A Study on Budgetary Control of Bharat Electricals Limited, Bangalore.

Abstract

Budgetary control is a critical viewpoint for the improvement of any organization since it gives measuring stick by which the genuine execution is measures. It causes the best administration to take proper choice to propel and coordinating their staff towards well set designs and goals of the organization. Budgetary control is a most effective device to the administration for playing out its capacity like figuring the plans, planning the exercises and controlling the activities and so on adequately and in addition productively. Bharat Electronics Limited is a state owned public venture, began on 1954 at Bangalore under the Ministry of Defence, Government of India. It was built up to meet the particular requirements of the Indian defence services, offering an extensive variety of defence items for Indian armed force, naval force and aviation based armed forces. In this project an exertion has been made to examine the viability of the budgetary control framework took after by BEL. The goal is to think about the Budgeting procedure and Budgetary control framework and to recognize the reasons, which have prompted the deviations if any in the ways and techniques by which the deviation can be stayed away from later on course of business.