Points to remember before you participate in this discussion:
|Maha said: (Aug 6, 2017)|
|The public sector should not be privatized. It is not needed. Our government do its work correctly with no corruption. That only enough. It is my own opinion.|
|Ashish said: (Jul 29, 2017)|
Public sector banks are not doing bad job only problem us their are some loopholes in the system. If we talk about NPA's then we will think of privatization because NPA's is the biggest problem for Indian banks. Private banks have good managerial system to deal with this the only thing that public sector bank have to do is adopt the right system to deal with the solution. Their are many solutions for any problem not only privatisation is the solution as it may have adverse effect on its employees.
|Manu said: (Jul 22, 2017)|
|Yes, of course, in public sector so many people are lazy of their works and also corrupted, even in the small village people's are now corrupted what about urban Areas? Has No government changed all these? If the public sector allows strict rules to employees no problem we will go with otherwise India still developing. In order to privatise India make the charges constant which will be useful to all the classes.|
|Rav3653 said: (Jul 15, 2017)|
|There's no need of public sectors to be privatized. We know how private sector works. They work only with one motive profits. They don't care for other things. They don't bother about workers, working conditions, more work less pay, everything commercial. No social responsibility.|
|Ashish Garg said: (Jul 14, 2017)|
|Yes, Public sector should be privatised in order to avoid the excess use or we can way excess wastage of money. The corruption in public sector cannot be exactly calculated people are missing their posts in order to have more capital. As you all must be very well aware all the public places are untidy and no one takes responsibility of that for eg. The condition of Indian railways is worst which is a public sector when we compare it to Delhi metro which is a private sector. Privatising the public sector not only provide better facilities but also keep account of each and every spendings.|
|Abhinav said: (Jul 9, 2017)|
|I think that Public sectors shouldn't be privatised because it can lead to many wrong things:
1. There will be an effect on regional flavour and it may end regional focus.
2. There should be some target based work and in which employees should be attracted with some interesting incentives which will result in good efficiency.
3- Public sector banks are the backbone of our economy and if they will be converted into private organisation then it will affect our economy so badly. So that's why they shouldn't be privatised.
|Arjun Singh said: (Jul 4, 2017)|
|There are two things to be considered at most.
1. If we privatise all the PSU, then definitely private sectors won't care about the poor people. They will become free to operate on their own.
2. If we didn't privatise PSU, the progress would remain stagnant. This is because of the fact that government officials do not work that seriously and progressively as private officials do.
So we need to find an intermediate solution and it could be like privatisation of some public undertakings. And with that, we can expect from both the sectors to produce the tangible result and work at their level best in every manner.
|John said: (Jul 4, 2017)|
|Keeping the current scenario in mind the Psu's making profit should be left untouched on the other hand psu's which are dealing in a loss should have a public-private partnership so that it can reap the benefits of both work ethics of private and keeping social obligation in mind of the public sector.|
|Aayush Chalana said: (Jun 25, 2017)|
|I think public sector should not be privatised because,
1. If any of public sector comes under private organisation, they will think of their own good and profit will not be used for social upliftment or development.
2. The working condition of employees in private organisations is not good. They work for 10-12 hours for lesser money.
3. Actually, people working in public sector should change their way of doing work. They should be well dedicated and there should be proper administration & management in public sector. In this way, you all would agree, the public sector will be far better in each way.
|Diwan Sha said: (Jun 20, 2017)|
|In public sector, political interference is more.
More profit may gain in public sector they will improve in the government.
People safety will more in private sectors.
|Sopez Levi said: (Jun 14, 2017)|
|Hello every one.
No matter what ever bank it is service is important the most hell banks in India
1. Andhrabank worst service they will make you cry.
2. Canara bank famous for its charges storage bank.
3. Central bank of India and Indian bank 0%support from bank officials first of all these banks has to be privatized remaining banks are ok SBI IS PROVIDING satisfactory service/ ICICI, HDFC, KOTAK, HSBC CITI are providing good service when it comes to axis bank some employees are head strong all in all Private sector is more customer friendly than the Public sector.
|Mohd Tabish said: (Jun 14, 2017)|
|Our country is at developing stage. When we talk of privatisation, it not merely includes banks. The public sector cannot alone cater all the need and wants of a large number of consumer, in such a case they have to change to privatisation. For example, telecommunications. Moreover, privatisation and globalisation improve the standard of living. But at the same time, it is not advisable that all public sector should be privatised.|
|Neeraj said: (Jun 12, 2017)|
|14 banks were nationalised in 1969. Thereafter 6 more in 1980. Why?
Because they were mostly concerned for the profit motive. They established their branches in urban areas where profit margin was more. Did any bank think for social welfare or upliftment. The answer is no.
So banks were nationalised to cater the needs of rural as well as poor people.
Now if again banks or any other public sector are privatised it means you are taking your hands out from helping rural people. You are no more concerned about social upliftment. So better options are thoughts for alternate ways to earn a profit by reducing the non-performing assets. Or public-private partnership. So that you can join hands with rural people as well as urban for the profit motive.
|Dr Aniruddh Kumar said: (Jun 3, 2017)|
|Please concentrate on public benefit.
In a country like India where democracy is ruling, each and every sector sud be public. Here all people of India as a family, are doing business, here owner and labour are same, profit from business is used for better education, treatments and development of whole country people. What it means the real democracy. Other wise, after growing sectors of privatisation, capitalisation would rise, exploitation of people would rise, as we can see in SIDCUL Haridwar, circumstances is so created by owners that minimum duty hours are 10-12, then also, very fewer payments,
The Quality of work in public sectors may be controlled by good management and administration, and for that, every Indian should committed to, Good luck to all.
|Atc said: (May 31, 2017)|
|No, Public sector banks can easily make a profit if they charge like private sector bank for each service and stop lending to public for govt scheme and social activities. If only secured loans are lended public sector bank can easily make huge profit. If all govt sponsored schemes are stopped they make huge profit. Now, SBI is shifting towards such a platform and we can see the difference from their performance soon.|
|Abhishek said: (May 21, 2017)|
|I think it is better to privatise the PSU banks because of below reason.
