Where is your focus in your business studies? The teacher is here, now we will study What are departmental undertakings What are Statutory Corporations like that just look at Modiji, Meloni outside If she has come from here then how happy are you now Let's move on to our last type which You must have got scared after seeing the definition of name Honey don't worry i am no so hello namaste sat shri akaal how are you All of you I hope you are absolutely If you are happy and healthy then you are welcome Your next topper is this amazing platform and I am Praban Kaur and from today we are going to start our business studies class 11th chapter number third Whose name is Private Public and Global enterprises so far we have read the chapter I read that in chapter first and chapter second What is business? Business organization what are the types of souls like Proprietorship HUF company form is ok Partnership so now we will read that private Public and Global Enterprise Basically what happens okay so private so we We have already read it in the last chapter You will read that departmental undertakings What is Stary Statuary Corporation what happens okay then government company What are they then what is an MNC Then what is Triple P Joint Venture? What are all these organizations? we'll read about enterprises okay So what are you waiting for, let's start our from the introduction part so basically our The Indian economy is a mixed one Economy brother now you must be saying that What is the correct term for mixed economy? okay okay I'll tell you, I'll tell you our what is indian economy it is a mixed economy It is mixed now, like in my house What a system my father, that is ridge He is of strict nature, it is fine as he says I shouldn't wear this or eat this at night 8:00 pm Be home before 7:00 pm okay i don't want to go here and my mom She is of cool nature, she is of chill nature that son Do whatever you want to do but within your limits if it's ok then the one who is my father what is it, those who are of strict nature and those who are mine Mummy is of a lean nature and so is Papa Mother of strict nature and mother of lenient nature If they have done it then put them both together in the house The environment of a mixed system is created, i.e. Papa is of strict nature and what about mummy if it is of linear nature then what about both of them a balance is created and that Because we have a mixed system in our house if the culture is good then so is our India What is the culture of mixed economy in Like in our India private entry You will also get the price and the public You will also get enterprises, brother, now you are saying what is private and public I will tell you that too first so private and public ok indi Which enterprise is responsible for the Indian economy? Private and public together make a difference Bhaiya we are private enterprises i.e. those enterprises which Individuals own such as mango Humans own it, common people operate it operate and manage control as if it were just humans like us So, that is in the control of private individuals which are operated by private people yes, it is okay, it is what normal people do our private enterprises are doing well and What are public enterprises which Who operates, manages and controls the government does it in India the government of India does it What becomes of those public enterprises okay so private What are enterprises that are not known to the common people We will manage it, okay brother, like you, our like people and public enterprises which are run by the government, okay so When private and public come together, our If the economy creates it, then we will make that system They say mixed economy system What is our Indian economy? A mixed one The economy system is fine but this It is not that there is a mixed economy system This has been happening ever since our country gained independence no no no the story before this what was it Sorry son what was the story before this When our country became independent, our country We got independence in 1947, so what happened after that? Who played the major role? Only public enterprises used to play i.e. The major economy was because of whom? The Indian Government was run by the Government of India it used to run fine but because of this what would have happened if the Indian Government The role of was very small and this Because of which our country's economic growth was no it was very slow ok but in 1991 what happened when dr manmohan singh When he was the finance minister he said that It is time now for us to globalise should give globalization liberalization and Privatization should be done now The time has come for the people of our country to Not just limiting yourself to the Indian market They should also be given international exposure that is, what has happened since then that Big companies means what since 1991 What happened since 1991 is that the foreign companies It was an international company and it also started coming Our Indian friends have also started doing business There were companies, they also started going out, okay so What goods started getting imported and exported? If it starts happening then it means that which is at the doors of our country Those were the Foreigner Cups for foreign companies too It was open ok but what was before that Who was the only major role? Our public enterprises used to play she used to play only that so because of this our The growth of the Indian economy was very It was slow but when in 1991 When globalization happened then our country had a The economic boom has come, which means our country The growth that took place was economic growth It started happening very fast, okay so it happened brother Because the public enterprises which were there I used to hide from people because I was on the left side of work There wasn't much he could do, okay The condition of our country was getting worse Our economy was going very slow The growth which was public enterprises she was pricking people okay so what then means what can we say that the public What meme will work for enterprises here That I have become so quiet that I might stab someone If not, look at this meme, this one Sanidhya sir is saying that everything is fine with us Sanidhya sir what is our public enterprises are okay so what if This economic growth of our country It was very slow because of public enterprises then what happened in 1991 when globalization if this was done then the gates of our country The doors of our country were opened It is also good for international levels, so after time That is, since 1991 till today, our country's The economic growth is quite good ok so this is it in the intro part ok this is what is in the intro part I have understood that immediately after Independence Government Lotted a Dominant Role of Public Sector Enterprises i.e. The same that which played a major role after independence who was he, used to play public She used to do enterprises and do very little for economic development i.e. because of this What would have happened to the growth of our country it was very slow ok bhaiya that's why that is it 1991 The Government of India adopted a New Industrial Policy means a new An industrial policy was introduced which was named Globalisation Liberalisation and privatization okay then under the under the New Policy The Dominant Position of Public The sector was restricted and many rots and open for private and foreign companies i.e. What happened after that which was a public enterprise the role of was limited and the were private enterprises and were foreign There were companies that opened the doors for them as well Come, you can do business in our country ok so this is our intro part Now we in Now we will read what we did in the last chapter I had read what are the benefits of private enterprises There are types such as Soul Proper Ship partnership hf etc etc etc now we You will read that the public sector enterprises If there are any types then Bhaiya comes first It is a departmental undertaking, what is this It happens that this is a hand of the government The government has a long arm, that's fine Let me tell you a little bit about what we are going to do next I will read it well, I will read it in detail then again comes the public corporation okay Brother, this too is made by the government It happens and this is done by the government The company is actually a government There is a company, okay now read in detail Yes, they are our first type Its name is a public enterprise If the departmental undertaking is okay then know Let's see what is written in The Departmental undertaking is considered as one of the departments of government it has no separate a existence other than the government that is, that is, the departmental It is an undertaking of the government It is a part of the government, okay It has a long hand, it is an extended version and it is the oldest and most traditional The form of organisation is public of enterprise okay so what is this the most The oldest or the most traditional is fine If I understand this then it could be a forest If you ask me in Markan then you will know it What answer will you write, departmental undertaking okay so the departmental undertaking Isn't it a part of the government? and it has no separate There is no identity except through the government That means what are its examples like defense Railways Post and Telegraph i.e. if we As they say, the roads of our country they are very bad okay because our country that the government is bad then we directly If you are praising indirectly If you are doing the same for your country's government Even if we are abusing, we are doing it directly Indirectly