When people rush behind a crowd quality can't be assured. On the contrary quality content doesn't get enough attention. This is a classic example for this channel !!!
Nope, Bureaucracy is, which are part of the government, the point is I vote for a party so that when it comes to power it can effectively Govern us, I don't vote for the government to do Business.
I'm in class 12th. And acc to cbse syllabus, we've to make practical files for Economics, and many more subjects. I find myself lucky to say that my topic for the project was disinvestment, and I found your video on the topic and watching it just made everything clear. Thank you so much sir!!!
I never seen like uh sir, such a person in my life with pure soul and warmly explaining each n every particular topics with proper manner and accuracy level i bow down to ur work 👍😍🙏🙇♂️kudos
@@mohitpancholicivilservant2833 i explore the world or not is the another factor but i want to say that Sengupta sir whatever he says ..with his voice crystal clean n clear we can understand, the words which is already we gone through it but after his explanation to the point some philosophies clear our mind anyways i too know what the actual topic is going on by Modi govt and favour to the point it shud be privatized asap to get jobs vacancies in the private sector instead of giving perks allowances to govt sector one..cut down amount n use the money to nation growth.. Mr am not new but his videos are much effective presentation that's all i want to say..dude
This theory of disinvestment and privatization looks good on the paper and we start comparing it with existing democratic-capitalist US economy. However we forget to think about that US has strict and labor friendly labor laws. Secondly US and many other developed nation includes Social Security policies which can help people in adversity. Third US as a country makes huge investments on Research and Development. We see India has great number of billionaire and millionaire. Like Recently we observed last year during pandemic India had 1 billionaire every week. Unfortunately Indian wealthy people are filling up their pockets instead of investing in R&D that makes product in India. On the other hand most Make in India campaigns are run under Chinese funds. Most of the Research Labs for Technologies in India are owned by either US based companies or German Companies or Singapore, or Korean. Privatization looks good in theory and on paper, unfortunately it had huge gaps.
As you said there is no investment in R&D from Indian private players.... Made in India is dominated by Chinese funds....Most of laboratories are run by foreign players..... If you can provide any example with authentic source?
Indian labour laws are much much more strict .. try firing someone from an established company in India. You have a right to have any opinion ... no right to have any fact
Thought Provoking Response. Then what is the solution in your view. As we could see socialism has failed and I don't disagree with you as for as Capitalism concerned.
Myself being a government employee,I have no hesitation in accepting that government offices are dens of corruption and laziness.Privatization is good but they must not exploit employees.
@@shivck13 First of all, govt itself is one of the major exploiters of tax revenue if you think that will stop just by selling a few PSBs and PSUs you are highly misinformed. Secondly, all govt employees pay income tax and a very large amount of that unlike a lot of MSMEs who are constantly getting loans and tax reliefs ( because of public tax revenue) and have failed to yield any benefit yet and have led to the large amount of NPAs that both the private and Public banks are dealing with now.
@@shivck13 and if private banks are so good then why let SBI rescue-yes bank? even AXIS bank's and IDBI bank's major shareholder is LIC - a PSU. when IL&FS failed it took several of PSBs with it. why? because govt forced the banks to give them a large number of loans so the govt doesn't have to invest in infra development. remember ICICI and videocon scam? ONGC one of the best PSUs of India is now being weakened right in front of our eyes. Govt keeps taking its profit as an interim dividend whenever it needs money. These PSUs and PSBs are not bad because they are bad companies they are performing badly because govt ministries keep interfering with their functioning and don't let them function properly. PSBs constantly operate bank branches in rural areas just because they have to so they can give govt schemes to people and incur losses because of these nonprofit branches, no single private bank will ever do this. and don't forget when too big to fail private sector companies or banks fail a lot more tax revenue is needed to rescue them revive them than to run a bank or company that is essential for the social welfare of the people.
@@rajatyadav9534 he talks only facts irrespective of his personal opinion, that too in a very sophisticated manner as one tutor should be, not pressing his ideological orientation on students
your 1 video is enough to get know about all the terms in details..very comprehensive compact and organised way of teaching..thanks a lot Sir..Respect from West Bengal
Sir, I don't know about others. But, when it comes to straightforward and crystal clear concept, I found you to be The best. I don't know whether I'll be able to crack CSE or not, but one thing for sure is you have made me quite knowledgeable person than ever before 🙏🏻 Thank You 🙏🏻
Few points missed... Indian reserves were fallen down and did not have dollars for OIL. IMF provided loan on condition that india will liberalise so that they can earn corporate taxes which can Help in repayments of loan. What MMS did was to carefully liberalised in sectors bringing more jobs and can collect more taxes.... example - fmcg, telecom, transporation.... What MODI is doing is making NavRatnas overtake the loses of psus and look like they are making losses... example ... ONGC profit making company....was asked to acquire GPCL ... gujrat petro chemicals... which has fooled nation with oil discovery during modi cm time.
Everything is clear and correct about privatization. But the concern is at what price the PSUs are quoted or offered to Pvt. Like Vizag steel plant is proposed for around 5k crores, while its asset value is 2 lakh crore or so..
@@shadows2909 Then it is like Selling lands or any fixed assets of one's worth 1000 crores to 1000 rupees for the sake of repaying a debt of 1000. Don't take literally but its similar.
Watching your videos is better than listening to long and boring talks by economists and bureaucrats. Thank youuuuu!👌. Recently I came across a Hindi proverb: “ Jis desh me sarkar Vyapari, us desh me log Bhikari!”.
1:57 I am an ex employee of one of these PSUs. Firstly, HP and ONGC are not technically loss making PSUs. They have been Maharatna PSUs. ONGC had been the most profit earning PSU for long time, giving an annual profit in Thousand Crores rupees to the Indian govt. Recent temporary losses are forced and induced losses that too on paper only. Secondly, BPCL is the most efficient and also performing PSU among all downstream oil companies. Strangely, govt. is privatizing BPCL instead of HPCL. BPCL should have been the last PSU to privatize.
