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Since the public sector undertakings are Government owned, they are to initiate unlucrative public welfare policies, imposed on them by the Government.In India, specially the Health Insurance Schemes by four wings of General Insurance Cos. are not profitable,rather they drain on their exchequer. For example, out of Rs.125/- paid to meet up claims, only Rs.100/- are collected as premiums. This shortfall of Rs.25/- is compensated from premiums from say Fire & Burglary where claims are rare. By this way, social responsibility rather than profitability is the main criteria for the public sector undertakings.
What else can I help you with?
The dilemma of liquidity vs profitability arises in case of?
only public sector units
Differences between private sector staffing and the public sector staffing?
Private sector staffing focuses on meeting the needs of businesses and maximizing profitability, often emphasizing skills, experience, and cultural fit to drive performance. In contrast, public sector staffing prioritizes transparency, equity, and adherence to regulations, with a strong emphasis on serving the public interest and ensuring fair access to employment opportunities. Additionally, public sector recruitment processes tend to be more bureaucratic and structured, whereas private sector hiring can be more flexible and adaptive to market demands.
Is the police a public sector?
public sector
What is public sector budgeting?
A sector in which the public can budget
Why is it necessary for the public sector to exist?
the public sector necessity
How public sector is managed?
The public sector is managed through a combination of governmental policies, regulations, and administrative frameworks designed to deliver services and manage resources efficiently. This includes strategic planning, budgeting, and performance evaluation to ensure accountability and transparency. Public sector management often involves collaboration among various agencies and stakeholders to address community needs effectively. Additionally, public sector managers may employ best practices from the private sector, adapting them to the unique challenges of public service.
What has the author Kiran Chopra written?
Kiran Chopra has written: 'Managing profits, profitability & productivity in public sector banking' -- subject(s): Banks and banking, Government ownership, Profit
Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
What are private sector and public sector?
Private sector are things that are owned by people. Public sector are things that are owned by the government.
What is the difference between public sector and private sector and why do government support public sector?
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
What is the difference between private sector bonds and public sector bonds?
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
Function of public sector banks?
function of public sector in india
