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

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Data Gaps Facing Business Economists

/f practising economists in India were asked to rank the major hazards of their profession, "data gaps' would perhaps receive the highest score. The ease with which business economists in the more developed, countries ban lay their hands on useful environmental data certainly has enabled them to play an influential role in their organisations.... A strategy for improving the data system should undoubtedly receive the higher priority in India.

New Package for Export Strategy

New Package for Export Strategy Samuel Paul Export Strategy for India; NCAER, New Delhi, 1969; pp 153; Rs 18.
IN 1967, the National Council of Applied Economic Research let up a Study Group to formulate an export strategy for India. The chairman of the Group was Manubhai Shah and members were drawn from a variety of backgrounds and included leading businessmen like S L Kirloskar, Bharat Ram and P L Tandon, and economists like D T Lakdavala and P N Dhar. The book under review is the report of the Study Group which has been published in the hope that it would be of value to policy-makers.

Short-Term Economic Forecasting-Some Leading Indicators

Review of Management February 1969 book of abstractions. It was not written in the proverbial 'ivory tower'. Rather, it is a practical, down to earth, easy to understand and assimilate, 'how to' approach to effective leadership." Variations of this statement are found in the other books under review. The authors of these books are committed to the new system and their books are designed to convert others. The case histories given in them are success stories. As a result, they ignore the conceptual issues and do not display enough analytical depth and objectivity. Finally, the whole development of Management by Objectives has taken place in the context of Western, predominantly American, business management and some of the authors have chosen to portray it as a great bulwark of the strength of the free enterprise system. It goes without saying that however effective this approach may have been found elsewhere, there is no room for a turnkey operation. Indian managers must, therefore, analyse their current practices and the organisational and social climate in order to relate Management by Objectives to the Indian situation.

Pricing of Gujarat Natural Gas-Reply

February 15, 1969 Pricing of Gujarat Natural Gas Reply Samuel Paul BIPLAB Dasgupta's observations (December 14, 1968) on my article Tricing of Gujarat Natural Gas; An Alternative Approach' (September 14, 1968) centre around four main point3 which are summarised below:

Pricing Gujarat Natural Gas-An Alternative Approach

The recent award on pricing of natural gas in Gujarat by V K R V Rao provides an interesting case in public sector pricing.
Rao states that his award is based on the "cost plus profit" formula. In his estimation of costs and profits, however, Rao has virtually ignored the relevance of crude in ONGCs operations

Income Shifts and Recession - A Comment

A Comment Samuel Paul IN his article "Income Shifts as a Factor in the Recession" (July 27, Medhora has argued that the income
Medhora has argued that the income shifts in the Indian economy in recent years have led to lower expenditure by government and industry which in turn has brought about the recession. According to him, the income shift has favoured the agricultural sector and more particularly the bigger farmers. Since there are limits to the use of taxes for tapping agricultural incomes and since agriculture does not offer adequate demand for industrial products, Medhora suggests that price policy should be deliberately used to transfer income from agriculture to the spending sectors of government and industry.


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