A teacher knows only the theoretical aspect. He doesn't knows the practicality. I agree with you !! I dont know but some of my friends in PSUs say that in order to sell PSUs, losses have been enforrced. What do u think ??
Oil companies make profit. This is simple reason because there is so much demand of oil. If they were private company they could have reaped even more profit than this. The core idea is the government to stop taking headache of its day to day business..
@@souravmisra4080kuch bhi😂😂😂😂 LIC kyun profit me h....... power ki demand nhi hai matlab jo power sector ghaate me h..........doosri baat jinki demand nhi h wo privatise ho hi nhi payengi..........
ur lectures are like notes that makes no sounds unlike coins.. A little spark dat ignites my mind when i see ur lecture. Pls do more lectures on current issues sir
sir i request you to make a part 2 video on this topic and explain why too much privatisation is bad as well. i think then the topic will be fully covered.
The desperate attempt towards privatisation is largrly due : 1.to shaky financial position of the Govt. 2.bring competitiveness. 3.an element of cronyism cannot be ignored given the but obvious corporate-political nexus in the current times. Corporate own the media and also govt needs fund to fight elections and buy MLAs. Competitiveness will only come if duopoly is prevented. It must be noted that banks have a large social role also but Pvt sector is guided solely by profit-making. Inequality could futher widen especially in India where around 70 percent wealth is owned by top 1 percent. Students are advised to take views of both sides.
@@saif9765 nice points. But when I see things like IT sector, how a sector truly untouched by govt succeed to the level it did. Also, about the duopoly. This problem is actually one that is seen in every other capitalist nation. You either have such a corporate-govt balance or straight up govt control (i.e socialism) So it's a con that is by-default set in capitalism.
Idk dude. We haven't even reached to extent of capitalism that Western Europe followed before it went hard on with it's social welfare policies...so we atleast need to get there before talking about 'too much privatisatizion'. . If I am being honest, the Geopolitical climate around us, the shift in power balance of the world and consequently our poverty....we don't have the liberty to go soft on such things anymore. We need rapid economic growth at priority to survive the rollercoaster of a decade that will be 2020-2030.
@Pavan Kumar firstly, sir I just requested him to make a video on arguments other side of the coin. I agree , May be I should not have used too much in my comment. What the hell does it mean by except key sectors when the central govt is trying to privatise Vizag steel plant because steel is also one of the of key and core sector right.
The video is simply superb.. but is seen from a single perspective. Imagine yourself cracking a government job after so much struggle in open category, for secure job environment, now seeing all these privatization stunts by govt. (Though losses by PSUs are due to worst policy making by govt.) So many youngsters are disheartedly working. Privatization is good in the circumstances of good employment rate situations in private sector as well. But not in this peaks of unemployment and under-employment scenarios in the present society.
Unemployment is not going to decrease with more public companies. These public companies are already loss making. From where you will get money to run these companies.
@@manasraj7700 nothing wrong in this. This profit is because of monopoly and early entry advantage. Also because it is natural resources company not because it's worker are hardworking or talented. Anyways we are rapidly moving away from fossil fuel it wouldn't take much time to bpcl becomes irrelevant.
I've an exam upcoming and this video actually helped me know a lot about disinvestment. Your way of explanation and presentation is really good, thank you!
Exactly something I was looking for to understand the disinvestment policy without a political opinion. I just could not stop from subscribing your channel
but alongwith there are some demerits also ,what would when private company would fall in loss?? or during the time of inflation ?? indirectly it would only employees who will have to loss their jobs and incurred cut or shortage in their salary
@@ShashankPatel-ts6jf just like what they do in USA or any other capital country or what we did in the past before 1969, the govt. Nationalises it or injects enough cash to keep it going and brings in strict regulations so that it may not default again.
@@ShashankPatel-ts6jf when a company get in loss until they declared bankruptcy they have to give payment to its employees and after bankruptcy the employee only loss the job but he will have the experience of so much years and he can get in another company where as the investers need to bare the bankruptcy procedure and it is the main reason why we need skill more than knowledge unlike in india we say and if you have skill then you can get more knowledge by experience then books
@@prasmitkumarpradhan1497 yu can see during the time of pandemic many private enterprises have made their employees jobless due to deficit in their profits or business or inflation so insolvement is not only the sole reason from which a person lose their job
your home wouldn't function and grow financially with the rent you are earning, for that you have to generate resources of secondary income and work too rather than selling the rented house. This applies to the government too, just being plain and simple.
Exactly.. Most of the older generation is of socialist ideology(since they spent their time in Nehruvian Socialism).. they think this change is unnecessary.. add to it the political drama.. and voila we have riot..
@@abhinavghosh And at what price they are selling PSU. Try to learn about it. Classic case of vizag steel. Modi will sell it at 5k crores and it's asset value is more than 2 lakh crores. Old generation knows the cons unlike our wannabe slave of capitalists
@@vipanrana2919 it has a loan burden of 22,000 crore. Why would the govt sell an asset for 5k crore (100% disinvestment will mean nothing.. I wonder how did you reach that no.)? This plant was never an asset.
Hello, Informative session. I would like to ask you to cover a session on, why those PSU (you named in this vedio) are incurring loss. What are the primary cause for the loss. Initially these PSU's were extremely doing good but due to some govt policies etc they started struggling. Could you please cover one more session with above topics.
If privatization is to happen in India, then in my opinion, Indian private companies should come up to participate in privatization. Because the profit will not go outside India. And ....... Sir, you have completely covered everything in this video.
concepts are crystal clear and language is also very lucid and u are also explainíng all the important concepts at the same time .... your videos are like chota packet bada dhamaka ... u definately deserve more recognition.
