Skip to main content

Concept / Advantages / Disadvantages of Privatisation

Concept of Privatisation :-
   Privatisation is the transfer of control of ownership from public sector to private sectors.
It means the conversion of property rights from the public to private owners.
   The two elements of Privatisation are as follows :
1. Dereservation of public sectors :-
   The dereservation of public sectors has enabled the entry of private sectors in those industries which were reserve only for public sectors. This has led to improve customers service & efficiency of the firms. At present, 3 industries has reserved for public sector are Railways, Automic energy, & Specified minirals.
2. Dis-investment of Public sector :-
   Dis-investment is a process of selling government equity in PSUs (Public Sector Undertaking) to private parties. The disinvestment is undertaken to achieve good customers service, overcome polotical interference, overcome curruption in PSUs, improve efficiency of PSUs.
Advantages of Privatisation :-
1. Helps in reducing the burden on government.
2. Makes the PSUs competative.
3. Greater automomy for PSUs managers.
4. Industrial growth.
5. Better service to customers.
Disadvantages of Privatisation :-
1. Encourages the growth of monopoly power.
2. Privatisation may be prefer only for profit making PSUs.
3. Unbalance development of industries.
4. Compromise of social justice & public welfare.
5. Increased in corruption.
Labels:

Comments

Post a Comment

Popular posts from this blog

What is Migration? || Types / Causes / Effects of Migration ||

I ntroduction :- Migration means movement or shift of people from one place to another. People move from one place to another for temprary or permanent settlement due to social,political & religious reasons. Globalisation has made migration of people easy & common. T ypes of Migration :- The following are the different types of migration :- 1 . Local Migration :- It involves movement of people from one locality to another. 2 . Regional Migration :- It involves movement of people from one region to another. 3 . Rural to Urban Migration :- It involves movement of people from rural areas to cities areas due to industrialization. 4 . Urban to Rural Migration :- It involves movement of people from urban areas to rural areas due to higher cost of urban living. 5 . Mars Migration :- It refers to the movement of large group of people from one geographical areas to another. 6 . Forced Migration :- It refers to forced movement of people away from their hom...
Post a Comment
Read more

Concept / Advantages / Disadvantages of Globalisation -

Concept of Globalisation :- Globalisation is a process of rapid integration or inter-connection between countries through trade, foreign direct investment, capital flow, migration, & the spread of technology. The main elements of Globalisation includes the followings : 1. Introduction of Foreign Exchange Management Act, 1999 (FEMA) :- The government of India introduced FEMA 1999 to make foreign exchange transactions easier such as obtaining of funds by Indian companies from abroad, overseas investment by Indian firms, holding of properties in India by NRIs, holding of properties by India nationals abroad. 2. Reduction in custom duties :- The government of India reduced the custom duties. The reduction in import duties has resulted in cheaper import into India. 3. Liberalisation of foreign investment :- The government of India has liberalised foreign investment which in turns has given a good boost to Indian capital market. 4. Signing of WTO Agreement :- India...
Post a Comment
Read more

What is Interview?

Introduction:-    An interview is a formal conversation in which both concerned parties attempt to find out if the other party offers something valuable to them. A interview is a meeting between persons for a discussion. It is a conversation with a purpose. An interview is a face to face verbal exchange which endeavours to discover as much information as possible in the least amount of time about some relevant matter. A] Selection Interview/Job Selection:- This type of interview is also known as "Job Interview", "Employment Interview", "Service Interview" etc. The main objective of this interview is to select the right candidate for the right position. Apart from the application letter, curriculum vitae and other documents that a prospective candidate sends the employers, it is essential that a face-to-face meeting take place between the employers and the candidate to check the suitability of the candidate for the position for which s/he i...
Post a Comment
Read more