to our country's government okay so the hand behind it Who is it, i.e. who operates it etc. if only the government does it then it It is a part of the government, okay and It does not have any separate identity of its own Like it is under the railway ministry what comes the railway department comes ok It is inside the transportation ministry what is it transportation is it okay Likewise within the Ministry of Communication What comes in the communication department When this entire ministry comes, They have their own separate departments okay and if we take that department If you curse him or praise him then understand Let us understand his ministry his ministry, we, his government, we, his Are you praising the government or cursing it? okay so now let's find out whose Now you know what the features are, brother What is departmental undertaking now Let's know what are its features i.e. what does it mean ok so give up they operate under the overall control of the Government, first of all brother, this is the whole thing of theirs Who takes charge? The government itself okay she takes care of all the work under whose supervision does he run It runs under the supervision of the government, just like that our railways belong to whom It will come under the Railway Ministry I will come okay under whose rule will our roads be The Transport Minister will come in If Nitin Gadkari is there then he will come under him Okay, so who takes care of all this work? Who looks after our country? Government means that which is particular The departments are divided A particular ministry remains specific All that work is a ministry she handles it ok then comes the next one are a part of government only there is no separate entity or any separate entity I don't recognise it now, why don't I recognise it now Why because brother this is from the government if we are a part of it then we can identify it separately why should I do it, okay I have understood it, then give it to me Are finances from the government, that is, is in This railways of all got posted It was telegraphed, who runs all this? Who finances and who provides the money yes, the government itself provides it, it's okay So because these are government departments If yes, then finance should also be provided Now only government work remains, brother If it is the government's responsibility then why should we spend money If we give it okay then they will also take responsibility for it Who looks after the funds and who is responsible for it? which sees its particular departments that the ministry is there and only they take care of it then comes the revenue of Departmental Undertakings are Deposited in the treasury of government now bhaiya this where do you get the money from okay so There is a government which is specific the ministry of the department they have their own separate treasures okay They have their own separate piggy banks, so everything Whatever money remains comes from that piggy bank it's ok and whatever money is made from it Whatever money is there goes back here The government's piggy bank is fine Suppose the government's piggy bank is fine then that Where does all the money get deposited? Go from piggy bank to this piggy bank and get deposited goes and if they need some money So where do they utilize it from? from the treasure it's ok from this piggy bank this treasure let's do it I understand it okay so the Next Point is operated by Civil Suit That means now of course this one who He has his own departmental undertakings Now the ministers won't do anything for them You will have to appoint officers, right? Who are the officers? They are civil Servants like IAS became IPS ok what are all these are civil servants as we say Boys with government jobs, yes, yes, ours Brother, you already know that in the country, as soon as A proposal for a boy with a government job is coming If you immediately say yes then who are they? They are civil servants only okay because that's departmental If you work in an undertaking, then you would bring There are civil servants now who are leaders etc. Whatever government there is, it does the work itself I won't do it, okay, it's not like that now Narendra Modi will handle all the work himself Ok Nitin Gadkari or Amit Shah himself All the work will be handled under him The work done in departmental undertakings also there are people who do it okay what is that are called civil servants now It's like your school principal So it is not so, he will teach all the subjects no what does he do in his office He sits in the cabinet but whom should he keep? Who does one hire? Who does one hire? Teachers does the same for his subjects Also those departmental undertakings they hire civil servants If I understand it then all the work will be stopped who actually handles the operation he handles it, he is there, he handles it The civil servants of our country i.e. government officers government servants okay government servants The boy understood the matter, okay then next comes they are under the direct control of The Concerned Minister, now brother, all that work Under whose supervision does the Jham operate Particularly under that consent minister Ambulatory Now if any work of railway is done then whose work will it be It will operate under the Railway Ministry operate under It will be okay, under whose supervision will all this work operate? It will operate under the Railway Ministry It will be ok if railway Whose work does the Ministry handle? Railways The department is fine, this is an example It is not the case that the food that Bhaiya eats He will be the minister and will do the work of railways You will not see it, no brother it doesn't happen that It is your responsibility to decide what you say The government has given you the department You have been made the minister of the department You just need to handle that okay You do not have to interfere in other places okay then the next point is they can be Sue in the same manner as one can file a suit against suit against the government What does it mean to file a legal action? if it is ok to do then sue means filing a legal case okay filing a legal case so What does it mean to start filing a Legal case means if we have to file some case so we'll file it exactly the same way The way we file a case against the government okay so this is the departmental There is an undertaking, a case should also be filed on this can and this case you can do it too i.e. A case can also be filed against them And he can also file a case himself against anyone and pe okay so these can be shoes as well and You can also do it yourself, I understand this You must have understood what can be shot It means okay so these are its features I have understood it, now we move ahead with it of the advantages of the advantages and okay so First comes the easy formation, this easy formation Why is it there brother because there is no There is no requirement for registration Like we read what happened in the company It seems like such a big process There is something like this about incorporation etc. There is no pomp because this is the government if there is a department of then what is it Registration is a part of the government then why do they need to register If needed, then its formation takes place That is, what has to be made is very It is easy, okay, then comes the next one Effective control, now brother, effective How can we control it now, who looks after all the work? the government sees it, okay so they have public it doesn't matter to them, right? There is control over all the operations that take place They remain effective because they There are departments, they have grown and The ministers of all the departments they look at his work okay so interference of any public or any There is no interference of the minister in this it would have been needed because whatever control they had it is very effective ok It is very easy, then comes optimum Utilization of funds means this money It happens to be optimally utilized Like it is utilized very well it is as if all the money is Where does it come from the government's treasury itself It comes from the government's treasury or piggy bank and whatever money is made goes back there If it gets deposited then just like that We don't care about the public at all Bhaiya we are not asking for money from the public We have to give them some accounting, okay? Similarly, where are all the funds? only government funds are utilized If the vault is utilized, then it's okay and so no one has to answer Those whose funds are saved, they also do it properly It gets utilized, okay, then comes the next one There is accountability now brother accountability That is, the civil servants who live there To whom are you accountable? Good for your pert ministry Like any officer who works in railways Of course who is responsible for that The food grains will remain with the Railway Ministry Which works under the Food Ministry? He will answer to the Railway Ministry So if I don't go then what will happen with this Accountability remains intact, meaning you You are working under you, just reply to him I have to give it, okay, then next comes the public Revenue means the public revenue in this How is it that they collect money from people? They don't need all their money and whatever money they make goes to Go back and deposit it in your safe If they give it then they get revenue from the public there is no need to pick up no need Nor does it remain a load on their head that we have to return this money to the public Like what used to happen in the company that the public Where did the companies get the funds from? From where did she raise money from the general