"State govt. public enterprises - concept, performance and accountability"

The post-independence period has seen the rise of the public sector in crucial areas of the country's economy. Following largely on the heels of the public sector in the Centre, the State Governments had started channellising funds through public enterprises with differing legal sanctions for directing and managing diverse activities, considered vital for achieving 30the socio-economic objectives of a welfare state and building up a vibrant economy. Historically in some states public undertakings existed even earlier. The investment by State Governments in such enterprises, which have been established under the Companies Act, 1956 and other statutes from s time to time, has been, however, growing. There are now 843 companies and ho76 corporations in the States with an investment of Rs.44,738 crores. These 7 enterprises are audited by the Comptroller and Auditor General of India under eithe various statutory provisions. The results of such audit are featured Gain the respective State audit reports.