In 1947, when India gained independence, there were few public enterprises in India. These were departmental undertakings and were pertaining to the Railways, Post and Telegraphs, and Defense Production. Over the years, the government and economists worked hard to lay the foundation for the development of public enterprises in India. The British were not keen on developing public enterprises in India. Since independence, public enterprises have been of strategic importance to the Indian economy.

Despite public enterprises being important for the Indian economy, the rate of return on capital investment is very low. Hence, the Government of
India took several steps to improve the overall performance of public enterprises.

The present text has been planned and designed to cope with the needs of B.Com. & M.Com. students and to present the subject in simple language and lucid style. The subject-matter has been arranged and systematized strictly according to the course prescribed. The language and style of presentation are very simple and the subject matter has been divided into various headings and sub-headings so as to give a flow in studying the subject.

Economics of Public Enterprises Syllabus For B.Com. Semester VI of Lucknow University

Unit-I: Concept of public enterprises, Role in the national economy, Growth of public enterprise in India.

Unit-II: Organisational Patterns—Departmental Undertaking, Statutory Corporations, Companies, Holding Companies, Other Forms. Management—Public Enterprises Board, Functions Responsibilities, Duties of Board of Directors, Delegation of Authority.

Unit-III: Pricing in Public Enterprises, Efficiency and Performance Evaluation, Financing of Public Enterprises, Performance Budgeting, Financial Advisor, Disinvestment in PSUs.

Unit-IV: Accountability and Control—Public Accountability and Autonomy, Accountability to Parliament, Control, Audit, Annual Reports, Consumer Organisation.

Economics of Public Enterprises Book Contents

1. Public Enterprises: Introduction
2. Public Enterprises: Structure and Organisation
3. Public Sector Enterprises in India
4. Role and Features of Public Enterprises in the Indian Economy
5. Performance and Significance of Public Enterprises in India
6. Patterns of Public Enterprises
7. Financial Administration of Public Sector Enterprises in India
8. Management of Public Enterprises
9. Pricing in Public Enterprises
10. Efficiency and Performance Evaluation
11. Financing in Public Sector Undertakings
12. Performance Budgeting
13. Disinvestment in PSUs
14. Public Accountability, Control, and Autonomy
15. Accountability to Parliament
16. Ministerial Control Over Public Enterprises
17. Audit of Public Enterprise
18. Annual Report
19. Consumer Organisations and Public Relation

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