Privatization of government companies in India -A need of the hour

Transactions were prevalent, when there was no ingestion of money. However the bunter system was in existence at that time. Therefore another article was available in place of one . As the times changed the native of trade also got changed. After the ingestion of the wins, all money transactions were done by money. As the development of the occupation changed. After the Industrial revolution, there was speedy development in the country. Many new government companies come into existence after the country got freedom. However, in the actual sector of the transaction, a rupee was at the centre point and it let to the financial exploitation of the poor people in the money lender system. Hence in the then regime of the prime minister shrimati Indira Gandhi, Nationalizations of 14 Bank were done in the year 1969. So that there should be transparency in the financial sector, and were bought under the Government control, which was considered as a big leap towards a dialogue of financial pride in the country.