a secured job in psus.Dont psu get best talent through fair recruitment process.Privatisation will only lead to workorce with poor pay .
Agree
Become entrepreneurs
if u have gurs ..u can earn in private sector too
Not a single new PSU has been opened in last 6 years, on the other side govt is revamping the existing one's. This govt has already digested large dividends of RBI and LIC wich were meant for exigencies. GST has already been too low before coronavirus and centre share is increasing in cess because it is non shareable. Situation is very grim. Govt is justifying it's action of disinvestment just to cover failure in growth of revenue and taxes. On one side they are relaxing corporate tax in hope that it would open job market, but one has to look that during pandemic none of the private parties voluntarily came forward for assistance whether private hospitals or private security only govt officials were deployed. Except 5_6 big corporates no one is given social security to its employee's. Mismanagement of public resources are at its peak. Privatisation of profit making psu and psb is bad in itself.
There is no room for Indian economy to show V shape curve because chief's of various banks have already shown doubt about rising NPA due to non collateral relief. And lastly, even if we presume private banks will follow priority sector lending principle then one has to relook and analyse, how many of them have defaulted on this area till now? The current agreements signed or about to be approve for sale of stake in psu's is poor on momentary return ratio, selected big tycoons will buy such stakes at scrap pricing formula.
@@nishantsuman3058 vote kejriwal next time
expecting debates on
1.NEP
2.EIA notification
3.Rajasthan political crisis
4.indo israel cooperation on COVID19 testing
5.contempt of court
Not a single new PSU has been opened in last 6 years, on the other side govt is revamping the existing one's. This govt has already digested large dividends of RBI and LIC wich were meant for exigencies. GST has already been too low before coronavirus and centre share is increasing in cess because it is non shareable. Situation is very grim. Govt is justifying it's action of disinvestment just to cover failure in growth of revenue and taxes. On one side they are relaxing corporate tax in hope that it would open job market, but one has to look that during pandemic none of the private parties voluntarily came forward for assistance whether private hospitals or private security only govt officials were deployed.
Thanks Rstv 🙂
Thank you Frank sir 💜
Thank you Rstv 👍😊
Need of the hour considering the fiscal burden the current exchequer is undergoing... Since major economies are in stressed there is no space for borrowing therefore domestic reaping of the economic activity should be the sole strategy!!
Thank you RSTV for this vital information!!
🙏🙏🌼💜 Always here...
You forgot to discuss about disinvestment in Rajyasabha TV. It may become sick in near future due to neck to neck competition with Pvt sector.
Thanks RSTV :)
जय महाराष्ट्र धन्यवाद राज्य सभा टि वी
Please work on audio quality of the panelists.
It's very annoying
Excellent analysis
Woah Divest it so that you can get good commission.
Finally studio
Sir,Why a one sided debate? Where are the dissenting voices of this glorious democratic nation?Why Rajya Sabha TV reducing itself to a party mouthpiece running propaganda for profiteers? Democaracy requires RSTV to provide balanced view by including representatives from all sectors,for instance the trade unions.
Bhattacharji ka Mike test nahi ho sakts,🤒
Good content ...always ...thnks
RSTV
Disinvestment is a good strategy for GOI to finance it's fiscal deficit and go for a concentrated stake in selected strategic sectors. Govt now needs to mobilize resources towards governance and policy making more than keep investing capital in PSUs. The time is right for private players to seek stakes in PSUs at reasonable valuation, overhaul them and generate returns going forward.
Nice explanation
Thanks Rajya Sabha.
But focus on voice quality
Please improve the voice quality because many times facing a problem of voice...
Koi smjaye ye sick apne kam ki wjh se nhi govt ki bekar policy ki wjh se h
The 50% working force of psu are non working,...this is what i daily see..being a psu employee
Many bureaucrats are outdated... Why not show them exit route and get some young fresh air
What aabout the workforce
It will increase competition and efficiency in them...later paving way for increasing production and profit
can anyone guide me how is the Big Picture important for the UPSC CSE? because i can't link it with my preparations and also i can't understand the conclusion of every question.
It helps you form an opinion which can be used for mains. Like this topic is directly related to GSIII. I'd suggest you to go through the syllabus twice and you'll understand the significance.
@@azh2249 I always have the syllabus with me but i am not able to form any kind of opinion... maybe i will try harder again, just like did with The Hindu newspaper
@@lynxb8300 how long have you been preparing for CSE?
@@azh2249 more than 3 years since i completed the shool but not continous only static part i covered because i am also in police so can't give proper time but i will appear next year for pre
No need to worry, it is not important to understand each word of big picture. Purpose of watching it to just aware about what steps has been taken by government,social awareness about what is happening and also experts analysis help you to know positive and negative impact that's all that hindi analysis will also provide. For UPSC hear daily news of Rajya sabha if understand read Hindu newspaper other wise any news paper . NCERT Book + UPSC previous paper based on particular chaper can only help you. I follow few youtube channel for update myself such as study IQ,Insight ias ,study with Rashmi,
What about profit making psu?
There cud be token disinvestment of them helping in remaining competitive..and phasing out
Please work on audio , panel voice is not audible clearly !!
Old day objectives of PSUs to enable regional development and employment generation is take by govt where private sector has huge roles.
Plz improve audio quality
Key Point-
-Disinvestment Target -2.1lakh crore. Target must go with transperant manner.
-Privat sector need to boost market in pandemic crisis.they can play pivot role to reach t Target $5trillion economy by 2025.
-level playing field to interest rate of Private sector need to be addressed.
Disinvestment help to govt from reduce fiscal deficit.
Thank you!!Big picture
Sound quality is worst... please use Wi-Fi...
No vote to BJP. If banks privatize.
All companies privatise in government
Please discuss new education policy..
10 minutes on national education policy covering historical background + features+ what is new in it focus on ias exam available.Please visit.
“Policy envt” was used 50 times by SP Sharma😜😜
🤣🤣
Please take care of d sound problem
sound is not clear...
please improve your connectivity. voice clearity is not good.
Plz one video on new education policy
Search rstv new education policy
@@rtvlog4210 yrr I want big picture show on new education policy...
Okay thanks.. I find it
@@Mahi-jt9ep plz subscribe study iq... there are many videos on new education system
These are simply the advocates of privatization . same people who welcomed east India company as the engine of growth
Voice is not understandable
Privatisation would turn the sick companies into profitable units bcoz they know the value of each rupee, they know how difficult is to earn, while govt companies easily get finance...as janta ka pesa is in abundance
Yeah yeah..you have done proper research it seems..giving gyaan..
Educated fool
भारत पेट्रोलियम को बेचने से पहले "भारत " नाम का तो ख्याल कर लेते ।
There is need of an hour of disinvestment in PSU .
Every PSU must be privatised aggressively. It is not the business of the Government to run a business.
Frank, your beard doesnot look good. Trim it .
Frank sir should shave his beard. He looks Very smart without beard
FDI shouldn't from China.
Black cat, white cat, brown cat, yellow cat doesn't matter as long as it catches mice and rats.
All three panelists are Brahmins
thy all r Indian
Yes all educated fools
This is how you get a whitewash.