For the profit making PSUs I feel govt should invest further to make it a world competitive company rather than privatising 49% or some part of the stake
I argued with my dad that government can't raise money so they are dis-investing, he replied to that- "government administration ke lie hai, dhanda(business) karne ke lie nahi", that's what you also pointed. Now I understood where things are going.. adding to that it would be great if you added the example of a country running on model of capitalist like Singapore or Vietnam or S.korea? And what is wrong in capitalism. As Vietnam looks like it is being running by capitalists only or S.Korea by chaebol?
Uhh, Vietnamese government is communist but their economy is capitalist, same goes with china , because they know if their economy will be socialist they'll be gone in few years . The biggest example of capitalism is USA. Even some prisons are private in USA
@@xijinping-5733 "Vietnamese government is communist but their economy is capitalist" You are oversimplifying their economy, they do allow private companies but they also have a lot of government regulations, price controls and a decently sized public sector with a generous welfare programme , plus, the government actively encourages to open co-operatives rather than private companies. All of this plus strong unions and labor rights makes Vietnam's economy much closer to socialism.
Yet another great video... you deserve more subscribers... on side note, please make a video on medieval history like the brilliant ones on ancient and modern history...
I have a doubt that if government company is there it regulates others for example ; bsnl , if government is regulating bsnl it will keep prices of recharge affordable to commonors so that others telecom companies airtel or idea would not increase the price much, but if it gets privatized there will be no control over these companies , they will decide prices among them as a result prices will increase.
Yeah completely got information Amit ji. And It is the fact that Govt. can stand for setting rules to be followed by companies. Because if govt is also into more Investments it will leads to loss sometimes and that might effects the Expenditure that govt needs to spend on public. And for $5 Trillion economy I feel private & public investments matters more.
And what about centralized money govt pay 40 k to watchmen for 6 to 8 hours Private company pay 10 k to watchmen for 12 hours And now price of vegetable for 4 person is 100 ₹ a day and milk 3000- 4000 for month
You get what you work. These pensions and salary hikes will eat away tax payers money. Just look at Indian army budget. A half of portion is eaten by salaries, pensions itself.
Thanks, A Lot! Nothing could be better than your explanation, I should say, this 13 minutes video is more than enough if we compare it to reading 4-5 or even more articles to understand this so concisely!
I always wait for your videos sir... Doesn't matter which kind of videos is it... But it gives us... Too much knowledge for exams... I request u sir to bring more video if possible... Specially on polity... It will help us us a lot
Which In future it will ensure job security but gov needs to do for current gov employees as they worked really hard to get their so they need insurance
@@kjat4161 jaat bhai.. I have completd ma in ecomomivs.. Badi machli choti machli ko kha jati hai.. Us ka dekh lo.. Bil gates ke paas 5000 hectare zamin hai kheti ke liye.. 1 aam kisaan ke pass 2 se 3 hectare.. .
Indians, have to change their mindset. On one hand they compare India with US and criticize or defame India as a country in terms of Economy. And when government is taking steps to transform India into economic superpower, they oppose steps like privatization which is essential for economic development.
@@definitelynotyuribezmenov7611 What does capitalism lead to in the long term my guy? Both are not good if you bring 'long term consequences' 'capitalism is good' lmao.
The other side reason of PSU's loss is lack of enthusiasm in employees. Most of the PSU's employees are lazy, old minded, less technical and having heavy perks. Change the old and lazy employees, cut in their perks and salary, and give more chance to youth, then see the results in 5years.
It's not see easy as ur writing.. Even small percentage of lay off will create massive protest in the country.. Even fm has said even after privatisation old employees will remain thats the precise reason.
REMEMBER SIR IT IS OUR PSU THAT HOLD THE ECONOMY IN CRISIS FOR EXAMPLE COVID19 PANDEMIC. NO PRIVET SECTOR HELPS US THEN. JOB LOSS , UNEVEN WEALTH DISTRIBUTION ETC MAKES OUR SOCIOECONOMIC STRUCTURE MORE POOR. BUT MAJOR PVT COMPANIES ASSETS SHOW 35 PERCENT INCREASE. SO ITS MY REQUEST TO U TO MAKE AN SERIOUS LECTURE ON THIS TOPIC.
Your knowledge of conveying things are extreme sir ... ur job is priceless ...may be we r all lucky to deserve you.. the person who tell all the truth with proper analysis.. Thank u for giving proper knowledge of understanding things ...... I found a real guru within you by your knowledge and ethics. I just wanna thank u for everything sir..
Ok then let’s look at a different picture now. As you mentioned in the video private players go for efficiency and innovation. And from a capitalist pov I think machines are much more efficient than humans, and also private players doesn’t like labour benefits and stuff. Surely it will drive the economy but in a way it will also leave a lot of people behind, in turn widening the wealth gap. I didn’t think it all the way through, would love to get your thoughts on this.
Labour benifits your talking that's what govt to see weather people getting proper wages or getting needy benifits , you know in apspdcl power sector in andhra a women get a salary of 130000 every month she is pune in that govt office .most of people working in corporate sector they also getting benifits, based on their efficiency.
Will leave a lot of people behind? The majority of the lower class or lower-middle-class people work for private companies. The wealth gap is always created in a socialist economy. Venezuela, USSR, Cuba are all living examples. A capitalistic economy always vouches for equal opportunity. The phenomenon of crony capitalism is also found in socialist countries due to the licensing raj. Although, having said all this, the government should provide free education to all and free health benefits to all. Apart from these two sectors, the government should not subsidise anything else and leave it to the market. Speaking about labour benefits, even private players are bound to follow the labour laws. In fact, even organised workers in private companies are entitled by the law to be provided with many benefits. And as we progress as an economy, these benefits will increase. Please read "The basics of Economy" by Thomas Sowell. It'll give you a very good insight into how the economy really works.
