Comments by "XYZ ABC" (@123xyzabccba) on "ThePrint" channel.

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  6. It’s high time reservations is introduced in the private sector because it’s the most inefficient sector of India and is creating huge pile of Non-performing-assets year after year. Most of the tax evaders, fraudsters, cheats and manipulators come from the private sectors. Besides the private sector enjoys various sops and tax breaks from the government. Presently there’s rampant cronyism in pvt sector not just in terms of business but also in terms of employment. The Late jurists Mr Palkhivala was an ardent critic of reservations for the oppressed castes but when questioned about the preferences given to parsis in parsi dominated pvt as well as public cos like Godrej, Bombay Dyeing, Tatas etc , he had no answer. Similarly, before the opening up of the economy it was very common to come across articles by Mr Bajaj critical about public sector and reservations policy but the same Bajaj hypocritically formed Bombay-club - collective bunch of crony-capitalists - just to oppose the new economic policy which pitted the desi cartelised Bania-type business practices against the modern state-of-art foreign technology and global management practices. The list of instances of the hypocritical practices of the Indian pvt sector is non-exhaustive but the aforesaid instance is enough to expose the hidden crony-mindset of this sector. It’s high time the Bania-bamman stranglehold over 80% of India’s wealth is done away with otherwise India will keep witnessing regression in business just as it is witnessing in the social sphere.
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  24. The credit for laying the strong foundation for industrial growth should go to the Nehruvian policy of mixed economy comprising of the public sector which was entrusted with the task of undertaking the establishment of core industries requiring huge investment and the private sector for which the consumer goods sector was kept reserved and insulated from foreign competition. The public sector succeeded in accomplishing the task but the private sector was pathetic baring a few notable exceptions. So long as the income disparities continued the casteist bureaucracy from middle to top level didn’t mind the socialist flavour of the Indian economy but as the distribution of income started becoming less skewed and more egalitarian and when indira gandhi, to survive the political storm brewing against her, embarked on the journey of full scale socialism by nationalising banks - which till than were the preserve of the dominant Bania-Bamman lobby - and insurance companies the casteist bureaucracy started doing everything possible to scuttle the positive effect of socialism. In China the bureaucracy played an important and positive role to ensure the success of its public sector as well as the pvt sector, but such was not the case with the casteist Indian bureaucracy which had never aligned with the socialist objective of the economic policy propounded by the congress under indira and therefore played spoilsport covertly. Today even after more than 30 years of liberalisation not a single product manufactured by the Indian private sector commands international respect, including software industry where Indians are more visible as cyber-coolies rather than inventors of new-age IT products like Twitter , facebook, WhatsApp , insta, youtube etc. The only dubious record the Indian private sector has made is the massive creation of NPAs and gigantic bank frauds and here also the culprits are from the minority castes of bamman + Bania who are just over 10% but maintain their stranglehold over 80% of nations wealth …..
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