Government Has "No Business To Be In Business": PM Narendra Modi | Read

Prime Minister Narendra Modi today made a strong case for privatization of Public Sector Units that he said burdened the taxpayer, and stressed that the government has "no business to be in business". He also emphasized that his government was working towards the mantra of "monetize or modernise" to benefit citizens. "When a government engages in business, it leads to losses. The government is bound by rules and the lack of courage to take bold commercial decisions," the Prime Minister said, addressing a Webinar on privatisation by the Department of Investment and Public Asset Management.