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Essay on privatisation of public sector in india

Privatisation, also spelled privatization, may have several meanings. Primarily, it is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector a government to the private sector, either to a business that operates for a profit or to a nonprofit organization. It may also mean government outsourcing of services or functions to private firms, e. Privatization has also been used to describe two unrelated transactions. The first is the buying of all outstanding shares of a publicly traded company by a single entity, making the company privately owned. This is often described as private equity.

Privatisation of the Public Sector Industries in India

Pros and Cons of Privatization of Banks – Vocal International

Introduction The case discussed in this paper is that of whether water should be privatized or be a public asset. Water is needed for everything, and all human beings and animals need it in order to live. Privatizing water is just another way of stealing. Water cannot be privatized and owned by private corporations whose only concern is to increase their profits. In public health, 21 of the 37 leading diseases in developing countries are related to unstable water sanitation Population Institute, , page 1. As a result, nearly 1. Nowadays firms that face losses and are inefficient go private.

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Please join StudyMode to read the full document. A case study video on how the Indian railway was turned around was discussed in the class. Please suggest a Strategy for turning around Pakistan Railways by proposing a change in their Value chain activities and subsequent strategies to be followed Ans At present Pakistan Railway comprises of 8, route km, 1, stations and 42 train halts. It has a fleet of diesel electric locomotives, 25, wagons and 2, passenger coaches. Maintenance is provided by three major locomotive workshops and thirty-five smaller workshops.

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