Short Note: Parliamentary or Government Control over Public Corporations.

Question

Accepted Answer

Introduction Public corporations (e.g. LIC, ONGC, BHEL, NTPC, Air India in its earlier form, Food Corporation of India) spend public money and discharge public functions . Although enjoying operational autonomy, they must remain accountable to Parliament, the Government and the public. Control is exercised at three levels — parliamentary, governmental and judicial. A. Parliamentary Control Legislative Control — Parliament creates / dissolves the corporation by statute and may amend the parent Ac