1. All PSU bank are loss making and govt is continuously throwing the good money after bad money. In long term, this model is not sustainable.
2. It is not govt duty to run PSU bank. 30 years ago things were different. Now in rural place, we can see private banks.
3. PSU employee is not doing their duty seriously. Banks NPA are increasing and it is wastage of public money which can be deployed somewhere else for the better purpose.
4. Corruption level is high in public sector banks.
5. Better technology is deployed at private sector banks which will in end and benefit common citizens.
|Urvashi said: (Apr 24, 2017)|
|No, it should not be privatised because government Works not only for profit perspective but also for social obligation. Every welfare schemes are implemented by government Banks in a better way and deal with mix standards of people.|
|Shailesh Kumar Dubey said: (Mar 27, 2017)|
|According to me,
Public sector should not privatize. If all public sector would be privatized then rich will be richer and poor will be more poor. All public sector should be under government. And government should take a strong action to control public sector.
Nowadays our government is going on privatize all public.
|Raajesh Vij said: (Mar 7, 2017)|
|Public sector privatisation is a big loss to People of Nation.
1. Services get worse.
2. Costs go up.
3. You can't hold private companies accountable.
4. Staffs are undermined.
5. It is risky and difficult to reverse.
6. Our Public profit goes to private companies.
7. Our Country goes in loss.
8. Any Company will think for its own profit.
|Nayan said: (Feb 11, 2017)|
|No, the public sector should not fully privatise, it should public-private partnership basis i.e. PPP because it will also give better facilities and as it will base on PPP government is also involved in it. So, it will be the better solution for all.|
|Abinash said: (Jan 15, 2017)|
|No, it must not be privatised because it is the property of government and public. No-one have right to capture it for his sake. Private facilities are always expensive and special. But some public facilities are cheaper than private facilities. So, we should not privatise public facilities as private.|
|Indu said: (Jan 6, 2017)|
|Yes and no. After reading many comments from others view. I feel both should be equally. Our India is still developing. Not only govt. Not only private. Both should work together. Every coin has two sides. We cannot ignore anyone.|
|Pranab Advocate said: (Dec 22, 2016)|
|We should not be blind to the global economy and to the typical Indian mentality of salaried employees. The Bank, the state and the economy shall grow only when it is privatized, else not. Glaring example is UTI Bank being now converted to Axis Bank. Why are people and government talking about privatization of PSU/govt? Undertakings and not the vice versa? Do you see the vice versa in Global Economy?
The answer is - NO.
Axis Bank today is nowhere comparable to erstwhile UTI Bank or even any Government banks of today. People and govt. Knows --- YOU CANT PREVENT PRIVATISATION, if you are actually thinking of the benefit of the nation. If you are ready to think selfishly about few thousands of govt. Employees at the cost of the nation, then the matter is otherwise. THERE CAN BE NO DEBATE. You can not debate to stifle the economy. Privatisation is sure to happen. Open challenge to all -- prevent it!
No, you can't.
|Aditya Kharote said: (Dec 7, 2016)|
|I think the PSUs should be run on Public Private partnership Basis i.e.(PPP). Since we have entered in liberal economy by 1991, there is a strong need of quality services provided by the Enterprises. But unfortunately sometimes fully public owned firms can't do that due to their poor strategy and workability and hence govt incurs loss. So the solution that I think is PPP, by which the investment and administration policies would be handled by private body and Govt would play a monitoring role. By this, the job security of the employees would also be ensured.|
|Amrutha.Ashok said: (Nov 19, 2016)|
In my opinion converting of public to private is not a good suggestion. It effects a lot of poor peoples.
Comparing with private Govt works for the welfare of our people, and for social justice.
|Ajit Kumar Nayak said: (Nov 9, 2016)|
|My dear friends,
In my point of view, the public sector should be privatized, because of not to be the job security, but to be like the 4s & 5s of the TPM rule. We should apply this by hook or cruck. We know government sector has a big platform for career building with finance and job satisfaction. But one thing should be remembered that privatization has its own potential to recover with a planned culture of motivation, communication, self-development, innovation, creativity &also various personal development by conducting various training programs as HR activity.
Thanking you all.
|Rishikesh Raj said: (Nov 7, 2016)|
|Hi guys, my name is Rishikesh Raj.
In my point of view, public sector banks should not be fully privatised because public sector banks are more concern on social obligations and less concern on making profit in contrary to this private banks work for only profit that's why private players are showing less interest in opening bank in rural (unbanked) areas and if we privatise all the banks we will be denied part of population from accessing banking facilities. Govt may loose control on their functioning too.
|Anand said: (Oct 25, 2016)|
|According to me, yes public sector to be privatized for extent but not fully in control with privatization.
Govt have to control it but investment should be done by private bankers.
|Arun said: (Oct 10, 2016)|
|Public sector should not be fully privatized.
Disinvestment means moving towards privatisation. But India is developing country and have model of mixed economy. In other words, disinvestment means lack of control on that particular product or services which we are using day by day. There must be a balance on both. Whenever there is a presence of government in any sector, the rates are controlled in better way. Private parties are working for profit and they set their goals which are mainly profit oriented, the unit of TATA's are exceptional in this matter. Promoting privatisation by sale of profit-making PSU's shows a short term target of government to generate money which is further used for budget deficit, but it may loose control on rates, which further increase inflation. It is more effective when there is proper balance between private sector and government sector. Nice playfield must be required for growth and development of developing countries like India.
|Aakash said: (Sep 20, 2016)|
|Hello to all.
In my opinion, public sector should be privatized but some areas should remain under the control of government such as pricing and distribution.
|Jay said: (Sep 3, 2016)|
|From my point of view, India is a mix economy &there is both public and private sector exist. In some of field which should be privatized such as electric distribution which was formally fully public sector thus a lot of issues were producing such as employees not doing well and there was a huge loss but when govt give responsibility of private sector such as Reliance then there will be a better results found and which decreases the losses of electricity. That's all so there are the lot of public sectors which extremely needed to privatize for better executed.|
|Guddi said: (Sep 2, 2016)|
|In my point of view, this has two sides. In public sectors people thinks that they are only hired for this post to come in the office and take money. They do not give importance to how much they did part of the job and they are less responsible for their job or anything.
