Guidelines for Payment of Dividend by the Haryana State Public Enterprises

Abstract

The government companies were at the core of national economy. Their main aim was to ensure the socio-economic development of the nation. The globalization and the new economic reform policy brought about a range of new business opportunities and opened vast areas for various private organization to operate in these fields. As a result these public sector undertaking were considered by enlarge unviable due to poor return, low productivity, under-utilized capacity excessive controls and lower efficiency As such it became inevitable to ensure that the public sector undertakings provide a proper return on the government investment so as to minimize the gap between the return & cost of funds invested in these institutions. These guidelines aim at regulating the performance of the public sector undertakings.