Profit Planning And Control In Public Enterprises In India

A number of Undertakings were initiated under Public Sector in India by the people at the helm of affairs with great expectations and enthusiastic approach. But the continuous poor performance, shown specially in resource generation by the Public Sector, involving a huge investment, not only dispirited the nation but also compelled the planners to re-think over the policies adopted earlier regarding this.
Though several factors have been responsible for the failure of this sector, the crucial factor identified is the lack of a strict financial management and control.
Only a scant look has so far been cast on the profit planning and control (budgeting) — a key to the success of an enterprise. Hence, a need was felt to probe the matter culminating in a sincere and serious attempt.
The author hopes that this book will not only be fruitful in framing policies to improve the functioning of an enterprise but will also serve as a reference for the students of financial management.