public and in their heads this liability in their minds I used to think that now when brother we have spent the money We have to pay it back too, but there is no such work here okay So brother the public has no role at all All the money is their own so they should know the public I don't even have to answer to anyone, okay then whatever The last thing that comes is secrecy, which Governments which have their own departments Their talks remain confined to them Is there any need to tell this to the public? what will happen if you don't stay in public anymore If you tell anyone then the brothers will get angry It is possible that some decision may be taken which will get angry in public aggression Let's go out on the streets, okay let this happen it is possible, then their decisions are They remain confined to them only and have no connection with the public There is no interference, I understand it So what are the advantages of easy formation i.e. If there is no registration left then open it it is very easy to do then it happens effective control because all the All the officers who are there are particular works fine under the ministry if it is from any other department also There is no interference, then it happens Optimum Utilisation of Funds i.e. The money is their own So I don't have to answer to anyone else, then I'll come There is accountability which is the ministry you belong to The departmental under which you are working Working in undertaking you will get the answer It has to be given only to him and no one else. I have to give it, okay, then the public comes We do not take any money from the public If we are there then why should we answer them? why should we listen to them, okay it comes later The next secrecy is about the decisions that are made They belong to a particular ministry of a particular departmental undertaking and there's no need to tell anybody It happens okay so now we know about it Meritage is D Meritage i.e. what now Are there disadvantages or drawbacks? If it happens then first comes lack of motivation Why is there lack of motivation now? What was an advantage also becomes a disadvantage So what did we read in Advantage Secrecy means whatever decisions they make They keep to themselves, okay people there is no need to tell it to anyone what happens when it doesn't reach people So what happens is that their motivation also decreases if only it could be something good If decisions are taken and reached to people then people His morale, his confidence, Boost it, yes brother you are doing a great job you are doing it okay maybe people their Praise, don't praise, but because Whatever decisions are made are theirs only if it doesn't reach the people They are unable to get motivation from people That's why it is written here 'lack of motivation' Okay then comes the lack of finances Autonomy now brother lack of financial authority Why autonomy because all the money remains it is their own and this can't even rage against the public We had read in Advantage that same thing came here what happened, it became a disadvantage, okay What we read in the advantage therein I had read secrecy, so what did you do by coming here? If that became his disadvantage then Similarly if you talk about features first of all brother If you read the features carefully then you will Advantages and disadvantages in themselves You can make it and here are the advantages that we have You must have studied it, right? Disadvantages come from that. If you are there then you need to memorize it, brother no its fine by far just you understand the concept If you read it well, I will write to you I can give it to you in writing There is no need for you to memorize it, You just have to understand it and write it down on paper I have to understand it well with my heart and I So now I am studying with all my heart Is it your duty also to do this with all your heart and mind? read it okay okay okay so outside We've talked about it, now let's move on to our next disadvantage and whose name is What is inefficient management now? Inefficient management means that which is done by the government We have heard that this is government work It is very loose, ok, very slow We are slow in government hospitals What happens to the patient even if they go why is no one caring Because that is government work so the patient dies Those who die in hospitals have no one to care if you don't care then why because which is government work and government work is done Loose in the same way as departmental What are undertakings? There would have been an extended version of the government That is why the management that is there is also very It remains the same as before, it's ok to come back again This is red type jam and bureaucracy i.e. What does red typi jam mean that a Even small work would take months okay there's too much paperwork and There is a complexion, that is, the work we do It should be executed within a week right? it takes months and months okay so what is this red type jam and Bureaucracy and bureaucracy mean the same thing Man keeps showing his interference If the same person keeps on doing his own thing then the rest that people are like that, they are troubled get frustrated and for one thing It takes months to do a small job A lot of paper work keeps evolving so that Our red type is coming, okay I am talking about it I understand because brother it is government work and In government work, you already know that there is one It takes months to do the work, brother He is also here, okay, bring this thing here then comes inflexibility now Why inflexibility because this work Only government officers do that okay so what are these They are not flexible and their work is fun let's do it okay we are leaving Even if you go to any bank, it is a government bank Even if I go there then the public is so worried we wouldn't do it brother if we went to a private If we go to the sector, our work will be done quickly We give it because it is flexible it is ok, they are worried about themselves of the customers but they remain like this only These people are good at their work as well if it is there then that is why it becomes a dis here When we understood the issue of inflexibility Did you read it? Read its disadvantages also. Are there any departmental undertakings taken This would have been a part of the government does it have its own separate Assistencia understood the matter and we I have read the features as well as the merits. Also read the merits if you want to note them down So you can take note of it comfortably, okay? I had written an example of this, I warned you something If you are in a hurry then let this Amrish Puri burn, that hero the one who was not the CM of the movie then why was he like this Why is it that brother the government does not care If the public goes to hell then everything is the same here okay ok i understand what you want then you can note yes, kids, you have taken the notes and move on Go ahead to the next public enterprise type ok bhaiya yes so now next comes our public corporation i.e. this Another name for this is called Statue Statue Corporation it's ok brother It is getting very tough, it is getting tough for me too If you want to say it then it is done for you, right? Now you can call it a public corporation. Well, brother, we are a public corporation I will say, I have understood it, brother, now it is okay what happens they know so statue Corporation is a body corporate form by special Act of Parliament and by the Central and State legislature is followed when the force is passed in both houses and when the President What would have happened if you had given your approval? It becomes an act, that is, what becomes a bill An act is made ok so what is done in public What does it take to form a corporation Approval of both houses is required How to Form a Public Corporation It happens when both the houses give their approval and when this act is formed then If the act gets enacted then it becomes ours it's a public corporation okay so Statute Corporation is a Body Corporate Formed by an special act of Parliament means he can be in the parliament also it is ok if it is nearby and it is possible that State Legislator, i.e. Vidhansabha A. Legislative Assembly or Legislative Council that speaks Like whatever your state, particular state It is okay if there are governments, that too is possible pass it or it may be that which I Central government is fine, it is also close If it is okay then get it done in the parliament then Central It can happen in me and it can happen in the state also It can be done if the central and state governments approve it. a) Both houses which are Lok Sabha When the Rajya Sabha gives its approval The president also gives approval, okay so what becomes it becomes an act and From that act, birth takes place and then the public Corporation i.e. this SBI bank ok it is SBI bank ok ours LIC is there, it didn't happen just like that that bhaiya one Is the meeting of the government or the ministers okay? that yes brother there seems to be a need to make it So let's open an LIC company Open SBI bank, no, not like this A proper procedure is not done for this It is followed, whatever bill is there, it is fine is passed and if approval is received It is from the President and both the Houses If he gets the majority then he becomes the The act is right, and from that act one is reborn Any company or public corporation is entitled to If you have understood the matter then what is its example SBI and LIC and its There are examples, I can tell you Am ISI means the institute of CS which operates fine, CA's The institute which is ICAI is fine What even is a public corporation You