Social Service Motive – Their main aim is social service and their secondary objective is earning profit. It is established under a special act which defines its objects, powers and functions. But a statutory corporation can borrow funds from the public. Therefore, it may change its strategies and policies as required by the changing business environment. As a result, incompetent persons sometimes find a place on the Board of Directors. Companies listed in pse. An agency's leadership positions are created through laws and regulations, with those leaders going through a process to add new positions. Benefits of Private Participation – Since private sector can have a share in such companies, professional managers from private sector can be included in Board of Directors.
This leads to wide publicity of the working of these companies. A private enterprise is organized for the benefit of a few private individuals. D) Private Entrepreneurs. Pses are organisations owned by the government. Its accountability to the parliament relatively less. Import substitution: Public enterprises were also engaged in production of capital equipments which were earlier imported from other countries. Suitability of a Government company is in the following situations: 1. 7% over the past year. Reduction in number of industries reserved for public sector: This number is reduced from 17 to 8 and to 3 industries only in 2001.
A state enterprise is not as efficient as a private enterprise in not as efficient as a private enterprise. A Government company may be either a public limited company in which shares may be held by the Government and investing public or a private limited company in which public participation in share capital is not allowed. Once a position is vacated, it must be filled or removed from the agency permanently. Therefore, the smooth working of a departmental undertaking is disturbed. 5 Largest Public Companies in India's Public Sector. Government remains involved in all stages and private sector, is responsible for more commercial functions like project design, construction, finance and operations. Where economic control is necessary, for example, state trading in essential commodities, rationing, etc. Joint ventures between unequal partners often amount to quasi-mergers and attract antimonopoly regulations. Advanced technology contributes to the efficiency of the joint venture, enhancement of the quality of products and cost reduction. In order to reduce interference from the government, the CEOs of the PSEs should be accountable to a parliamentary committee composed of representatives of both the government and the opposition having good understanding of managerial and economic issues.
While some strengthening is conceded to PSEs to empower them to take independent choices, heritage frameworks and the impulses for being Government Companies confine their opportunity to act in open business sectors opposite the Private Sector. Plus One Business Studies Notes Chapter 3 Private, Public and Global Enterprises. In 1991, only 8 industries were reserved for the public sector, they were restricted to the areas of atomic energy, arms and ammunition, defense, mining, and ~ railways. A National Renewal Fund (NRF) was set up by the government to retrain or redeploy labour retrenched from a sick unit and to provide compensation to public sector employees seeking voluntary retirement. They may also be a part of the ministry or might have come into existence by a Special Act of the Parliament. Iv) Concentration of Economic Power.
Can the public sector companies compete with the private sector in terms of profits and efficiency? Their market information systems are reliable and up-to-date leading to effective advertising and sales promotion. There may be different types of public sector organizations, but many have something fairly important in common: civil service laws. But above all it is the political will of the government that matters. Answer: Differences between public and private sectors are summarised in the table given below: Question 2. They can afford to survive even during losses as well. Similarly Suzuki Motors of Japan and Govt, of India come together to form Maruti Udyog. Another important ingredient of organisational reforms is to ensure transparency in money matters. Administrative Autonomy – These do not have any administrative autonomy, from government department. Examples include Unit Trust of India, Life Insurance Corporation of India, Steel.
Government does not interfere in day to day working of these corporations. Incomplete Operational Autonomy – The fact is that the operational autonomy which they have is only theoretical. A departmental undertaking is not brought into existence under any act, whereas a Government company is brought into existence under the companies Act. A statutory corporation does not enjoy as much operational flexibility. A departmental organization is not governed under any act. What was the role of the public sector before 1991? Name at least two Government companies. It has its own staff, recruited and appointed as per the provisions of act. Public accountability – They are subject to high degree of public accountability. Pepsi, Coca Cola, Cadbury, Sony, Susuki etc.
Why do mother kangaroos hate rainy days? 14m long... Its a π-thon! It was an honest missed steak. I feel like a sheep! What do you call a dinosaur that never gives up? What is the best way to get in touch with a fish?
How many skunks does it take to make a stink? Advanced Clip Search. Milk comes out of its nose. What do frogs love about Christmas? Because its feet smell. What's Peter Pan's favourite animal? The farmer says, "Oh, that's Daisy. MOMS WHEN WE THISIE all DON TOUCH SHIT. What are bears without bees?
With invisible oink! "What's wrong with my computer? " Why don't most cows lie? Here are our all-time favorite cow puns. What do you get if you cross an elephant with a sparrow? Dinner and a moovie. What's blue and has big ears? Why did the dinosaur take a bath? What's 3/7 chicken, 2/3 cat and 1/2 goat? What do you call a cow that can part water? What's a cow's favorite subject in school? What do you find on a dinosaur's floor? "That darn fool Daisy, " he said. But we've probably already done enough to show our devotion to these large ruminants, and now it's exactly the right time to skip to the animal puns themselves.
Why should you be careful when it's raining cats and dogs? What is small, furry, and brilliant at sword fights? How do chickens communicate? We went into the field to look for our balls, and while I was searching I noticed that one of the cows had something white in it's backside. We hope you enjoy our collection of funny cow puns and jokes. What do astronauts eat for protein? You can't tuna fish! How can you tell if a pony has a sore throat? What do you call a goat on a mountain?
Because they're making cow pies regularly. There were two goldfish in a tank. We sell beef, chicken, and seafood that is superior steakhouse quality. What do dinosaurs have that no other animals have? Time to get a new hat! What weighs two tons and jumps like a frog? I can't help thinking I'm a goat. What bird is always out of breath? Chick-fil-A has a nice looking menu, but "Where's the beef? What is a Great White shark's favourite kind of sandwich? Why are elephants wrinkled?
Why is it so hard to hurt a cow's feelings? She replies, "Go right ahead. What does a cow watch? What did the shark say when he was accused of hitting his brother?
One of my friends and I just get together to eat hot dogs and tell the honest truth. How do farmers count their cows? How do rabbits travel? They're scared of the net!
A slug with a crash helmet! They're both flying information!
Why do cows lie down in groups when it's cold? The man says, "Well, I lifted the tail, pointed, and shouted to my wife, "Hey! Where do lions sell their unwanted stuff? "Of course I've heard of cows.
What happens when you talk to a cow? What did the farmer say when his cow wouldn't produce milk? Because they have such big fingers! To be fair, I didn't know she sold flowers. This is udderly problematic! When he got there he banged furiously on the door. My wife screamed "you haven't listened to a single word I've said, have you?! "