PUBLIC PRIVATE PARTNERSHIP IN INDIA
Public Private Partnership or PPP is a subject being given the increasing attention that it has been receiving in context of the sweeping changes in India's economic policies. We are all aware, along with the dismantling of the license permit raj a greater role is envisaged for the private sector in these new policies. Now it seems that, the private sector is not only to be facilitated in its growth, but there it can be taken on board as a partner by the government in the provision of public services. This of course, is the purpose of PPP. For those of us who have had a long innings in Government, such thinking represents a paradigm shift from the way things were always done. I am aware of the fact
…show more content…
The key words seem to be rewards and risks.
Having said this, I may state that this scenario gives rise to a host of issues to the mind of a practical administrator. Some of them would be on these lines:
Firstly, when should a public project opt for PPP? Does the project lend itself to the model, or indeed justify sharing of the rewards with the private sector. The U.K. was one of the first countries to go into partnership with the private sector for providing public services. They have been fairly successful in this respect. One of their PPP models is called the Public Finance Initiative (PFI), wherein the government contracts to purchase services on a long term basis from a private provider, who may build, maintain and operate infrastructure. The costs may be met from user charges, along with state subsidies, which are a form of "viability gap funding". However while implementing the PFI program, the U.K. government had issued guidelines on the types of projects that needed to be taken up under it. These guidelines stated that "PFI is appropriate where there are major and complex capital projects with significant and ongoing maintenance requirements. Here the private sector can offer project management skills, more innovative design and risk management expertise that can bring substantial benefits." In other words it is clear that PPP can be
Procurement is the process of selecting suppliers and signing contracts for the purchase of goods and services. While simple in definition, quite the opposite is true when it comes to execution. When speaking about public and private sectors, they are two entirely different entities. They have different work principles, different functions and responsibilities in the economy, and different limitations to do work. In the case of government acquisition, the leading and primary objective is for public good, not profit. For a private venture, it is profit for the shareholders. A private company has to have profit as the first priority when awarding procurement contracts. Due to this obvious dichotomy, contractors generally either service
A privately financed project was a specified from of PPP that involved not only private sector financing but also controlling ownership. PFPs differed. From the outsourcing or construction by the government. There has been widespread adoption by Governments across the world of Public Private Partnerships (PPPs) as a way of providing public infrastructure. Grimsey and Lewis report that the UK version of PPPs,
• Coordinate with physician and nursing staff to address the patient’s prognosis, treatment, and care plan.
The need for financial stringency in public organizations due to budgetary pressures and tax resistance coupled with the need to Managing /balancing budget deficits and provide quality services with a reduction in revenue has always been a major challenge for public organizations. The need to save money and at the same time provide quality services, had forced government agencies to privatize and contract out. Recently, there is greater involvement of the private and nonprofit sector in public service delivery. More and more government functions in service delivery are now carried out by private and nonprofit organization. This is one part attributed to the belief that private organizations can provide services more efficiently and effectively than government operated services. And the other is the fact that it is cost effective and takes a lesser time frame. These two process are indeed unarguably beneficial to the government and private sector as well as the beneficiaries, but they can be also very daunting accompanied with huge challenges especially when not executed in the rightful manner. The case of the crummy contractor by Rainey depicts such a complex situation , where the process of contracting out was poorly conducted. The case highlights the demand for privatization and contracting-out and most importantly some of the challenges of privatization and contracting in government organization. it goes on further to identify some crucial pointed to be
AFTER 9/11 EVENT 9/11 event has very important role at world politics. Before 9/11 and after 9/11 world politics are different. World politics had been changed after 9/11 event. Also, American’s spending had been changed.
Although the executives may be able to get their subordinates to believe in the system
Visiting to Snohomish Court is my first time to experience about the court in my life. In my country, I never go to a court because I thought that only lawyers and people who break law need to attend in the court. To be honest, it is an amazing trip, so I will never forget the time when I was there. After I arrived at the Court at 8:20am, I was extremely worried because it was my first time to visit the court in the US. However, the employees of the Snohomish court are really nice to me. First, when I looked at the map to find the way go to the Mission Building, a police asked me what I was looking for. Then, he told me he could take me to the Mission Building. When we were heading to the Mission Building, we had a fun conversation.
After reading this article, the author gave readers a bunch of ideas about the public policy field. The author illustrated the definition of public policy clearly, explained specifically the broad field of public policy, and absolutely brought out reliable theories. It is a very useful chapter for the novice of public policy or public administration. By all means, this article provides multidimensional fashions to analyze or determine the
For my current event, I choose an article based upon the management topic of Corporate Social Responsibility (CSR). The article I choose was “A Purpose Beyond Profit”, written by Tony Schwartz, for the New York Times in 2014. As the title implies, it looks at businesses practices adopted by corporations that have surpassed just obeying regulatory laws to actually encompassing many sustainability programs to help society, even if means lowering their profits. In a meticulous analysis of the article, “A Purpose Beyond Profit”, I will summarize the main points of the author, show the important factors that support the main idea(s), reveal any holes in the main ideas, and its supporting arguments; further more I will provide counter-arguments to the basis of the article, and will discuss management theories that are applied in businesses today.
During the last three decades, privatization has become increasingly popular in our government. This noticeable growth of privatization of public services has generated lots of discussions and debates among many scholars and left many of asking the questions.
The word Public Private Partnership (PPP) has been in the public domain for some time now and in a way or the other touches on the two main parties who are the key players in the process, public and private sector. However much the public as well as private sector opinions are to be considered, it is of importance to comprehend critics' point of view on undertaking Public Private Partnership, basing our research in Hong Kong. In this regard, this paper brings on board the analysis as well as critical examination of recent reform initiative in this case (private and public partnership (PPP) in Hong Kong. The paper is to scrutinize the rationale, alternative options, financial implications as well as service delivery impacts.
The effort in implementing Option 1 should not be underestimated. Top management will have to be involved, everyone will have to be retrained, a lot of changes will be needed in procedures and systems by all departments. If this is not done with a careful and dedicated approach, a con could be failure to achieve the promised benefits of this option or failure
According to the above information , there are given improvements in the new Organizational Chart :
4. If the system declared as a failure they should cope with it very strategically, firing
According to Vision Launch, cities have already tried privatization in the past, and the results weren’t too satisfactory. Considering that private financing costs more than public financing, many people are often under the false perception that it is the other way around, which gives them the impression for a short term that privatization will be more beneficial in the long term. Taxpayers in the end are the ones who are left paying for these projects through their monthly bills. Gaining