ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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On Profit Maximisation in Public Enterprises in India

in India Ranjit K Sau The basic purpose of the public sector in India is twofold: first, to help initiate and sustain a process of rapid economic development, and, secondly, "to carry out such an economic change as will eliminate the economic bases of the. exploiting classes". The pricing policy of public enterprises in India, therefore, has to be determined keeping in full view the context and the logic of the mission to be fulfilled.

Indian Economic Growth-Constraints and Prospects

Constraints and Prospects Ranjit K Sau This paper is art attempt to formulate the laws of development of the Indian economy. It is there- fore concerned with how the Indian economy functions and what factors determine the direction and momentum of its evolution. The paper's secondary concern is with the future prospects of development.

Market Price, Shadow Price and All That

Ranjit K Sau Despite all the suspicions that have been cast on its theoretical soundness and practical usefulness, the concept of 'shadow price' still lingers on in cost-benefit analyses.

Resource Allocation in Indian Agriculture.

Ranjit K Sau The so-called New Agricultural Strategy was officially launched in 1965 but actually was quietly under way since 1959, thanks to the report of the Ford foundation team of experts on "India's Food Crisis". The Fourth Plan relies on the New Strategy for as much as 66 per cent of additional food- grains output.

Approaches to Project Evaluation

Ranjit K Sau The theoretical literature on cost-benefit analysis has grown in volume as well as in perception. Little and Mirrlees, for instance, have developed a fullI-fledged, novel approach in this respect, on the foundation laid by Jan Tinbergen, Simultaneously, another approach has been taking shape in the contributions of a number of economists among which Sens and Marglin's are perhaps the most outstanding. These are the two distinct, dominant trends of thinking on the question of project evaluation.

Multi-Level Planning and Decision-Making

Multi-Level Planning and Decision-Making Ranjit K Sau Multilevel Planning and Decision-Making; papers presented to the Sixth Meeting of Senior Economic Advisers to ECE Governments; United Nations, 1970; pp vi + 204; Sales No E.70.II.E.2; $3.00.

Scale, Gestation and Durability-An Aspect of Project Selection

As early as in 1959, Kalecki and Rakowski of Poland came up with the proposition that the con- struction of more long-lived plants in an economy growing at a rapid rate is much less attractive and less economically justified than it is in a stagnant economy. Recently Amit Bhaduri has brought into a sharper focus the nature of the trade-off between the advantages of long life of a project and the corresponding disadvantages of long gestation period; and he has reiterated the above paradox.

Poverty in India-A Comment

 Poverty in India A Comment Ranjit K Sau IN a highly interesting paper,1 Dande- kar and Rath (hereafter, DR) have shown that 40 per cent of the rural population and 50 per cent of the urban population are below the level of minimum necessary consumption with respect to even calory intake. These proportions have remained remarkably stubborn over the years between 1960-61 and 1968-69. The dimension of poverty is indeed staggering; its intensity, acute. The process of economic growth has failed to alleviate it in any way; rather the shadow of poverty is deepening.

Rate of Return in Engineering Industry

This paper attempts to develop a simple method of estimating the marginal productivity of capital from balance-sheet data. Three conclusions follow from the analysis:
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