But in private sectors, people are very much concern what they are doing and instead of this they are getting a good amount so they are very much sincere about their work.
In other hands, public sectors are for those people who are unable to pay a good amount to get any thing. They all have no capability to meet this. In our India, the numbers of this type of people are greater than others.
So I think public not to be privatized.
|Amir said: (Aug 27, 2016)|
|I have two points of views towards the privatization of banks. One is if we privatise the banks it is a possibility that they can't make an enough faith among the people who are living in rural areas and especially in illiterate peoples because they have a presumption that private banks are not their governments banks and it is also possible that private banks first go for their own profit after they think about public services. In another hand, if we privatize the banks it is also good for Indian banking system. We all know that public sector banks are too much loss-making in India and we also know that to have a member of global banking fraternity banks should have followed the basel-3 norms. According to these norms, banks need a defined capital requirement and nowadays it seems difficult to maintain this because of so many NPA's and other adverse consequences in banking. So I think it is the need of the hour to privatize the public sector banks.|
|Sid@Ra said: (Aug 22, 2016)|
According to my opinion in a country like India where there is so much of corruption due to which we are unable to grow at a fast pace, there is a need of digitization of both public and private sectors so that everything is available only and there should be no chance of exploitation as transparency is a must for each and everything. Those sectors where the government is unable to perform well should collaborate with private sectors to come up with the best solution or give a chance to individuals to show their capabilities.
So motive should be to develop India and improve the welfare of the people whether done by the public, private or both. Believe in make in India and make for India.
|Akshaya said: (Aug 16, 2016)|
|The statement leads to a thinking that a public sector which is owned by the government body be privatized, which must never really happen if the economy and stability of a country be sustained. Instead, as everywhere, private players can chip into the business. This is what is happening in sectors that make a balanced, stabilized and profitable output. As far as banks are concerned, a public sector bank is and must be with a sole aim of servicing and helping the citizens of the country economically, profit being the second motto. But this is not the case with private banks whose motto is to make as much profit from the economy.
Recently there is a lot of discussion going on about privatizing railways. This must not be done at any cost just like how the government did for airways because the majority class of people traveling in railways has to be taken into consideration. Indian Railways is supposed to be the largest transporter across long distances for the middle and poor class. The advantage of bringing private competitors into the field is mostly to improve the quality of business with reduced rates. But as far as railways are concerned, bringing a third party only increases the burden on the people who use the service.
I encourage private parties playing on the field but not at the cost of handing over a government-owned system to a private machinery.
|Ajit Babu said: (Aug 6, 2016)|
|It makes me feel bad about converting public to private sectors. Not only in banks all other fields also facing these problems like schools, colleges, and hospitals etc. What have we achieved in making private sectors? We have to pay more money than the required for getting customer friendly environment. We have got a lot of talented people in Govt sectors but they are not properly used. It's the fault of management and government has to take necessary actions on those who don't do their duty properly. It makes no sense in just making everything Private from Public for not Managing the Resources properly and showing the loss percentage. If the Management is good and takes the responsibility all the problems will be solved.
|Kavita Pal said: (Aug 5, 2016)|
|In my view, public sector should be privatised the condition of India is worse and by this, we improve the and helps in reducing burden of government.|
|Jagat said: (Aug 1, 2016)|
|No, if PSU got privatization, then who will take care of 90% population of India whose low balance or 0 balance account maintained by PSU bank, if they privatize then they also do class banking then who will take care of mass banking whic prevails in India.|
|Dipu said: (Jul 30, 2016)|
|From my point of view, yes public sector should be privatized. Because of public sector employees are very irritable, means they don't like to give time to others as well as responses are not very good. It is because of their attitude.
I would like to share my own experience, I went a public company to take interview for the certain project in one month back. Unbelievably I was waiting two and a half hour to met the concerned person. So this is the scenario of the public sector. But in the private sector, they well understood the value of time.
|Subasini said: (Jul 29, 2016)|
I think privatization should take place. The staffs in the pubic sectors are enjoying so many privileges and living a leisure life. Everybody knows the truth, there is no denial. Of course, it happens in all the government offices, but the way people are being treated by the pubic sector bank staffs are really pathetic particularly if they are illiterate. Even I have suffered a lot with the public sector banks. They will look at us like as we are worms. They will show their faces if we write a challan with some mistakes. There are some exceptions I agree, but 75 to 80% of the bank staffs are only like this. Everyone knows that. But it's not the case in private sector banks. They are very customer friendly and provides us their maximum help to complete our work. Yes, its true, privatization would impose so much pressure on the public sector bank staffs, but from the point of view of customers it's good. They will at least learn to treat people with some dignity. It's to my opinion through my experience and it's not my intention to hurt the bank employees.
|Ggvinod said: (Jul 25, 2016)|
|Privatization should not happen.
Present banking system working fine to resolve every problem of the customer. Bank employees are having a lot of pressure from higher official to resolve every complaint.
By privatization, fixed targets will be given to employees which can't be achieved on time leading to salary deduction and they ask fewer people do more work which can't have happened.
PSB employees are trying their best to increase productive in their respective banks.
|Abhinav said: (Jul 24, 2016)|
|I am not in a favor of privatization of banks, If we privatized our banks then the same condition will come up that bank will not go to unprofitable area (rural areas) and then our whole banking history shows that how we merged one banks with other to connect rural areas with bank, no private sector will bear loss by going to rural area where is less business, and if this happen what will happen to our govt so-called efforts to Financial inclusion, it will be irony that on one side govt is pushing financial inclusion and on other side giving chances to private player to refuse it and we can assume it from the recent payment banks where many private sector bidders for payment banks turned down their proposal to open a payment banks citing a reason it's highly competitive and terms are non-profitable.
