[Iswarya D]

MNC’s are superior to Indian companies

A controversy has always existed amongst the general public about the merits and demerits of being associated with a Multi-National Company or an Indian company.

For:

- Multi – National companies not only provide people with better and enhanced job opportunities but also with job securities as well
- The salaries also in an MNC are much more than compared to an Indian company and hence benefiting the country’s economy as well
- MNC’s also help in increasing the import and export trades hence giving a boost to the Indian economy
- The infrastructure as well as the facilities provided by a multi-national company are much better than those provided by Indian companies
- Employees working in a MNC culture also have an edge over other employees of going and working in an international environment

Against:

- It is difficult for a multi – national company to enter in India and start and retain its operations because of the changing policies
- The Indian companies are losing its importance with the increasing power of MNC
- The MNC culture is gradually putting the owners and the employees of Indian companies out of business as they are unable to match with the standard of infrastructure and the facilities provided
- The MNC’s have a stringent interview process making it difficult for everyone to enter a MNC company

Conclusion:

- MNC’s are definitely superior to Indian companies in a lot of things like infrastructure, salaries, etc., but they should not be putting out the Indian companies out of business.

[Iswarya D]

Privatization is transmitting of ownership from the public sector to the private sector.

Corruption could be in any form and any field whether it is related to money, politics, and medicine.

For

• People out of fear of being noticed very fast may be less corrupt.
• It reduces prices of goods and has less interference of government.
• There is a close relation between employees and managers. They both work together in order to maximize profits in the correct way. Certainly, if there are profits, corruption will be less.
• Salaries of people are high as compared to government sector. People are constantly motivated. This reduces the changes of bribes etc.

Against

• Privatization gives more liberty to people.
• Privatization will introduce more risk. More risk means people to save their assets will certainly get into corruption by any means.
• Privatization may lead to monopoly. People are free to make any sort of “Adjustments”.
• Corruption as a matter of fact has got nothing to do with public or private sector. It entirely depends on the people.
• Privatizing a sector is not the solution. People are corrupt in almost all hierarchies.

Corruption in itself is bad and not acceptable from any sector and any form. Biggest examples would be Satyam. The government should not just take strict action against corruption but also try and speculate over means to avoid it.