MS-92 Solved Assignment

Old Samples – Ignou MS-92 Solved Assignment

Q. What was the new approach adopted with regard to transformation of public to private sector?
Answer. The most important form in the process of privatization of public sector enterprises in India is disinvestment of capital in public sector enterprises. The policy of the government on disinvestment has evolved over a period of time….

The disinvestment policy has evolved over the last decade, by the Budget Speeches of the Finance Ministers and later outlined in a manual prepared by the Ministry of Disinvestment…..

Though 49 companies so far have been disinvested but in reality only a few have been genuinely privatized. On the other hand the countries like Taiwan, Hungary, Thailand, Philippines, Korea, Turkey, Poland, Eastern Europe, West Asia and even China have marched ahead with the disinvestment program with a professional approach….
The method indicates the intrinsic value of the firm and this method is considered as superior than other methods as it projects future cash flows and the earning potential of the firm, takes into account intangibles such as brand equity, marketing & distribution network, the level of competition likely to be faced in future, risk factors to which enterprises are exposed as well as value of its core assets…..

Q. “The classification of State Level Public Enterprises (SLPEs) is an onerous task.” With reference to the statement briefly discuss the coverage and features of SLPEs.

Answer. State level Public Enterprises (SLPEs) form an important part of state economies and have played a very important role in the overall development of the states. Most states have also set up Bureau of Public Enterprises/ Public Enterprises Departments for coordinating/management of SLPEs…..
This was done in order to make use of the financial facilities which would not have been otherwise available as, financial institutions do not give loan to departmental enterprises. Therefore, a number of departmental activities were moved to autonomous SLPEs. This is a special feature of SLPEs. Unlike the Central Government enterprises, the financing of SLPEs is done to a large extent, both in terms of equity and loan through institution funds…..
The top levels are manned mostly by deputationsists leading to bureaucratic dominance. With respect of the middle and lower level personnel, most of the SLPEs followed the pay structures of the state Governments…..

Q. Define collective bargaining and describe its history.
Answer. Collective bargaining is a process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong…..
The terms of employment are likely to include items such as conditions of employment, working conditions and other workplace rules, base pay, overtime pay, work hours, shift length, work holidays, sick leave, vacation time, retirement benefits and health care benefits…..
. It leads to a better understanding between the management and the union and is mutually beneficial for both parties. It helps in preventing industrial disputes, work stoppage, strikes and lockouts too. It tends to promote a sense of job security among the employees and thereby tends to reduce the cost of labour turnover to the management…..
This was hardly collective bargaining Just before the Second World War the system of arbitration at Ahmedabad seemed to break down and in 1940 under wartime conditions a reference was made to compulsory adjudication under the Bombay Industrial Disputes Act. In 1952, the Ahmedabad Mill Owner’s Association and the Textile Labour signed two agreements initially for two years by which the machinery of voluntary arbitration was reviewed. This was proper collective bargaining between the two representative organsations, who agreed that in future all disputes between the mills and their employees should be settled out of Court……
It pointed out that for the development of an undertaking or an industry, industrial peace is indispensable. Obviously this can best be achieved by the parties themselves. Labour legislation can only provide a suitable frame work in which employers and workers can function…..