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

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Age and Productivity of Machine Tools in India

P Mohanan Pillai J Srinivasan Given the capacity utilisation two major factors are alleged to contribute to low poductivity of Indian industries. They are (I) over-manning of the existing capital stock leading to an increase in the capital-labour ratio, and (2) the presence of old capital stock, i e, prolonging the life of capital to the extent of outliving its economic utility. It is because of the latter that the impression that our machine tools are obsolete has received credence though this hypothesis has not been empirically tested. In the light of data provided by the machine tool surveys this paper attempts to determine the age of machine tools in India. Though productivity of this industry is stagnant or falling, Indian machine tools are of relatively newer vintage. This phenomenon of young machine stock and low productivity can be explained in terms of the strategy of diversification, import of technology and organisation of production.

A Common Future for Whom-How Norway s Labour Party Manages Capitalism

fates is high inflation, since interest costs build into the price structure. Graph 4 traces the recent path of inflation in Mexico. After peaking at the start of 1983, inflation gradually diminished to about 50 per cent annually. However, the reduction of supply, together with high interest rates and increased rates and taxes helped accelerate inflation after 1983.

Small Is Not Beautiful-A Study of the Paper Industry

A Study of the Paper Industry Alka Subramanian Government policy which has discriminated against large paper mills and favoured the small nulls sector has been largely responsible for the entry of numerous small mills into the paper industry since the mid-seventies even as there has been considerable excess capacity in the industry. The author's analysis of a sample of 28 paper mills also leads to the conclusion that small mills have higher costs of production relative to the large mills because they cannot avail of the pronounced economies of scale that characterise the paper industry The current installed capacity of the paper and paper board industry is sufficient to meet present and near- term future demand and the industry should, therefore, concentrate on utilising existing capacity rather than on fresh capacity creation. Government should aid the modernisation of large mills and small nulls should concentrate on the varieties of paper that are reserved for them. The author also suggests changes in the structure of excise duties so as to maximise capacity utilisation in the industry.

Small Industries Information, Guidance and Monitoring Agency-A Model Single Window Clearance System for India

and Monitoring Agency A Model 'Single Window Clearance System' for India S Datta After critically evaluating the existing procedures for starting a small-scale industry the paper develops a Model 'single window clearance system', SIGMA. Other infrastructural aspects are also considered for impIementation of the model in India.

A Framework for Understanding Change in Public Sector Enterprises

in Public Sector Enterprises V Nilakant This paper attempts to explore issues in organisational change within the framework of perspectives developed in the field of Organisational Behaviour It is hoped that such an exploration would contribute towards building a theory and practice of organisational change in the Indian context The focus of inquiry is organisations in the public sector INTRODUCTION THE theory and practice of organisational change is one of the central concerns of the field of Organisational Behaviour (OB). Although OB concepts and practices have evolved primarily in the western context, Khandwalla (1986) believes that the field can significantly contribute to socio-economic development in the third world societies This paper attempts to explore issues in organisational change within the framework of perspectives developed in the field of OB. It is hoped that such an exploration would contribute towards building a theory and practice of organisational change in the Indian context The focus of inquiry in this paper is organisations in the public sector in India The choice of organisations is guided by both pragmatic and normative considerations. First, the public sector constitutes a major segment of the Indian economy. Total investments in central government undertakings were about Rs 42,800 crore in 1984-85 as compared to Rs 953 crore in 1960-61. This segment has witnessed rapid growth in the last twenty years Second, although the normative focus in OB has been on organisational effectiveness, this has been viewed in terms of profitability, rate of growth, adaptability, resource acquisition, and employee welfare. There is a need for viewing organisational effectiveness in third world societies in terms of contribution of the organisation to socio-economic development. Public sector enterprises are one of the principal instruments of the state to bring about socioeconomic development in our society and thus provide an ideal setting for an inquiry into organisational change.

Towards a Comprehensive Theory of Working Capital-A Techno-Financial Approach

Working Capital A Techno-Financial Approach Hrishikes Bhattacharyya The operating cycle theory of working capital as derived from 'natural business year' concept of Park and Gladson has not been able to capture the entire techno-financial operating structure of a firm. The currentness or otherwise of operating assets and liabilities cannot also be exactly judged in terms of operating cycle theory because of its in-built inconsistency and mathematical fallacy. In this paper an attempt has been made to develop a comprehensive theory and tool of working capital management from system's point of view.

Small Industry Development-Restructuring the Institutional Frame

Restructuring the Institutional Frame Ram K Vepa Small industry is now recognised as a vital component of the industrial economy of the country; the Seventh Five Year Plan envisages a rapid increase in the volume of production and quality of goods made in small scale sector. To achieve this objective, the ministry of industry commissioned a Review of the working of the Small Industry Development Organisation (SIDO) to recommend how it should be restructured to respond to the needs of the industry and the priorities hid down in the Seventh Plan.

Pressures of Modernisation on Human Resource Orientation

Resource Orientation Anil Chaturvedi Abha Chaturvedi The process of modernisation of technology in Indian companies has generally been accompanied by an exuberance towards technological change and a willingness to experiment with newer approaches to the management of technological resources. These attitudinal shifts towards technology and technological change have not yet been directed, to any great measure, towards the human resources in our organisations. The result is that increasingly the people working with new technologies sense a contrast between the way they are being treated by their organisation and the manner in which the organisation treats technology. This perception of disparity is discernible in the signs of unease that are surfacing and manifesting themselves in the feelings of neglect and deprivation that workers often express. The real challenge of modernisation thus lies not in developing the ability to select, obtain and induct new skills and personnel but m reorienting the organisations ' attitudes towards their human element.

Mexican Economy No Way Out of Dependence

of Dependence The Bank of Mexico's latest Annual Report brings out how deeply trapped in perpetual and hopeless dependence are countries like Mexico, countreis that have sought economic growth through foreign investment, foreign technology and finally foreign debt LATIN AMERICA is into its seventh successive year of depression and crisis. Ever since the elevation of interest rates in 1980 and 1981, and the corresponding fall in raw material prices, the whole region has been plunged into economic darkness: falling incomes, employment and production, rampant inflation, falling standards of living and rapidly depreciating currencies in all of the region, with the sole exception of Cuba.

Six Theses on the Question of Religion and Politics in India Today

Politics in India Today D Miller The question of religion in India and its relation to secularism and politics has essentially been viewed within the dominant western mould. In this paper an attempt is made to do otherwise.

Commercialisation and Economic Analysis

Asok Sen Commercialisation of agriculture is an inevitable and essential feature of the emergence and consolidation of capitalism. Yet, such process is imbricated with dualities and regional variations especially in the colonial countries. Indeed, it is not possible to homogenise the historical impact of commercialisation. Taking as its point of entry, a recent volume of essays on commercialisation of Indian agriculture, this article analyses the complexities of interpreting the processes of commercialisation in colonial structures. This analysis emphasises that commercialisation alters the modalities of allocation and accruals in a society But its terms are not clarified for the toiling people. The author urges the abandonment of any 'stage paradigm' or any idea of a linear progression where a 'retarded colonial capitalism' establishes its dominance after political independence. The review extends to broader questions relating to the use of categories in social science research.

One Year of Left Unity in Pakistan

The Awami National Party (ANP), Pakistan's hading anti- imperialist party, will celebrate its first anniversary on July 26 with a convention and, for the first time, elections to choose its leadership. The ANP has not achieved much so far, except amongst the Pakhtuns, but its experience in the last one year holds important lessons for left and anti-imperialist forces in Pakistan.


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