Question

this is the form of public enterprises as a department of the minsistry headed by a minister - identify the organisation and state its demerits and merits​

Answer 1

Answer:

this is the form of public enterprises as a department of the minsistry headed by a minister - identify the organisation and state its demerits and merits

Answer 2

Answer:

Public enterprise stands for a concern owned and managed by the State or any other public authority. It also broadly refers to nationalized industries and institutions, which are engaged in production or supply of services.

In recent years, the Central and State Governments in India have established many public enterprises conforming to the Industrial Policy Resolutions of 1948 and 1956. The trend also has been in the direction of expanding the public sector. In view of this, the public enterprises are expected to play a much greater role in the coming years.The principal features of this form of organization are as follows:

i. The enterprise is managed by one of the departments of the government.

ii. The minister in charge of that department has direct control on the enterprise.. It is financed by the annual budget appropriations passed by the legislatures and its revenue or its major portion of income are paid into the treasury.

iv. Being treated as a government department, it is subject to the same rules and regulations as applied to any other government department with regard to budgetary, audit, and accounting controls.

v. The enterprise like any other government department is managed by the full-fledged government employeesSome of the merits of this form of organization are as follows:

i. It enables the government to produce some commodity or render some service without losing control over the enterprise.

ii. It provides service without losing control over the enterprise.

iii. It functions as government’s economic and social objective.

Explanation:

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