5. The Council shall-(a) formulate general policy guidelines for public corporations and issue instructions and directives for the co-ordination and better management of the affairs and business of such corporations following such policy guidelines;(b) formulate general guidelines for preparation of management objectives of public corporations;(c) formulate general guidelines for preparation of budgets by public corporations;(d) co-ordinate management objectives of public corporations;(e) approve production target and profit and performance criteria for any public corporations;(f) approve declaration of dividend or contribution of profit to Government by any public corporations;(g) evaluate periodically and monitor performance of public corporations; and(h) do such other acts and things as it may consider necessary for ensuring co-ordinations and better management of public corporations.