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

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The Joint Sector

H K Paranjape To use the term Joint Sector to cover all investments made by public sector financial institutions in private sector industry would so widen the scope of the concept as to make it almost meaningless. The term should cover only concerns in which a substantial chunk of equity, say, one-third to one-hall, is controlled, as a matter of deliberate policy, by the government and public financial institutions.

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