Chapter-1 PUBLIC SECTOR IN INDIA (Overview & Profile) -1- PUBLIC SECTOR IN INDIA 1.1 EVOLUTION These included the Railways‚ the Posts and Telegraphs‚ the Port Trusts‚ the Ordinance Factories‚ All India Radio‚ few enterprises like the Government Salt Factories‚ Quinine Factories‚ etc. which were departmentally managed. 1.1.1 Prior to Independence‚ there were few ‘Public Sector’ Enterprises in the country. 1.1.2 Independent India adopted planned economic development policies in a
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Introduction Traditionally‚ cash basis of accounting has been used in the public sector; however‚ in recent years extensive debates have emphasised whether a move to accruals basis of accounting would be more feasible. The proponents argue for such a change due to the benefits accruals basis has to offer. There are still heavyweight supporters for cash basis such as IFAC – a body that issued 21 IPSAS based on IMF‚ EU Commission‚ and IFRS / IAS (Jorge Faustino‚ 2008). Moreover‚ there are several organisations
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performance appraisal is perhaps the most important tool in management used at their disposal. Organizations are normally concerned about the development‚ position of the employees and also thinking of managing the performance of the subordinates. This is a highlight of the importance and purpose of performance appraisals‚ proper steps taken before the appraisal is put into motion‚ elements of a good appraisal system and the criteria for each element that should be presented in a performance appraisal system
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on Public Sector Reform PHILOSOPHY FOR PUBLIC SECTOR REFORM Government’s policy for public sector reform is driven by a philosophy that makes the interest of the people of paramount concern. The human resource is the most valuable of all national resources. People‚ whether there are the employers‚ employees or customers of the public sector‚ transcend structures‚ systems‚ procedures and technology. They are the key elements to the overall success of government’s initiative in public sector reform
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Appraisal System Christy Earls Everest University Appraisal System Many would say the appraisal system is flawed and not very productive. Those people would not be in Human Resources. To the HRM appraisals are a vital part of business and can help make your business a better place not only for the employees but for the customers. Some appraisals are done to help justify human resource management‚ like termination‚ transfer‚ and so on (Pettijohn‚ Pettijohn‚ Taylor & Keillor‚ 2001). Most appraisals
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Bank Accounting Bank accounting consists in making written‚ permanent records of every transaction. Every penny must be accounted for. The statement of the bank‚ which we have just discussed‚ shows the general‚ or control‚ accounts of the bank‚ and the various books of the bank show the detail of these items. It would not be impossible‚ but it would be entirely impractical‚ to enter every figure directly on the statement of condition. We might imagine an enormous sheet on which the capital is entered
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Bank Accounting is an application within the financial accounting module of SAP. It helps users in managing incoming and outgoing payments for cash balance controlling. It also further provides users with ease in managing accounting transactions with their respective banks. Master Data Master data is stored centrally in the bank directory. Bank Directories: these contain the bank master data for all the banks that the user approaches for business transactions. This means‚ data of the user’s own
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CHAPTER 8 M a n a g i n g R e s o u rc e s to Support Excellence C H A P T E R O U T L I N E Budgeting Issues in Human Services Revenue Sources The Budget Cycle Resource Allocation Managing Resources to Support Excellence C H A P T E R O B J E C T I V E S Upon completion of this chapter‚ the reader will be able to: Explain the purpose and meaning of a budget for a human services organization. Identify and discuss the concepts and issues associated with five revenue sources. Explain
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BANKING: COMPARATIVE ANALYSIS OF PUBLIC AND PRIVATE SECTOR BANKS INTRODUCTION: The economic reforms in India started in early nineties‚ but their outcome is visible now. Major changes took place in the functioning of Banks in India only after liberalization‚ globalisation and privatisation. It has become very mandatory to study and to make a comparative analysis of services of Public sector Banks and Private Sector banks. Increased competition‚ new information technologies and thereby declining
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PEST analysis - Public Bank Procedure (a) The organisation’s annual report is evaluated (b) Market research and Internet survey has been done to gather more information about the latest news. (c) Interviews were held with suppliers‚ dealers‚ stuffs‚ customers and the publics. Findings About Public Bank Public Bank commenced business on 6 August 1966 and was listed on the Kuala Lumpur Stock Exchange (KLSE) on 6 April 1967. Public Bank remains a leading integrated financial conglomerate in Malaysia
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