Should the public sector be privatized?
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183 comments Page 11 of 19.
Rishikesh raj said:
9 years ago
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.
Thank you.
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.
Thank you.
(33)
Ashish said:
8 years ago
Hello everyone.
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.
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.
(13)
Bisal said:
1 decade ago
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?
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?
(21)
Raj said:
1 decade ago
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.
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.
(47)
Sachin sainthiya said:
8 years ago
Hello, friends According to me Government sector is better than Private sector.
Government jobs are more secure as compared to Private jobs Whereas, In case of a Private job, There is no job security.
The workload on private employees is much more as compared to government employees and Private employees often have to work day and night with no fixed office timings in order to achieve their targets. Whereas, there are fixed working hours for government employees and they are not burdened targets.
Government jobs are more secure as compared to Private jobs Whereas, In case of a Private job, There is no job security.
The workload on private employees is much more as compared to government employees and Private employees often have to work day and night with no fixed office timings in order to achieve their targets. Whereas, there are fixed working hours for government employees and they are not burdened targets.
(26)
Bhawna said:
10 years ago
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.
(17)
Ggvinod said:
9 years ago
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.
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.
(13)
Shomeet said:
1 decade ago
Hello friends,
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.
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.
(9)
Msridhar said:
1 decade ago
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.
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.
(4)
Hertha Ambambi said:
1 decade ago
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.
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.
(22)
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