Question

essay on save public sector

Answer 1

The modern economy is a mixed system in which public and private sector forces intereat together. It is requierd where competition is ensufficient because of low cost. Government protection is required. Adjustment in the distribution of income and wealth. Public and private points of view on the rate o discount used.

Answer 2

Answer:

The term ‘public purpose’ refers to the desire to attain some broader developmental goals and range of socio-economic objectives.

The ‘public ownership’ refers to ownership — directly or indirectly — through the shareholding of PSUs by central, state and local governments as well as autonomous public institutions. In India, for companies under Section 619B of the Companies Act, 1956, 51% or more of the paid-up capital is held by the Government along with one or more PSUs, or by one or more PSUs, without the Government holding any share.

These enterprises have only partial public control inasmuch as the provisions of Section 619 of the Companies Act regarding the appointment of auditors by the Government on the advice of the Comptroller and Auditor General (CAG) apply to them.