Central and state public sector undertakings (PSUs) play an important role in India's economic development and industrialization. PSUs were established by the government to address socio-economic issues and steer the country towards self-reliant growth. There are currently 249 PSUs in India. PSUs are characterized by state ownership and control, a service motive over profits, state financing, and bureaucratic management. They provide advantages like balanced growth and development but also have limitations like lack of efficiency and flexibility. PSUs are categorized as Maharatna, Navaratna or Miniratna based on their performance and criteria. Disinvestment involves partial privatization of PSUs to raise resources and increase efficiency.
Its about economics reforms that were introduced in 1991.
why such reforms were needed ?
what was situation at that time ?
what were the achievement and limitations of economic reforms ?
Industrial Policy Resolution of 1948
Industrial Policy Resolution of 1956
Industrial Policy Resolution of 1973
Industrial Policy Resolution of 1977
Industrial Policy Resolution of 1980
The New Industrial Policy of 1991
Its about economics reforms that were introduced in 1991.
why such reforms were needed ?
what was situation at that time ?
what were the achievement and limitations of economic reforms ?
Industrial Policy Resolution of 1948
Industrial Policy Resolution of 1956
Industrial Policy Resolution of 1973
Industrial Policy Resolution of 1977
Industrial Policy Resolution of 1980
The New Industrial Policy of 1991
The presentations describes the 1991 Liberalization Privatization Globalization(LPG) model of Indian economy. Following are the topics discussed in the ppt:
Reasons for implementing LPG
Definitions
Advantages
Disadvantages
Disinvestment Commission
Successful privatizations in India
FDI
MNCs
Effects
The presentations describes the 1991 Liberalization Privatization Globalization(LPG) model of Indian economy. Following are the topics discussed in the ppt:
Reasons for implementing LPG
Definitions
Advantages
Disadvantages
Disinvestment Commission
Successful privatizations in India
FDI
MNCs
Effects
Disinvestment and its Impact on the Performance of CPSEsijtsrd
Government of India had adopted the policy of disinvestment back in 1991 after the enactment of New Industrial Policy mainly due to poor performance of public sector enterprises for several past years. India had experienced huge losses in public enterprises, heavy foreign assistance, adverse foreign trade, high budget deficit etc., all of these unfavorable conditions forced the government to take some serious economic decision to address the various interlinked issues. The policy of disinvestment of public enterprises is one of them. The decision of disinvestment is also influenced by the experience of other countries with disinvestment. From the above analysis and observations of various literatures, research papers, reports and data it can be concluded that the overall performance of CPSEs shown an improvement in the post disinvestment era. Ram Avatar Singh "Disinvestment and its Impact on the Performance of CPSEs" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33634.pdf Paper Url: https://www.ijtsrd.com/economics/financial-economics/33634/disinvestment-and-its-impact-on-the-performance-of-cpses/ram-avatar-singh
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
4. Central and state Public Sector Undertakings (PSUs)
play a prominent role in India’s industrialization and
economic development. Since independence, various
socio-economic problems needed to be dealt with in a
planned and systematic manner. A predominantly
agrarian economy, a weak industrial base, low
savings, inadequate investments and lack of industrial
facilities called for state intervention to use the public
sector as an instrument to steer the country’s
underlying potential towards self reliant economic
growth.
Why PSU in INDIA
5. Public sector enterprises in India have grown
from only five enterprises post independence and
with an investment of ` 0.3 bn in the year 1951 to
249 enterprises as on Mar 31, 2010. Aggregate
investment in Central PSUs has been increasing
over the years. Total investment, including equity
plus long-term loans of Central PSUs went up
from ` 5,135.32 bn in FY09 to ` 5799.20 bn in FY10,
growing 12.93%.
Evolution of Public Sector
Enterprises in India
6. 1. State Ownership:
Public undertakings are fully owned by the
Government or some public authority. For
example, Reserve Bank of India is owned by the
Central Govern-ment while Delhi Transport
Corporation is owned by the Government of Delhi
State.
2. Government Control:
The ultimate control of a public sector undertaking
lies with the Government.