must have heard the name of SBI No, SBI bank says this all the time They say lunch is happening, lunch is happening come after lunch come after lunch yes bhaiya That's it, that's it, okay, now let's move on Now let's move on to the features of the stretch What is a Statute Corporation? Now let's look at its I know the features, okay, so it is I told you that this is how you yourself are created God, in the parliament or in the street An act is passed in the legislature That is, a bill is passed when that bill Once approved, the bill gets approved OK, if we get majority then that act It is formed and from that act we are born If it is okay for a public corporation then how can it be formed is through an act Created or State Legislator is fine Then next comes ours that whatever powers Regulations, rules, limitations which remain what will happen in a public corporation It will not be already defined in this act it remains okay you and you have to do what It is already mentioned in this Act that I am not mentioned, they can't do it okay so what happens is what already happened You have powers, what are your rights? What are your goals i.e. objectives and your what are the limitations what do you have to do That should not be mentioned in the already act it is done, okay, then whatever comes next our point is that that total Control of central and state governments That means, which are public corporations Under whose authority does she operate? It is okay under the government, that is, if If the central government gets it passed then it Operate under the Central Government If the state government takes it under its control The state government which passes it in the assembly If it gets it done then it will be under the State Government it will operate under the government which is that the government would have kept a proper eye on it it is 2400 hours, okay so understand it like this it is a separate legal entity yes Bhaiya its entity is separate i.e. it has a different status in the law It is given in departmental undertaking what would happen if we were abusing If you are abusing the railways then read the direct abuse Who is this Railway Minister but This does not happen here, it has its own Identity is fine, departmental The undertaking had no separate identity He was part of the government, but What happens to a public corporation It is seen from a different legal perspective, okay then next comes it is managed by the Board of Directors who are nominated by The Government, yes brother now this is called Government The government does not run it, it does not operate it Who manages this, LIC The LIC which company is SBI which is ISI There is ICA, all these are the institutes Nor would it have had a board of directors yes the government nominates it, okay The government nominates them and then the final The directors who operate in it If they do it, then what would the government do? is the government What does it do to appointments? There are appointments, they control it further is that particular If it is okay for the company and the corporation then What does the government do? It nominates There is a Board of Directors and then the board of directors are those who operate individually Let's talk to that public corporation I understand it is ok then whatever comes next A public corporation has its own rules for Staff and employees i.e. the public Corporations have their own rules, okay? Those departmental ones of the government The rules of the undertakings are Those who are in their right mind are not followed exactly He comes in and makes those rules and regulations they have their own staff for their own For employees, you have to do this don't do that, it's okay, they have their own rules They do not happen by going to the government again and again She asks us how much salary we should pay our employees Okay, how much do we pay our employees? it's okay if they cut it, they don't go and ask, okay they have their own rules and regulations they follow him then the next Here it comes, enjoy administrative autonomy As it is relatively free from politics interference now what happens in this Government's interference: Yes, the government is definitely keeping an eye on it It remains but the government's interference is so If she is not there then whatever comes to their mind The strategies and policies which form them If they have to do it, they follow it themselves Why don't we go and ask the government now? If there is not so much government interference then What autonomy do they get that They can do whatever comes into their mind ok so what do they get Administrative autonomy means running it yourself we have got the right to it, whatever the government has done Just gave me the keys to the car, now drive it How is that which a public corporation you know it yourself just like your dad did I gave you the keys to my scooter, go ahead son go son, go scooter brother, okay then your Papa, what is the government and what are you It is okay to understand that this is a public corporation then next comes the main motive is Service to general public means its main What is the motive to serve the public Now, the loan amount of SBI bank is also The interest rate is lower than other banks Why does he stay because this is his sole purpose that we can serve the people if they Other banks are also fine like HDFC and the banks like axis bank iiii ok if like other private banks Will start charging higher rate of interest Then the condition of the people will get worse So their main objective remains this that we provide the best service to people can you provide it ok yes profit motive there's also a little bit of that butt secondary purpose which is their main There remains a motive which is the primary purpose That is doing good to people, I understand it I hope you read the features carefully you must have understood, you must have known now What can we easily make out of these features can there be advantages and disadvantages Come on what are you waiting for let's make it then yes So what comes first? Advantage Administrative autonomy I told you Now the government just makes it and then leaves it you can run it as per your wish ok So there is no interference from the government, yes There is definitely an eye but no interference if it remains then the public corporation which remains it has the ability to drive itself that whatever permission is required, it is okay, it is granted If it is there then in which advantage does it come There is administrative autonomy, that is, itself We have now received permission to operate We can run it the way we want, it's okay if you You cannot speak, I will understand it again There is a quick decision, now why a quick decision Because these are its employees, fine He keeps his staff efficient I am ok so how to operate it Whatever decisions he makes, they are made quickly. Now let's go to the departmental undertaking what used to happen there was a red type thing there i.e. a Even small tasks would take months There was a lot of work even for a small job Paperwork and complexity kept evolving but it doesn't work like that here okay but Here the red type is absent i.e. not present so the decisions that are taken are very get done quickly then comes the next professional management professional management Why is there such a good public now, Bhaiya? If a corporation is set up, everyone has to pay every We won't pick up and keep anyone now, right? ICAI is okay ICAI is an institute Who are its members? All the CAs it is ok ca ca it is ok What are they all, they are very professional Educated and qualified people are ok So in these institutes and corporations Those people are educated and qualified Professionals are people and their If the management remains the same then it is ok You can hire a highly qualified person and If we compare any 10th or 12th pass person If you do it then you will do it in their work and with that educated person There will be a huge difference between humans, okay? So that's why its staff who Management remains efficient because it it is good because all of them Professionals remain highly educated Qualified people live here, that's fine then Next comes the service motive i.e. people Doing good is no longer a way of not making profit You can also earn your profit A little bit, but that should be your last purpose which is your first objective which is your first objective The goal is that this should be the one that you people who wants to provide service ok like Like I gave you the examples that LIC which is sorry SBI which is the bank They charge lower rate of interest from people why does it do that so that the people who are there are more to fulfill your needs by taking a loan more than Could you complete it? Okay, now I understand. What have we read? We have read the advantages. and where does the full advantage come from Where did you pick it up from? It is okay. Now let's read the disadvantages Now next comes t autonomy n paper only That means what happens is that the whole Whatever their raw account is, it is completely It is written on paper only, now it is written like this It remains that sir this is free means freely You can run as you wish but The government keeps an eye on it and because If the government keeps an eye on this then this interference happens So the government does it, yes, this is the limit it's ok if you don't do it but the government It is definitely necessary to interfere, okay, I understand Because the government thinks so, brother We have formed it in the parliament We built it, so how can we let them go like this? We will also do our interference, right? What is autonomy which is only on paper? When I see the fuss it seems that yes brother everything It is smooth but there is some story inside it too And the government that is in power keeps running She keeps interfering on a regular basis okay lack of initiative now initiative why of lack of initiative because this is a service motive corporation What is their intention that we people provide service okay and this is their The intention is that we should take care of people look after the good okay protect the people So what happens is that some initiative The one who has the motive stays in the last It's okay if it survives, it's okay if it doesn't survive okay so what happens is that Any initiative Now brother, how can you think about the future? We will think about it when we make good profits But here the profit motive is absent it remains, means it remains equal to nothing, okay So what is any initiative There is no initiative to take any further action Think about the anchor perspective, then understand the point I again come to Unfair Practices i.e. What happens is that by looking at it it seems that yes brother all those who are members If they are professionals then everything is very fair Everything will evolve in practices It would be ethical but it doesn't happen, okay Every person has some evil in him So, all the members who are there He is the number one corrupt person, right? The first thing they see and the first purpose they get is this that yes brother we can commit corruption okay now What happens if profit motive is absent it remains ok so when it invests more of your money So what do they do if they can't save it? If we start moving towards corruption then okay What is this bribe like corruption? etc then all this taking of bribes etc To commit a scam and to commit corruption is like this Unfair practices also evolve Then comes the result structure, now the result why structure means what is it which The Act of the Public Corporation which There are limitations, there are powers, there are rules All the regulations are in that act itself Mentions remain in that act, that is the problem cannot even happen i.e. the limitations which The power is mentioned in that act only He has to do the same thing, after that he doesn't do anything okay so what is that ridge The structure is formed i.e. whatever is written is just You have to do what your heart desires, can't do it yes can operate how to do it, they can do it but the The rules are mentioned, just follow them Now whether they like it or not, but They have to follow the same thing, so what? Those who are members are employees if they close down then what happens that the structure that is there is enough The result structure becomes quite strict I understood it okay so what we did disadvantages and these are the advantages also where did you make it from, it was made with the help of feature, ok So I am making this request to you again and again I do that if you understand the concept well Only if you understand the features well So you can understand from this that this is very left handed The game that gives you advantages and disadvantages Just make your video properly like this I want to see it and understand the concept well I need to clear it properly ok then I have full faith in jokes You can pass exams in just a few moments you will come back ok so you can note this I also slept, hope you took note of it kids Let's move on to our next type. Whose name is Government Company i.e. Government The company knows that brother definition what is written in so a government Company means any company in which at least 51 Per of the paid up share capital is held by The Central and State Governments and Parties Central and state governments got scared after reading this Are you scared? I knew you would be scared, but Why do you worry, I am here, it's okay Children Government Companies Any Company Any Company which is a company share capital of 51 per cent or more in holds, remember 51 or more if yours is less than 51 okay if your from 51 If you are less than 51 ok then its not your government company It will be said that you are more than 51 should be okay it should be either 51 or It should be more than 51, if Government should have 51 or more seats on it If a company holds share capital then it is called Now the question arises that the government company will go Bhaiya which government then Central Government There can also be a government i.e. Modi Government It can also happen and then there can be a state government as well can i.e. state government where you live well if you assume Himachal You live in the state of Maharashtra okay you live in tamilnadu So the state government there is fine. If the government there also holds Even if it is 51 or more, the government The company will be called now it can be both i.e. Central Government and state government together Hold if both together reach 51 are holding as if central The government is holding on to 30 more states If the government is holding you at 21 then What will be 30 + 21 if it becomes 51 what will both of them be called together It will be called a government company, okay then you You must have understood today that the Government Company A company having a turnover of 51 or more The share capital held by the company is as follows: What are our examples Steel Authority of India it is a pure government company Okay, now let's get into more detail about it We read it means we read its features Okay, so now comes the first registration. Government Company E Gates Incorporated Under the Company Act 2013, which is the Government It is a proper company Status is granted under the Companies Act 2013 Okay, which act was in force earlier, 1956? The act of 2013 was in force now If yes, then there is a company under the 2013 Company Act of a company on profit to a Government company okay so what is the status Its registration is mandatory because Pure is called a company Pure is called a public The company is called, I understand it again If there is ownership then who runs it? it is the government which runs it okay so the central government or the state government it is either she runs both together or So any one government runs it That means holding 51 or more shares she does it ok now I understand the ownership Who owns it, brother? The government does it. comes the management so the government company i Managed by the BOD who are nominated by Government and other shareholders are okay So who will take care of a government company? The board of directors manages Who manages the Board of Directors now in Board of Directors who to Appointments are made either by the Govt. Appointments are fine or both together What do appointments and sher dars do to the board of directors Appointments How to run a company then Who operates it, the Board of Directors operate, I understand If I am fine then who manages the BOD Who manages and controls the BOD? appointments are fine i.e. the general public who She holds shares in that company, it is ok Then next comes separate legal entity now Bhaiya what did we study departmentally what was there in the undertaking which was departmental It was the undertaking of the government I used to take part but it is not like that here Here the company which is given a different status it is okay in the eyes of law so it is Separate legal existence and can end sell property in its own name i.e. this which A company is a property in its name can buy and sell everything she can do it, it is ok in the contract also She can come and can take legal action as well If it is pure then here a company plays the role It happens but we are a departmental undertaking what did i see there pure If the government had played a role then Pure operates a company okay then If you read the next feature then the next feature comes ministerial control the concern ministry makes appointment of Directors means whichever ministry Its work remains responsible handles just fine that was Steel Authority of India So who did the work that he had to do? steel whatever work that steel ministry I used to come, okay, then who would look after his work That was the ministry, i.e. the steel ministry I was just looking at it, okay so what has been said that whichever ministry it is, Particular or specific ministry remains Okay, that's the decision of his directors she makes an appointment okay and she shares more Appointment of Directors by Holders Together They do it and then they run the company together OK Next comes Financial Autonomy Financial autonomy means we give money to ourselves How to raise money? We have to use fund how to erase it ok they are all same It is now in the hands of a public company We had read in the departmental undertaking that the departmental undertakings were Do not take money from people i.e. general public could have been but what happens here is that A public company means a government company which A government company is basically a public company it is just a company, it is fine so whatever government The company races for money from the common people as well can do it ok so the government company Enjoy Borong Powers Borong Powers ie power to borrow power to borrow Yes brother she can do it with common people also can raise the money ok then next comes the efficient fact the recruitment end and remuneration of employees decided by the Government company it itself means its own How do employees select their staff? yes ok how to reject it and how much I have to pay salary, how to withdraw it, it is ok etc all this that happens and government company that is in one's own hands but in someone else's If she doesn't listen, then it's okay, then it's her own rules Regulations have their own terms and