Pros:
- It will build railway a profit creating organization.
- It will definitely enhance the potency of the railway force and system.
- It will provides a likelihood to personal players to implement innovative ideas promptly.
- It will improve the standard and skill of the railway commuters.
- It will cut back the corruption done by TTEs straight away for giving instant tickets.
Cons:
- If the contract is given to few personal players then they'll exploit the market and build kitchen utensil profits which can lead to increase of fare.
- Lot several railway staff may loose their secure government job or given associate degree early retirement thanks to a similar.
- Lot of state travels happen through Indian railway in an exceedingly trouble free manner, which may face some hurdles.
Major Hurdles to/after privatization:
- Strong labor unions of railway staff United Nations agency may organize strikes/Bandh etc.
- Management of resources between government railway and personal players just in case some portfolios area unit preserved by government
- Management of force when privatization (As railway is that the one in all the biggest employers in India)
My Opinion:
Railway ought to be privatized in an exceedingly regulated manner in order that government may also have a say regardless of the personal player will. probabilities ought to run to several personal players so as to form a meaningful competition which can lead to bigger profit to public at massive.
Regulations may be obligatory in evaluation policy, technical aspects, safety aspects and business moral aspects.
Government rules ought to be obligatory on the personal players and conjointly ought to be often inspected by railway so as to utilize their wealthy expertise.
Conclusively Indian Railway ought to be privatized in an exceedingly regulated manner and sensible variety of personal players which can make sure the public profit at massive and potency of IR as a corporation.
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