Write a short note on "Committee of Public Undertakings".

Committee on Public Undertakings The Committee on Public Undertakings exercises the same financial control on the public sector undertakings as the Public Accounts Committee exercises over the functioning of the Government Departments. The functions of the Committee are as under: To examine the reports and accounts of public undertakings. To examine the reports of the Comptroller & Auditor General on public undertakings. To examine the efficiency of public undertakings and to see whether they are being managed in accordance with sound business principles and prudent commercial practices. The examination of public enterprises by the Committee takes the form of comprehensive appraisal or evaluation of performance of the undertaking. It involves a thorough examination, including evaluation of the policies, programmes and financial working of the undertaking. The objective of the Financial Committees, in doing so, is not to focus only on the individual irregularity, but on the defects in the system which led to such irregularity, and the need for correction of such systems and procedures.