Should the public sector be privatized?

Respected All friends,

This is just a matter of discussion that which one is better. Public or Private. Should we privatise all public sectors of country like India. We all knows that there are always Pros and cons in each and every sector.

In my opinion we should not to change public into private. Rather think about eradication of existing cons of Public sector. We have to take step to rethink our mindset that we personally like to work in Public sector and want facility from Pvt sectors. This is only because our mind set is like getting a comfortable job. With good salary, working condition and less responsibility is key aim of our life.

Dear friends. Corruption is everywhere private or Public is not a matter of talk that corruption is more in Public sector. We observe that in day to day cases of Corruption is increasing in every sector. We should rather think about changing of our mind set and rather ourself to unite both sectors as a holistic view of PPP (Public private partnership) with all good things together.

Hi guys, my name is Rishikesh Raj.

In my point of view, public sector banks should not be fully privatised because public sector banks are more concern on social obligations and less concern on making profit in contrary to this private banks work for only profit that's why private players are showing less interest in opening bank in rural (unbanked) areas and if we privatise all the banks we will be denied part of population from accessing banking facilities. Govt may loose control on their functioning too.

Thank you.

No, it must not be privatised because it is the property of government and public. No-one have right to capture it for his sake. Private facilities are always expensive and special. But some public facilities are cheaper than private facilities. So, we should not privatise public facilities as private.

Of course there is a need for public sector to protect the interest of the poor people. They aim at social welfare. Their aim will always be to promote welfare. But nowadays private firms are also promoting social welfare. They want customer satisfaction.

They can never only focus on profit. After all these days we can see how marketing factors involve social welfare. The government has taken good decisions. It has neither given the whole control to private sector nor to itself. So I support the policies our government has taken. The mixed economy is the best.

Actually. According to me, it is an issue which have more pros than cons.

The privatisation of the PSU may help to boost the pending work and increase the quality of service.

Now people have to face competitions as like as private cooperates service.

The disciplined way work definitely boost our country progress.

If we will distribute the responsibility to the private sector then our govt has enough time and money to make a public-oriented scheme.

But before these, there must be a govt institution to supervise this privatisation so that. These sectors cannot ignore the public expectation.

I don't think that public sector should be privatized because private sector main intention is profit making whereas public sector concentrates on services to the economy along with profit making.

There's no need of public sectors to be privatized. We know how private sector works. They work only with one motive profits. They don't care for other things. They don't bother about workers, working conditions, more work less pay, everything commercial. No social responsibility.

As per my understanding privatization should be require in all the area of govt sector if we want to grow up our country. Privatization has occurred numerous time around the world especially in former socialist Countries. More relevant in the United Stated would be the period of privatization that occurred in Western Europe and Japan over the thirty year. In India most of the government employees has causual approach towards their job role. They don't paying their efforts like any private organisations employee. However, every month they are getting their salary through public taxes. This is really very unexpected and govt should be screening their employees every quarterly or yearly to evaluate their performance level and redundant non performing role based on their performance level. In order to improve our country's overall prospective, privatization should be mandatory so taht equality would be maintain in the society and everyone would be get benificial.

I am not in a favor of privatization of banks, If we privatized our banks then the same condition will come up that bank will not go to unprofitable area (rural areas) and then our whole banking history shows that how we merged one banks with other to connect rural areas with bank, no private sector will bear loss by going to rural area where is less business, and if this happen what will happen to our govt so-called efforts to Financial inclusion, it will be irony that on one side govt is pushing financial inclusion and on other side giving chances to private player to refuse it and we can assume it from the recent payment banks where many private sector bidders for payment banks turned down their proposal to open a payment banks citing a reason it's highly competitive and terms are non-profitable.

Already banking sector is facing issue of NPA and if we privatize our public sector banks then no bank will bear additional cost of opening a branch in rural sector where is no or less business for them, and its also seems not a good option if we see our past many efforts were done by past governments nationalized the banks by buying majority of stakes and in again 1991 economic reforms and then in again 2004 they owned IDBI shares made it one of the public sector bank now again selling stakes of IDBI and again making it private make no sense as the question comes how many times we will privatize and publicize the banks again and again if it was the correct option then condition of bank that today wouldn't be that much vulnerable it means answer lies somewhere else we need to find that answer and for the NPA's problem we need to strengthen our laws that punish every defaulter so that no one can dare to be willful defaulter.

Thanks.

Should the public sector be privatized.

Yes, public sectors should be privatizee. In our country, we can see lots of unemployment. If the government brings privatisation then we can develop our country in every stream. For instance, we can see various developments in private schools and companies. They are doing their work smoothly without being under pressure from the government. Every person can establish their business and all the responsibility should be public. They can manage their work and they can make their work fruitful.