Privatisation: What Does It Really Mean? https://www.youtube.com/watch?v=MCzLHMip4LQ Mar 5, 2021
"The talk about privatization is actually selling some assets into the private sector; the ones that have raised a lot of hope in the markets are two public sector banks and one of the general insurance companies. For the banks, it would be a grave mistake to sell it to an industrialist," says Raghuram Rajan, former RBI Governor, on what privatisation really means in the Indian context.
He didn't favour privatisation, he said
1. Must improve governance to public sector bank
2. Bring in more professional to run public sector Bank
3. Give the board of director of the bank the authority to hire and fire the CEO
4. then take away the governance, make this public corporation run in public interest own by public rather than government.
Watch full show: https://youtu.be/OyF0soecmTE
Prannoy Roy, Raghuram Rajan, Kaushik Basu On Farmers' Protest, Economy Mar 4, 2021
In this second part of four Townhalls on post-pandemic India, Prannoy Roy discusses farmers' protest and economy with Raghuram Rajan and Kaushik Basu, as well as the Nobel Prize winners Paul Milgrom and Abhijit Banerjee. The panel will also take a close look at the Union Budget, and in particular, on the word privatisation. The panel will also discuss the importance of global ratings.