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

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv. “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent