Public Sector, in totality, can expand , make huge profits , give employment to Crores of people on its own ; without any government help/package or bail out package.....(This is true world wide)
* All it requires is to remove all - right from corrupt ministers to corrupt officials - who
wants to destroy public sector ; and prosper themselves and prosper private sector.
* Plus all well meaning politicians can pick up the best of the talents from
private sector at premium salaries and remuneration. These is how private
sector companies like Reliance have done in past and snatched away talents
of public Sector ,the talent which got nourished by then public sector.
I have written about this before and just repeating.
In Dubai there are no taxes and all the revenue for the government
comes from Fines - punishment money from law breakers.
We can also Fine lawbreakers and generate government Revenues.
e.g. (1) Fine on spitting in public places (2) breaking traffic rules
- this can be done by using CCTV cameras (3) Public smoking
(4) chewing gums (5) destroying public properties (6) damaging
tourist places etc.
Plus all the defaulters of excise duty, Custom duty, Sales tax ;
defaulters of nationalized banks should be forced to pay their
Fast track courts should be set up to auction their attached properties
and fulfill their dues and liabilities.