If govt wants to sale psu and going towards privatization arguing that for the sake efficiency of PSU n making profits out of it then what about its AATMANIRBHAR BHARAT? HOW CAN WE SAY THAT WE ARE GOING TO BE SELF SUFFICIENT?
@@Iranianmushrik aatmanirbhar is about being a self sufficient and not to depend on others... So it make sense that state should become aatmanirnhar to run his PSU's n all effectively efficiently n wisely...and if the state does so then in true sense it will set an example of being self sufficient n thus motivate others to do the same..
@Inspector Pelu china Pvt sector is investigating lot in RandD in India our pvt sector is not investigating on r and d secondly china Pvt sector busy in implementing advanced things our pvt sector busy in buying govt PSUs for cheap price which are used for day to day use products like petrol steel cement transportation
I don't understand why people are protesting against privatization. Government will always have the power to nationalize any private company if needed. Most of the PSU's were private initially. 🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄
No offence to our old generation but they are the reason people of my age 25 to 27 or below ponder about getting into govt companies and services, they are the reason this nation lags behind in R and D, rather than encouraging their kids to be the new tata birla ambani they want them to work in an unemployable environment where a his/hers true potential isnt realised
Hi Amit , towards the end of the video, u say “I HOPE this video is helpful “ . U can without an iota doubt say that this video is extremely helpful. U r a rockstar
Thank you very much sir.now who will explain this to pappu and his left brigade.they are just making fool of people - modiji desh bech denge.this disinvestment and privatization is important for growing our economy fast.
When people rush behind a crowd quality can't be assured. On the contrary quality content doesn't get enough attention.
This is a classic example for this channel !!!
beautiful things don't need attention
And quality will flourish no matter what. Sir is amazing and he will go even beyond this.
After watching you everything is crystal clear, like your clear voice Sir.
💯💯💯💯
Well said
I am totally agree.
Thank u
Kaikubad meaning?
Government administration is the major reason behind poor performance of these companies
You are great sir
Nope, Bureaucracy is, which are part of the government, the point is I vote for a party so that when it comes to power it can effectively Govern us, I don't vote for the government to do Business.
Burocracy and freebies is the reason behind.
Socialism is worst way to run a democratic or any country.
Bureaucracy and indirect Subsidies are the reason along with job Security
Sarkari naukri 😜😜
Lag jaye fir sara lootunga 😜
@@topfamous297 then why u vote?
I wish people start giving their opinions in comment section, rather than showering with praises. Literally for every video.
@Kejriwal Jindabaad What does that mean bro? AAP literally opposes BJP in everything.
@@dang_972 sahi kaha..dono ki ideology dur dur tak nahi milti..
I'm in class 12th. And acc to cbse syllabus, we've to make practical files for Economics, and many more subjects. I find myself lucky to say that my topic for the project was disinvestment, and I found your video on the topic and watching it just made everything clear. Thank you so much sir!!!
now a graduation student na.
@@ashutoshanand1573 yes.
Lmao same😂🤝 I am in 11th and my eco project topic is disinvestment policy
Same😂
Same 😂
I never seen like uh sir, such a person in my life with pure soul and warmly explaining each n every particular topics with proper manner and accuracy level i bow down to ur work 👍😍🙏🙇♂️kudos
Perhaps you haven't explored the world yet..just visit mit sites .
@@mohitpancholicivilservant2833 i explore the world or not is the another factor but i want to say that Sengupta sir whatever he says ..with his voice crystal clean n clear we can understand, the words which is already we gone through it but after his explanation to the point some philosophies clear our mind anyways i too know what the actual topic is going on by Modi govt and favour to the point it shud be privatized asap to get jobs vacancies in the private sector instead of giving perks allowances to govt sector one..cut down amount n use the money to nation growth.. Mr am not new but his videos are much effective presentation that's all i want to say..dude
Bas bas 😂
sbse pehle decently you likhna seekho
you ko uh likhne se he samjh ajata h kitne noob ho tum
@@tanishqvishwakarma5552 😀😀😀
Everyone complaints about the problem you believe in providing solutions. Hats off to you Sir.
This theory of disinvestment and privatization looks good on the paper and we start comparing it with existing democratic-capitalist US economy. However we forget to think about that US has strict and labor friendly labor laws. Secondly US and many other developed nation includes Social Security policies which can help people in adversity. Third US as a country makes huge investments on Research and Development. We see India has great number of billionaire and millionaire. Like Recently we observed last year during pandemic India had 1 billionaire every week. Unfortunately Indian wealthy people are filling up their pockets instead of investing in R&D that makes product in India. On the other hand most Make in India campaigns are run under Chinese funds. Most of the Research Labs for Technologies in India are owned by either US based companies or German Companies or Singapore, or Korean. Privatization looks good in theory and on paper, unfortunately it had huge gaps.
Soooo true
As you said there is no investment in R&D from Indian private players.... Made in India is dominated by Chinese funds....Most of laboratories are run by foreign players..... If you can provide any example with authentic source?
India become next ussr with socialism
Indian labour laws are much much more strict .. try firing someone from an established company in India. You have a right to have any opinion ... no right to have any fact
Thought Provoking Response. Then what is the solution in your view. As we could see socialism has failed and I don't disagree with you as for as Capitalism concerned.
Myself being a government employee,I have no hesitation in accepting that government offices are dens of corruption and laziness.Privatization is good but they must not exploit employees.
Private firms not exploiting their employees is an oxymoron, my friend.
@@theace691 and in Public enterprises Employees are exploiting public tax revenue.
@@shivck13 First of all, govt itself is one of the major exploiters of tax revenue if you think that will stop just by selling a few PSBs and PSUs you are highly misinformed. Secondly, all govt employees pay income tax and a very large amount of that unlike a lot of MSMEs who are constantly getting loans and tax reliefs ( because of public tax revenue) and have failed to yield any benefit yet and have led to the large amount of NPAs that both the private and Public banks are dealing with now.
