Should the public sector be privatized?

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.

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.

Public sector should not be Privatized.

The public sector is the government industries which instead of making money from the innocent people, it tries to serves for them voluntarily while many of the private industries main concern is making a profit. For this, they may exploit their workers or their product consumers. By Privatization so many people losses their jobs and also their dues salary remain under uncertainty which makes their lives miserable.

Instead of privatizing industries, if government Of India take control of a public sector like DRDO, ISRO then there will be no such problems will arise. It shows the govt of India has the best technologies at a reasonable cost which private one do not have.

So, govt have to make strict rules and regulations also for their sectors and make everyone to follow the same and hiring the capable ones.

Hello everyone.

No doubt everyone wants a public sector job but according to my point of view there is a huge difference in public sector and privet sector, in public sector basically they have no fixed target, actually they have fixed target but no one is exactly responsible for failure in incomplete of target, for example a company name as HINDUSTAN PAPER CORPORATION this company is in the loss of almost 7,00,00,000 every year from 2008 to till 2014 but this company is still working so, that means no work pressure on the employes of public sector and also because they have fixed salary, but employes of private sector have a workload because if they do not do their work they may lose there job, so for overcoming on such types of problem I think private sector is far far better than public sector for both self and INDIA development.

Hello friends, I would like to suggest my points. I appreciate all the points mentioned.

PUBLIC SECTOR:

The government's main goal is to satisfy it's citizens in a variety of different ways: better transportation, better national security, better education, as well as allowing for citizens to keep more of their well-earned money. With that said, sometimes the only way to satisfy all these different societal values is to privatize.

PRIVATE SECTOR:

Private-means more effort and sincerity, punctuality, money based on work done. It doesn't provide life security. Good quality at relatively cheaper price. Manufacturing of goods and services will be on time.

CONCLUSION:

I think public and private sectors are necessary for India because improving in economics. Improves the GDP.

Hi, everybody.

Well we are all concern about the impact that may come after privatisation of the public sector for the economically weak families of our country. But if we change little of our mindset public sector will continue to exist and progress with better pace.

Firstly almost all public sector employees say no matter we work or not, our salaries will be credited at the end of every month. So almost zero output which led to the option to privatise public sector.

Secondly private sectors employed the best, likewise leaving nepotism and money power behind public sector too should employ young, dynamic, creative, and innovative employees.

If these are fulfilled we wouldn't need private sector and poor's would not suffer. So both govt and people have to change first.

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.

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.

Please concentrate on public benefit.

In a country like India where democracy is ruling, each and every sector sud be public. Here all people of India as a family, are doing business, here owner and labour are same, profit from business is used for better education, treatments and development of whole country people. What it means the real democracy. Other wise, after growing sectors of privatisation, capitalisation would rise, exploitation of people would rise, as we can see in SIDCUL Haridwar, circumstances is so created by owners that minimum duty hours are 10-12, then also, very fewer payments,

The Quality of work in public sectors may be controlled by good management and administration, and for that, every Indian should committed to, Good luck to all.

Hello my friends.

I read all points mentioned above. Only one thought striking my mind that every one was saying that public sector employees are lazy, corrupt, inefficient so agreed to change public to private sector not thinking of our poor brothers and sister who would not be able to afford private sector services. In present scenario max youth is joining public sector (reason could be job security). So stop blaming others but put your best and change this mindset that government employees are lazy and inefficient.

And at the end I would only say that it is not the matter of private or public, it depends on person to person ethics. If you are a dedicated person towards your work you would work whether you are in public sector or in private sectors.