Loss of public sector

Story Public sector banks' losses rise 3. As per the financial results posted by them, the biggest loss was posted by scam-hit Punjab National Bank. These 21 public sector banks had posted a net loss of Rs 4,

Loss of public sector

Risk management and internal control 4. Demonstrate an understanding of the legal framework applicable to loss management processes and functions; Apply the legal framework to various scenarios; Explain the roles and responsibilities of all internal and external role players; Explain the difference between a delict Loss of public sector criminal cases; and Demonstrate an understanding of civil procedural law also insofar it relates to the administration of loss files.

Demonstrate an understanding of the importance to ensure that all losses are reported without delay; Explain the administrative functions relating to the reporting of losses; Identify the correct initial reports for reporting purposes; Identify the correct offices to whom initial reports must be submitted; Explain the nature of information to be included in initial reports; Explain the procedure to acknowledge receipt of initial reports and to provide guidance to investigate losses; and Explain the importance of monitoring information that is still lacking.

1 Aim of Loss Management

Demonstrate an understanding of the importance of and purpose of record keeping; Explain principles about unauthorized access to information systems; Explain different types of recordkeeping; Explain the nature of information to be captured to manage losses effectively Identify officials responsible for capturing and updating of records; Demonstrate an understanding about the need to manage the data integrity of information captured in accordance with a proposed framework; Explain the process to be followed by users of information systems to enhance such systems; and Explain the purpose of a helpdesk to render assistance with information pertaining to loss management.

Recognize the importance of prescripts with regard to the investigation of losses; Distinct between different types of investigation and different methods of investigation; Describe Loss of public sector roles and responsibilities of officials with regard to the investigation of losses and civil claims; Understand the approach to be followed to investigate different types of potential losses; Apply important principles with regard to investigations to determine liability for losses caused by officials; and Identify, compile and submit factual reports with regard to different types of losses.

Distinct between informal and formal recovery procedures; Perform the functions applicable to initiating recovery processes; Calculate damages and apply principles relating to depreciation; Understand the importance of principles applicable to prescription of debt; and Demonstrate an understanding of delegation of powers relating to the said learning outcomes.

Distinct between incidental and non-incidental debts; Understand the processes to be followed with debt recovery from serving and non-serving officials including other persons or legal entities; Explain the roles and responsibilities of different role players with debt administration; Identify various types of report to manage and monitor debts due to the state; and Demonstrate an understanding of delegation of powers relating to the said learning outcomes.

Loss of public sector

Apply the different Treasury Regulations relating to write-offs, waiver of claims by the state and remissions as an act of grace in practice; Distinct between the different Treasury Regulations; Understand all conditions to be met prior accounting for losses and damages in terms of the relevant Treasury Regulations; Prepare documentation to obtain approval for write-offs, waiver of claims and applications for exemption as an act of grace; and Demonstrate an understanding of delegation of powers relating to the said learning outcomes.

Appreciate the importance of reports from a loss management perspective; Distinct between standardized and non-standardized reports; Explain the need for different types and purpose of such reports; Determine minimum standards for developing reports; Explain principles for interpreting reports; Understand the importance of communicating information gathered from reports; Comply with responsibilities relating to submitting reports in respect of losses; and Understand the need to coordinate enquiries received from the Auditor-General in particular.

Explain the procedures with regard to the obtaining and registration of bank particulars of beneficiaries; Understand the general requirements to and compile a memorandum, including a follow-up memorandum relating to compensation payments; Distinct between the disposal of memoranda prior and after payment; Explain the payment and re-payment procedures; Identify and address deficiencies pertaining to compensation payments; and Demonstrate an understanding of delegation of powers relating to the said learning outcomes.

Identify the Treasury Regulations applicable to ex-gratia payments; Explain the basic principles applicable to payments as an act of grace ex-gratia payments ; Apply the criteria to be considered to justify payments as an act of grace; Distinct between payments as an act of grace relating to unlawful or lawful actions by officials; Identify types of claims for compensation that may be considered without the intervention of the state attorney, including payments as an act of grace; and Demonstrate an understanding of delegation of powers relating to the said learning outcomes.

Apply the criteria to determine when a more formal method of investigation Board of Inquiry is required to determine liability for losses; Explain the procedures to be followed prior an Inquiry as far as preparation is concerned; Record evidence during an Inquiry; Explain the procedure to be followed after an Inquiry has been conducted; Explain the procedure to be followed when a Board of Inquiry need to be reconvened; Finalize the minutes of the Inquiry from a technical point of view; and Understand the procedure to be followed when an appeal is lodged against the findings or recommendations of the Chairperson of a Board of Inquiry.

Understand basic concepts applicable to risk management; Elain the Enterprise Risk Management Governance Framework; Understand the importance of risk management structures and reporting lines; Explain the meaning of a risk and unpack the elements of a risk; Explain the importance of internal control mechanisms; Apply in practice the Enterprise Risk Management Process; Utilize the Enterprise Risk Management Toolkit and other reference material; Apply in practice a risk management framework applicable to loss management processes and functions; and Explain the roles and responsibilities of all managers, supervisors and officials from a financial management perspective.OVERLAND PARK, KS, May 05, (Marketwired via COMTEX) -- Public sector data breaches affected several high-profile U.S.

government targets in , including The . We strongly believe our work with the Public Sector is a great way to improve people’s lives. We aim to reach hundreds of thousands of people through financing social housing, education, government and local authorities, as well as being a trusted advisor to the not-for-profit sector.

The cumulative loss of public sector banks crossed Rs 87, crore in , with scam-tainted Punjab National Bank Ltd. topping the chart with a hit of nearly Rs 12, crore, followed by IDBI Bank Ltd. Public management values public interest, public needs and political compromise.

As a public manager, your primary concern is the overall wellbeing of your society. You endeavour to balance the needs of businesses, interest groups and individuals.

The principal problems of the public enterprises are discussed in detail as follows. 1. Underutilization of capacity: In recent years both the volume and value of public sector output have rapidly increased.

In spite of that, most of the public sector enterprises suffer from the general problem of. Since the peak of public-sector employment four years ago in August , the public sector has shed , jobs. Through ripple effects, the loss of public-sector jobs also causes job loss in the private sector, amplifying the drain on the recovery.

Public sector banks in India - Wikipedia