Need of privatization of public sector undertakings, Other Subject

Q. Why Privatization of Public Sector Undertakings are requied?

The private sector was allowed to set up business with government control over their functioning. There was however, a extraordinary growth of public sector undertakings, thinking that it would ensure the achievement of socialistic pattern of society. With the passage of time, though, nepotism, corruption took hold of the public sector undertakings. Instead of contributing to economic growth, these public sector undertakings became a responsibility for the government. Recent years have taken a total about turn and privatization is looked upon as the panacea. Public sector, envision as a catalyst in the economic growth of the country, steadily turned into a perennial loss-maker and a big liability. In 1990-91, of the 244 major business enterprises, only half showed any profits and that too before taxes. Ninety units incurred losses. There have been other factors which have undermined the utility of the public sector units in our country. There has been a continuous increase of budgetary deficit which has taken to inflation. Non-plan, non-development government expenditure is also increasing. Since public sector undertakings contribution to such expenditure is considerable, it is being suggested that they should be handover to the private sector.

Posted Date: 4/29/2013 1:23:57 AM | Location : United States

Related Discussions:- Need of privatization of public sector undertakings, Assignment Help, Ask Question on Need of privatization of public sector undertakings, Get Answer, Expert's Help, Need of privatization of public sector undertakings Discussions

Write discussion on Need of privatization of public sector undertakings
Your posts are moderated
Related Questions
There are three key flows in SCM, namely: The product flow, which consist the movement of goods from a provider to a customer, as well as any customer returns or service de

i really need some help in college american government book, "we the people ninth edition texas

time driven scheduling for real time operating systems report

"Sometimes, it is tempting to analyze people you know in terms of disorders they seem to show. What are the risks of assuming this kind of role as an amatur Psycholgist."

examples of provincial brand

How to Product on Aeroplane

What inspired Galileo to improve the telescope

During this course, you have reflected on, read about, and discussed ways that phonology, orthography, morphology, and syntax can be used in lesson planning and teaching ELLs. In t

Symmetric Cryptography Until recently, symmetric encryption techniques were used to secure information transmitted on public networks. Traditional, symmetric cryptographic syst

Question 1 Identify Arguments in support of the view that Political Science is a science Question 2 Write a note on ‘Political Thought' Question 3 Explain the Main