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

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On Pricing in Public Enterprises

A K Das Gupta The 'no profit no loss' principle held such sway in the early stages of planning in India that public enterprises were run without any consideration for profit. But in the context of planning where one of the recognised sources of finance is profit from public enterprises, this was an untenable policy and there was pressure for its reversal. As always happens, the argument was turned the other way round and from 'no profit no loss' we have now moved to 'maximum profit'.

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