Should the public sector be privatized?

Hey guys,

So lets just briefly talk about the difference between privatization and disinvestment.

Disinvestment means selling off shares from companies, retaining more than 50% of the stock with oneself.

Privatization means selling more than 50% of the PSU's stock and giving up ownership to private companies.

The privatization of PSU is not a great option in a country like India where Price is a very important factor to determine the demand. Private companies may increase the price at any point in time if they want to earn a good surplus or to set off the loss incurred. No regulations can be imposed regarding pricing. No proper transparency will be maintained. Consumer exploitation will be easy.

Core industries should not be privatized by the government, at least.

According to me, the private sector is very important because there are lots of facility as well as lots of ambition which we are able to work properly by heart by all means. As far as government.

The government can't provide these facilities because it has no option for doing good work that's why the private sector is very necessary neither for me nor everyone.

As privatization means, giving decisions makes control to the private player instead of a government body. The country like India the main concern of working people is job safety that is going to be a secondary point for private owners their sole purpose is production at any cost.

Psu's are the profit-making companies so instead of privatization government should focus on improving the working condition as well as providing better resources to work efficiently.

Most of the government companies run their social programme for the welfare of nearby underprivileged society, in case of the private sector they did not care much.

PSU controls some of the important supply of resources like oil, power, steel etc. That should be controlled better by the government keeping in mind the last person of every society.

The government can easily collaborate with foreign technologies and working culture as a gesture of their good relation but in case of the private sector, they had to pay some price which will further be compensated by our middle-class population in terms of price.

During the national crisis time like floods, earthquake etc. PSU come with their helping hand to serve nation.

I have some points:

1) Privatizing PSU is ok only by Improving strong regulatory body like RBI, SEBI, IRDA etc.

2) Proper Labor Security should be provided and it should have proper vigilance from labour department.

3) it Is also right that when we have regulatory authorities like RBI, SEBI then we no need the government to do business.

Yes, because in India 60% of PSU's employees don't deserve that. Private companies are meant for their service and because of privatisation competition is increases. Higher competition leads to better services at a lower cost.

Hello, everyone.

My name is Lakshay Tomar and I am from Meerut, UP.

Firstly I tell what is privatization so it means selling more than 50% of the PSU stock and givinģ up ownership to private companies.

And according to me, it is an issue which has many merits and demerits.

If I talk about some merits of privatization that.

It increases the quality of service, they completed work in time, improve the economy of our country, and also reduces corruption, disciplined way of work so these are some merits of privatization.

Now if I talk about some demerits of privatization that in the private sector there is no safety of a job, they dismissed at any time, and it is not a great option in a country like India where prices is very important factor private companies may increase the price at any point in time. And the monopoly of private companies is the main demerits of privatization.

So according to me, the conclusion is that partial privatization of the public sector is the need of the hour.

In my point of view,

Public sector should not be privatized because we all know that a private company first motive is to want more money. They can't do anything for the welfare of the people. I know they do their best services but their cost is too high. So, the poor and middle class can't afford this. But in another hand, the public sector first motive is to getting service for all class people in the same rate. And we know that if you get a job in the public sector. You got security to your job but in private sector yo get a job there was no security. If you didn't do the work in perfectly manner they will restrict you. But in the public sector, you have security. In the private sector no timing fix for the employee but in PSU you get a no. Of working hour. In the private sector, you don't get any allowance but in PSU you get these facilities. In the private sector, you don't get any pension facilities but in PSU you get these facilities.

In my opinion, PSU should not Private, because it is the Very helpful for the in Critical Situation like Covid -19 age. Government should Strict monitoring on Public sector unit. Like Delhi Metro Rail Corporation.

Hello everyone.

I am in favour of the privatization of the public sector because it hinders the growth of the sector. Most of the public sector does not able to work due to political interference it reduces the output from the sector which cause to hinder the national growth and GDP of the country. It should be free from political interference and help in increasing the GDP of the country and due to this, it help in generating more and more employment for the people. For example, the condition of government school is degrading day by day it is just a medium of getting a degree without knowledge while the condition of private school is far and far better than government school and it imparts knowledge to the students.

Thank you.

Privatisation of PSUs Surely a boon for everyone, but a bane for the lower and middle class as well.

It's like get a subscription to watch ad-free. But, when things are in the government's control, watch it for no to little charge. So, ownership transfer is not an answer. Need to strike a balance between service quality, reach, and cost.