public-sector

Prior to the British rule, during British rule and even after independence, the Indian economy has been predominated by the public sector. Railways is the best instance of the public sector monopoly in India that maneuvers unabated till today. The so called babu jobs have been reputed, dignified and distinguished since the time unexplored. After independence private sector was missing and literacy rate was extremely low. Consequently nearly all the posts in Government jobs were filled by the few educated ones. However after liberalization policy of India in 1991, the foremost step was taken to unfasten the private sector and let it loose to perform in the globalizing world. Government jobs in India were once thought to be chased after only by the undaring, conservative and less ambitious persons due to public sector being figured as lame, unproductive, incompetent and poorly performing. On the contrary, private sector has always had an image of being competent, performance oriented, talent rewarding and certainly productive. Lucrative pay packages, even sometimes higher than Government jobs for the similar posts and performance based incentives have fascinated job seekers towards private sector notably. But in the recent past frequent economic recessions all over the world have trembled the trust of job seekers on private sector employers owing to their strict policies of lay-offs, freezes and job cuts. This has ultimately turned job seekers again towards the public sector for their rescue and elongated the list of contenders for Government jobs in India, the reason being that Government jobs are more secure than private ones and permanent which means they are liberal from any kind of lay-offs and job cuts without prior information. Government jobs are highly hankered for also because of the benefits associated with them like easy housing loans, medical facilities, retirement benefits, child education etc. that assure family security even after the untimely death of the employee. Facilities for women employees in Government jobs are commendable as well, which is evident from the recent approval of the Central Government for a paid-up ‘child care leave’ of up to two years during their career to take care of their children, besides the maternity break of six months. A huge variety of Central and State Government jobs in India are available in the areas like banks, schools, colleges, universities, Central Railways, Doordarshan, Akashvani, armed forces, navy, defence personnel, judiciary, conservation department, scientific research, Civil Engineering, Planning Commission, Ministries etc. but they all are en route to written examinations. The amazing response to the recent recruitment drives of the State Government after sixth-pay commission manifests the enthusiasm for Government jobs among people as several thousands of candidates applied for a few hundred posts. For the first time in India, Institute of Banking Personnel Selection(IBPS) is ready to conduct a Common Written Exam (CWE) for recruitment of Probationary Officers and Management Trainees in 19 Public Sector Banks. Henceforth, job creation in public sector continues but competition progresses along with it. There is always a choice one has to made, whether to opt for job in a private company or try for a Government job. Remuneration in both sectors is generous but the comfort, security and facilities one gets in a Government job is incomparable with what one gets in a private sector job and an orthodox Indian is always trying to recede the risk and stay peaceful in the aegis, making Government jobs more worthwhile to endeavor for.