describe briefly the changing role of public sector.
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31
hey mate here is your answer
At the time of independence in 1947, India had just 5 central public sector enterprises with an investment of mere 29 crore. besides perhaps India had fairly reasonable networks of railway and extensive port covering the entire country to serve the British masters .
Today India has 320 central public enterprises with an investment of rs 12 lakh crore .
HOPEFULLY THIS WILL HELP YOU
At the time of independence in 1947, India had just 5 central public sector enterprises with an investment of mere 29 crore. besides perhaps India had fairly reasonable networks of railway and extensive port covering the entire country to serve the British masters .
Today India has 320 central public enterprises with an investment of rs 12 lakh crore .
HOPEFULLY THIS WILL HELP YOU
Answered by
41
Here ur answers.
The following steps are taken by government :
1.Reducing the number of reserved industries :There 17 industry which could be run only in the public sector before 1991 .
1.Atomic energy
2.Arms
3.Rail transport .
2.Professional management : Professional managers are appointed in place of IAS officers to remove managerial inefficiency in the public undertaking .
3.Provision of National Renewal Fund :NRF has been established by the government for providing security to the employees in the public sector .this fund was set up in February 1992 .the main aim of this one is to provide help to do employee who are either in the surplus or have retired voluntary .
4.implementation of memorandum of undertaking : Government sets are definite performance target for public undertaking under this concept ample freedom is also granted to the achieve the target and in case the desired target is not achieved the responsibility of the manager of the undertaking is also made clear .
The following steps are taken by government :
1.Reducing the number of reserved industries :There 17 industry which could be run only in the public sector before 1991 .
1.Atomic energy
2.Arms
3.Rail transport .
2.Professional management : Professional managers are appointed in place of IAS officers to remove managerial inefficiency in the public undertaking .
3.Provision of National Renewal Fund :NRF has been established by the government for providing security to the employees in the public sector .this fund was set up in February 1992 .the main aim of this one is to provide help to do employee who are either in the surplus or have retired voluntary .
4.implementation of memorandum of undertaking : Government sets are definite performance target for public undertaking under this concept ample freedom is also granted to the achieve the target and in case the desired target is not achieved the responsibility of the manager of the undertaking is also made clear .
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