2. What Is Public Corporation?
• It is a government-owned corporation or firm
organized to carry on a particular governmental
activity, managed according to business principles by
an appointed board. It is a legal entity that
undertakes commercial activities on behalf of
government.
3. Government Firms in India
• Air India
• Bank Of India
• Indian Railways
• MTNL
4. Advantages of Government Corporations
• Formation of government companies is very easy.
• Government company facilitates all round industrial
development
• Government company enjoys financial autonomy.
• It provides a healthy competition to private sectors.