Already banking sector is facing issue of NPA and if we privatize our public sector banks then no bank will bear additional cost of opening a branch in rural sector where is no or less business for them, and its also seems not a good option if we see our past many efforts were done by past governments nationalized the banks by buying majority of stakes and in again 1991 economic reforms and then in again 2004 they owned IDBI shares made it one of the public sector bank now again selling stakes of IDBI and again making it private make no sense as the question comes how many times we will privatize and publicize the banks again and again if it was the correct option then condition of bank that today wouldn't be that much vulnerable it means answer lies somewhere else we need to find that answer and for the NPA's problem we need to strengthen our laws that punish every defaulter so that no one can dare to be willful defaulter.
|Roshan said: (Jul 21, 2016)|
|It's should not need in the public sector be privatized in my thoughts.
Because public service in employees is many flexibilities give by the government. IN govt the railway department and Indian force in the private sector that does not work our country.
|Rohit Rk said: (Jul 17, 2016)|
|Hello, friends. Myself Rohit. And I think all public sector should be privatized because in the private sectors we can get better facilities and we can believe on this fully. And if we are talking about public sector. First of all, I told you as a knowledge that public sector employees are corrupt. And we cannot believe on them.
You know what friends private sector is the cheapest but their facilities are very low and qualities are low and there are many examples as like if we are talking about schools. In the government school, their students always play and runs here and there. When teachers are into the classroom than students do something and the teacher always sleeps. There are not clearly. And if we are talking about private schools their teachers are punctual of timing. Students read properly. There are many extracurricular activities. As like game, dancing, swimming, swinging, singing or many things. So all of these students can choose their aims also. So I think private sector should be privatized.
|Jose said: (Jul 5, 2016)|
|It should not be privatized because privatization would give ultimate sole power to the managing Head, and this would pressurize the employees too much extent.
In privatisation, authority comes into play. And moreover employees due to even their minor mistakes get might be sacked at the authority of Boss. And everybody might be aware of the motto:"Boss is always right", this comes into play. And to keep up your job you have to be loyal to your boss and are bound to take risky projects to show your expertise. And in doing so, sometimes you might end up losing your job.
|Supriya said: (Jun 29, 2016)|
My opinion is privatized is better because in the private sector get the job depends on skill and knowledge.
|Ajeet Kumar said: (Jun 16, 2016)|
Hello, friends, I am Ajeet Kumar, I think public sector should be privatised, because in the public sector didn't work compare to the private sector.
|Prakash said: (Jun 11, 2016)|
|I am working in a govt bank. I also think privatisation is necessary but with one condition. No government business handling. No rural bank as it simply unnecessary. Also, get ready to pay higher service price for banKing services. I know how we work.|
|Kamal Gupta said: (Jun 11, 2016)|
|The discussion regarding privatisation of public sector is easy but very subjective complex issue why there is need for privations of public sector. It does not mean that by mere privatisation of public sector will create a miracle in terms of high turnover,high productivity, good customer satisfaction etc. However, the public sector will give a good result if following measures will be done:
1. The procedure matters in making decision for critical issues like private sector should be practical rather than on various complex formalities.
2. The work distribution among staff working in public sector should be balanced distribution according to their designation, qualifications, efficiency, salary, power etc.
3. Every concerned official should be held responsible/accountable for his performance.
4. The good policy/procedure of private sector if considers fit to any public sectors, then this should be followed, which will give good results.
So it can be concluded, if above points will be considered then there will be no need to privatise of public sector. But private sector will give example of public sector in good performance.
|Bhawna said: (Jun 9, 2016)|
|The public sector has much higher potential than the private sector. But on the other hand, it is also true that job seekers or employee of public sector think that in government sector one just not need to do much work compared to the private sector. It is we who have set this mentality. Our government is much capable of looking after each and every field, and the workers too are more capable there compare to the private sector in every aspect. Only thing we need to change our own mindset.|
|Mujtaba Soomro said: (Jun 6, 2016)|
|To some extent, there should be privatization of those undertakings that do not perform well in terms of revenue, profits. Losses, savings. In pub. Sector u/takings, salaries packages, allowances etc are low.|
|Adhip said: (Apr 11, 2016)|
|I know it sounds weird, but doing this will eventually cause companies to state terms and conditions, which is not correct and should be allowed. Looking at developed countries yes the service is great but once the government loses control then it is very difficult to make private company public.|
|Joseph Kakari said: (Mar 4, 2016)|
|Privatization good because the public businesses might not have all the resources in running the business, so if It's been privatized there will be enough good and services through the introduction of more shares.|
|Ksharma said: (Feb 22, 2016)|
|Of course there is a need for public sector to protect the interest of the poor people. They aim at social welfare. Their aim will always be to promote welfare. But nowadays private firms are also promoting social welfare. They want customer satisfaction.
They can never only focus on profit. After all these days we can see how marketing factors involve social welfare. The government has taken good decisions. It has neither given the whole control to private sector nor to itself. So I support the policies our government has taken. The mixed economy is the best.
|Mahesh said: (Jan 27, 2016)|
|In country like India which socio ethical country it should not happen, because privatization leads wider gap between rich and poor, rich becomes richer poor become poorer. India is a country with complex situation, when rich become richer and talents come forward.
Yes of course economy will improve, what what happens to HDI index India is country with larger poor population they need to come up in life if privatization happen this will never happen which in turn makes India a low rate income country, just analyse it in wider, don't just talk from what you see the situation in metropolitan cities, metropolitan cities contribute just 10 to 15% of population.
|Shikha Nair said: (Jan 4, 2016)|
|In my opinion privatization is good because privatization indeed is beneficial for the growth. And sustainability of the state-owned enterprises.
The advantages of privatization can be perceived from both microeconomics and macroeconomic impacts that privatization exerts.
State owned enterprises usually are outdone by the private enterprises competitively. When compared the latter show better results in terms of revenues and efficiency and productivity. Hence privatization can provide the necessary impetus to the under performing PSUs.
