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On: March 13, 2025
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Shaping India’s Tech Future
Transformative Role of Technology: Technology is essential for economic and social growth. Challenges: Regulatory hurdles and adoption barriers threaten sustainable growth. Key Drivers of India’s Tech Revolution Digital Public Infrastructure (DPI): Includes UPI, Aadhaar, and ONDC. Promotes financial inclusion, e-commerce, ...
On: March 13, 2025
Daily Answer Writing Practice Questions (13 March 2025)
Discuss how the withdrawal of general consent to the CBI by certain state governments in India poses a challenge to the spirit of cooperative federalism. (200 words) भारत में कुछ राज्य सरकारों द्वारा सी. बी. आई. से सामान्य सहमति वापस ...
On: March 12, 2025
Daily Answer Writing Practice Questions (12 March 2025)
What are Development Financial Institutions (DFIs)? Discuss the challenges these institutions face in India. (Answer in 200 words) विकास वित्तीय संस्थान (DFIs) क्या हैं? भारत में इन संस्थानों के सामने आने वाली चुनौतियों पर विस्तार से चर्चा कीजिए। (उत्तर 200 ...
Privatization of Public Sector Banks (PSBs): Necessity and Issues
It is frequently believed that privatizing PSBs will increase financial performance, decrease political meddling, and increase efficiency. As seen by the profitability and innovation of private banks, private ownership usually results in improved governance and accountability. Additionally, privatization would lessen the financial strain on the government, which regularly provides cash infusions to sustain PSBs.
Privatization does, however, provide a number of difficulties. Due to economic considerations, private banks may ignore the vital role public sector banks play in financial inclusion and financing development initiatives. Bank workers may experience job instability as a result of privatization, upsetting labor relations and lives. Furthermore, private banks could overlook low-income and rural communities in favor of metropolitan and high-profit locations.
Strong regulatory frameworks are also necessary for the selling of PSBs in order to maintain openness and avoid monopolization. Inadequate planning could have negative economic effects, such limiting underprivileged people’ access to financing.
Although privatization can improve the overall performance of the banking industry, the government must balance public welfare with profitability. To properly address these issues, regulatory frameworks, financial literacy initiatives, and inclusivity-ensuring procedures are necessary.