Should the public sector be privatized?

Hello friends.

I believe both public and private sectors have their own pros and cons for instance red tap-ism, lack of interest and dedication are few against public sector yet there is a brighter side to it like they really do have a very systematic approach (though not functioning at par now) they are more concerned about public welfare (that is the basic underlying principle and the reason behind their nomenclature) unlike private where the basic principle is profit maximization. Public sector even after so many stigmas attached to their very existence caters more public and have highest beneficiaries under their umbrella.

Needless to redundant that private sector have a very dedicated and highly motivated staff, negligible corruption etc. But we must not forget the fact that we live in a nation where majority is combating the battlefield for survival where still people are starving and can not fetch even the basic amenities. So in a nation like this we can not afford to think like an American we have to think like an Indian.

So my friends I believe that rather than debating which is better public or private or should we privatize the public sector (presuming that private sector is better) we really need to think for a sustainable and holistic approach which in my opinion is PPP (public private partnership). PPP should combine the goodness of both and eliminate the cons.

The statement leads to a thinking that a public sector which is owned by the government body be privatized, which must never really happen if the economy and stability of a country be sustained. Instead, as everywhere, private players can chip into the business. This is what is happening in sectors that make a balanced, stabilized and profitable output. As far as banks are concerned, a public sector bank is and must be with a sole aim of servicing and helping the citizens of the country economically, profit being the second motto. But this is not the case with private banks whose motto is to make as much profit from the economy.

Recently there is a lot of discussion going on about privatizing railways. This must not be done at any cost just like how the government did for airways because the majority class of people traveling in railways has to be taken into consideration. Indian Railways is supposed to be the largest transporter across long distances for the middle and poor class. The advantage of bringing private competitors into the field is mostly to improve the quality of business with reduced rates. But as far as railways are concerned, bringing a third party only increases the burden on the people who use the service.

I encourage private parties playing on the field but not at the cost of handing over a government-owned system to a private machinery.

Hello Friends,

Our topic of discussion is public sectors be privatized. In my opinion it should not be done. I don't believe that there is no corruption in private sectors and 'Private means more quality'. As we all know both has +ves and -ves. What should be done is try to implement the positives of private sector in public.

In private sector employment is given on basis of talent and salary is paid on the work done. That policy should be acquired in public sector too. Employees of public sector may be talented, but once they gain a job in public sector, they have a feel that they are safe, and will be employed till 58/60 years regardless of their work. That attitude should be changed by implementing an organisation to keenly monitor their activities and action should be taken against such employees. This will solve the issue of delay and less quality in public sectors.

Reason am saying privatization should not be done is, more than 50% of Indian population is still living below poverty line. Privatization will make life uneasy for them, as there is chance for increase in cost of goods n services. Also its a false belief that corruption doesn't prevail in private sectors. Though it prevails in public sec too, at least we have the right to question it. But in Private sec, we will be given no choice, other than keep mum.

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.

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.

The discussion regarding privatisation of public sector is easy but very subjective complex issue why there is need for privations of public sector. It does not mean that by mere privatisation of public sector will create a miracle in terms of high turnover,high productivity, good customer satisfaction etc. However, the public sector will give a good result if following measures will be done:

1. The procedure matters in making decision for critical issues like private sector should be practical rather than on various complex formalities.

2. The work distribution among staff working in public sector should be balanced distribution according to their designation, qualifications, efficiency, salary, power etc.

3. Every concerned official should be held responsible/accountable for his performance.

4. The good policy/procedure of private sector if considers fit to any public sectors, then this should be followed, which will give good results.

So it can be concluded, if above points will be considered then there will be no need to privatise of public sector. But private sector will give example of public sector in good performance.

Hello guys,

At the time of Independence, our economy was backward & stagnant. At that time there was no infrastructural base & also, there was lack of capital & incentive among private entrepreneurs for privatization. Therefore, direct intervention of the state was considered essential. But later in this sector corruption, case of pilferage & leakage is increasing day by day.

Therefore, since today we have infrastructural base as well as private enterprises who want to invest their capital for privatization. From my point of view privatization is the only way for development & growth of country. Privatization is not only beneficial for rich but as well as for poor, for instance, poor will make efforts for their own development & growth. They will become independent & will do some work for their better future. They will not dependent on government polices or scholarships. It will help them or give a reason for living.

Also privatization will foster development of our country. As we know that in 2015, till our country is backward compare to others.

Thanks for paying attention.

Yes, by doing privatization of PSU Bank,

The New Management will work and think for the growth of the Banks and will change certain rules and terms of the function of the Banks, with the adoption of new technology and new products for digitization as public desire (particularly next generation) and in result It will definitely for the benefit of the Staff as the new benefits and perquisites will be offered to give best services to the customers for charges may be collected from the customers towards value-added services, further, the new management will take care that the lending of finance to the entrepreneurs will be safe and will not vanish as was happened in past.

The Banks will get funds by way of Bonds, equity and by way of other securities which at present is absent as the people understand that the PSU Bank is not at the level of Private Banks and there is a lot of understanding and misunderstanding.

So at the large point of view, it will be win situation for the staff by way of good facilities and good atmosphere and facilities, public by better services financiers and equity holders.

HELLO Friends I want to share my views with you. During independence all the powers are in government hands there are no such thing like private sectors even its quite difficult to open up a new private organization due to strict legal measures. But when public sectors privatized there was drastic change occurred in progress, development, innovation, competition, quality of products.

Like if we take an example of Indian banks before privatization, employees like women working there seem to be doing their own work like knitting etc. They were less interested in doing their work properly but after privatization huge change occurs they seem to be focussed in their job because of less security and competition. So to make our nation a developed from developing this could be a one method but also completely making all the public sectors privatized would also deviate from its goal. Because they more involved in money making processes.

And now some public sectors are doing well but in some sectors there is a need of change.

SO PUBLIC SECTORS SHOULD BE PRIVATIZED BUT UP TO SOME LIMIT.

It's good to see that many of us think about the our country India. I read the discussion which was left open, and I respect every point discussed over here, but I personally feel that if the Government of India goes for Partial Privatization in the sectors like Indian Railways, our railways system can grow much better then is is right now; full privatization will lead to monopoly of the private players in the market which will lead to hike in prices for the customers, we say 80% of India's GDP comes from the 20% customer then by privatizing we are neglecting those 20% customers or the citizens of India.

Let's go for the partial privatization or for the outsourcing of the product(s). As we all know the IRCTC is already been passed to Google to handle, Jindal steel is providing the best of the railways tracks.

If not Privatization, then we do have another option to increase the rail(s) for the cargo industry rather than increasing in the passenger. I'm not saying no to increase in train for passenger but after some period of time when the Railways get in to some good profits.