Dr Arvind Virmani (Phd) Profile picture
Aug 19, 2020 6 tweets 3 min read Read on X
There is great #progress under @narendramodi @PMOIndia, on the issue of retaining Public Sector only in Strategic Sectors & in limited numbers (1-4), so as to fully benefit from privatization & private competition. 👏👏. I hope all elements are formally approved within a year.
2/pvt Ports, Airports & other "Natural monopolies' have limited competition from similar facilities in 50-75 km radius. Whether they are owned by Govt or privately, they have to be regulated by independent professional regulator(s), to function efficiently in public interest.
3/pvt 3/pvt The strategic privatization policy was spelt out by Finance minister a few months ago. It's very comprehensive. Once approved formally by the Union cabinet and notified, it will be the first major change in Public sector policy since Nehru-Indira. Several specific..4/
4/pvt Several specific steps, such as the new policy on commercial coal mines, pvt train service, defence production & FDI, pvt sector in space..., indicate that the Govt is now taking a comprehensive view of public sector, privatization, private entry into markets & competition.
5/pvt For those who think #Marxian #Sociology is #Economics: "Natural Monoploy" means that it's th only efficient market form & an oligopoly would be inefficient. Thus, only way to balance efficiency with public interest is thru rational regulation based on yrs of Wrld experience
6/pvt and to understand the effect of Govt/Public sector monopoly in multiple dimensions (from 1955 to 1990), read sites.google.com/site/chintan19…

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More from @dravirmani

Aug 5
#Hinduphobia is not defined in English dictionary so it doesn't exist. Only #Islamophobia & #AntiSemitism are real!
2/HP 🍉🍉🍉"Data/facts are irrelevant! We recognise Islamophobia when we see it!"
3/HP "Western Woke intellectuals, media and politicians (🍉🍉🍉) exaggerated random lynchings and over-generalized from few hate speeches; we should not follow their despicable example"
Read 11 tweets
Jun 30, 2023
Upside potential & downside risks have been more or less equal since the start of the financial year (in April 2023) ecoti.in/u6n-Ub
2/IndEc A ringing endorsement👍🏼 for FDI into India by US & EU(+UK) MNCs, by four professors, in the Harvard Business Review (#HBR) 👌🏼 hbr.org/2023/06/does-y…
3/IndEc The more that US business, entrepreneurs & professionals learn about Indian infrastructure, digital economy, financial system and Green ambitions, the more #FDI will flow into manufacturing.
Read 63 tweets
Jan 28, 2023
One should be inured to the pro-China, anti-India, bias of the Anglo Saxon world, & its subalterns [ jstor.org/stable/30030642 ], but sadly after 50 yrs, one is still not!
2/ir #India’s #rise is causing deep disquiet in the #Anglo #Saxon #World and among its subalterns. #Information #War will intensify in next 3 years, and won’t subside till India becomes the third largest economy in (current) USD.
Read 5 tweets
Jan 28, 2023
As a National Security Strategist * find it a little difficult to interpret such statements by Senior officers of the US armed forces, in the broader context of the PRC threat!
2/nss Sweet spot for PLA aggression: #Elections in raucous democracies. => Lesson: Armed forces in threatened countries, should have more operational autonomy during election period.
3/nss Post script: #India’s general election is also in 2024
Read 4 tweets
Jan 28, 2023
2/res Ths who’ve never done #research in lifetime find it difficult to understand, why this is critical, for directing commissioning & using, good policy relevant research [An internal core of researchers is key to success]. For them ideas & analysis can be bought like software📦
3/res Any org that merely reacts to media headlines, & questions raised by critics, is like a consultancy organisation, not a think tank. It can never anticipate problems, nor create imaginative new solutions. Worlds top consultancy orgs. reward salesmanship not analysis… 4/res
Read 5 tweets

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