Should the public sector be privatized?

Hi to all,

I think there is no need for privatizing the public sector. Because, it's not the problem with private & public, it's with the people who are working in those. So, what I mean to say is the attitude of the people has to change. It's the only problem in our country. Thank you.

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.

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.

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.

Microeconomics advantages:

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.

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.

I appreciate all the points mentioned.

Friends, we see aesthetic buildings constructed around us at the same time we are moving on the roads with potholes and the interesting point is that both are constructed by private companies.

Private sector not only constitutes of companies like TATA, Infosys, L&T etc but their are companies like satyam too.

Since, we are working under public sector, we are finding flaws in it but, when we start working under private sector we will come to know its flaws and we won't be able to even complain about it.

So, for a better society it is necessary to take a stand against the flaws of public sector and work upon it.

Exactly the way AAP is working.

Not up to all PSUs, some are doing well and others going under loss. So point here is lack of technology in our country, present pursuit of tech is from others countries. So if we can somehow manage PSU get partially privatized it will give immense effects to technology and profit management (bringing ample tenders from the market is possible through privatization in the coming world of aggregators). The employees from public sector should work with utmost responsibility. The Middle class won't get Job recruitment unless it's through govt competitive examination because recommendations are more valid in private sectors.

Hi,

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.

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.

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.