conditions only she follows that and then the next Comes the accountability of the government companies Are accountable to the ministry concern i.e. Whatever government or company it is, it The ministry under which she is working it is only for that that he is responsible and someone has to answer to someone else It is not necessary to give account to anyone here okay ok if you understand then this and this The point becomes a little bit common i.e. The ministry under which you operate you just have to answer there okay and someone needs to be held accountable I did not understand it, it's ok now Let's take the advantages of a government company k so easy formation easy formation kaise Bhaiya because this is a government company, okay It is a government company and its Registration is also mandatory so like a company is registered in the same manner as it is registration takes place and because this If it is a government company then it would be quite helpful It gets a lot of facility and ease It is ok at the time of registration, it comes again Independent Status Now Independent Status Why because brother it is looked at under a different law I get a status okay one all Is it a separate legal entity? There is a separate legal entity What have we done in departmental undertaking I had read that it is not a legal entity is a part of the government but He has a different status in the eyes of the law okay so this is given a separate Then you also get independent status Next comes efficient staff efficient staff means why now the brother government It is a company that hires educated people yes it is ok they give them good salary and when they get good money So they think that yes brother we are our own If they give their best then their staff also If it is efficient, that is also good, okay That too is qualitative staff, okay then next comes the color mansion which is It is a government company, sometimes it does something Cases also include those from private enterprises She shakes hands, okay, that means private It is also good to tie up with the enterprise You do this work, we do this work And together we can run any project okay i understand it, now it can be done That project is also for Langar Perspective yes, that means it can be permanent or even temporary It may also be possible that when that project If there is a pest, then that project should be terminated. it should be done i.e. whatever their colour mission should he be killed there or this It is also possible that it is of permanent form that is, if it continues for the rest of your life, okay, then whatever It is a government company and that Kolben That means she can tie up and join hands privately It is okay with enterprises so is the government Plus Private Enterprises Ok Kaleb What comes in government plus private Enterprises OK, now I understand, this is what happened We have also featured these advantages I have taken it out from there, okay, let's move on now. towards our de meritus i.e. what There are drawbacks of a government company So freedom only in name freedom only in name That is, from the name alone it seems that If it is a government company then running it is very difficult It would be easy but no, there are lots of Political interference is done by others It's ok when leaders and ministers come there is a lot of interference we do that it shouldn't happen like this it shouldn't happen like this If it should be so, what do big names say? small darshan ok same calculation is that It seems that if it is a government company then it will work It would run very smoothly but no, it is not like that The story inside would have been something else It is said that the grasses are greener on the The other side is fine, everything looks good from a distance It feels the same as the freedom that exists It is visible from outside but inside it is There are a lot of troubles going on too, okay then Next disadvantages come political interference is what I told you that other ministries which would have been other ministries They keep coming and interfering a lot It is okay, the public also interferes also tells us with time that Tell us what is going on and give the public something If she doesn't like it, she takes to the streets Okay, so this would have been a drawback Isn't it right to go on strike for a government company? It seems okay, the hunger strikes etc. will also end hey people what is all this it comes only in disadvantage ok Political interference means someone else ministry any other country ok when it comes It interferes, this is not how it should be done You should not do that, then he comes Next comes political interference The board is packed with government representative means what is the There is a board which is like a government company All those leaders are directors, right? ministers are the only ones, okay so he is the first Brother, we will wait for the opportunity when our Let's do corruption, okay, when will we get the chance Our Chowka can take away our money, okay So those boards which are the Board of Directors are those who basically do There are big leaders and ministers And these leaders who are ministers, they First let's see our selfishness from where we come Grab the benefits and the public is fine if what is so board pack with government Representative one who one who minister There is a director who stays there and representing the ministry There would have been another one who is the director He may be representing some other ministry If it was happening then everyone is doing their own selfish things Let's see first, okay, if you understand it then What did we read, read its disadvantages So what did we read here about the advantages We had read it and we had read its features So basically if you read the features then I have told you already and I have told you many times If you read the features carefully if so Merito happens to be fine so you can note it down here Yes, our children grow up Next Type Key And which is a multinational company i.e. global Enterprises to Multinational Company Basically A company is one which has more than one Sorry in more than one country in the company operates just like coca cola it happened or you can say it became real, okay yes it's Reebok, it's Nike, okay it's Nestle IBM is done, Microsoft is done There are thousands of such examples, okay, because Their products are quite are of good quality therefore people who I am very happy to use it It is not that the products of our country Our country's products are not good are also very good but the ones which are outside The products are based on a lot of research are made later so those who operations own workshops etc other Let's set it up in countries as well, okay now Like Modiji, someone please look at Meloni If she has come from outside then how happy are you? We use it with great pleasure ok so let's move on from the jokes By definition R multinational means a company which operates in many countries such a company has branches factories workshops in Different countries means the same thing that I told you Told that a multinational is such a company which It is okay to operate in more than one company Is this really a company which has branches There are factories, there are godowns etcetera, they are outlets Coca is now grown in other countries as well Where is the origin of cola It is from USA but it is not like that only It is only sold in America, okay USA What does United stand for? say the united states of america Okay, so it's not just America It is sold only in India and Pakistan Bangladesh is sold everywhere okay Why because it requires a lot of research etc. It is made later and this is an MNC okay The Nike one is also from USA, okay it is nike it is not nike it is ok for him I have to pronounce myself as the heroine first she used to say okay then any of my friends or No, some teacher told me that he it's not heroism it's Nike okay So I also challenge you if you wear Nike They used to say to me that it is Nike ok i am not an english teacher but ok i told you again reebok is reebok England's real is Paris's now I have to Look I am real real Paris loreal Professional's serious hair with that shampoo I have come after washing my face, okay I also need Coca Cola I like it very much it's my favorite beverage if yes then why because this is an MNC and The quality of these is quite good If it remains okay then we will give details about them I will read what are the examples of this coca cola nike rib loreal microsoft etc etc etc if that's okay then what about MNC There is a company which is more than a country Operates in countries ok in detail Brother, let's read what the features are That is, what are the qualities of Giant Size and Use Capital Resources The Assets and Sales Are quite large and operate on large skill Because they come from outside, okay If so, they would have had a lot of resources and there are a lot of big companies now Coca Cola is not a small company It is a giant company, which means they have There are lots of very huge resources okay and very huge capital lots of it They have a lot of money and investments It already happens, that's why I think about it that we should move to more countries Okay then comes centralized control Control means running someone centralized That is, from where does it operate? They control the branches of MLC Spread in Different Countries and R controlled and managed from home country to These are the branches of MNC It is spread in almost every country It's like L'Oreal has become Coca-Cola okay where is this from basically paris and USA but this is every country I will give you some information but how to get them It is okay to run their