Write a short note on committee on public undertakings.
Share
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Write a short note on committee on public undertakings.
Committee on Public Undertakings
The Committee on Public Undertakings (COPU) is a parliamentary committee in India tasked with overseeing the performance and functioning of public sector enterprises (PSEs) owned or controlled by the government. It plays a critical role in ensuring transparency, accountability, and efficiency in the operations of these enterprises.
Role and Functions:
The primary role of the Committee on Public Undertakings is to examine the reports and accounts of PSEs to ensure they adhere to prescribed norms, financial prudence, and statutory regulations. The committee reviews the performance of these undertakings and assesses whether they operate in the best interests of the public and the nation's economy.
Key Functions Include:
Performance Evaluation: Conducting detailed examinations and evaluations of the financial and operational performance of PSEs to assess their efficiency, profitability, and contribution to the economy.
Scrutiny of Reports: Reviewing audit reports, annual reports, and other financial documents submitted by PSEs to Parliament, ensuring compliance with legal and financial norms.
Recommendations and Policy Inputs: Providing recommendations to improve the functioning of PSEs, enhance governance practices, and suggest policy measures to promote their competitiveness and sustainability.
Monitoring Implementation: Monitoring the implementation of recommendations made in previous reports to ensure corrective actions are taken by PSEs and government authorities.
Public Accountability: Serving as a platform for public accountability by questioning PSE management on issues related to financial mismanagement, operational inefficiencies, and compliance with corporate governance standards.
The Committee on Public Undertakings plays a crucial role in upholding the principles of good governance, transparency, and accountability in the management of public sector enterprises. Its reports and recommendations contribute to informed decision-making by Parliament and government authorities, aiming to improve the overall performance and contribution of PSEs to national development goals.