Chapter 5 Forms of Business Organisation - II
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Information on OC & Management
In the context of commerce and business in India,
"types of government business" refers to various types of enterprises
and activities that the government is involved in. These businesses can be
categorized into different forms based on ownership, control, and the nature of
their activities. Here are the main types:
1. Public
Sector Enterprises (PSEs)
These are businesses owned and operated by the government.
They are established to provide essential services, create employment, and
contribute to economic development. PSEs can be further divided into:
a. Central Public Sector Enterprises (CPSEs)
Owned by the central government, examples include:
• Bharat
Heavy Electricals Limited (BHEL)
• Oil and
Natural Gas Corporation (ONGC)
• Indian
Oil Corporation (IOC)
b. State Public Sector Enterprises (SPSEs)
Owned by state governments, examples include:
• Maharashtra
State Electricity Distribution Co. Ltd (MSEDCL)
• Karnataka
State Road Transport Corporation (KSRTC)
2.
Government Departments and Ministries
These are administrative units that handle various economic
activities and sectors. For instance:
• Ministry
of Commerce and Industry: Formulates policies related to trade, commerce, and
industry.
• Ministry
of Railways: Manages Indian Railways, one of the largest employers and
transport networks in the world.
3.
Statutory Corporations
These are entities created by an Act of Parliament or state
legislature. They have a distinct legal identity and are usually more
autonomous than other government enterprises. Examples include:
• Life
Insurance Corporation of India (LIC)
• Food
Corporation of India (FCI)
4.
Public-Private Partnerships (PPPs)
These are collaborative ventures between the government and
private sector companies, aimed at funding, building, and operating projects
such as infrastructure, education, and healthcare. Examples include:
• Delhi
Metro Rail Corporation (DMRC)
• GMR
Hyderabad International Airport
5.
Government-Backed Financial Institutions
These institutions are established to support various
sectors by providing financial services and products. Examples include:
• Small
Industries Development Bank of India (SIDBI)
• National
Bank for Agriculture and Rural Development (NABARD)
6.
Government Schemes and Initiatives
Various schemes launched by the government to promote
business and commerce, often providing subsidies, grants, and other forms of
financial support. Examples include:
• Make in
India
• Digital
India
• Startup
India
7.
Regulatory Bodies
These are organizations that oversee and regulate different
sectors of the economy to ensure fair practices and protect consumer interests.
Examples include:
• Securities
and Exchange Board of India (SEBI)
• Reserve
Bank of India (RBI)
8.
Cooperative Societies
These are member-owned enterprises that operate for the
benefit of their members, often supported or initiated by the government,
especially in rural areas. Examples include:
• Amul
(Gujarat Cooperative Milk Marketing Federation)
These types of government business play a crucial role in India's economy by promoting balanced regional development, ensuring the availability of essential services, and fostering industrial and commercial growth.