Comments by "Sankalp" (@sankalp6872) on "Decoding new MMDR Act as Modi govt pushes long-awaited mining reforms in India" video.

Those who trend STOP PRIVATISATION and those who fall for the trap should google the annual reports of PSUs. Most are simply money disappearing blackholes. India needs more courts, IPS and IAS officers for efficient administration. Money poured on non-performing PSU's can be spent on hiring more of these officers and private players can run them efficiently creating more employment.
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Another good reform, therefore, be prepared for another Delhi siege and Ambani-Adani jibes. Fortunately, most Indians are educated enough to not fall for the trap laid out by LEFT media and LEFT Activists.
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@sauravblr The most profitable amongs PSUs is IOC at about Rs 14,000 cr and ONGC at about Rs 13,445 cr (Also, GAIL at Rs 10,000 cr). Chief Loss makes include Air India = 15,475 cr (loss) BSNL = 15,499 cr (loss) India Post = 14,904 cr (loss) BHEL = 1,472 cr (loss) It is not about privatisation as much as it is about lack of efficient management. Even firms like SAIL and BEL are relative underperformers and I have ignored all banks (which are a sad story of incompetence). However, recent restructuring and mergers in banking are highly encouraging. Among the above loss-makers revivals seems like a distant dream for Air India and BSNL but India Post and Indian Railways need not be privatized if they can be remodelled on the lines of the highly successful German post (DHL). Indian Railway is a monopoly. It is sad to see it tumble like this. It has potential but is compromised by politics.
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@ApneBhai Yes Bank generated fantastic returns over the years. It flew too close to the sun and got burned but Govt intervened and saved it. Also, RBI has made norms much stricter since the whole Yes Bank fiasco. Also, No depositor lost money in Yes Bank. Privatisation does not mean that no private entity will ever fail. Badly run business will perish like the way they are supposed to and efficient systems will prevail.
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@shrutisontakke9777 It was SBI that picked up stakes in Yes Bank. It is not uncommon for Govt's to intervene and bail companies out in case there is still value. Happens all the time in the US. Banking is a special sector. Nobody can afford to see a bank crumble. Hence, if a problematic bank is detected it would be prudent for the Govt to interfere and fix the bank like UK and US Govts. In India, GoI bails out PSBs by more pumping equity regularly (which is fine) but it does not fix the problems like a phone call from politician to disburse loans (which is bad). At least with private banks, there is a scope of building an ICICI or HDFC and many others like Axis and you have some occasional bad apples like LVB but at least they perish to make way for the efficient ones. Of course, GoI must ensure that depositors don't lose.
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