Abstract
The objective of this chapter is to provide a brief summary of main findings of the study. The study covers 209 non-financial central public sector enterprises (PSEs) in India for the time span of two decades (i.e., 1991–1992 to 2010–2011); this period has been divided into different sub-phases for different purposes. The findings of the study have been summarized; they are related to the assessment of financial performance of the central PSEs, disinvested PSEs, MoU PSEs, and impact of recession. Based on the major findings, some concrete suggestions/recommendations have been made for the government/management of PSEs for their better functioning. The chapter also contains major implications and recommendations of the study.
Three major recommendations are as follows: (1) The government should henceforth aim at strategic disinvestment as small and modest sizes of disinvestment are not likely to be fruitful; (2) MoU should be mandatory for all the PSEs (instead of the current practice of its being voluntary in nature); and (3) the government’s intervention in the operational functioning and managerial decision making should be a matter of last resort.
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Jain, P.K., Gupta, S., Yadav, S.S. (2014). Financial Performance of PSEs in India (with focus on Disinvestment and MoU): Concluding Observations. In: Public Sector Enterprises in India. Springer, New Delhi. https://doi.org/10.1007/978-81-322-1762-6_8
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DOI: https://doi.org/10.1007/978-81-322-1762-6_8
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