Should the public sector be privatized?

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.

I think privatisation is right. Because a lot of people presently working for the government don't really deserve their job and they don't work for their full efficiency. Of course, every decision will have negative effects but compared with positives these can be negligible. If the G. O's (government sector/offices) became private they don't work on a caste basis so they can employ the people who really deserve the job.

Also, they make relevant checks often to see the work and efficiency of the employer. A lot of pending work in the g. O's will be cleared. Then the GDP of India will surely increase more than china and also there will be a chance for our future kids to say that India is a developed country.

I think privatization should be there because it is helpful for developing our country. private companies only search skills people but in government job, people easily get jobs without facing any problems as well in the government doesn't matter if you have capable or not.

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.

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.

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.

When we speak of bringing privatization, we expect the notion to bring along efficiency, completion of a task within scheduled dead line, establishment of liabilities on those who are expected to deliver services, better service experience for those who avail it and all these into an already malfunctioned govt system that is alleged of corruption, delayed performance and in-efficiency.

But privatization also brings along profit driven approach that somehow compensates the very ideology of delivering services to public at minimum cost.

Public should be privatized because firstly it will decrease the corruption in our country and second is employee in the private sector to provide better condition and reliability comparison to public sector.

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.

Hello everyone.

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.