Privatization brings about radical structural.
Changes providing momentum in the competitive sectors
Privatization leads to adoption of the global best.
Practices along with management and motivation of the best human talent to foster sustainable.
Competitive advantage and improvised management of resources.
|Rahul Rai said: (Dec 13, 2015)|
If any government company is not functioning well then privatization is not the solution, government need to overhaul the government body. Overhauling include selling half share of the company in private hand, end corruption, choose best talent for the company, tighten guideline for the company, use latest technology, improve service.
I support public private partnership model. It deliver good service to the customer at a reasonable cost. The example of public private partnership model are banking sector, coal mine sector, oil companies etc.
In these companies government have more than a half of a share and rest shares are handle by the private body. These company functioning well as compare to those companies in which government have a 100% share.
|Bisal said: (Nov 16, 2015)|
|How a government which can not run a PSU effectively run a government? If PSUs having problems government should rectify them i.e the duty of government. If profit making is the issue why government selling shares of PSU's that making crores as profit. Trade unions and strikes are there in developed world also.
Monopoly of private sector will create bonded labour, high prices, unsafe working conditions, pure distribution of money etc. What is the gain for general public by sending black money to outside banks?
|Reema Subair said: (Nov 5, 2015)|
|In my opinion private is best because public servants or employees are inefficiency, poor in generate income, unskilled labors are allowed, output level decrease, raw material quality low and etc., so public organisation must be privatized.
And a simple question, if public sector is best why they cannot run the business instead of selling it to private. Answer is because of inefficiency. So always private organisation is best.
|Rajendra said: (Nov 2, 2015)|
|The central govt must transfer the control of CPSE to respective states for better control and appoint IAS officers as finance controllers to better manage and increase profitability, the process of purchasing and marketing must be done directly with supplier and customers and avoid agents to curb corruption. Merging loss making PSU with profit making PSU can also reduce govt burden.|
|Hertha Ambambi said: (Oct 6, 2015)|
|I think privatizing public sectors leads to monopoly and is not good for everyone, for instance the air line in my country is in the hands of the government hands but still citizens are not affording using the air line.
So privatization of public services will really bring even a high rate of poverty and unemployment since private sectors are motivated by profit so they will need highly educated people who can produce productive outputs.
|Sharmistha said: (Sep 29, 2015)|
According to me complete privatization of banks is not the solution. In our country there is a there is a higher degree of income inequality. The rich is getting rich and the poor is getting poor. Its true that private banks can bring economic growth in the banking sector at a faster pace. But we cannot ignore the fact that these private banks operate with the sole motive of profit maximization. Its unlikely that they will cater to the needs of the poor.
Secondly, the private banks are hesitant to invest in infrastructure of the country. This role has been played by the PSU's since its inception. And most of the loans advanced for this purpose turn into NPA's too.
We should obtain a balance. There should not be complete privatization but at the same time the banks should be given sufficient autonomy to operate without much gov interference.
|P Ravi said: (Sep 8, 2015)|
The need for privatization is the functioning of the organisation and political interference in administration. The government has spoiled the working culture through trade union and privileges to certain people. Now the govt is not able to withdraw it such as maternity and parental leave of 8 months to ladies and 15 days for males. We have to contain the population explosion but the government is promoting the population growth.
The privileges to a certain class of people as a vote bank and they think that they are born to enjoy the benefits and not to work. For example if a driver works in private firm he is sincere and hardworking irrespective of timings. If the same person gets the job in government organisation his full attitude changes of started taking rules in hands and becomes lazy and fat bellied. There are so many examples. Compare road transport, telephones, schools and colleges etc.
But in every department too many private organisations should be allowed. Otherwise the services will only be commercial with poor quality. So healthy competition is a must in every field. Naturally our country will emerge as a super power. So hurry up in privileging with multiple competitors.
|P Ravi said: (Sep 6, 2015)|
|The main failure of the public sector is too many officers in administration which spoils in decision making. Innovative methods of incentive systems linked with out-turn by workers with limited salary is imposed. Too many privileges are given to public servants by the politicians for their publicity.
Now in road transport both private and public transport compete with each other. In that aspect KSRTS and MSRTC are doing well in pare with private operators. BSNL versus other private networks are welcome. The government staff are lethargic and easy going on their duties because of governments third rated policies. , If they come out of it differently public sector will also emerge as tough competitor like BHEL, BEML etc,.
|Anonymous said: (Aug 24, 2015)|
|Core and strategic industries should never be privatized. Research organisation for advancement in technology and modification in every core sector to keep pace with new scenario should be established. Private healthcare facilities who write bad economic stories of its clients should be marginalized by dispersing and opening of public healthcare facilities within every five kilometer radius. Intake of one doctor and three nurses per thousand population should be done.
Moreover, medicine-making industries should be made public higher education should not be made a private product that sells with a price tag. Lastly, the considered disposable income drained by private hospitals and educational institutions can be wiped out by low salary and more employment of its people. In these ways we may maintain the public spirit of the constitution and freedom fighters.
|Ike Cj said: (Aug 16, 2015)|
|Yes, is good to have private and public sector in any economy of a country, you can kill public for private to take fully place or to kill private for public to take fully place. Talking about P & P, those need any establishment but needs innovation for them to grow for enhancement thing in that particular country.|
|Srishti Jain said: (Aug 15, 2015)|
At the time of Independence, our economy was backward & stagnant. At that time there was no infrastructural base & also, there was lack of capital & incentive among private entrepreneurs for privatization. Therefore, direct intervention of the state was considered essential. But later in this sector corruption, case of pilferage & leakage is increasing day by day.
Therefore, since today we have infrastructural base as well as private enterprises who want to invest their capital for privatization. From my point of view privatization is the only way for development & growth of country. Privatization is not only beneficial for rich but as well as for poor, for instance, poor will make efforts for their own development & growth. They will become independent & will do some work for their better future. They will not dependent on government polices or scholarships. It will help them or give a reason for living.
