Difference between corporation and authority
choudharey
(Querist) 07 February 2012
This query is : Resolved
what is the difference between
1)public sector undertaking, public service enterprise
2) corporation and authority example between BSNL and NHAI
3) In above four categories whose employee is govt employee
ajay sethi
(Expert) 07 February 2012
we are not answering academic queries . do google search
V R SHROFF
(Expert) 07 February 2012
“SORRY, Can't reply THESE TYPE OF QUERY having Repetitions, Academic, contains SMS Language, Commercial, Vague and Imaginary query.”
Devajyoti Barman
(Expert) 07 February 2012
“SORRY, Can't reply THESE TYPE OF QUERY having Repetitions, Academic, contains SMS Language, Commercial, Vague and Imaginary query.”
Gulshan Tanwar
(Expert) 12 February 2012
PSU or Public Sector Undertakings are State/Government-owned Enterprises like Air India Limited, Bharat Heavy Electricals Limited, Coal India Limited, Food Corporation of India, Hindustan Aeronautics Limited, India Trade Promotion
Limited, National Thermal Power Corporation, etc.In India, public sector undertaking (PSU) is a term used for a government-owned corporation. The term is used to refer to companies in which the government (either the Union Government or state or territorial governments, or both) owned a majority (51 percent or more) of the company equity. The vacancy about various posts is published in Employment news weekly and the official website of that particular company. PSU means Public sector undertaking. It main objective that - To promote rapid economic development by filing critical gaps in the industrial structure. To provide basic infra-structural facilities for the growth of the economy. To reduce disparities in income. To enhance the employment opportunities by heavy investment in industry and mining, transport and communication. To increase exports and earn foreign exports and earn foreign exchange to ease the pressure of Balance of Payments.
whereas
A pubic sector enterprise may be defined as any commercial or industrial undertaking
owned and managed by the government with a view to maximise social welfare and uphold
the public interest. Public enterprises consist of nationalised private sector enterprises, such as, banks, Life Insurance Corporation of India and the new enterprises set up by the government such as Hindustan Machine Tools (HMT), Gas Authority of India (GAIL), State Trading
Corporation (STC) etc.the nature of the public enterprises their basic characteristics can be summarised
as follows:
(a) Government Ownership and Management: The public enterprises are owned
and managed by the central or state government, or by the local authority. The
government may either wholly own the public enterprises or the ownership may partly be with the government and partly with the private industrialists and the public. In any case the control, management and ownership remains primarily with the government. For example, National Thermal Power Corporation (NTPC) is an industrial organisation established by the Central Government and part of its share capital is provided by the public. So is the case with Oil and Natural Gas Corporation Ltd. (ONGC). (b) Financed from Government Funds: The public enterprises get their capital from Government Funds and the government has to make provision for their capital in its budget.
(c) Public Welfare: Public enterprises are not guided by profit motive. Their major focus is on providing the service or commodity at reasonable prices. Take the case of Indian Oil Corporation or Gas Authority of India Limited (GAIL). They provide petroleum and gas at subsidised prices to the public. (d) Public Utility Services: Public sector enterprises concentrate on providing public
utility services like transport, electricity, telecommunication etc.
(e) Public Accountability: Public enterprises are governed by public policies formulated by the government and are accountable to the legislature.
(f) Excessive Formalities: The government rules and regulations force the public
enterprises to observe excessive formalities in their operations. This makes the task of management very sensitive and cumbersome.
And better read Art.12 of the Constitution of India and the commentary available to it.
