Economics of Rail Nationalisation - Revision Video Which ownership is best for running a rail network? There has been a long-running debate in the UK about whether the rail network and train services - which at present is a mix of state and private sector control - should be brought back under public ownership via a process of gradual nationalisation.
A second dose of nationalization of 6 more commercial banks followed in 1980. The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the Government of India controlled around 91% of the banking business of India.