Active GD- The privatization policy of the center is a welcome move- Agree or Disagree?Remaining glued to its concrete policy of privatizing Public Sector Undertakings, a proposal has been made in the Union Budget by the Finance Minister, Smt Nirmala Sitharaman, for selling out government stakes in more PSUs with a view to raise resources. It is not only the PSUs or banks that are running at a loss that is being privatized. Prime Minister Shri Narendra Modi has also indicated that most of the Public sector units and enterprises are not performing well thereby proving to be a drain on the economy and has opined that privatization is the only way to bail out the loss-making units.
The government has given different reasons for its decision while a few experts are of the opinion that it has got nothing to do with the poor or average performance of the PSUs and have directly linked it to the privatization drive by the centre and have questioned the ulterior motive behind such a decision that has wide repercussions. The NITI Aayog has been asked to submit a list of non-strategic PSUs to the Cabinet to decide on disinvestment. The proposal has received applauds as well as wide criticism.
That being the background, let us discuss whether privatization of PSUs and Banks is a welcome move or otherwise. All aspects related to the disinvestment policy including the reasons for such a move, the effects and possible outcome may be discussed in this Active GD on the topic -The privatisation policy of the centre is a welcome move- Agree or Disagree?'
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