Subject: Polity
Book: Indian Polity by M. Laxmikanth
Examines the accounts and management of public sector undertakings (PSUs). Like the PAC, it reviews CAG reports but focuses on efficiency, autonomy, and returns on investment in state-owned enterprises. Consisting of Lok Sabha and Rajya Sabha MPs, COPU can recommend restructuring or improved corporate governance. It cannot question the government’s basic economic policies but can highlight management deficiencies, fostering accountability in PSUs. Over time, it’s raised concerns about debt-laden PSU finances, poor performance, and governance pitfalls. Strengthening this committee’s oversight can ensure public enterprises align with national objectives and financial discipline while respecting social mandates.
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