2. Why PPP ? - A little bit from history
• Bankruptcy & insolvency of New York city.
• 1990 crisis of India & gold pledging @ IMF.
• Effect of recession of a country in global monetary
system & 2008 Recession.
• Underdeveloped N.Korea &
developing China.
• Collapse of Lehman brothers.
3. Awareness campaign & co-operation
• Business groups & Banks.
• Trade unions & labor.
• Political leadership & breaking of hierarchy.
• MAC & EFCB
• Recession - A Result of one polar policies & lack of will,
dialogue & structure.
• Legislation of massive financing.
• SBI too big to fail. (RBI)
4. New structures to meet needs.
• Public sector companies for energy needs.
• Professional appointments by govt. in corp.
• Pvt. Run firms but accountable to govt.
• Investment in steel clean air, clean river, infrastructure, power
plants, industrial parks, convention centers etc.
• End to the bureaucratic war.
• Disinvestment.
5. Changes but -partial faults
• Cries of socialism & emergence of new dualism.
• Neo- conservative: govt. is inept. There fore the less govt. does the
better.
• Liberal thesis: we can afford anything as we can print money.
• Concentrate on energy, productivity, export & inflation.
• “Action carries failure. But
failure with out trying
despicable”.