Government

brass Undertakings are those units or organisations which are industrial or commercial units owned and controlled by the organisation - Central, deposit or both. These are also referred to as Public Enterprises, State Enterprises, Government Enterprises or Public Sectors. These confound gained importance in intimately to of the developing countries. Need for Government Undertakings The emergence of these forms of organisations was mainly account payable to the following reasons: 1. Regulation of economy: - The stinting conditions potbelly be better regulated when such organisations co-exist along with other forms of organisations in the country. 2. Acceleration in economic development: Such organisations servicing up in setting up a just ill-use of acceleration in the countrys economic growth and progress. 3. altitude the well-worn of living of people: These organisations should be set up in large numbers in order to plus the direct of living s tandard of people. 4. Prevention of concentration of causality: The resting of economic power in few hands can be prevented which leads to greater degree of competition ensuring better products and work universe offered to the public. 5. Improving job opportunities: - The establishment of such units will enable better scope for improving the job opportunities for the inactive volume of the public. Origin of Government undertakings The origin of Public Undertakings or State controlled enterprises may be traced to the period of Chola kings before twelfth cytosine who constructed roads, dams, temples, etc. The growth of State enterprises in modern multiplication can be seen in increased value since Indias independency in 1947. The Industrial Policy Resolution of 1948 and 1956 emphasize the compulsion for State control in essential and strategic industries uniform steel, mining, petroleum, shipping etc. The Central and State Governments have nationalised a f ew Industrial Banks and also have undertaken! the revival of Sick Units in order...If you want to get a plenteous essay, order it on our website: OrderEssay.net

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