What is the primary function of the Committee on Public Undertakings i...
The primary function of the Committee on Public Undertakings is to examine the reports and accounts of public undertakings, as mentioned in the text. This committee is responsible for reviewing the functioning and performance of these public undertakings and ensuring they operate in accordance with sound business principles and prudent commercial practices.
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What is the primary function of the Committee on Public Undertakings i...
Overview of the Committee on Public Undertakings
The Committee on Public Undertakings plays a significant role in the parliamentary framework by ensuring accountability and transparency in public enterprises.
Primary Function
The correct answer to the question is option 'C': to examine the reports and accounts of public undertakings. This function is pivotal for several reasons:
Key Responsibilities
- Oversight of Financial Management: The committee reviews the financial statements and audit reports of public sector enterprises, ensuring that funds are utilized effectively and for intended purposes.
- Performance Evaluation: By examining reports, the committee assesses the operational performance of public undertakings, identifying areas of improvement and efficiency.
- Recommendations for Improvement: The insights gained from these examinations allow the committee to provide constructive recommendations to enhance the performance and management of public enterprises.
- Accountability: The committee holds public enterprises accountable to the Parliament and the public, fostering transparency in government operations.
Significance in Governance
The work of the Committee on Public Undertakings is crucial for enhancing the performance of public sector units, guiding policy decisions, and ultimately contributing to better governance. By scrutinizing financial and operational aspects, the committee ensures that public resources are managed responsibly.
In conclusion, the Committee on Public Undertakings serves as a vital mechanism for oversight, facilitating a responsive and accountable public sector through its primary function of examining reports and accounts of public undertakings.