Should the public sector be privatized?

14 banks were nationalised in 1969. Thereafter 6 more in 1980. Why?

Because they were mostly concerned for the profit motive. They established their branches in urban areas where profit margin was more. Did any bank think for social welfare or upliftment. The answer is no.

So banks were nationalised to cater the needs of rural as well as poor people.

Now if again banks or any other public sector are privatised it means you are taking your hands out from helping rural people. You are no more concerned about social upliftment. So better options are thoughts for alternate ways to earn a profit by reducing the non-performing assets. Or public-private partnership. So that you can join hands with rural people as well as urban for the profit motive.

It makes me feel bad about converting public to private sectors. Not only in banks all other fields also facing these problems like schools, colleges, and hospitals etc. What have we achieved in making private sectors? We have to pay more money than the required for getting customer friendly environment. We have got a lot of talented people in Govt sectors but they are not properly used. It's the fault of management and government has to take necessary actions on those who don't do their duty properly. It makes no sense in just making everything Private from Public for not Managing the Resources properly and showing the loss percentage. If the Management is good and takes the responsibility all the problems will be solved.

Thanks.

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.

The main failure of the public sector is too many officers in administration which spoils in decision making. Innovative methods of incentive systems linked with out-turn by workers with limited salary is imposed. Too many privileges are given to public servants by the politicians for their publicity.

Now in road transport both private and public transport compete with each other. In that aspect KSRTS and MSRTC are doing well in pare with private operators. BSNL versus other private networks are welcome. The government staff are lethargic and easy going on their duties because of governments third rated policies. , If they come out of it differently public sector will also emerge as tough competitor like BHEL, BEML etc,.

Hello friends, in my opinion, the public sector must be privatized. Private sector are more focused towards their goals and do the things which take them towards their goals. The skills which are required to grow and prosper are all acquired by a private sector. The people are well managed in their roles and they know how to work toward achieving their goals and bringing profit to their company. Companies works based on the profit it earns and the private sector knows it well.

If the public sector are undertaken by the private sectors then the facilities at the public sectors will be improved drastically. The employees of the public sector should learn the skills which are owned by the private sector employees.

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.

Hello friends,

According to my opinion in a country like India where there is so much of corruption due to which we are unable to grow at a fast pace, there is a need of digitization of both public and private sectors so that everything is available only and there should be no chance of exploitation as transparency is a must for each and everything. Those sectors where the government is unable to perform well should collaborate with private sectors to come up with the best solution or give a chance to individuals to show their capabilities.

So motive should be to develop India and improve the welfare of the people whether done by the public, private or both. Believe in make in India and make for India.

In my point of view, this has two sides. In public sectors people thinks that they are only hired for this post to come in the office and take money. They do not give importance to how much they did part of the job and they are less responsible for their job or anything.

But in private sectors, people are very much concern what they are doing and instead of this they are getting a good amount so they are very much sincere about their work.

In other hands, public sectors are for those people who are unable to pay a good amount to get any thing. They all have no capability to meet this. In our India, the numbers of this type of people are greater than others.

So I think public not to be privatized.

I appreciate all the points mentioned.

Friends, we see aesthetic buildings constructed around us at the same time we are moving on the roads with potholes and the interesting point is that both are constructed by private companies.

Private sector not only constitutes of companies like TATA, Infosys, L&T etc but their are companies like satyam too.

Since, we are working under public sector, we are finding flaws in it but, when we start working under private sector we will come to know its flaws and we won't be able to even complain about it.

So, for a better society it is necessary to take a stand against the flaws of public sector and work upon it.

Exactly the way AAP is working.

I think it is better to privatise the PSU banks because of below reason.

1. All PSU bank are loss making and govt is continuously throwing the good money after bad money. In long term, this model is not sustainable.

2. It is not govt duty to run PSU bank. 30 years ago things were different. Now in rural place, we can see private banks.

3. PSU employee is not doing their duty seriously. Banks NPA are increasing and it is wastage of public money which can be deployed somewhere else for the better purpose.

4. Corruption level is high in public sector banks.

5. Better technology is deployed at private sector banks which will in end and benefit common citizens.