Should the public sector be privatized?

Hello friend.

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.

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?

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.

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.

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.

Hello,

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.

Thank you.

Hello friends,

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.

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,.

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.

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.