Rahul Gandhi's Tirade Against Monetising Public Assets

Does the National Monetisation Pipeline amount to "selling India's crown jewels" as Rahul Gandhi chose to describe it?

Transcript

00:00Now, the prime minister is in the process of selling the crown jewels of this country.

00:07This thing is going to ensure that our young people do not get jobs.

00:13The prime minister is working for two or three monopolists.

00:30The prime minister and the BJP said that the congress party has done nothing in 70 years.

00:59There is a list here of all the assets that the congress party has helped build.

01:09These assets have been built using public money, thousands and thousands of crores of

01:16rupees over the last 70 years.

01:20Now the prime minister is in the process of selling the crown jewels of this country.

01:28Now we had a privatization policy.

01:32We are not against privatization.

01:34We believe that there should be a strategy for privatization.

01:38What were the pillars of our strategy?

01:40First of all, no strategic asset will be sold.

01:46In that there is defense, in that there is railways.

01:49You can see that a strategic asset is being sold.

01:56We said only companies which are chronically loss making, only companies which have minimal

02:02market share and we will not sell companies where there is a risk of a monopolist.

02:11So whether public sector can help ensure that the industry is fair, free and is not monopolized,

02:17we will not sell that sector.

02:20This entire privatization is designed to create monopolies.

02:25The whole idea behind this thing is to create monopolies for three or four people.

02:31And my young friends who are today searching for a job cannot find a job.

02:37You have to understand that the reason you cannot find a job is because the entire small

02:43and medium industries have been destroyed and the reason they have been destroyed is

02:47because the prime minister insists on building two or three monopolies that own everything

02:54in this country.

02:57This is not just a gifting of India's assets.

03:04This is going to ensure that the young people in India will not be able to find employment

03:11in the future.

03:12The prime minister is not working for the people of India.

03:16The prime minister is working for two or three monopolists.

03:21The central idea here is that what this country has built over the last 70 years is being

03:28given away.

03:29Now you are going to take a little bit of rent from that asset and you are going to

03:32gift the asset to these people and what is going to happen after 40 years?

03:36Who knows?

03:37Who knows what is going to happen after 40 years?

03:42The government clearly has mishandled the economy.

03:45The government clearly does not know what to do.

03:48They have basically destroyed what the UPA built and now as a last resort they are selling

03:57everything that we had helped create.