Name the Public enterprise which is a valuable instrument for economic development also give its two other merits and demerits
Departmental undertakings is a form of public enterprise which is more valuable instrument because towards people it has high accountability.It merits are:
From the Indian government treasury funds are released to it.
They are under the direct control of the concerned ministry.
They are much easier to form.
Demerits:
Too much of interference from the ministry.
Prone to red tapism.
From the Indian government treasury funds are released to it.
They are under the direct control of the concerned ministry.
They are much easier to form.
Demerits:
Too much of interference from the ministry.
Prone to red tapism.