Should the public sector be privatized?

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.

I am working in a govt bank. I also think privatisation is necessary but with one condition. No government business handling. No rural bank as it simply unnecessary. Also, get ready to pay higher service price for banKing services. I know how we work.

Ajeet Kumar.

Hello, friends, I am Ajeet Kumar, I think public sector should be privatised, because in the public sector didn't work compare to the private sector.

Hello, friends.

My opinion is privatized is better because in the private sector get the job depends on skill and knowledge.

It should not be privatized because privatization would give ultimate sole power to the managing Head, and this would pressurize the employees too much extent.

In privatisation, authority comes into play. And moreover employees due to even their minor mistakes get might be sacked at the authority of Boss. And everybody might be aware of the motto:"Boss is always right", this comes into play. And to keep up your job you have to be loyal to your boss and are bound to take risky projects to show your expertise. And in doing so, sometimes you might end up losing your job.

Hello, friends. Myself Rohit. And I think all public sector should be privatized because in the private sectors we can get better facilities and we can believe on this fully. And if we are talking about public sector. First of all, I told you as a knowledge that public sector employees are corrupt. And we cannot believe on them.

You know what friends private sector is the cheapest but their facilities are very low and qualities are low and there are many examples as like if we are talking about schools. In the government school, their students always play and runs here and there. When teachers are into the classroom than students do something and the teacher always sleeps. There are not clearly. And if we are talking about private schools their teachers are punctual of timing. Students read properly. There are many extracurricular activities. As like game, dancing, swimming, swinging, singing or many things. So all of these students can choose their aims also. So I think private sector should be privatized.

It's should not need in the public sector be privatized in my thoughts.

Because public service in employees is many flexibilities give by the government. IN govt the railway department and Indian force in the private sector that does not work our country.

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.

Privatization should not happen.

Present banking system working fine to resolve every problem of the customer. Bank employees are having a lot of pressure from higher official to resolve every complaint.

By privatization, fixed targets will be given to employees which can't be achieved on time leading to salary deduction and they ask fewer people do more work which can't have happened.

PSB employees are trying their best to increase productive in their respective banks.

Hi,

I think privatization should take place. The staffs in the pubic sectors are enjoying so many privileges and living a leisure life. Everybody knows the truth, there is no denial. Of course, it happens in all the government offices, but the way people are being treated by the pubic sector bank staffs are really pathetic particularly if they are illiterate. Even I have suffered a lot with the public sector banks. They will look at us like as we are worms. They will show their faces if we write a challan with some mistakes. There are some exceptions I agree, but 75 to 80% of the bank staffs are only like this. Everyone knows that. But it's not the case in private sector banks. They are very customer friendly and provides us their maximum help to complete our work. Yes, its true, privatization would impose so much pressure on the public sector bank staffs, but from the point of view of customers it's good. They will at least learn to treat people with some dignity. It's to my opinion through my experience and it's not my intention to hurt the bank employees.