What is the function of BPE?
The Bureau of Public Enterprises (BPE) is the Federal Government agency tasked with implementing the government’s privatisation programme, as the Secretariat to the National Council on Privatisation (NCP).
Who is the head of BPE?
ALEX OKOH Mr. Alexander Ayoola Okoh
Mr. Alexander Ayoola Okoh was appointed the Director General of the Bureau of Public Enterprises (BPE) on Thursday, April 13, 2017.
When was BPE established?
Established under the provisions of the Public Enterprises (Privatisation and Commercialisation) Act of 1999, through its secretariat, the Bureau of Public Enterprises (BPE), was charged with driving the Federal Government’s programme of privatising public enterprises, carrying out sector reforms and liberalization of …
Which department comes under Cpse?
The Department of Public Enterprises is the nodal department for all the Central Public Sector Enterprises (CPSEs) and formulates policy pertaining to CPSEs. It lays down, in particular, policy guidelines on performance improvement and evaluation, autonomy and financial delegation and personnel management in CPSEs.
What are the types of public enterprises?
Public enterprises are classified into three; namely public/statutory corporations, state-owned companies, and mixed economy enterprises.
What are the examples of public enterprises?
Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly. Utilities (gas, electricity, etc.), broadcasting, telecommunications, and certain forms of transport are examples of this kind of public enterprise.
What are the advantages of public enterprises?
Advantages of a Public Corporation
- Economies of scale.
- Easier planning and coordination.
- Autonomous set-up.
- Protection of public interest.
- Quicker decisions.
- Raising funds through private sourcing.
How is public enterprises created?
A public enterprise comes into existence as a result of an act passed by the legislative or a decree under military rule. Public enterprise also defines its aims and objectives, powers and duties, immunities, the form of management and relationship with established departments and ministries.
What is privatization and commercialization?
Commercialisation is the process of transforming a transaction into a commercial activity in which goods or services acquire a monetary value. Privatisation means a private company taking over some or all operational responsibilities, compensated either through user fees or a fee-for-service paid by the government.
How many PSE are there in India?
The Department of Public Enterprises (DPE), Ministry of Finance is the nodal department for all the Central Public Sector Enterprises (CPSEs). As of October 2021, there are 11 Maharatnas, 13 Navratnas and 73 Miniratnas (divided into Category 1 and Category 2).