PSUs are in direct competition with private sector: Ram Vilas Paswan -Governance Now

PSUs are in direct competition with private sector: Ram Vilas Paswan

Governance Now fourth PSU Awards: We cannot imagine the future without public sector undertaking

GN Bureau | December 24, 2016

#private sector #cashless #demonetisation #economic development #Ram Vilas Paswan #Governance Now PSU awards #PSU

Ram Vilas Paswan

Public sector today plays a big role in the economy and it is in “direct competition with the private sector”, said Ram Vilas Paswan, union minister of consumer affairs, food and public distribution at Governance Now fourth PSU Awards ceremony held on Friday in Delhi.

Giving an example, he said we cannot imagine the private sector selling wheat at Rs 2 a kg and rice at Rs 3 a kg.

“We cannot imagine the future without public sector undertaking,” he added.

READ: PSUs are a great tool for economic development: Babul Supriyo

Paswan noted that bureaucrats need a positive attitude to develop the country. “Politicians have more heart and less brain. Bureaucrats have more brain but less heart. When brain and heart work together, then only will there be a revolution,” he said.

“Their attitude is like we will do our work for eight hours, after that it’s all government’s responsibility,” he added.

He stressed that national interest should be top priority for bureaucracy, and not caste or religion.

“When someone works in public sector, he or she is considered inefficient, but this is not the case with the private sector. We need honesty in the public sector. Today we cannot think about anything without adulteration. “

On demonetisation, the union minister said, “We know that the country lacks infrastructure to support cashless transactions, we accept it. But to achieve something, we have to go through difficulty. It is a temporary phase.”

READ: Despite privatisation, fantastic growth in PSU sector: Vinit Goenka

The minister said that demonetisation will “end corruption and bring transparency”. It will also help increase cashless transactions.

“On a flyover, vehicles can run on it at a speed of 100 km/hour. But, while building the flyover, vehicles can run at barely the speed of 10 km/hour,” he said and cited another example: “When building a house, a lot of dust is raised.”

He also said that his department has started making all its transactions using cashless channels, post note ban. “This encourages transparency and systematic working in the public sector,” Paswan says.

Paswan ended his speech saying, “We have the potential. The market is here in India. We need to work by keeping national interest in front.”

READ: PSU, technology are pivotal to India’s growth story: Experts

Comments

Other News

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said: