Answer the following questions
1) Briefly explain Global enterprises, Joint venture and Public, private partnership.
2) Briefly explain Departmental undertaking, Statutory corporation and Government company
3) Explain any four characteristics of Departmental undertaking and Statutory corporations
please answer it its too urgent
Answers
They may also be a part of the ministry or come into existence by a Special Act of the Parliament. The government, through these enterprises participates in the economic activities of the country. ... Thus, we have public sector units, private sector enterprises and global enterprises coexisting in the Indian economy.
Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature. It is fully financed by the government. Its powers, objects, limitations etc. are also decided by the act of the legislature.
Features Of Departmental Undertaking
Formation. Departmental undertaking is created by the government. ...
Capital. Its capital is provided from government budget. ...
Management and control. Such undertaking is managed by government civil servants. ...
Lack Of Flexibility. ...
Staffing. ...
Public accountability.