Also privatization will foster development of our country. As we know that in 2015, till our country is backward compare to others.
Thanks for paying attention.
|Amarjit said: (Aug 2, 2015)|
Well we are all concern about the impact that may come after privatisation of the public sector for the economically weak families of our country. But if we change little of our mindset public sector will continue to exist and progress with better pace.
Firstly almost all public sector employees say no matter we work or not, our salaries will be credited at the end of every month. So almost zero output which led to the option to privatise public sector.
Secondly private sectors employed the best, likewise leaving nepotism and money power behind public sector too should employ young, dynamic, creative, and innovative employees.
If these are fulfilled we wouldn't need private sector and poor's would not suffer. So both govt and people have to change first.
|Chhitij P Singh said: (Jun 11, 2015)|
In my opinion our economy, The Mixed is best one, where both private and gov sectors are parallel players. It gives consumers a large vivid options to get served as per his own needs. For eg, in telecom sector, we have large number of options, if you priority is low cost go for BSNL, if your priority is fast services go for rest of networks.
So in my view, public sectors should not be converted in private but private players should be allowed to invest in public sector, What is the problem if on tracks of Indian railway few more trains of Tata and Amabani will run? Let customers decide whether they have to go on government trains or private.
|Suman said: (May 23, 2015)|
I think its easy to say that changes should be made and all but ground reality is worse. Have you considered reason why the public sector was introduced?
The object was to maintain economic equality and equal distribution and providing opportunities to all. The purpose we elect our government is because of these reasons right? so now, if our government does not work well for us what we do, we throw them out and elect a new government but the basic process of election, the system and the functions remain same.
We expect the new government to do better for us and fulfill those reasons for which we have elected them, with their improved plans, policies and budgets. So, basically we improve when there is a problem. We cannot say that all the governments we elected have failed or are not capable so lets not have a government.
Similarly, privatization is not a solution, because the aim remains the same. I admit that private sector is active and provides best of facilities but think who all can afford those expensive facilities. We may be in good financial conditions, so we can afford but what about those who cannot imagine sending their kids to private institutions for studies in private institutes. Things will become so expensive for people who survive on the subsidies by government. There are many disadvantages.
What I suggest is government should inculcate the best features of private sector. (for which they are considered better) and implement them in public sector. It is difficult to start off with but it is not impossible.
|Sreenath said: (May 14, 2015)|
Every work can't be carried by government every work can't be done by private so they have to split but regulatory authorities should regulate all the sectors sectors like railways water supply defense etc, has to be looked by government directly apart from that other sector has to be looked by private with regulations of regulatory bodies most of tax money is wasted because of the public sector undertakings example if air India, BSNL faces loss we have bear that government will use our tax and instead they can provide scholarships, funds etc.
Based upon income every one is entitled for the basic things by this our tax money will be saved and it leads to development of all individuals sectors like education, banking, airways, etc has to be privatized because of the competition customers can avail the service at affordable or even may be at cheaper cost those who can't afford government can support that individual regularities like RBI, train are performing well all the universities has to be privatized but main important thing government should monitor everything through its agencies as per my understanding government should hold these sectors fully deference, police, judiciary, railways, electricity, roadways, (for electricity government should encourage self dependency like they should productive own electricity by solar or what ever possible means).
And friends don't think about job security these public sector undertakings have been established for benefit of public not only to create job to ensure job security in private parliament can amend civil rights laws in the beginning it will be hard for us but in future we can make things possible think from all aspects please I am just posted my personal opinion.
|Chika said: (Apr 15, 2015)|
I believe from my own view and from all investigation gathered, and from what you guys have just said, I could say unequivocally that privatization of public sector is best solution to the problem of Nigeria economy, the high rate of corruption would never allow the private sector to operate effectively, I know that the private sector is more costly, but we need to get best quality, at the right time to satisfy our needs, the private can do this under some hours because they will like to maintain that business relationship with their customers, but in public is not so.
Example: If you are feeling feverish and you go to public hospital, you must like up to 3-4 hours before you can see the doctor, but try that in private and see the way they will attend to you, very fast, another thing is the private believe on what you can offer as an individual, while public believes on god fathers, lastly, there are much nepotism, discrimination in public while private is not much, eg. Isoko will like to favour Isoko alone. I will rest my support private here.
|Gaurav Sharma said: (Apr 14, 2015)|
Private sector has its own advantage in terms of higher productivity, deliverable beyond expectation and usage of updated technology. We all needs this and which is quite justified.
But one simple question. Why do we need to privatize public sector for the same?
Why can't we make these resources available in the public sector which positively differentiates the private sector.
We need to start think on resource allocation rather than conversion.
I feel the below needs to be started immediately :-
1. Good talent hiring mechanism.
2. Procurement of better technologies.
3. Additional reward for employee on achieving the KRA.
4. Customer concentric work culture driven through leadership (Secretary or Chairman etc).
We want to protect the right of consumers by providing quality goods/services at affordable and reasonable rates and with an ease. So up-gradation of public sector with enhanced resources is a better option than conversion into private.
|Vignesh V said: (Apr 6, 2015)|
A good topic that we are dealing every year. Privatization has many advantages and disadvantages also. We have to extract the advantages and apply it to the public sector. I'm mainly pointing out the services that are done by the PSU are worthwhile. For example corporate social responsibility.
|Anurag Gupta said: (Mar 26, 2015)|
|As my point of view, a semi government PSU sectors are more beneficial rather than fully privatization. Except some defense, research PSU. Due to this type project the small attention of our government will provide on private sector activities and problem of jobs and other issue not create.|
|Vivek said: (Mar 23, 2015)|
|Hello everyone !
Privatization as it denotes is something which makes any organization or sector independent of government interference, liability and control. Given the recent trends where many governmental or public sector undertakings are not performing well or we may say. Are not in pink of their health. Were in the consideration of the government to privatize them. Although its obvious that a sense of competition always leads to the evolution of something better.
