Departmental undertaking features
WebCharacteristics of Department Undertakings. a. Railways. b. Post offices. c. Both A & B. d. None of the above. a. Cooperative societies. Departmental Undertakings can be defined as the most common and established forms of public enterprises of a country. Such an enterprise is financed as well as organized and managed by the ruling Government of that country itself. A prime departmental undertaking example is the Indian Railway. This … See more Departmental Undertakings are the most established and traditional form of an organization that is owned and regulated by authoritative bodies of the public sector. Such organizations and enterprises are financed and … See more With the help of the points discussed below, it is easier to identify the demerits of departmental undertakings – 1. Lack of Flexibility Lack of flexibility is a concerning issue in the case of workers of departmental … See more Various features of the list of departmental undertakings in India are – 1. Ease of Formation Compared to a private organization, it is quite easier to form an organization under a … See more There are several advantages of the enterprises under departmental undertakings. These are – 1. Such organizations allow the ruling Government body to take control of all the company operations efficiently. … See more
Departmental undertaking features
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WebSolution. Verified by Toppr. The features of a department undertaking are : 1. It is established as a department of concerned ministry under central and state government. 2. It has no separate legal entity. 3. It is financed by the annual budget allocation of the government and all its earning go to the government treasury. WebJan 29, 2024 · The departmental undertaking is directly responsible to the Parliament or the State legislature through its overall head i.e. the minister concerned. Secrecy Maintained: ... What are the features of the Departmental Organisation? (Any 5) Answer: 1. Formation: A departmental undertaking is established either as a separate full-fledged …
WebApr 6, 2024 · Features: The main characteristics of Departmental Undertaking are as follows-The funding of these undertakings comes directly from the government. They are … WebApr 6, 2024 · The features of Departmental Undertaking are as follows: Finance: These firms are funded directly by the Government Treasury through a yearly appropriation …
WebJun 10, 2024 · What are the features of a departmental undertaking? The main features of departmental undertakings are as follows:- It is established by the government, and its overall control rests with the minister. It is a part of the government and is managed like any other government department. It is financed through government funds. WebFeatures of Departmental Organization. Various features of departmental organization are as discussed in points below: – Ease of formation: It is a quite easier task of …
Web9. Flexibility. 10. Suitability. Suitable in industries which are basically monopolies. For e.g. defence, public utilities etc. Suitable for industrial and commercial undertakings. The above are some of the differences between departmental undertaking and statutory corporation. tiger woods second round masters 2022WebThe public sector can be classified into:-. Departmental Undertaking – Directly managed by concerned ministry or department. (e.g. Railways, Posts, etc.) Non-Departmental Undertaking – PSU (e.g. HPCL, IOCL, etc.) Financial Institution (e.g. SBI, UTI, LIC, etc.) The rationale behind the establishment of PSU’s was Industrialisation and the ... the meridian san marcosWebFeb 18, 2024 · 7. A departmental organization is not created by any act, whereas a statutory corporation is created by a special act of the parliament. 8. A departmental undertaking is established by a ministry. But a public corporation is established by the parliament or legislature. 9. A departmental undertaking does not have a separate … the meridian star classifiedWebJan 21, 2015 · Merits. Achievement of Objectives: Departmental undertaking is in the direct and complete government control over them which makes it easy to achieve its economic, political and social objectives. Direct control: The management of the enterprise can be regulated the way the ministry likes because it exercises a direct control on the ... tiger woods shot out of fairway bunkerWebJul 12, 2024 · The undertaking is under the control of a minister who is responsible to the parliament. Some example of departmental undertakings is Indian Railways, Post and … the meridian star classified adsWebFeatures of Departmental Undertaking. 1. Audit and Accounting. Normal budgeting, accounting and audit procedures are applicable to departmental undertakings just like … the meridian practice coventryWebMar 30, 2024 · It is easy to set up a departmental undertaking. The departmental undertaking is created by an administrative decision of the Government, involving no legal formalities for its formation. 2. Direct and Control of Parliament or State Legislature: The departmental undertaking is directly responsible to the Parliament or the State … the meridian myrtle beach