Financial Performance of PSEs Post-Disinvestment

2016 ◽  
Vol 3 (9) ◽  
pp. 31
Author(s):  
Rakhi Singh ◽  
Vijay Agrawal
Keyword(s):  
Public Sector ◽  
Financial Performance ◽  
Global Competition ◽  
Developing Economy ◽  
Level Playing Field ◽  
Playing Field ◽  
Private And Public ◽  
Political Intervention ◽  
The Government ◽  
Instrumental Role

India being a developing economy has adopted the concept of mixed economy wherein both private and public sector were allowed to industrialize the country except few restricted sector. PSEs controlled by the government played an instrumental role in servicing the country in infrastructure and public services. Since there were lots of political intervention because of which the PSEs derailed from the profit making objective and turned to drainage of wealth which were once referred to be temples of modern India. The PSEs were also suddenly exposed to Global competition which they were not used for operating under protected environment. The level playing field and competition affected the financial performances of PSEs. The paper elucidates the various financial ratios over a period of 10 years and analyzed the performance of the PSEs resurrecting focusing on other factors of their sustainability.

Container Train Operations: Introducing Competition (B)

2010 ◽  
pp. 1-18
Author(s):  
G Raghuram ◽  
Rachna Gangwar ◽  
Sebastian Morris ◽  
Ajay Pandey
Keyword(s):  
Public Sector ◽  
Policy Statement ◽  
Entry Barriers ◽  
Level Playing Field ◽  
Planning Commission ◽  
Policy Document ◽  
Playing Field ◽  
Private And Public

In October 2005, the representatives of the Planning Commission, Ministry of Railways, Ministry of Commerce and Industry, and Ministry of Shipping met to discuss the RITES recommendations to work towards framing a policy document for running container trains by private and public sector operators on the IR network. Starting with this meeting until January 2006, various aspects of the RITES report were debated by the Planning Commission and Ministry of Railways to evolve a policy statement. There were concerns raised by the Planning Commission on the proposals by RITES which had implications such as entry barriers and denial of a level playing field with the incumbent, CONCOR. Other specific issues including entry criteria, entry fees and revenue share, and maintenance were questioned. In January 2006, a policy statement titled ‘Policy to permit various operators to move container trains on Indian Railways’ was released by the Ministry of Railways which stated the terms and conditions for running container trains by private and public sector operators on IR network. Subsequent to this, 14 parties signed up with the IR for container train operations. The empowered subcommittee of the Committee on Infrastructure was to meet in February 2006 to discuss the process for finalizing a Model Concession Agreement between Indian Railways and the container train operators. This case provides a background for this meeting.

scholarly journals Combating Fraud and the Challenge of Political Willingness: Evidence from Nigerian Public Sector

2020 ◽  
Vol 7 (1) ◽  
pp. 56-64
Author(s):  
Shehu Umar Sa’id ◽  
Khairul Saidah Abas Azmi ◽  
Abdullahi Bala Alhaji ◽  
Ali Usman ◽  
Idrith Ahmed Yusif
Keyword(s):  
Public Sector ◽  
Party System ◽  
Qualitative Approach ◽  
The Body ◽  
Public Employees ◽  
Body Of Knowledge ◽  
Political Intervention ◽  
The Government ◽  
Lack Of Commitment ◽  
Practical Implications

The purpose of this paper is to explore the lack of political willingness in Nigeria as a challenge to combating fraud among public employees. This study is a qualitative approach. The sources of data collection involve government reports, newspapers and interviews. In all, 12 participants were employed for the study. The study found that a lack of political willingness in Nigeria shows a persistent challenge to combat fraud. Our findings suggest that (1) political intervention, (2) party system or political party and (3) lack of commitment from the government make fraudulent practices in Nigerian public sector (NPS) perennial. Thus, it has hindered the effort to combat fraud in NPS. This study has practical implications for regulators (like CBN), and anti-corruption bodies such as EFCC, ICPC, AMCON, and CCB. The study could perhaps redirect their efforts and eases the way of mitigating fraudulent practices in Nigeria's public sector. The study also has an academic contribution to the body of knowledge and inFraudsight to the literature. This paper is original and unique in its form and has the value on fraud prevention, detection of corruption, combating the contemporary fraud cases in the Nigerian public sector, and useful to those who might cherish its standing.

Indonesia’s e-commerce growth faces multiple obstacles

2019 ◽  
Keyword(s):  
East Asia ◽  
Personal Data ◽  
South East Asia ◽  
Multiple Constraints ◽  
Level Playing Field ◽  
Content Type ◽  
Playing Field ◽  
The Government ◽  
Multiple Obstacles ◽  
Future Growth

Subject E-commerce outlook. Significance Indonesia’s e-commerce sector is booming. The government is adopting business-friendly regulations, but the sector’s future growth still faces multiple constraints. Impacts Jokowi’s recent re-election as president promises continuity to investors and policy inertia in areas such as personal data legislation. The lack of personal data protections makes Indonesia a laggard in South-east Asia. Bricks-and-mortar businesses, facing unequal tax burdens, will pressure the government for a level playing field.

Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

2016 ◽  
Vol 12 (3) ◽  
pp. 205-214
Author(s):  
Sumeet Gupta ◽  
Sharad Srivastava
Keyword(s):  
Public Sector ◽  
Natural Gas ◽  
Financial Performance ◽  
Oil And Gas ◽  
Financial Analysis ◽  
Operating Performance ◽  
Fiscal Deficit ◽  
Efficiency Ratio ◽  
Oil And Natural Gas ◽  
The Government

Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.The prime focus of the study is to examine:Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period. In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  

Privatization and Public Regulation

Paradigm ◽  
1998 ◽  
Vol 1 (2) ◽  
pp. 109-120
Author(s):  
Simrit Kaur ◽  
S.P. Jain
Keyword(s):  
Public Sector ◽  
Present Article ◽  
Market Failure ◽  
Developed Countries ◽  
Policy Makers ◽  
The Public ◽  
Public Regulation ◽  
Private And Public ◽  
The Government ◽  
Developing And Developed Countries

In many developing and developed countries, privatization through transfer of ownership from public to the private hands is considered as a cure for most of the problems faced by the public sector enterprises (PSEs.) However, policy makers tend to forget that both the systems – private and public – are imperfect. If market failure necessitates the need for government intervention, then failures associated with the government require more market friendly policies. This implies that at any point of time both systems will coexist i.e. privatization will go hand in hand. The present article attempts to discuss the modalities of privatization options and public regulation adopted by India.

scholarly journals Student Career Management – Private and Public Sector Involvement

2015 ◽  
Vol 1 (1) ◽  
pp. 135-143
Author(s):  
Alina-Mihaela Fagateanu ◽  
Sergiu Ştefan Nicolaescu ◽  
Claudiu Vasile Kifor ◽  
Silvia Mărginean
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Positive Influence ◽  
Career Management ◽  
Positive Trend ◽  
Education Levels ◽  
Private And Public ◽  
Management Project ◽  
The Government ◽  
High Level

AbstractThe need of high level prepared students into the private sector is continuously increasing because of the raised innovation level requested by market. In this case study, experts were involved from the private sector in collaboration with the academic sector for a career management project initiated for students; the monitored KPIs had a positive trend.The purpose of the paper is to analyze and show the results of a project with big impact on the education of students from Romania and on the collaboration between the private and public sector. A model of career management is proposed, in which the knowledge is mobilized into a spiral of education levels with influence from the public sector, the private sector and the government. The positive influence of private sector it is highlighted and it is advised to introduce the management of career into student’s education.

Corporate Tax Cuts and Fiscal Slippage

2020 ◽  
Vol 68 (2) ◽  
pp. 281-289
Author(s):  
Rajat Deb
Keyword(s):  
Fiscal Deficit ◽  
Level Playing Field ◽  
Corporate Tax ◽  
Tax Rate ◽  
Playing Field ◽  
Finance Minister ◽  
Doing Business ◽  
Short Run ◽  
The Government ◽  
Stimulus Package

The Union Finance Minister on 20 September 2019 announced the highest corporate tax rate cuts in the last 28 years as a level-playing field for both the existing and green-field firms for turning around the sluggish economy. The stimulus package, notwithstanding, has likely to accelerate the demand in the short run, but to increase the fiscal deficit inasmuch, the government would increase its spending through borrowings, which could lead to fiscal slippage. Instead of excessive dependence on the fiscal measures, the government should initiate economic and judicial reforms for accelerating the growth and improving doing business in the country.

scholarly journals Financial Performance of Banks in India: Are Banks Sound Enough to be Banked Upon

2019 ◽  
Vol 8 (9S) ◽  
pp. 1004-1010
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Financial Performance ◽  
Stability Parameters ◽  
Public And Private ◽  
Public Sector Banks ◽  
Unstable Environment ◽  
Private And Public ◽  
Public And Private Sector ◽  
Asset Quality

The seemingly untamable Non-Performing Assets are leading the Indian banks towards a highly unstable environment. The financial soundness of the banks is mandatory for any economy considering it is one of the most significant and a pre-requisite of a stable economy. The present study examines the financial performance parameters of banks with a probable variation among public and private sector banks for a period between 2005 and 2018. The study is divided into three sections. The first section studies the financial performance of the Scheduled Commercial Banks (SCBs), Public & Private Sector Banks in three identified time bands of last thirteen years. The second section assesses the probable variation in asset quality among Private and Public Sector Banks through statistical inferences. The third section finally examines the probability of variations in asset quality in the three time bands identified in the study. The study concludes a very high volatility among the SCBs during the said period and found Private Sector Banks to be more consistent and bore better stability parameters compared to Public Sector Banks. The statistically inferred results through T-test, Welch test and Post-Hoc test support a significant variation among both the sectors along with presence of significant variations in asset quality.

Exogenous risks loom over Indonesia’s foreign debt

2016 ◽  
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Public Debt ◽  
Foreign Debt ◽  
Commodity Prices ◽  
Household Debt ◽  
Fiscal Deficit ◽  
Content Type ◽  
Private And Public ◽  
The Government

Subject Outlook for Indonesia's foreign debt distress. Significance Indonesia’s total foreign debt reached 325.3 billion dollars by end-September, up 7.8% from the same period last year, according to Bank Indonesia data. This debt is spread almost equally between the private and public sector: 163.1 billion dollars and 162.2 billion dollars respectively. However, while private sector debt is falling, public debt is rising. Impacts Private miners are unlikely to invest heavily in smelters unless they are certain of an uptick in commodity prices. Raising the legal fiscal deficit limit beyond 3% of GDP will be politically difficult for the government. Household debt is unlikely to rise substantially in 2017.

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