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Several public sector undertakings (PSUs) in India have been privatized over the years. Notable examples include Bharat Aluminium Company (BALCO) in 2001, Hindustan Zinc Limited in 2002, and the sale of a majority stake in Air India in 2021. The privatization of these PSUs aimed to enhance efficiency, improve financial performance, and increase competitiveness in the market.
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Is the public sector more efficient than the private sector?
Generally the private sector is more efficient because efficiency means lower cost and more profit. The public sector doesn't have to worry about profit so there is no incentive to be efficient.
What is a sentence for sector?
The middle-class sector pays high taxes. The public sector often conflicts with the private sector in society.
Which bank has been selected as the best public sector bank of India?
bank of baroda
Dicuss the interdependence of micro economics and macro economics with examples?
Interdependence Between Micro Economics And Macro EconomicsPUBLIC SECTOR: Public sector is an organization which is owned by public authorities including central state or local authorities to an extend of 50% or more. The public sector is that portion of society controlled by national, state or provincial, and local governments. The public sector overlaps with the private sector in producing or providing certain goods and services. The extent of this overlap varies from country to country, state to state, province to province, and city to city. This overlap is most often seen in waste management, water management, health care, security services, and shelters for homeless and abused people.ROLE OF PUBLIC SECTOR IN INDIA:The public sector has been playing a vital role in the economic development of the country. In fact the public sector has come to occupy such an important place in our economy that on its effective performance depends largely the achievement of the country's economic n social goals. Public sector is considered a powerful engine of economic development and an important instrument of self-reliance. The main contributions of public enterprises to the country's economy may be described as follows:* Employment: Public sector has created millions of jobs to tackle the unemployment problem in the country. Public sector accounts for about two-thirds of the total employment in the organised industrial sector in India. By taking over many sick units, the public sector has protected the employment of millions. Public sector has also contributed a lot towards the improvement of working and living conditions of workers by serving as a model employer.* Balanced Regional Development: Public sector undertakings have located their plants in backward and untrodden parts of the county. There area lacked basic industrial and civic facilities like electricity, water supply, township an manpower. Public enterprises have developed these facilities thereby brining about complete transformation in the socioeconomic...
What has been the pattern of union membership in recent years?
growth of public sector unions only
Companies in the public sector which have been selected for disinvestment in the last 2-3 years?
if you get the answer let me kno ok ;)
What is an example of a country that is privatizing?
Pakistan. several commercial entities have already been privatised & few others are in the pipeline.
What is an example a country that is privatizing?
Pakistan. several commercial entities have already been privatised & few others are in the pipeline.
What is an example of a country that is privatize?
Pakistan. several commercial entities have already been privatised & few others are in the pipeline.
How have government attitudes to public sector altered since1979?
Since 1979, government attitudes toward the public sector have shifted significantly, particularly in the UK under the influence of neoliberal policies. There has been a marked trend towards privatization, deregulation, and a focus on efficiency, with an emphasis on reducing government spending and promoting market solutions. This has led to a perception of the public sector as needing reform and competition, rather than as a vital service provider. Consequently, public services have often been subjected to scrutiny regarding their effectiveness and value for money.
Problems of public enterprises in Pakistan?
Pakistan has been facing huge problems in public entrprises sector from the past half decade, and the one and only problem which is the root of other problems is Terrorism and Extremism.
Problems affecting the tourism sector?
which sector of tourism has been affecting
