BANKS NATIONALIZATION HAS RUINED INDIAN ECONOMY?

During 1968-9 the then PM of India introduced this idea with good intentions but Indians are expert in money matters and corruptions.Now the present Modi Govt is at the receiving end.When the country was in rotten state UPA  handed over India to NDA, and Modijee fell in to their trap.

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Nationalization of anything is dangerous for the country.

If you don’t agree with me, imagine the following:

·         Nationalization of all private schools, colleges and universities.

·         Nationalization of all hospitals and dispensaries

·         Nationalization of all telecommunication companies

·         Nationalization of all car companies

·         Nationalization of all hotels

·         Nationalization of all airlines

Nationalization of all road transport.

I had been in the government service for over two decades and I can say with great conviction that government organizations can’t deliver any quality service due to the factors like:·        

    1.Complex procedures

       2.  Influence of unions

·         3Pay Commissions

·         4Seniority based promotions

·         5Political interference

·         6Job security

7Reservations