CHARACTERISTICS OF PSU’S
7. 3. Service Motive: The primary objective of a public
sector undertaking is to render service to the
public at large. In order to serve the public, it may
even incur loss. For example, the Food
Corporation of India provides food grains to the
public at subsidised prices.
4. State Financing: The Government provides the
capital and funds through appropria-tions from its
budget. The government may also provide loans
from time to time from the State exchequer.
8. 5. Public Accountability: Public sector undertakings are
accountable to the public at large for their performance
and results. The annual audit of these undertakings is
con-ducted by the Comptroller and Auditor General of
India. Moreover, their annual reports are subject to
discussion in the Parliament or the State legislature.
6. Bureaucratic Management: The management of
public sector undertakings is bureau-cratic in the sense
that their operations are governed by certain rules and
regulations prescribed by the Government.
9. 1. Balanced growth
2. Long period planning
3. Facilities for economic development
4. Greater public welfare
5. Equal distribution of wealth
6. Abolition of monopoly
7. Better relation with labour force
8. Achievement of self-reliance
9. Utilization of local resources
ADVANTAGES OF PSU
10. 1. Lack of initiation and efficiency
2 Lack of selection of goods
3. Political interference
4. Slow growth
5. Poor management
6. Lack of flexibility
Limitations: PSU
12. Allows the PSU’s to raise its Investment Ceiling from Rs.1000
to Rs.5000 cr.
Criteria
1) Granted to Navaratna companies
2) Listed in Stock Exchange
3) turnover more than Rs.25000 crore.
4) Net profit Rs.5000 crore
Maharatna
13. Bharat Heavy Electricals Limited
Coal India Limited
GAIL (India) Limited
Indian Oil Corporation Limited
NTPC Limited
Oil & Natural Gas Corporation Limited
Steel Authority of India Limited
LIST of MAHARATNA
14. Allows to raise up to Rs. 1,000 crore or 15% of their net worth
on a single project or 30% of their net worth in the whole
year
Criteria
1) A score of 60 (out of 100), based on six parameters which
include net profit, net worth, total manpower cost, total
cost of production, cost of services, PBDIT ,capital
employed.
2) A company must first be a Miniratna and have 4
independent directors on its board before it can be made
a Navratna.
NAVARATNA
15. Miniratna-I: up to Rs. 500 crore or equal to their net
worth, whichever is lower.
Miniratna-II: up to Rs. 300 crore or up to 50% of their net
worth, whichever is lower.
Criteria
1) Have made profits for the last three years continuously
and should have a positive net worth.
MINIRATNA
16. Maximizing the rate of Economic growth
Development of capital intensive sector
Development of agriculture
Balanced regional development
Increasing employment opportunities
Roles of PSU
17. Preventing private monopoly
Export promotion & Import substitution
Research & Development
Mobilization of resources
Establishment of socialist pattern
18. Selling or liquidating an asset or subsidiary.
Disinvestment is the withdrawal of capital from a country or
corporation.
Disinvestment
19. SALIENT FEATURES
Sale of only part of equity holdings held by the government
to private investors.
Leads only to dilution of ownership and not transfer of full
ownership.
Privatization refers to the transfer of ownership from
government to private investors.
Disinvestment is called as Partial Privatization.
20. Releasing large amount of public resources
Reducing the public debt
Transfer of Commercial Risk
Expose the privatised companies to market discipline
Wider distribution of wealth
Effect on the Capital Market
Increase in Economic Activity
OBJECTIVES OF DISINVESTMENT
21. Social security for Employees
Choosing out area for disinvestment
Threat to national security
No transparency
Failure to attract foreign buyers
Challenges in Disinvestment
22. Clear description of policies
Improving benefits for the employees
Support from PSU banks
Disinvestments
Improved operational excellence & Marketing strategy
Recommendations
23. IOC
Bharat petroleum
Hindustan petroleum
SBI
ONGC
Indian PSU in Fortune 500
24. 1) ONGC
2) NTPC
3) IOC
4) NMDC
5) BHEL
6) SAIL
7) CIL
8) GAIL
9) OIL INDIA
10) Power Grid Corporation of India
Top 10 PSU