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Committee on Public Undertakings have selected subjects for examination during the year 2012-13

Ministry of Parliamentary Affairs 08-June, 2012 Press Note             The Committee on Public Undertakings have

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Ministry of Parliamentary Affairs
08-June, 2012

Press Note

            The Committee on Public Undertakings have selected the following subjects for examination during the year 2012-13:
(A)        Subjects for Comprehensive Examination
(i)           Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited
(ii)          Rail Vikas Nigam Limited
(iii)         Hindustan Petroleum Corporation Limited
(iv)         Rashtriya Chemicals and Fertilizers Limited
(v)          Bharat Electronics Limited
(vi)         National Hydro-electric Power Corporation Limited
(vii)         Hindustan Aeronautics Limited
(viii)        Food Corporation of India
(ix)         India Infrastructure Finance Company Limited
(x)          Pawan Hans Helicopters Limited
(xi)         Indian Oil Corporation Limited
(xii)        Fertilizer Corporation of India Limited
(xiii)       Coal India Limited
(xiv)       Agriculture Insurance Company of India Limited
(B)        Subjects based on Audit Paras contained in C&AG Reports
(xv)      Audit Para No. 13.5.1 of Audit Report No. 9 of 2009-10 regarding Loss due to purchase of condensate at crude oil price by Oil & Natural Gas Corporation Limited.
(xvi)      Chapter V of Audit Report No. 10 of 2010-11: A Performance Audit of Health Insurance services provided by the four PSU General Insurance Companies, i.e. National Insurance Company of India Ltd., New India Assurance Company Ltd., Oriental Insurance Company Ltd. and United India Insurance Company Ltd.
(xvii)      Performance Audit Report on Joint Venture Operations of ONGC Videsh Limited.
(xviii)    Para No. 2.3 on Airports Authority of India (AAI) regarding implementation of Operation, Management and Development Agreement entered into by Airports Authority of India with Delhi International Airport (P) Limited.
(xix)      Para No. 2.5 on Airports Authority of India regarding unauthorized withdrawal from the Escrow Account held in fiduciary capacity on behalf of the Government of India by Mumbai International Airport (P) Limited.
(xx)        Para No. 17.2 on Metal Scrap Trading Corporation Limited (MSTC Limited) regarding export of Gold Jewellery.
(C)        Subjects for Horizontal Study
(xxi)        Corporate Governance in select CPSUs
[Including observations contained in Chapter 3 on Corporate Governance in C&AG’s (Commercial) Report No. 2 of 2011-12 on General Purpose Financial Reports of CPSEs (Compliance Audit)]
(xxii)       Corporate Social Responsibility in select CPSUs
[Including observations contained in Chapter 6 on Corporate Social Responsibility in C&AG’s (Commercial) Report No. 2 of 2011-12 on General Purpose Financial Reports of CPSEs (Compliance Audit)]
(xxiii)      Sick, Loss Making and Closed CPSUs
[Including observations contained in C&AG’s (Commercial) Report No. 30 of 2011-12 on revival of sick CPSEs (Performance Audit)]
(xxiv)      Public-Private Partnership in select CPSUs.
2.         The Committee would welcome comments and suggestions from individuals or institutions on any of these subjects and would appreciate if they forward their views in this regard to the Chairman, Committee on Public Undertakings, Parliament House, New Delhi.
PIB
(Release ID :84785)

Functions and Scope Committee on Public Undertakings

The functions of the Committee are to examine the reports and Accounts of the Public Undertakings specified in the Fourth Schedule of the Rules of Procedure and Conduct of Business in Lok Sabha and the Reports of the Comptroller and Auditor General thereon, if any, and to examine, in the context of the autonomy and efficiency of the public undertakings, whether the affairs of the public undertakings are being managed in accordance with sound business principles and prudent commercial practices. The Committee may also examine such subjects or matters which may be specifically referred to it by the House or by the Speaker. The Committee are, however, barred from examining and investigating matters of major Government policy as distinct from business or commercial functions of public undertakings, matters of day-to-day administration or matters for the consideration of which machinery is established by any special statute under which a particular undertaking is established.

Selection of Subjects for Examination by Committee on Public Undertakings
The Committee may select for examination such undertakings/subjects whose comprehensive appraisal appears in the Audit Report (Commercial) presented to Parliament by the Comptroller and Auditor General of India. The Committee also selects on its own certain other Undertakings/subjects for independent examination. The Committee may also select one or more aspects of working of various Public Undertakings for comprehensive horizontal study.

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