next strategy What will remain, from where does it all operate? If it operates from their home country then What would be the home country now? is home country i.e. where their origination is ok and what are the host countries where these It spreads wherever it goes and opens its work okay so if we take Coca Cola Talking about the home country of Coca Cola will be USA and host countries will be like that it became UK or India or Pakistan Bangladesh is done, etc. etc. etc where you can find coca cola Its host countries will be home countries i.e. Where is his house? You can guess from his name. it's okay, if you understand then their Where are the operations managed from? They are controlled properly by their home country i.e. will they be our next boobs What will be our policies, it all comes down to that Everything is operated properly from their home country Then next comes advanced technology Use of latest technology in MNC Supply World Class Products Now Which MNCs used to exist in the times of Adam that she does not follow the techniques on her own It keeps upgrading with time it's ok because they know that Only if you move with the times, you will be successful in the market Will you be able to stand or else you will get beaten up, okay? What do these MNCs do? There is new technology, it adopts it It keeps up with the times, ok next Now comes the expansion of market territory What do they do when they get success in one place? When we start meeting, we think that let's go I got success in one place, now in another place let's move on okay so due to it's wasp Marketing Skills MSc has access to The international market is what I told you about Told that because they have so many resources It remains and they keep getting so much success So it thinks that we are only in one country We should not remain limited, we can add more growth Spread across countries and what new things did you bring For people, something that impresses them is okay so what happens is that what remains is that Market territory, which They have an area and keep expanding it If it is okay with time then next feature ours are oligopolistic powers okay I used to read this first by Lizzo Poly but it is not olij poly it is oligo poly ok so due to the giant size the multinational Companies UPA Dominating Position in the market now because their size is so big remains and so are these successful companies If MNCs remain then what is this in the market Acquires dominating position okay she takes the name of coca cola etc it goes on and if someone, if someone, any desi If you bring out shikanji etc. then it won't last that long you will get it okay because of coca cola His name is famous because he has such a big size has so many resources that he has completely The market dominance is maintained well If you understand then oligo poly means one It is okay to maintain a dominating position Dominating If you write the position like this Even if you are in a dominating position, your answer is correct If you find this word tough, then you You can write dominating position instead of it ok so next comes the product innovation these enterprises have highly Sophisticated Research and Development and development department so this MLC It remains just like this, Lallu Chappu It doesn't keep itself sitting idle for some time It keeps on upgrading with the help of this, let's see that What do people want if they test people if it is changing then what can we do so that If people get impressed by us then it is the time Improvise your product accordingly We keep bringing improvements in the product as well yes okay i understand it as it is not if you take coca cola etc if so, it is written behind it that for one with one free so what is their market There is a strategy that impresses people They know brother if we go to buy one So we will get another one, right? What is the point of selling your produce? How to align your product with your strategy It's okay to innovate then comes the next Marketing strategy than huge amount of marketing and use aggressive Marketing strategy or what is it You spend a lot of money on your marketing Do you invest the money that I just gave you? Example said that buy one with one free Is this their marketing strategy? okay now people know bhaiya take one We are going, we will get another one too well what happens sometimes is that the coca Cola etc. is available with Pizza Hut she types it okay so what is this Their marketing strategy is to know that Brother, if someone eats pizza then he will feel thirsty Then he will feel like drinking something too If you do it then why not brother move the pizza away let's tie it up as well okay so this What is their marketing strategy? How can we sell our products as much as possible Reach out to more people to understand Then comes Foreign Kolben Global Enterprises Usually Enter Into Agreements with Indian companies: What now? It happens that these are outside companies No prior tie up with Indian companies you do it okay because they know It happens that we get these outside companies They care so much about India there will be some information no yes but It won’t be as much as an Indian would okay so what does this do already tie up and then slowly Let us get the information about India's what the people need then according to that If you understand this, then enter the market Foreign Kolben means when one country becomes another Tie up with country's products If it takes it then it is our foreign colour If I understand it then this is very basic its features are done, its okay you can use these features you can easily make it from your mind also, it's ok It is a simple game if you knew it if you wonder what an MNC is then its Making features is no big deal, I haven’t thought I explained it to you, you understood it just now I will tell you come on tell me this MNC what are the features of KK okay so you can do this You will tell me I know because I explained it to you I did it so well and you you understood it so well okay so this Very basic points and very general it is related to life, okay as soon as we see it I go to drink coca cola everyday okay shampoo People go to buy L'Oreal shampoos for their nose I wear shoes, it's okay, I wear my aunt's shoes etc etc etc are all around us MNC has already created a siege that And the name of which is joint venture, brother What is a joint venture so one two and more Firms join together to establish a new Enterprise means when two or more When firms start working together that's called a joint venture okay so what are you saying two or more When firms come together to form a new enterprise When she launches a new project, she It's called your joint avenger okay like what is spotify.com [music] The needs of the people are not fulfilled by laddu Would you be able to have a partnership with me? can you work with sherbet say yes friend i So I was thinking, okay, great idea What did we do then? We entered into a partnership. That is, if we formed a joint venture, then my It was for laddu Business is fine and Sir's company was very good Whose business was the sherbet business? So the two of us opened a new joint together venture is fine and what am I in it What did I do, I provided laddoos ok ok and what do you provide Sanidh sir We used to share it, it's okay when both of us are together It started working ok some new provide People started providing something new People started calling it a joint venture OK, so what is a joint venture? When two or more firms come together They come together and work well together If you do something new then it is called yours If you understand the Joint Venture, then let's read it Let's take its features increase resource and Capacity now brother why companies got larger Resources Financial As Well As Human resources now what happens is that when two Companies are fine when two organizations meet it happens okay if she gets it then she is his it brings resources okay it might be One company must have good money could go to some other company Better staff is better If there are labours or physical resources then when they If both work together then best output is achieved It turns out that now it was my job to make laddus and Whose job was that of sayudh sir, now When both of us start working together, okay The needs of the people started getting fulfilled and Our sales started increasing, okay so what? Every person has his own advantage and there is loss okay so my my What was the benefit of laddu and the company of Sir There was some benefit in the sherbet, it's okay for both of us together What happens if you start working? Every person has his own plus point has good financial resources Does anyone have good physical resources? okay then comes access to New Markets and Distribution Networks when the business enters into Joint Venture It Can Access New Markets Now when brother, there are two people, two enterprises Organizations or two companies working together If they start doing it then it is limited to Kate once They do not remain alone, they start getting exposed Good for newcomers in new markets He starts knowing about people's tastes okay so what happens in a situation that New markets start meeting new people If so, then they should have an advantage as well Looks like it's okay, so are their sales It starts increasing, okay then next access to technology comes now when two Enterprises are merging with two companies If so, bring your own technology Now the technology of any one company is If it is weak and the other one is good If it is strong then who will benefit and who will be weak Wali will get it okay strong wali's Will the weaker one get benefit because of this? happens when