[2] In May 1956, Ashok Mehta also proposed a separate committee for public undertakings, however the then finance minister held the view that the PAC and the EC were sufficient to handle the work load.

which put forward a number of recommendations intended to reconcile the accountability of public undertakings to parliament while keeping their autonomy on one hand and also ensuring efficiency on the other.

[3] In September 1963, Minister of Commerce and Industry Nityanand Kanungo, put forward a motion in the Lok Sabha proposing the formation of a separate Parliamentary Committee on Public Undertakings.

[1] Key:   BJP (10)   INC (4)   SP (1)   AITC (1)   DMK (1)   TDP (1)  JDU (1)   SS (1)   AAP (1)   BJD (1) = 22 members The scope of COPU is limited to the undertakings specified in the fourth Schedule to the Rules of Procedure and Conduct of Business in Lok Sabha.

Since OVL did not chose to farm-out part of its stake to a local partner, the entire loss has been borne out by it,"[6] Following up in August 2015, COPU stated; "Except reiterating its earlier reply OVL has not offered any justification for its ill-conceived decision not to farm-out part of its stake in IEC to local Russian firms/ entities and its unrealistic estimation of oil reserves and production targets.