@@shivck13 and if private banks are so good then why let SBI rescue-yes bank? even AXIS bank's and IDBI bank's major shareholder is LIC - a PSU. when IL&FS failed it took several of PSBs with it. why? because govt forced the banks to give them a large number of loans so the govt doesn't have to invest in infra development. remember ICICI and videocon scam?
ONGC one of the best PSUs of India is now being weakened right in front of our eyes. Govt keeps taking its profit as an interim dividend whenever it needs money. These PSUs and PSBs are not bad because they are bad companies they are performing badly because govt ministries keep interfering with their functioning and don't let them function properly.
PSBs constantly operate bank branches in rural areas just because they have to so they can give govt schemes to people and incur losses because of these nonprofit branches, no single private bank will ever do this. and don't forget when too big to fail private sector companies or banks fail a lot more tax revenue is needed to rescue them revive them than to run a bank or company that is essential for the social welfare of the people.
@@theace691 oxymoron means? I did check the dictionary but couldn't understand. No offences but what is the meaning of the statement.
superb....no political overtones, tutors must learn how to teach from u. #politicalneutrality
Please enlighten me , how this channel is politically neutral 🤔
@@rajatyadav9534 he talks only facts irrespective of his personal opinion, that too in a very sophisticated manner as one tutor should be, not pressing his ideological orientation on students
@@thedove7398 incomplete facts represent biases 😔
@@rajatyadav9534 complete the facts!
@@thedove7398 facts is one thing personal opinion is another kinda thing
Invaluable lecture Sir. I was stuck with this topic for ages.
whenever i thought about perfection (in study),amit sengupta comes into mind
He is chanakya of teaching in mordan day
your 1 video is enough to get know about all the terms in details..very comprehensive compact and organised way of teaching..thanks a lot Sir..Respect from West Bengal
A student is defined by his/her teacher. India needs teachers like you forever. Such a fantastic explanation...
Sir, I don't know about others. But, when it comes to straightforward and crystal clear concept, I found you to be The best.
I don't know whether I'll be able to crack CSE or not, but one thing for sure is you have made me quite knowledgeable person than ever before 🙏🏻
Thank You 🙏🏻
This Video is a slap on those people who are against Privatization.. 👍
Few points missed...
Indian reserves were fallen down and did not have dollars for OIL. IMF provided loan on condition that india will liberalise so that they can earn corporate taxes which can
Help in repayments of loan.
What MMS did was to carefully liberalised in sectors bringing more jobs and can collect more taxes.... example - fmcg, telecom, transporation....
What MODI is doing is making NavRatnas overtake the loses of psus and look like they are making losses... example ... ONGC profit making company....was asked to acquire GPCL ... gujrat petro chemicals... which has fooled nation with oil discovery during modi cm time.
I think India reserves are increasing
The best thing about this channel is that it surveys for the topic which are not done justice on TH-cam yet
Everything is clear and correct about privatization. But the concern is at what price the PSUs are quoted or offered to Pvt. Like Vizag steel plant is proposed for around 5k crores, while its asset value is 2 lakh crore or so..
True broo
They were under heavy loans
They would had to sell those assets to repay the loan
@@shadows2909 Then it is like Selling lands or any fixed assets of one's worth 1000 crores to 1000 rupees for the sake of repaying a debt of 1000.
Don't take literally but its similar.
Watching your videos is better than listening to long and boring talks by economists and bureaucrats. Thank youuuuu!👌. Recently I came across a Hindi proverb: “ Jis desh me sarkar Vyapari, us desh me log Bhikari!”.
1:57
I am an ex employee of one of these PSUs.
Firstly, HP and ONGC are not technically loss making PSUs. They have been Maharatna PSUs. ONGC had been the most profit earning PSU for long time, giving an annual profit in Thousand Crores rupees to the Indian govt. Recent temporary losses are forced and induced losses that too on paper only.
Secondly, BPCL is the most efficient and also performing PSU among all downstream oil companies. Strangely, govt. is privatizing BPCL instead of HPCL. BPCL should have been the last PSU to privatize.
A teacher knows only the theoretical aspect. He doesn't knows the practicality. I agree with you !! I dont know but some of my friends in PSUs say that in order to sell PSUs, losses have been enforrced. What do u think ??
Even my aunt work in BPCL and company is in profit.
Oil companies make profit. This is simple reason because there is so much demand of oil. If they were private company they could have reaped even more profit than this.
The core idea is the government to stop taking headache of its day to day business..
@@souravmisra4080kuch bhi😂😂😂😂 LIC kyun profit me h....... power ki demand nhi hai matlab jo power sector ghaate me h..........doosri baat jinki demand nhi h wo privatise ho hi nhi payengi..........
@@saif9765 lic has enjoyed monopoly for long time and has shares in many businesses so it is in profit.
Very informative discussion with crystal clear vision & voice ❤️🙏
ur lectures are like notes that makes no sounds unlike coins.. A little spark dat ignites my mind when i see ur lecture. Pls do more lectures on current issues sir
What an amaze explanation by u is most helpful for the people who doesn't known about privatization especially in Tamilnadu
U r great... Now I fully support. Govt for disinvestment
I want this channel to have atleast 10M views from every State of India that will be enough for making them to think in rational and reasonable way
Some states don't have 10 m population
making them think in biased way*
I have came across to your channel today, and you have made me fall in love with the Indian economy again :)
sir i request you to make a part 2 video on this topic and explain why too much privatisation is bad as well. i think then the topic will be fully covered.
The desperate attempt towards privatisation is largrly due :
1.to shaky financial position of the Govt.
2.bring competitiveness.
3.an element of cronyism cannot be ignored given the but obvious corporate-political nexus in the current times. Corporate own the media and also govt needs fund to fight elections and buy MLAs.
Competitiveness will only come if duopoly is prevented. It must be noted that banks have a large social role also but Pvt sector is guided solely by profit-making. Inequality could futher widen especially in India where around 70 percent wealth is owned by top 1 percent. Students are advised to take views of both sides.
