In considering the issue of public accountability of State enterprises we shall consider the following methods of making them answerable to public authorities and ensuring their compliance with criteria of commercial principles: 1. Ministerial Control 2. Parliamentary Control 3. Financial Control. Following chart shows the different methods to make State Enterprises accountable to the public: Method # 1. Ministerial Control: [...]
After reading this article you will learn about the working of public sector enterprises. Also learn about its defects, tests and suggestions for improvement. Public sector has been growing by leaps and bounds both in terms of the size on investments and diversity of its activities. At the start of the First Plan the investments in public enterprises totalled only [...]
After reading this article you will learn about the price policy of public enterprises in India. For a long time, there was no definite price policy prescribed for public enterprises in India. Because, until the adoption of planning, the role of the public sector in India was not very significant. Only a few public utility undertakings like Railways and Posts [...]