Likewise is the work ethics of most of the private organizations. But what I think, is, that losing the control over the organization only looking at its financial aspect, overlooking the organizations employees future over it, is not something worth risking. As it is understood private players has to award their share holders.
So the profit is the priority and they may end up cutting some corners, that is, the jobs and the main motive of public service is never achieved, and creating jobless population is something a developing economy shouldn't look up-to. Cost goes up, as a tax payer one has to pay tax to utilize governmental facilities but for the private facilities its extra besides the regular tax thereby increasing the burden.
Being a non governmental body it is not easy to held them accountable for any wrong doings. Full autonomy is a double edged sword in this context. Might work wonders or might ruin it all. Still many governmental organizations are partly privatized like 75:25 government to private or 51:49 and more but yes the government always has the upper hand in it so it alienates the apprehensions of all those privatization omens and the sense of security is always maintained.
|Manish Yadav said: (Mar 10, 2015)|
|According to me some public sectors should need to be privatized.
Because we all have an experience of the private services and the government services.
For example. If you talk about the healthcare which is a public sector.
And if we compare the conditions of a government hospital and a private hospital, we will definitely get a lots of differences between the services they are providing. etc
I don't know about the other cities but. Whenever I got the chance to read newspaper sometimes I see the news of such type like there is no machine for X-rays. etc. In the biggest government hospital in my city and people are obliged to go to the private clinics for those check ups.
Also I have an experience of doing training in a government industry where I see that according to the time schedule employees need to work for 8 hours but they make their own schedules and work only for 3 hours which is really bad.
That is why I am agreeing with that point, that some public sectors need to be privatized.
|Msridhar said: (Mar 4, 2015)|
|The role of public sector in India is enormous. The private sector is born out of public sector. Any leading private sector company when they are starting they have a man from public sector working for them. They recognize the enormous experience the manager has do not write off public sector employees.
There are people who are as talented or may be more talented than private sector. Due to archaic systems the performance levels may be but low.
|Salil Ostwal said: (Mar 1, 2015)|
|We should do away with socialist mindsets. PSU's should be sold off before they come to a state when no private player will want to buy them. It will fetch government a hefty 2-4 Cr rupees government has no business doing business. It should rather use that money to expedite all it's development projects.|
|Ritesh Maurya said: (Feb 24, 2015)|
In my opinion the government Should promote the privatization but it should not be in all sector, because there are some sectors are present that can be affected by the privatization.
E.g. Defense ministry.
So here we can say that the privatization must be done in a limit no.of sector that may provides help to our life not affect to our country secrecy.
|Arpit Agarwal said: (Feb 13, 2015)|
The need of time is to change yourself as with the technology. But our Indian PSU's are far away from the latest technology changes. So if both private and public sectors come forward to take it as a challenge the days are not far when we will become independent of more and more imports. This will also led to the control on prices in market and also development of economy.
|Arthika said: (Feb 12, 2015)|
|Hi friends, our government runs because of public sector and if it is privatized then there will be no government in India. You all said that public sector people is so lazy and corrupting people.
Why should not we fight against corruption in India? Try to change our government. If public sector privatized then.
1) All our daily needs will become more expensive.
2) The people who are dreaming to work in the public sector their dreams get shattered.
3) The public sector worker will get pf, pensions etc, which will be useful for their future.
Hence, try to change India as a good working government.
|Vyshnavi said: (Feb 4, 2015)|
|I don't think that public sector should be privatized because private sector main intention is profit making whereas public sector concentrates on services to the economy along with profit making.|
|Pragya Agarwal said: (Feb 1, 2015)|
|Hello my friends.
I read all points mentioned above. Only one thought striking my mind that every one was saying that public sector employees are lazy, corrupt, inefficient so agreed to change public to private sector not thinking of our poor brothers and sister who would not be able to afford private sector services. In present scenario max youth is joining public sector (reason could be job security). So stop blaming others but put your best and change this mindset that government employees are lazy and inefficient.
And at the end I would only say that it is not the matter of private or public, it depends on person to person ethics. If you are a dedicated person towards your work you would work whether you are in public sector or in private sectors.
|K.K.Joshi said: (Dec 29, 2014)|
|On this blog who are support to privatization of public sectors give me the answer of this question: are you read the article of worse effect of privatization? One example bolivia the american state which suffer the very high hike in price of water delivery charge. After that you will think and give the answer.|
|Pankaj Singh said: (Dec 2, 2014)|
|Hello to everyone.
We all very well aware about Indian economy and I want to add some points we have two model one in communist and second capitalism. One is great example is China another is America.
Recent scenario clarified we are going towards capitalism. Capitalism supports to privatization. If we talk about poor people Chinese have free medical, free education with highest no.of institution and America also provides all these facility.
The problem of India is mixed economy bureaucracy and private can not walk together, so India should have to make a clear vision about policy.
|Rajni Ravinder Kumar Bala said: (Sep 16, 2014)|
|Yes its true that privatisation is a need of hour. But the question is full or partial, according to my point of view partial. As our economy is a mixed economy, only privates and only public can't do well. As private banks were introduced to bring competetion in banking sector. In the same way it can be done with other sectors, keep it under Goverment's control upto a limit and further leave it on market forces, let them compete and exist. It will increase productivity, efficiency, cut costs, increase profits and provide better service.|
|Sree Varshini Jala said: (Sep 16, 2014)|
In my point of view, both public and private sectors playing an important role in the economic and social development of our country. But their approach differs. Private sectors are mainly concentrated on profit making where as public sectors are service oriented along with profit making.
