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The statutory sector involves all the organisations that are set up, controlled and funded by the government, for example public school and NHS hospitals.
The statutory sector is funded by people who pay taxes and national insurance etc.
This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit.
The independent sector is funded by the clients who use the service. Their money is used to buy supplies and pay wages etc. An example of an independent sector organisation is private schools.
What else can I help you with?
Is the public sector the same as the statutory sector?
Yes
What is Voluntary and Statutory Sector Liaison?
The voluntary sector in the United Kongdom is those businesses that are charities and are operated on a non-profit basis. The statutory sector is the agencies of central or local government.
How is the statutory sector funded?
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
What are the advantages of statutory sector?
The statutory sector, comprising government-funded services, offers several advantages, including accessibility to essential services for all citizens, often regardless of their financial situation. It ensures standardized quality and accountability through regulations and oversight. Additionally, the statutory sector can address social inequalities by providing targeted support to vulnerable populations, promoting overall public welfare and stability.
What is the meaning of statutory education?
the meaning of statutory involves all the organisations that are set up, controlled and funded by the government. For example public school and NHS run hospitals. The statutory sector is funded by people who pay taxes and national insurance etc.
What does the statutoy sector provide?
The statutory sector provides essential public services that are mandated and funded by the government. This includes services such as healthcare, education, social services, and law enforcement, among others. The statutory sector plays a critical role in meeting the basic needs of society and ensuring the well-being of its citizens.
What is a non statutory sector?
Non-statutory organisations are service-providing bodies. They are not legal entities in their own right, but are accountable to, and/or funded by, a single organisation or a partnership between different organisations.
What has the author Joyce M Najita written?
Joyce M. Najita has written: 'Guide to statutory provisions in public sector collective bargaining' -- subject(s): Collective labor agreements, Government employees, Grievance procedures, States 'Guide to statutory provisions in public sector collective bargaining: union security' -- subject(s): Collective labor agreements, Government employees, States, Union security
Is SEBI a statutory body or non statutory body?
Statutory Body
What is the difference between statutory and non statutory audits?
what is the difference between statutory audit and non statutory audit.
What type of government does Liberia have?
Liberia has a dual system of statutory law based on Anglo-American common law for the modern sector and customary unwritten law for the native sector for exclusively rural tribes. Liberia's modern sector has three equal branches of government in the constitution, though in practice the executive branch headed by the President of Liberia is the strongest of the three.
What is statutory liqudity ratio?
Statutory liqudity ratio means all the banks maintained it in the form of cash in hand (exclusive of the minimum cash reserve ratio),Current account balances with SBI and other public sector commercial banks, unencumbered approved securities and gold. RBI prescribes SLR from 25% to 40%.
