Shiv Sena, the Bharatiya Janata Party’s best friend, has petitioned the Narendra Modi government to take over Jet Airways, the unwell personal provider which lately stopped all its operations.
This would imply the nationalization of Jet Airways – the usage of public cash to shop an inadequately controlled non-public business. That too, in a zone in which the Indian government’s airline, Air India, is bleeding the ordinary taxpayer thru gathered losses of more than Rs 53,000 crore despite the continuous bailouts. This wide variety in perspective is more than India’s whole health finances for 2017-18.
This idea rekindles the darkish nationalization days of Prime Minister Indira Gandhi. As is famous, for political and ideological reasons, Indira Gandhi went on a nationalization spree with the authorities taking manage of banks, popular insurance, and a bunch of other things, which included coal mines, copper, textiles, wagons, iron, and cotton. Nehruvian socialism is frequently blamed for Indira Gandhi’s nationalization misadventures. Nehru has been the handiest punching bag within the closing five years. Right from China blocking off the designation of Masood Azhar as a worldwide terrorist to the woes of today’s farmers, Nehru, who died extra than 50 years lower back, is mysteriously held answerable for all the disasters of the modern-day authorities.