technology gets divided If technology is also shared then The output that comes from what is useful is it happens for the best, okay I understand Advanced techniques of production lead to Superior Quality of Products and Reduce cost of production now what else What happens is that the cost of production, i.e. when Two people work together to make something Whatever is the cost of it, whatever is the price of making it It happens and it also decreases, I understand I'm okay so access to Technology, then next comes innovation Joint Ventures Help Business to Come Up With New and innovative products now what happens when two people meet If there is an organization meeting, then it is okay. Now they come up with their own new ideas How much brain can a person use? how much brain will the company use but when Two companies or more companies are ok And when more firms are found, they will Everyone will bring their own new ideas Whatever their ideas are, those are their opinions. if you bring it then what will happen in such a case New Enterprise It will be fine whatever the results are He must be very strong, I understand Then comes the low cost of production they get This is a benefit due to the lower cost of production because of low cost of raw material now what happens is that when two When you get an enterprise then in which The cost of production also decreases Now as we have discussed the joint venture what is maruti's best example it's from Japan okay Brother, if this work continues then what about the award Who benefits from this? Japan those who got it, that is Cent to Joint Venture One of the Party Benefits from others' goodwill now what that happens when two parties meet okay If two companies join hands then this is also a possibility that an enterprise whose name is very If it works and the other one doesn't work that much then The value that comes when you two enterprises meet Let's say A is limited and the other one is B It is limited, okay so this is a limited No, it is very popular among people. Its name is very popular and B Limited has This doesn't work if both of them work together and those who go, because of whom? will go because of A A Limited Why brother, the name of A Limited is still popular okay a limited so in itself a If you understand the brand then it will benefit you Whoever is getting it, B Limited is also getting it okay so if one has good goodwill even if the other person doesn't have it then the other person must I have to get benefit, this is it What is it and what are its features I understood what I said, I hope I am clear to you all then again I will repeat it for you I repeat again, points increase Resource and Capacity means when two When enterprises work together, a One is good in physical resources Good at financial resources okay in the new market that is Enterprises are just one They are not limited to the market I start getting exposure, okay, then it comes back access to technology okay technology Even new technology gets divided okay the enterprises that come here are Comes up with new technological ideas okay then comes innovation that is when two If enterprises work together They come with their own ideas because of the strong ideas that The product output you get is very remains solid ok then low cost off If the production of even one firm is less If the cost of production remains then its benefit Someone else will get it, then this is what happens Established Brand Name Brand Name Bhaiya Why if even one name is good then The other person has to get the benefit if both name of b if the goodwill of both is very good If it is there then it is great brother, I understand the matter So let me move on to our last type. Which is called Public Private Partnership That means Triple P, what can we call it? yes p p p triple p okay I understood I can now tell by its name itself What is public and private know Public private means public is also included in this It is coming and private also is coming, it is ok Let's move towards the definition of public and private Partnership Describes a Government Service and Private Business Venture which is Funded and operated through a partnership of Government and one more private sector Companies got scared after seeing such a tough definition There may be some, but don't worry, I am here. Public private partnership is one such There is a partnership in which the public and Both public and private sector Both work together, okay public and private The sector is fine, both work together So that is called public and private. Partnership can now happen like this Partnership is done so that to the project If ampling happens then your triple P it stops okay so then it Depends on your suitability okay but triple b what happens when When public and private enterprises come together It works well when you pool your funds If she brings it and works together then she Yours is called public and private Partnership is fine, this sophisticated There is no need to be afraid of definitions This simply means that when the public and The private sector brings its first and if it works together then it is called Your triple p bus now knows about it bhaiya Features The Row of Public Sector in Triple P The role of public sector is to insure Service obligations are fulfilled now bhaiya What is the role of the public sector? The public sector insures that People have obligations towards society which It is their duty, they should keep fulfilling it and the role of the private sector is the same What remains is that the private They are sectors in their operations They are very good at their management okay so their evolution private one This is why it is done in Triple B because he is good with his good ideas come with the management team okay so Who benefits from this public sector also gets the basic facilities of the public sector Our role is to make sure that We should ensure that the welfare of the people ho I understand the point, then the cost of Using service in some types the cost of Using service is become by users of service what does it mean that in some types which There is a price, okay, who pays it use the service and in some types what happens that which is partial or holy I understand that the government only pays It is very simple, then the next point is Our maintaining of high priority and Public Welfare Triple P Suitable for High Priority Project Such Edge Infrastructure sector is now getting this triple p It is the Triple P project that It is suitable for sectors which infrastructure is fine now Infrastructure Infrastructure Sector It means that the work of metro is done properly what happened to the railways, what happened to the airlines, now whatever is ours Adani has bought these airports ok whatever work is done for metro is ok So what is this, this project of theirs? Government alone cannot get this done this happens because of triple p now which Metro work is also going on Delhi Metro the work of OK You must have heard about Delhi Metro ok habibganj railway station i.e rani You must have also heard about Kamlapati Railway Station Correct hai rani kamalapati railway station in Bhopal is fine, so whose example is this? There is an example of triple P, okay, so in this Triple P What is the role of private sector in this? His role is to ensure that he performs good operations Good with your management expertise team comes and what is the role of the public sector they make sure that people's It's good, okay now whatever happens in the metro The rates of the tickets are very high It is cheaper for Rs. 0 from Rajiv Chowk You can go to Chandni Chowk etc. etc. ok then why are the rates so cheap Why do they exist so that people can benefit Okay, so what was the role of the public in this? It was a role and that is what made Metro so good Whose function is she doing etc. I would have been doing it because I had a hand in it It's ok for the private sector, I understand that So next comes the problem with triple P The Main Problem with the Triple P Project is that private obtain the rate of return That was higher than the government bund rate now what happens is that the one who is in triple B The problem is that the private sectors They look more at their own interests ok then they charge higher rate Which means the rates are much higher than the government we charge, government work is done that brother we have to get the work done okay If you want to do good for people then what do you do? what are the private sectors Those projects charge more money Now to complete it, please go to private People from the sector know that the Government I won't be able to do it alone, okay? What work do they do for the metro? The helpless public sector is also helpless Even if the government is compelled, what would it do? That the rate of interest charged is very high Let us understand what is coming from the public sector So what are some examples of that, like Adani acquired the airports If so, whose example is that, public? The airports which are now a private partnership Those types come under public enterprise They come but Adani is one He is a businessman and has his own private sector okay so whose example will this be Triple P is fine with Delhi Metro The work of Delhi Metro is also there Whose example is Triple P? The example is Habibganj Railway Station That is Rani Kamlapati Railway Station too Whose example is Triple P? This is an example, I understood the point I so hope I am clear to you all this The chapter ends but you have to keep reading The power should not end, it's okay Share the video with your friends Do it if you actually need it ok so i hope i am clear to you til the time take care stay bless thank you Bye Bye