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

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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.

Banker as Entrepreneur

T A Pai The banking system can justify itself as an instrument of free enterprise provided it is responsive to the needs of the people and is flexible enough to accept the challenge that growth offers.

Another Starved Cow

S S Khera Estimates Committee (1967-68) Fortyseventh Report (Fourth Lok Sabha) on the Union Public Service Commission; Lok Sabha Secretariat, March 1968; Price Rs 2.75.

Rural Consumer Market as Commercial Priority

M Mathias The task of mobilising rural incomes is as much a commercial as a national priority. In the absence of an agricultural income-tax, mobilisation of resources from the villages can take place only through excise duties on consumer products like textiles and soaps sold in the rural areas.

Public Relations Concept and Practice

J M Kaul The function of public relations is to bring about an adjustment or understanding between the organisation concerned and those segments of society or 'publics' with which maladjustments, arising from the pluralistic nature of modern society, have occurred or are likely to occur.

Organisational Planning-Some Comments

This paper analyses organisational tasks and discusses three approaches to organisations study, and develops an approach to planning organisation of work.

Entrepreneurial Abstinence

Another Starved Cow S S Khera Banker as Entrepreneur T A Pai Rural Consumer Market M Mathias Use of DCF for Valuation M R Batliwala Organisational Planning Ithwar Oayat Wage Boards Bagaram Tulpule Public Relations J M Kaul Review of Management, a quarterly feature, is published on the last Saturday of February, May, August and November.

Wage Fixation by Wage Boards

There was need in the mid-fifties for a national review of the wage structure. The machinery of Industrial Tribunals and Courts was clearly inadequate for this purpose because the problems involved were not in the nature of industrial disputes.

Purchase of a Running Concern-Use of DCF for Valuation

Use of DCF for Valuation M R Batliwala Though the utility of the Discounted Cash Flow Technique is now accepted by all progressive managements, many investment decisions are still based on pure hunches or on illogical reasoning.

Pricing of Oil Products-Its Economic Consequences

Its Economic Consequences Biplab Dasgupta Adherence to the outdated formula of fixing oil prices on the basis of Persian Gulf import parity is producing a number of serious economic consequences, particularly because the country's demand for oil products is now largely fulfilled by domestic refineries at prices which bear little relationship with the pattern and location of the domestic market.

Institutional Appraisal of Projects

Phiroze B Medhora Most medium and large industrial projects have now to take recourse to institutional finance. It is important, therefore, that entrepreneurs appreciate the considerations that influence a financial institution's decision to finance a project. This enables the industrialist to present his proposal effectively and to concentrate on the essential points in his dialogue with the institution.

Test Marketing of Consumer Products

The object of test marketing is to study a miniature of the national market. This implies that the marketer should have a clear idea of the nature of his market, and should have done initial consumer research.

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