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

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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.

Public Accountability and Audit in India

Central to any study of accountability in government is the role of government audit, which has a vital role in helping the executive and the legislature to ensure that public money is spent properly and to assure the public that it gets value for its money The Indian constitution has conferred complete independence and extensive powers on the auditor general to enable him to discharge his functions unhindered by anyone.

Involvement of Business Houses in Rural Development-A Case Study

Indian business houses began to diversify into agri-business in the mid-sixties, often in collaboration with multinationals. However, as the purchasing power of the Indian farmer is limited, except for a small section in the green revolution areas, the major buyer the business houses have sought is the government which has tried to modernise agriculture by providing a variety of subsidies. These subsidies have progressively increased and are heaviest in areas designated as 'tribal', 'backward

Financial Innovations and Credit Market Evolution

Financial innovations reduce transaction costs and risk and so bring about a widening and deepening of capital markets and contribute to acceleration of economic development through the favourable impact on saving, investment and output. This paper examines the relationship between finance and development and the nature and characteristics of financial innovations. The author discusses the role of policy intervention in quickening the pace of financial development. A case study of an innovative bank is used to illustrate innovations essential for financing small farm and non-farm enterprises and mobilising resources from middle and tow income groups in developing countries.

Sengupta Report on Public Enterprises-Eloquent Fuzziness at Its Best

A number of major policy initiatives toward public enterprises are being pushed vigorously by the government. Phrases like "MOUs" ''holding companies" and "privatisation" have become a part of the current economic jargon. A closer examination reveals that they have spawned out of a common source

Multinationals and Development-Elitist Perspectives

Oil and Other Multinationals in India by M S Patwardhan, Popular Prakashan, Bombay, p 140, Price Rs 150 IN recent years the door has been opened wide for largescale inflow of foreign capital into this country. Liberalisation of imports of foreign private capital and of 'high technology' has become the craze. M S Patwardhan's book "Oil and Multinationals in India" is in accord with this policy. The author was the first and the last Indian chief executive of the erstwhile Burmah Shell group of companies in India and is currently the managing director of NOCIL, a joint venture of the Royal Dutch Shell and the Mafatlals.

Let the Workers Own and Manage

V M Dandekar It will be wrong to reject employee stock ownership simply because the idea has come from the governments and spokesmen of liberal capitalism and because, if accepted, it may make it easier for capitalism to manage its crises better and survive. The relevant question to ask is whether if capitalism transforms itself and survives in a new form in which the means of production are owned by the workers, will it be better or worse for labour than if capitalism continues in its present antagonistic form.

Crisis of Modern Science-A Conference Report

Crisis of Modern Science Crisis of Modern Science preferred to divide the world into modem and traditional, rather than first world and third world, categories which he felt were A Conference Report created by the first and second world. Traditional science was different from modern K S science in that it claims to make men free THE conference organised by the Consumers Association of Penang (CAP) at the end of November in Penang, Malaysia, was ostensibly intended as a discussion on the crisis in modern science, the stated theme of the conference. In fact it turned out to be a platform for a whole range of advocates of traditional and indigenous sciences.

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