@@saif9765 great insight 👍
@@saif9765 nice points. But when I see things like IT sector, how a sector truly untouched by govt succeed to the level it did.
Also, about the duopoly. This problem is actually one that is seen in every other capitalist nation. You either have such a corporate-govt balance or straight up govt control (i.e socialism)
So it's a con that is by-default set in capitalism.
Idk dude. We haven't even reached to extent of capitalism that Western Europe followed before it went hard on with it's social welfare policies...so we atleast need to get there before talking about 'too much privatisatizion'.
.
If I am being honest, the Geopolitical climate around us, the shift in power balance of the world and consequently our poverty....we don't have the liberty to go soft on such things anymore. We need rapid economic growth at priority to survive the rollercoaster of a decade that will be 2020-2030.
@Pavan Kumar firstly, sir I just requested him to make a video on arguments other side of the coin. I agree , May be I should not have used too much in my comment. What the hell does it mean by except key sectors when the central govt is trying to privatise Vizag steel plant because steel is also one of the of key and core sector right.
The video is simply superb.. but is seen from a single perspective. Imagine yourself cracking a government job after so much struggle in open category, for secure job environment, now seeing all these privatization stunts by govt. (Though losses by PSUs are due to worst policy making by govt.) So many youngsters are disheartedly working. Privatization is good in the circumstances of good employment rate situations in private sector as well. But not in this peaks of unemployment and under-employment scenarios in the present society.
sahi kaha aapne
Unemployment is not going to decrease with more public companies.
These public companies are already loss making. From where you will get money to run these companies.
@@namangupta2228 government is also gonna sell 1000 crore profit making companies like BPCL
@@manasraj7700 nothing wrong in this. This profit is because of monopoly and early entry advantage.
Also because it is natural resources company not because it's worker are hardworking or talented.
Anyways we are rapidly moving away from fossil fuel it wouldn't take much time to bpcl becomes irrelevant.
It's good...these govt jobs will lose it's fake charm( corruption , less work etc)
I've an exam upcoming and this video actually helped me know a lot about disinvestment. Your way of explanation and presentation is really good, thank you!
Excellent presentation, Sir. 👍 Your work is truly inspiring!
Sir you have explained the entire topic of privatization so well and crystal clear ❤️❤️❤️ Thank you Sir
I do understand easily aftr watchng ur lectures ....thank u so much sir..
Love from kashmir
@Kejriwal Jindabaad Bhai sub theek hai yahaan...bdw main pandit nahi hoon...i m kashmiri muslim...
@@mohammadrafiqbhat9095 good to hear bro... Love from Uttarakhand !
@@mohammadrafiqbhat9095 love u brother keep supporting our Hindu brothers in valley as a Kashmiri Hindu only I know what happened with us
@@हनुमानगुप्ताएकरामभक्त surely we do support for a gud cause.....lov u too
@@mohammadrafiqbhat9095 Thank a tons!! Brother😎😎
Exactly something I was looking for to understand the disinvestment policy without a political opinion. I just could not stop from subscribing your channel
We should welcome this step by government. Jab tak privatized nehi hoga tax payers ka money waste hota rahega
but alongwith there are some demerits also ,what would when private company would fall in loss?? or during the time of inflation ?? indirectly it would only employees who will have to loss their jobs and incurred cut or shortage in their salary
@@ShashankPatel-ts6jf just like what they do in USA or any other capital country or what we did in the past before 1969, the govt. Nationalises it or injects enough cash to keep it going and brings in strict regulations so that it may not default again.
@@ShashankPatel-ts6jf when a company get in loss until they declared bankruptcy they have to give payment to its employees and after bankruptcy the employee only loss the job but he will have the experience of so much years and he can get in another company where as the investers need to bare the bankruptcy procedure and it is the main reason why we need skill more than knowledge unlike in india we say and if you have skill then you can get more knowledge by experience then books
@@prasmitkumarpradhan1497 yu can see during the time of pandemic many private enterprises have made their employees jobless due to deficit in their profits or business or inflation so insolvement is not only the sole reason from which a person lose their job
your home wouldn't function and grow financially with the rent you are earning, for that you have to generate resources of secondary income and work too rather than selling the rented house.
This applies to the government too, just being plain and simple.
Please keep making videos like this. You explain very well.
Thank u sir for volunteering teaching and mapping diagrams
ONE MAN ARMY ..
THE BEST TEACHER I KNOWN ..
Sir if possible please start daily news analysis of hindu Or on a weekly basis ur way of explaining will definitely help aspirants
At this point of time, I'd suggest get away from the hindu. It's clearly biased
So simple and so clearly you managed to teach us about privatization!!!! Thank you sir🙏
I wish there was a Hindi version to it so that it's open to larger audience.
Specifically, I want my dad to see this but language barrier 🙁
Exactly..
Most of the older generation is of socialist ideology(since they spent their time in Nehruvian Socialism).. they think this change is unnecessary.. add to it the political drama.. and voila we have riot..
@@abhinavghosh And at what price they are selling PSU. Try to learn about it. Classic case of vizag steel.
Modi will sell it at 5k crores and it's asset value is more than 2 lakh crores. Old generation knows the cons unlike our wannabe slave of capitalists
@@vipanrana2919 it has a loan burden of 22,000 crore. Why would the govt sell an asset for 5k crore (100% disinvestment will mean nothing.. I wonder how did you reach that no.)? This plant was never an asset.
@@abhinavghosh just read a letter that Andhra CM wrote to PM. And other news you'll know the reality. How it's in loss since 2015.
English opens to larger section of audience in India than Hindi
The way u explain everything in less amount of time nd clear every doubt of us...
Thankuu so much sir😊
Hello,
Informative session. I would like to ask you to cover a session on, why those PSU (you named in this vedio) are incurring loss. What are the primary cause for the loss. Initially these PSU's were extremely doing good but due to some govt policies etc they started struggling.
