PRIVATIZATION OF PSUs

Sri Ram Nath Govind,

H. E. President,

GOVT. OF INDIA,

New Delhi

His Excellency,

                 PRIVATIZATION OF PSUs

There are news and action in govt circle about privatization, strategic sale and disinvestment of govt holdings in PSUs. People at large, don't like it. They feel, the govt is doing it to favour corporates, give them at penny some ailing Institutions. 

As a matter of fact, your govt got in heritage an ailing nation, be it economy, social or political system. We don't think, the privatization is panacea to ills in these areas. 

It's cultural bondage of Indian people not to sale assets, even in hard days. They keep up even valueless things in memoir. Public Sector Undertakings are taken as national assets. People are uncomfortable with this or the earlier govts policy of privatization, disinvestment, strategic sales of Public Sector Undertakings.

In Banking sector, bank men went against 'consolidation' of PSBs, just out of sense of self belongings and to preserve the identity of their entity & memoirs of Founders. Public institutions are for public good, while Corporates are for self attainment. Public institutions's profits are ploughed back in Public institutions and if losses it turn out to be a gain of people. It's public good of wefare governance. Corporate hospitals have shown their inhuman character in existing pandemic conditions, where per day treatment cost touches lakhs. Is there any sense now to ignore priority of public health facilities? Similar condition exists in education sector. Therefore, the Govt should look to these areas and must reduce dependence on private institutions in these areas of public good.

Govt ownership in Institutions like Banks, Insurance, Railways, defense productions, road, electricity, water resources, energies etc shouldn't be diluted. Banks hold people's precious savings that constitute the pool of liquid assets of nation. Banks must remain in govt. control that give sovereign guarantee to safety, security & payment of deposits to depositors. Similar is the condition of LIC, GIC. However, in Banking & Insurance sectors, private players are allowed, let them do their business, but if Public sector involvement in these sectors are weakened, it will strengthen private players undoubtedly. It's the opinion of common men.

We respectfully request His Excellency,  to please advise govt to strengthen Public Institutions in national interests. They are the most powerful tools in the hands of government to deliver goods to people. Banks are proving economic life line of people. Banks are ailing, because of plunderings by handful people in connivance with UPA govt. Banks have done yeomen service to nation & people, be it demonetization, jan-dhan accounts, life insurance, accidental insurance, direct transfer of benefits, credit deliveries to farmers, self employed people under govt schemes. His Excellent may look to tremendous success which these PSBs have made in these areas and compare the same with the achievements of private Banks in these areas.

Nation & people are of unanimous view that the govt must abandon the process of privatization, disinvestment, strategic sale of public institutions, which are life line of nation & people. We can bear with our pain and wait for relief, but we are not willing to bear the unhealing wounds that privatization, sale, disinvestment will inflict on nation and people.

We have conveyed our score said concern & feelings to Hon'ble Prime Minister.

We respectfully pray His Excellent to please consider our above view points and advise the govt to respect peoples opinion & abandon their move in these regard in national interests. 

Respectful Regards,

Sri JN Shukla

Copies to: 

ALL HON.'BLE CABINET MINISTERS

GOVT OF INDIA

Sri Narendra Modi,

Hon'ble Prime Minister,

GOVT. OF INDIA

New Delhi

Hon'ble Prime Minister,

                 PRIVATIZATION OF PSUs

There are news and action around about privatization, strategic sale and disinvestment of govt holdings in PSUs. People at large, don't like it. They feel, the govt is doing it to favour corporates, give them at penny some ailing Institutions. 

As a matter of fact, your govt got in heritage an ailing nation, be it economy, social or political system. We don't think, the privatization is panacea to ills in these areas. 

It's cultural bondage of Indian people not to sale assets, even in hard days. They keep up even valueless things in memoir. Public Sector Undertakings are taken as national assets. People are uncomfortable with this or the earlier govts policy of privatization, disinvestment, strategic sales of Public Sector Undertakings.

In Banking sector, bank men went against 'consolidation' of PSBs, just out of sense of self belongings and to preserve the identity of their entity & memoirs of Founders. Public institutions are for public good, while Corporates are for self attainment. Public institutions's profits are ploughed back in Public institutions and if losses it turn out to be a gain of people. It's public good of wefare governance. Corporate hospitals have shown their inhuman character in existing pandemic conditions, where per day treatment cost touches lakhs. Is there any sense now to ignore priority of public health facilities? Similar condition exists in education sector. Therefore, the Govt should look to these areas and must reduce dependence on private institutions in these areas of public good.

Govt ownership in Institutions like Banks, Insurance, Railways, defense productions, road, electricity, water resources, energies etc shouldn't be diluted. Banks hold people's precious savings that constitute the pool of liquid assets of nation. Banks must remain in govt. control that give sovereign guarantee to safety, security & payment of deposits to depositors. Similar is the condition of LIC, GIC. However, in Banking & Insurance sectors, private players are allowed, let them do their business, but if Public sector involvement in these sectors are weakened, it will strengthen private players undoubtedly. It's the opinion of common men.

We respectfully request you, sir,  to please strengthen Public Institutions in national interests. They are the most powerful tools in the hands of government to deliver goods to people. Banks are proving economic life line of people. Banks are ailing, because of plunderings by handful people in connivance with UPA govt. Banks have done yeomen service to nation & people, be it demonetization, jan-dhan accounts, life insurance, accidental insurance, direct transfer of benefits, credit deliveries to farmers, self employed people under govt schemes. Look to tremendous success which these PSBs made in these regard and compare it with the achievement of private Banks in these areas.

Nation & people are of unanimous view that your govt must abandon the process of privatization, disinvestment, strategic sale of public institutions, which are life line of nation & people. We can bear with our pain and wait for relief, but we are not willing to bear the unhealing wounds that privatization, sale, disinvestment will inflict on nation and people.

Pray for your kind consideration and decision.

Respectful Regards,

Sri JN Shukla

(J. N. Shukla)

National Convenor

10.8.2020

9559748834