Privatization Definition, Example Top Methods of Disadvantages of Privatization Chances of Monopoly There are high chances of some private players taking in the lead and creating a monopoly market in their favor Public Interest Sectors Privatization is not advisable in some sectors which relate to public interest such as health care, education, etc The reason is that the service What is Privatization Definition of Privatization Definition The transfer of ownership, property or business from the government to the private sector is termed privatization.The government ceases to be the owner of the entity or business The process in which a publicly traded company is taken over by a few people is also called privatization. Privatization in the United States Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector the state or government or common use to the private sector businesses that operate for a private profit or to private non profit organizations. State, county, and city economies are constantly challenged in running government operations. Privatization of Public Sector in India A right step or Privatization of Public Sector Need of the Hour As PM Modi says, Privatization is the need of the hour As the world economy tends to become one global village, privatization as a policy norm seems to override political compulsions as an instrument for achieving competitive efficiency and LGC Ltd LGC Group, formerly the Laboratory of the Government Chemist, is an international life sciences measurement and testing company, which also provides the role and duties of the UK Government Chemist, a statutory role and adviser to the government LGC also hosts the UK s National Measurement Laboratory NML for chemical and bio measurement, which performs high accuracy measurements DoF says no privatization for crop insurance firm Sep , THE DEPARTMENT of Finance DoF said there are no current plans to privatize the Philippine Crop Insurance Corp PCIC , following fears expressed by farmers that premiums will rise if the government exits the industry Privatization of PCIC is not being considered at this time However Privatizing the U.S Postal Service Downsizing the Jul , The U.S Postal Service USPS is a large business enterprise operated by the federal government It has than , employees and than billion in annual revenues Revenues are supposed to cover the postal service s costs, but mail volume is plunging, and the USPS has been losing billions of dollars a year for than a decade. BPCL privatization remains unlikely Railway sector is to Sep , Here are the headlines, Nifty gives up at , while midcaps continue to sulk The metal industry makes a slight recovery after lunging down yesterday Private equity firm Carlyle Group has sold in a price band of to per share Piramal Capital and Housing Finance Limited, which won a bidding war for the ailing housing lender Dewan Housing Corporation Ltd DHFL , would pay its Letter Stitt needs to drop Medicaid privatization and Sep , Gov Kevin Stitt s decisions on delivery of health care appear to have political motivations rather than patient motivations Privatization of Medicaid has been tried in Oklahoma and other Shares in Brazil s Sabesp soar on Maia privatization remarks Aug , Shares in Brazilian water utility Sabesp soared as much as % on Friday after a So Paulo state official suggested he was prioritizing plans to