Could you please cover one more session with above topics.
If privatization is to happen in India, then in my opinion, Indian private companies should come up to participate in privatization. Because the profit will not go outside India. And ....... Sir, you have completely covered everything in this video.
Thankyou sir ,u makes our doubt clear......
concepts are crystal clear and language is also very lucid and u are also explainíng all the important concepts at the same time .... your videos are like chota packet bada dhamaka ... u definately deserve more recognition.
For the profit making PSUs I feel govt should invest further to make it a world competitive company rather than privatising 49% or some part of the stake
Clear cut explaination and we'll formatted
Sorry to correct you Sir , BHEL is not Navratna company ,It comes under Maharatna company category 🙏
You don't have to be sorry, if you're correct👍
Ongc babu
Calm, composed, informative, explained in a lucid way.. just ❤️
That point about people’s urge for govt jobs👍🙏👌
Wonderful video. Got to know a lot about privatisation & disinvestment. Keep sharing your knowledge sir. It was really insightful.
Beautifully presented... as always :-)
I am Biotechnology researcher. The way you have explained is awesome. As economics is Greek and Latin for us. Excellent.
I argued with my dad that government can't raise money so they are dis-investing, he replied to that- "government administration ke lie hai, dhanda(business) karne ke lie nahi", that's what you also pointed. Now I understood where things are going.. adding to that it would be great if you added the example of a country running on model of capitalist like Singapore or Vietnam or S.korea? And what is wrong in capitalism. As Vietnam looks like it is being running by capitalists only or S.Korea by chaebol?
Uhh, Vietnamese government is communist but their economy is capitalist, same goes with china , because they know if their economy will be socialist they'll be gone in few years . The biggest example of capitalism is USA. Even some prisons are private in USA
@@xijinping-5733 "Vietnamese government is communist but their economy is capitalist" You are oversimplifying their economy, they do allow private companies but they also have a lot of government regulations, price controls and a decently sized public sector with a generous welfare programme , plus, the government actively encourages to open co-operatives rather than private companies. All of this plus strong unions and labor rights makes Vietnam's economy much closer to socialism.
Fully eye opening for Modi haters..Thanks guru
Yet another great video... you deserve more subscribers... on side note, please make a video on medieval history like the brilliant ones on ancient and modern history...
This format of videos is most efficient. Keep it coming. To the point.
I have a doubt that if government company is there it regulates others for example ; bsnl , if government is regulating bsnl it will keep prices of recharge affordable to commonors so that others telecom companies airtel or idea would not increase the price much, but if it gets privatized there will be no control over these companies , they will decide prices among them as a result prices will increase.
Lol government regulates private service provider too through TRAI.That's why they aren't looting us
Yeah completely got information Amit ji. And It is the fact that Govt. can stand for setting rules to be followed by companies. Because if govt is also into more Investments it will leads to loss sometimes and that might effects the Expenditure that govt needs to spend on public. And for $5 Trillion economy I feel private & public investments matters more.
Sir ..my request is make video different types of inflations..
This is the best channel on youtube. Thank you so much sir. You should start with your own courses for different examinations.
Love from Arunachal...
Superb sir..you've given Clear cut information about Disinvestment Policy..tnq sir..
And what about centralized money govt pay 40 k to watchmen for 6 to 8 hours
Private company pay 10 k to watchmen for 12 hours
And now price of vegetable for 4 person is 100 ₹ a day and milk 3000- 4000 for month
You get what you work. These pensions and salary hikes will eat away tax payers money. Just look at Indian army budget. A half of portion is eaten by salaries, pensions itself.
@@redblue17 Yaa
@@redblue17 it's alwats easy to preach .
Thanks, A Lot! Nothing could be better than your explanation, I should say, this 13 minutes video is more than enough if we compare it to reading 4-5 or even more articles to understand this so concisely!
Thank you for the video sir, privatization is a way to steer the economy towards efficiency, though it will reduce jobs. Let's hope for the best.
I always wait for your videos sir... Doesn't matter which kind of videos is it... But it gives us... Too much knowledge for exams... I request u sir to bring more video if possible... Specially on polity... It will help us us a lot
Privatisation means insecurity in job terms but helpful in economic growth and development 🙏🙏
Which In future it will ensure job security but gov needs to do for current gov employees as they worked really hard to get their so they need insurance
@@prasmitkumarpradhan1497 yes
Growth of ambani and adani people.. Not for commomon man.
@@kunjar kya laga rakha he bhai adani ambani thoda toh economics aur market ka padh le
@@kjat4161 jaat bhai.. I have completd ma in ecomomivs.. Badi machli choti machli ko kha jati hai.. Us ka dekh lo.. Bil gates ke paas 5000 hectare zamin hai kheti ke liye.. 1 aam kisaan ke pass 2 se 3 hectare.. .
Quite Informative session! Enjoyed the timeline description!
We need Privatisation and disinvestment!
Indians, have to change their mindset.
On one hand they compare India with US and criticize or defame India as a country in terms of Economy.
And when government is taking steps to transform India into economic superpower, they oppose steps like privatization which is essential for economic development.
This government is hard core Neoliberal
You mean capitalist
@@Ordinary_vibes.17 capitalism is good lol, socialism is what sucks,they need to change those policies
Socialist and communist policies in long term, lead to corporatism
I think government policy is kind a mix of neoliberalism and Keynesism.
@@definitelynotyuribezmenov7611 What does capitalism lead to in the long term my guy?
Both are not good if you bring 'long term consequences'
'capitalism is good' lmao.
Wow I am finally watching a simple and clear video
Sir.. requesting you for 2 separate videos on Ramayana & Mahabharata..as both the Epics have huge who's who content
Very well & unbiased explaination Abhishek. Keep it up
Do you support Disinvestment & Privatization policy?
