Public sector in India

Contents •What is public sector?•Scope of public sector•Public sector undertakings (PSU)•Objectives•Present situation•Case study on :

Food corporation of indiaIntroductionObjectives

Quality policy Quality objectives

Corporate setup Organisation chart

What is public sector?

It includes all activities or institutions funded out of the government’s budget at center or states.The public sector, sometimes referred to as the state sector is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.

Scope of public sector

•Government departments and government companies both in central and state sectors•Irrigation and power projects•Railways ,post, telegraphs,other departmental undertakings•Banking ,insurance,financial services

Public sector undertakings

Deparmental undertakings•Railways

•Posts•telegraphs

Joint stock companies(registered under companies act)

•Hindustan machine tools•Steel authority of india

Statutory corporations•Air india

•Damodar valley corporations•Food corporation of india

Public sector undertakings

• Departmental undertaking: (railways,post,telegraphs)

• Joint stock companies undertakings under companies act(hindustan machine tools,steel authority of india ltd)

• Statutory corporations(air india,food corporation of india)

objectives

• Rapid economic development through infrastructure development.

• Creation of employment.• Balanced regional growth.• Encouragement of Small scale and

ancillary sector.• Export promotion and import

substitution.

Present situation

• Conflict between financial and social objectives.

• Political interference and bureaucratization.

• Low ROI.• Lack of sensitivity to consumer

problems.• Operational inefficiency.• Lack of professionalism

Case study:

The Food Corporation of India was setup under theFood Corporation Act 1964, in order to fulfill following

objectives of the Food Policy :• Effective price support operations for safeguarding   

the interests of the farmers. • Distribution of foodgrains throughout the country for

public distribution system ; and • Maintaining satisfactory level  of operational  and

buffer stocks of foodgrains to ensure National Food Security.

In its 45 years of service to the nation , FCI has played a significant role in India's success in transforming the crisis management oriented food security into a stable security system.

Food corporation of india

OBJECTIVES

• To provide farmers remunerative prices • To make food grains available at reasonable

prices,   particularly to vulnerable section of the society

• To maintain buffer stocks as measure of Food Security

• To intervene in market for price stabilization

Quality policy• FCI, as the country’s nodal organization for

implementing the National Food Policy, is committed to provide credible, customer focused services, for efficient and effective food security management in the country.  Our focus shall be:  

• Professional excellence in Management of food grain and other commodities

• Service quality and stake holder orientation • Transparency and accountability in transactions • Optimum utilization of resources • Continual improvement of systems, processes

and resources

QUALITY OBJECTIVES

•   Fulfillment of all the targets set as per Govt. of India Food Policy from time to time. 

• Monitoring of Quality in all major transactions, processes leading to improved customer satisfaction level

• Accountability for efficiency, responsiveness, performance and minimization of all losses & Wastes

•  Need based up gradation of infrastructure and work environment

• Need based enhancement of available knowledge & skills.

CORPORATE  SETUP• The General Superintendence, Directions and Management

of the affairs and business of the Corporation vests with the Board of Directors

• Board of Directors as per section 7(1) of the Food Corporation Act shall be :

• CHAIRMAN • MANAGING DIRECTOR • MD, CENTRAL WAREHOUSING CORPORATION (EX)• GOVT. REPRESENTATIVES : • THREE DIRECTORS TO REPRESENT RESPECTIVELY

THE MINISTRIES OF THE CENTRAL GOVT. DEALING WITH :(i) FOOD(ii) FINANCE

(iii) CO-OPERATION; and• SIX OTHER DIRECTORS(out of which four(4) are non-official

Directors)

ORGANIZATIONAL CHART

• Corporate Office• Zonal Offices [ 5 ]• Regional Offices [ 23 ]• District Offices [ 166 ]• Depots (incl. CAP) [ 1451]With 1646

offices, FCI is one of the largest networked organizations in India