Answer- first
We know that there are so many problems in public sector. There is corruption at its peak. People are fed up with the bureaucracy. The benefits for the poor is not reaching. Leakages in the distribution system is at its extreme and we are seeing privatization of all non-performing PSUs (Public Sector Units) as a sure shot remedy to all those ailing problems.
However, privatization is not going to solve these problems. And, even if, it did, other problems of private sector will arise like, money driven-profit making approach, huge margins and high job insecurity. Also, privatization of public would make those important and crucial sectors unpredictable and unstable. Privatization of the public sectors will ruin the very purpose, why the government has been holding on to these sectors, which is human welfare.
What needs to be done is, that there should be a public private partnership (PPP) and government share should be no less than 51% so that it can take any decision. Also, FDI in these sectors should be allowed so that new technology could make a way to these sectors. Also, in those sectors where a private interference may not be feasible like defense, government database management, etc, we can appoint a monitoring body with stringent punitive laws to govern and monitor the proper functioning of those departments. In some sectors like, railways, roads construction, etc we could have both public and private companies working so that there is fair amount of competition. Banking sector, Mutual Funds and Insurance sector are some excellent examples.
At the end, I would like to conclude that we don't need to completely privatize the public sector. Rather, we need to open the gates for the private companies to work together with public sector.
Answer-second
I would like to present my views to the topic.
And according to my view the public sector should not be privatized as if it is done it would have many bad effects.
As in today there are 3 main sectors which are completely under government i.e.railways, defense and atomic energy and if these are privatized it would have a huge effect like.
1. Firstly these are the sectors which requires huge investment which is not possible for the private owners.
2. Secondly the serve the society without concentrating on there private profit motive which will be against the principle of privatization.
3. Moreover these sectors are too crucial that if are privatized it may lead to mismanagement which would effect the society mainly in the case of defense and atomic.
4. If these are privatized then the private owners would exploit the public in best possible manner for there own profit.
The only benefit from privatization will be that, that the management will be good.
The solution which I think can be that only the management is privatized and rest or the major control is with government.
Answer- Third
I do not support the privatization of public sector.
As public sector is the backbone of our social and economic welfare.
Social welfare in terms that, public sector is providing cheap education to the poor children through government schools and government colleges and if education is privatized, it becomes costlier resulting out of reach to the poor children.
Also, for an employee, doing a job in public sector is more secure and provides more social and economic upliftment.
Corruption in public sector can be reduced by enforcing strict rules, and there is no need to change the whole public sector company to the private sector just for reducing corruption.
And it is also not guaranteed that the conversion of public sector to private sector will reduce the corruption because the employee will remain same which are before privatization.
Instead we should look forward to make our public sector more productive, more efficient and more corruption free rather than throwing them in hands of business people whose only aim is to get profit and only profit without thinking about the welfare of society and individual well being.
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