Sir missed the blunder of, Yes bank, ICICI bank, Laxmi vilas bank etc.
yes i do
Thank you so much youtube for recommending this video thus helping me to find an awesome channel
The other side reason of PSU's loss is lack of enthusiasm in employees. Most of the PSU's employees are lazy, old minded, less technical and having heavy perks. Change the old and lazy employees, cut in their perks and salary, and give more chance to youth, then see the results in 5years.
It's not see easy as ur writing..
Even small percentage of lay off will create massive protest in the country..
Even fm has said even after privatisation old employees will remain thats the precise reason.
This is an amazing video👏👏 It made everything clear.
REMEMBER SIR IT IS OUR PSU THAT HOLD THE ECONOMY IN CRISIS FOR EXAMPLE COVID19 PANDEMIC. NO PRIVET SECTOR HELPS US THEN. JOB LOSS , UNEVEN WEALTH DISTRIBUTION ETC MAKES OUR SOCIOECONOMIC STRUCTURE MORE POOR. BUT MAJOR PVT COMPANIES ASSETS SHOW 35 PERCENT INCREASE. SO ITS MY REQUEST TO U TO MAKE AN SERIOUS LECTURE ON THIS TOPIC.
How come you never came across aid given by private sector.
Private companies have helped too. Eg TATA. Most of the Indian MNCs has not fired their employees.
Your knowledge of conveying things are extreme sir ... ur job is priceless ...may be we r all lucky to deserve you.. the person who tell all the truth with proper analysis..
Thank u for giving proper knowledge of understanding things ...... I found a real guru within you by your knowledge and ethics. I just wanna thank u for everything sir..
Thank you also explain internet imperialism
My favorite GS teacher.
ONGC, Gail, ioc, and many other PSUs have never been in loss
But it has more profit making ability than now, so only govt have decided to sell its partial stake by retaining 51% of its stake.
You are not right bro I am working on ongc they are not doing there Best there is no time management jab mann karta hai tab aate hai
Hi Amit Sir, Ur Single video answered all my Qestions Hats off
Ok then let’s look at a different picture now. As you mentioned in the video private players go for efficiency and innovation. And from a capitalist pov I think machines are much more efficient than humans, and also private players doesn’t like labour benefits and stuff. Surely it will drive the economy but in a way it will also leave a lot of people behind, in turn widening the wealth gap.
I didn’t think it all the way through, would love to get your thoughts on this.
Machines make food to be consumed by machines n wealthy corporates!
Labour benifits your talking that's what govt to see weather people getting proper wages or getting needy benifits , you know in apspdcl power sector in andhra a women get a salary of 130000 every month she is pune in that govt office .most of people working in corporate sector they also getting benifits, based on their efficiency.
Will leave a lot of people behind? The majority of the lower class or lower-middle-class people work for private companies. The wealth gap is always created in a socialist economy. Venezuela, USSR, Cuba are all living examples. A capitalistic economy always vouches for equal opportunity. The phenomenon of crony capitalism is also found in socialist countries due to the licensing raj. Although, having said all this, the government should provide free education to all and free health benefits to all. Apart from these two sectors, the government should not subsidise anything else and leave it to the market. Speaking about labour benefits, even private players are bound to follow the labour laws. In fact, even organised workers in private companies are entitled by the law to be provided with many benefits. And as we progress as an economy, these benefits will increase. Please read "The basics of Economy" by Thomas Sowell. It'll give you a very good insight into how the economy really works.
If you filter the internet you will find AMIT SENGUPTA. ("Neat, clear, to the point explanation").
If govt wants to sale psu and going towards privatization arguing that for the sake efficiency of PSU n making profits out of it then what about its AATMANIRBHAR BHARAT?
HOW CAN WE SAY THAT WE ARE GOING TO BE SELF SUFFICIENT?
Pvt sector is also of india not some foreigners, n atma nirbhar is all about starting Indian businesses
@@Iranianmushrik then why fdi increased 74 percentage from 48 percentage in latest budget
@@repakasekhar1080 Bro that is FDI. Full form - Foreign Direct Investment
@@Iranianmushrik aatmanirbhar is about being a self sufficient and not to depend on others...
So it make sense that state should become aatmanirnhar to run his PSU's n all effectively efficiently n wisely...and if the state does so then in true sense it will set an example of being self sufficient n thus motivate others to do the same..
@Inspector Pelu china Pvt sector is investigating lot in RandD in India our pvt sector is not investigating on r and d secondly china Pvt sector busy in implementing advanced things our pvt sector busy in buying govt PSUs for cheap price which are used for day to day use products like petrol steel cement transportation
Strong reply to People crying against privatisation
Good idea, what if everything sold and still expenditure is more ?
What a quality! Kudos Amit!
I don't understand why people are protesting against privatization. Government will always have the power to nationalize any private company if needed. Most of the PSU's were private initially. 🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄
Marvelous.....!
Got the whole clarity
Damn good content sir
Sir BPCL was not in losses ...then why govt is selling it ?
@@physicsisdope4892 Yes bro definitely not equal.....coz BPCL's net profit is around 18000 crore in last 3 financial years
If bpcl will make profit then what the f do adani do 🤣🤣
Far better than one sided analysis
No offence to our old generation but they are the reason people of my age 25 to 27 or below ponder about getting into govt companies and services, they are the reason this nation lags behind in R and D, rather than encouraging their kids to be the new tata birla ambani they want them to work in an unemployable environment where a his/hers true potential isnt realised
Hi Amit , towards the end of the video, u say “I HOPE this video is helpful “ . U can without an iota doubt say that this video is extremely helpful.
U r a rockstar
Thank you very much sir.now who will explain this to pappu and his left brigade.they are just making fool of people - modiji desh bech denge.this disinvestment and privatization is important for growing our economy fast.
Fantastic Video.. Mr. Sengupta 🙏😄