AN INSIGHT INTO THE FINANCIAL SPECTRUM OF ELECTRICITY COMPANIES IN RAJASTHAN WITH SPECIAL REFERENCE TO RAJASTHAN RAJYA VIDHYUT PRASARAN NIGAM LIMITED

Every world level organisation irrespective to fact whether it is public or private sector, make review of its performance and do measurement on time to time to gain an insight view of the entity so that it could reach to a conclusion about its performance and could assess its financial performance, efficiency and effectiveness. It helps in measuring the level up to which it has achieved its set goals and objectives of its business. The organisation selects the data for measurement to make the components of evaluation criteria, and implement them into action. Strategies followed by the company also get impacted with the financial and operational performance of the organisation. This need to be improved according to the general trend of the performance of the industry, in which it operates. Having improvement in the financial spectrum of the entity is the result of the operational and financial efficiency and effectiveness. Improvements and increase in financial efficiency must be at the cost of the effectiveness of the services provided to it. The financial health specially the Assets and Profitability efficiency (which is responsible for the overall performance of the entity) is measured as the difference between the actual or observed ratio of the combined value of the Resources input and Profit Output and this is achieved through the best practices of the business. For every service provider, production of the optimum output with the minimum input against the technically possible figure, is a crucial forward step to achieve their objectives. Making of the measurement of the financial performance along with Operational efficiency of a service provider or any similar industry has always been a crucial phenomenon for all financial experts and theorist and the policy makers. If the theoretical arguments on the concerned Financial Efficiency of the different economic system are tested for empirical testing then it is quite necessary to make test of some actual measurements of financial efficiency levels. In the same way if economic planning is to relate with any particular industry specific, it becomes important to relate that how far that particular industry is expected to increase its output by having an increase in the efficiency only and not by using any further resources. In this context it is special to note that government has developed a variety nature of programmes of energy development to cater the growing need of the energy throughout the country. The energy or electricity is the major contributor for making the diversification of the economic activities as it runs the wheels of the all industrial sectors. In the rural areas a better living can be imagined only even with basic supply of electricity. Hence the studies connected to this field are quite helpful for the government and that is why the planning people must have knowledge of the existing problem. Hence the researcher has chosen to made a review of the economical impact of the financial spectrum of the Rajasthan Rajya Vidhyut Prasaran Nigam limited.

___________________________________________________________________________________

 

Keywords: Economic, Industry, Government, Efficiency, Operational, Consumption, Regulatory, Energy.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download