this image is in the revision notes of bussiness (chapter =Private, Public and Global Enterprises)
please check the highlighted area
and if it is correct so plzzz explain me
plzzzzzzzzzzz
Aman,
Yes the merits and demerits highlighted in the image are correct.
Statutory Corporations are formed by passing a special Act of Parliament.
Merit- Free from government interference is true in the sense that these corporations do not get funds from the central budget, so there is less degree of interference by the government in their financial aspects.
Demerit- Government interference and high government interference, they both are correct in the sense that whenever there are large amount of funds involved or some core decisions to be taken, government will interfere in their decisions. Despite of this, the activities of these corporations are also subject to rules and regulations. So, government interference is present.
Yes the merits and demerits highlighted in the image are correct.
Statutory Corporations are formed by passing a special Act of Parliament.
Merit- Free from government interference is true in the sense that these corporations do not get funds from the central budget, so there is less degree of interference by the government in their financial aspects.
Demerit- Government interference and high government interference, they both are correct in the sense that whenever there are large amount of funds involved or some core decisions to be taken, government will interfere in their decisions. Despite of this, the activities of these corporations are also subject to rules and regulations. So, government interference is present.