The decision taken to safeguard one's chair and not in the national interests are bound have long term adverse effects. India has adopted half-hearted socialism just to mislead the masses. Whereas in a communist country decisions are taken in the national interests and beyond the aura of national leaders. Nationalized and Coperative banks have become white elephants sucking the blood of masses. Even the banks in private sector more or less follow the buraucratic approach with least productivity. Banks is the blood of nation. If the blood is contaminated what is the fate of nation. As the time passes India will have to revisit the old paradigms many of which will call for total change. Criticizing BJP (required to revolutionize) will not change the fate of India, her masses.
The fact that today we have such high interest rate is only because the banks were nationalized and wastages were suffered. The kangi morons in this forum have not understood at all and abusing him. Remember the farm loan waiver by fonia maino to win 2009 elections? she won the elections but the interest rate shot up. Did the farmer's sucides come down? No! But fonia Maino's and her sisters' coffers definitely filled up.
I am ashamed have such people as our Economic Advisors. There is no lower to stoop down. He has probably spoken the BJP agenda. If you have any respect left in you, DE-NATIONALISE THOSE BANKS. The poor plight of a land with these Advisors.
Re: NATIONALISATION OF BANKS
by Mature Stud on Jul 21, 2015 05:46 PM
hehehe... pls use your brain sir! The nationalized banks have failed to support the growth of many many years! Indira Gandhi had stopped all economic progress and had pushed us backwards by decades. Remember the progress of china?
Re: NATIONALISATION OF BANKS
by manish tiwary on Jul 21, 2015 06:50 PM
true,I feel Nationalization of banks was good at that point of time , if they think it is not necessary now they should denationalize it, it seems only political view.
Re: Re: NATIONALISATION OF BANKS
by on Jul 21, 2015 09:59 PM
Nationalisation of Banks was not a bad decission. Simlarly no decission is bad. Take for example AAdhar and this is also not bad. But, Aadhar has become a tool of intimidasion and corapsion in the hands of all petty officials acros nation. So moral and lesson is that not decissions but the people implementing it are the calprits of warst kind. If 905 of Govt offcals are of this kind what can happen to nation even if a right decissn is taken. Pl note total emps form 1.5% of total pop and incl their fam members thier strength is about about 7%. But entire nation's prosperity lies in the hends of those 7%. OK.
This advisor and his boss have no original economic policy. They only know that they have to be anti socialist, anti communist and anti congress. But they don't have any idea what they want to be.Only idea they are sure that they have to oppress and suppress minority and establish a religious majority hegemony.
Re: Ideology
by Mature Stud on Jul 21, 2015 05:57 PM
hehehe kangi communist moron... pls write your comment after you understand what he wants to convey! Just BJP hatred wont help. Modi is silently changing the face of this country.
though banks have been used for political purpose and political reasons but more than 99% had been too poor and nationalisation made them to have at least little comfortable life though poorest might have very little
Re: nationalisation...
by Arun Mittal on Jul 21, 2015 05:13 PM
Mr. Subramaniam talking only from Banks point of view but not with a larger national interest in the mind ! It is something in hindsight !
to find the name in head lines , please donot talk and write some thing. India surveys on Nationalised bank. the economy is good because it was controlled by the RBI. And try to do something better instead of talking when you are school going child
Re: do some good thing instead of criticising
by Arun Mittal on Jul 21, 2015 05:14 PM
You are right ! Conventional wisdom by RBI saved the day every time for the country every time the economy was in dire straits ! Look what happened in US at the time of sub-prime crisis.
to find the name in head lines , please donot talk and write some thing. India surveys on Nationalised bank. the economy is good because it was controlled by the RBI. And try to do something better instead of talking when you are school going child
one canot say so.many private players took away poors money at that period there was dirth of capital in the economy .india is not western india only it created a huge middle class sector giving employment to so many
though i am a modi supporter,i vehemently condemn this guys remarks.bank nationalisation is one of the great thing that happened to india and the credit must go to indira gandhi.
during 2008-2009 global financial crisis,all the worlds so called great banks like dsp meryll lynch,lehmann brothers who have more than 200 years of history gone bankrupt and shut shop wheras the only 2 countries banks not only survivied this crisis but infact were profit making and those were india and chinas banks because they were national banks and withstood the shocks of mad globalisation.
if modi follows these type of peoples advice, then bjp will surely loose power in 2019 same like in 2004 when it indulged in mindless divestment of profit making psus that too for 1\10th of thier original prices to crony capitalists.banks,insurance,railways and defence psu's are the security concerns for any nation and it should not fall into private and foreign hands.learn from china.if that is done it is like giving financial autonomy of a country to foreign hands.
Re: this guy is nothing but corporate crony
by sameer sharma on Jul 21, 2015 05:31 PM
Please understand different between a retail bank and an investment bank.
Re: this guy is nothing but corporate crony
by Rahul on Jul 21, 2015 05:37 PM
Kind of delighted service you will get from Pvt banks like ICICI/AXIS you wont get from the so called nationalised Bank
