Should the public sector be privatized?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.