All that we need to do is to adapt the quality of work, importance to customer service and technology from private sector organisations. In my point of view, privatization of public sector should not be done. If privatization takes place the trust and sense of belongingness of public which public sector has developed all these years will be in doubt.
|Amar Ravi said: (Aug 30, 2014)|
No doubt everyone wants a public sector job but according to my point of view there is a huge difference in public sector and privet sector, in public sector basically they have no fixed target, actually they have fixed target but no one is exactly responsible for failure in incomplete of target, for example a company name as HINDUSTAN PAPER CORPORATION this company is in the loss of almost 7,00,00,000 every year from 2008 to till 2014 but this company is still working so, that means no work pressure on the employes of public sector and also because they have fixed salary, but employes of private sector have a workload because if they do not do their work they may lose there job, so for overcoming on such types of problem I think private sector is far far better than public sector for both self and INDIA development.
|Ashmeet said: (Aug 23, 2014)|
|It's good to see that many of us think about the our country India. I read the discussion which was left open, and I respect every point discussed over here, but I personally feel that if the Government of India goes for Partial Privatization in the sectors like Indian Railways, our railways system can grow much better then is is right now; full privatization will lead to monopoly of the private players in the market which will lead to hike in prices for the customers, we say 80% of India's GDP comes from the 20% customer then by privatizing we are neglecting those 20% customers or the citizens of India.
Let's go for the partial privatization or for the outsourcing of the product(s). As we all know the IRCTC is already been passed to Google to handle, Jindal steel is providing the best of the railways tracks.
If not Privatization, then we do have another option to increase the rail(s) for the cargo industry rather than increasing in the passenger. I'm not saying no to increase in train for passenger but after some period of time when the Railways get in to some good profits.
|Arijit said: (Jul 4, 2014)|
|Other sectors I do not know of much but mostly railways needs privatisation right now in India. It's not feasible for such a big and full of prospects industry is being wasted in such a shameful manner. It's such a service which never has been unused for a day! And yet has been running in dreadful losses from we do not know when! Indian economy in my opinion (which may be wrong too! I'm not perfect) can gain a lot from this industry. Yes there should be a controlling boards just like there is in telecom (i.e. TRAI) which will keep a bar over the prices so it won't be unreasonably high!|
|Rohit said: (May 21, 2014)|
|Someone here posted about corruption in public sector. It doesn't mean that private sector is free from corruption scams like Satyam has costed a lot of people. So privatization is not panacea to all Problems, If That would be USA wouldn't have faced such a worst economical slowdown.|
|Amit said: (May 4, 2014)|
|We are all aware that Private Companies work Only for One Purpose i.e. PROFIT, Nothing Else, Railways is Asset of the Nation this is true that there are many challenges before Railways Poor Sanitation and Frequent Accidents are few of them. Yet These issues need to be addressed within Government Domain, Apart from being Lifeline of Nation, Railways is quite Sensitive even from the perspective of national security, What can be done is lot of other works can be Outsourced to other Private Players, so that Railways may focus on its core issues.|
|Raj said: (May 2, 2014)|
|Public sectors shouldn't be privatized because the sectors like education, health, transport, Oil & Gas, are serving the poor people a lot. If these sectors are privatized the poor people cannot afford the prices of private sector.
And some say, public sector should be privatized as government is not efficient, and also, is embroiled in corruption in nearly every department, whether it education coalfields, sports, telecommunication, railways etc. And also many of these departments are under heavy losses.
|Shomeet said: (Mar 29, 2014)|
I think private sectors provide good services with high prices and public sectors provide low services with low prices, here we have two options either improve efficiency.
Of public sector by providing them more job responsibility and put strict control on their work activities in order to that transparency and work efficiency will improved or second option is reduce the prices of private sector by controlling over the prices by government.
|Deepak Jain said: (Mar 22, 2014)|
In favour of - public sector is good for all class of people. Just govt should take a note of d employers to how much extend they are working for people in less time and try to work efficiently for d customer. If there is no complain with the public sector than why to make it private.
In against of-there is more corruption in public sector. And they are not working in a efficient manner. If people will not work in a private company they will thrown out the company. So many of the public sector which are less efficient can be privatised.
|Dipak said: (Mar 15, 2014)|
From my points of view, we can't say directly that public sector should be privatized or not. The reason is if you compared it from private on the basis of money, public sector gives services on low prices and it is taken by all the citizen of India. But on the basis of facility, quality private sector comes upon public sector.
|Akshada said: (Mar 14, 2014)|
As per the view of all my friends stated above, it is true that privatization of public sectors will lead in high prices for all things and ultimately middle class (common man) has to repay for it heavily.
As per my view, instead of making public sectors totally private, we should adopt the methodology of private sector that in public places. For eg: In Govt. hospitals there should be a keen watch on activities of the workers and doctors. Timelines and targets should be set for everyone. Regular feedbacks from patients should be taken. In this case it might be possible that sometimes public may also misuse the liberation. At that time the case should be verified and necessary actions must be taken.
The very basic thing of public sector that needs to be changed is the way they interact with the common man. If politeness is taught to every public sector employee most of the work will be simplified. Rudeness, irate, arrogance is the main symbol of public places, due to which most of the people prefer private hospitals etc. If this picture is changed, there are good hopes. Similarly, Govt. should start taking hold of private sector, as though they provide good facility, common man is deprived of all the facilities due to money.
India is a developing country. And if Govt. does not take necessary actions for solving basic needs of Indians, poor will remain poor and will have no chance for further development.
Afterall, Govt. of India levy's heavy taxes in all the sectors and thus is liable to provide good facilities as per the money paid by common man.
Equality, politeness, humble-service, co-operativeness are the things that needs to be nurtured for India to grow at faster rate.
|Partha Pratim Sahoo said: (Mar 12, 2014)|
|According to me, public sectors excluding defense should be privatized with some obligations towards social responsibility imposed on it. Public sector employees having been secured about their job do not get pressure and do not give 100% of their efforts to maximize wealth in most cases. With the intention to earn more giving less effort paves the way of bribery as well as corruption. Now-a-days it took a awful shape in this sector. So this should be put to an end. So finally, public sectors are required to be privatized with some responsibility towards society to secure a better world.|
|Abhishek said: (Mar 11, 2014)|
|Friends privatisation of all public sector companies is definitely not the solution to our problems. Privatisation can avail good facilities to us upto certain extent but the cost and factors like security will suffer. As we all know private electrical companies deliver good power but at a much higher price. So we should try to improve the public sector rather than privatising all the public sector.|
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