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

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Foreign Collaboration in Indian Industry

V N Balasubramanyam What has been the impact of imported technology and investment on Indian industrial productivity, exports and growth? As the Reserve Bank of India study on the subject puts it, "the major problem in this field is, for instance, whether, on balance, foreign collaboration arrangements have resulted in, or can be relied on to result in, a net gain to the country? Have those firms and industries which have relied more on technology fared better relative to the others in terms of productivity and growth?" Central to the same theme are questions such as what exactly is the nature of knowledge imported under the technical collaboration agreements? Is the knowledge imported stated to Indian conditions and prevailing factor proportions? Has the implementation of foreign techniques resulted in a higher capital-labour ratio? Is the imported knowledge restructured to suit Indian factor and product market conditions? What has been the cost of such restructuring? How best to assess the quality of knowledge imported? Is the market for knowledge a perfect one? If not, what are the costs and benefits of operating in an imperfect market for knowledge?

Evaluating the Effectiveness of Management Planning and Control Systems

Between Industry and Agriculture', Oxford Economic Papers (July 1971). [23] H K Sau, 'Approaches to Project Evaluation', Economic and Political Weekly, Review of Management, August 1971.

Corporate Policies on Bonus Share Issues in India

L C Gupta Bonus issues in India are in the nature of 'stock-splits' rather than 'stock-dividends'. Increases in the total quantum of dividend distribution do not follow bonus issues quite as universally or automatically as is generally assumed. In fact, where dividend distribution has been increased, the quantum of increase has been usually less than in proportion to the bonus issue.

Recruitment and Promotion Policies in Commercial Banks

in Commercial Banks V V Bhatt The present procedures for recruitment and p 'amotion in banks have evolved over the years in an ad hoc manner. Yet a proper solution to these problems is crucial for evolving a set of banking practices that are efficient and tuned to the attainment of national objectives.

Materials Management

S Srinivasan New Techniques for Effective Sales Management by George B Wright, Rs 18; Effective Management Techniques for Getting Things Done by Lynn W Whiteside, Rs 16; The Successful Manager's Guide by William Wachs, Rs 16. All published by Vikas Publications, New Delhi.

Licensing Plus

Training Is Not All Ishwar Dayal For the Eager Manager S Srinivasan Materials Management N K Jaiswal Market Price, Shadow Price and All That Ranjit K Sau Evaluating Planning and Control Systems S K Bhattacharyya Net Present Value versus Internal Rate of Return C Rangarajan Paul Mampilly Bonus Share Issues L C Gupta Foreign Collaboration V N Balasubramanyam Recruitment and Promotion in Banks V V Bhatt Corporate R and D K K Subrahmanian Review of Management is published four times a year, on the last Saturday of February, May, August, and November.

For the Eager Manager

S Srinivasan New Techniques for Effective Sales Management by George B Wright, Rs 18; Effective Management Techniques for Getting Things Done by Lynn W Whiteside, Rs 16; The Successful Manager's Guide by William Wachs, Rs 16. All published by Vikas Publications, New Delhi.

Determinants of Corporative R and D

Review of Management November 1971 the really deserving and he would be satisfied in being given more responsible work. For the top few jobs, which would be on a pure selection basis, the bank would have a choice from among the persons who would be really competent rather than from among those who have reached, on the basis of seniority, a certain scale.

Training Is Not All

FINISHING the last page of the book left me both gratiiird and dismayed. Gratified that an educator had undertaken to write 13 chapters on a wide range of subjects from management of co-operatives, small and large industry, to education, planning and the emerging social and economic order. Dismayed because the superior capabilities of the author do not show up to full advantage in the treatment of the subjects. The objective of the book, which is to examine the management gap in the developing economy in order to benefit managements, educational institutions, etc, remains unfulfilled.

Net Present Value versus Internal Rate of Return

of Return C Rangarajan Paul Mampilly As the net cash inflow generated during the lifetime of a project can he re-employed to earn further as and when they are realised, the exact point of time of occurrence of cash flows together with the size thereof becomes important in the process of evaluating the profitability of an investment project.

Capitalist Development in Agriculture-A Note

A Note Utsa Patnaik In recent years there has emerged a tendency towards profit-oriented production and investment in land by a section of the cultivating population. Many observers think they see a new class of capitalist farmers emerging. There had been, however, no quantitative studies attempting to isolate the characteristics of capitalist farmers or to apply any criteria to identify the capitalists, Ashok Rudra with A Majid and B D Talib carried out a sample survey of big farmers in Punjab and, after attempting to isolate the capitalists from the sample by certain statistical methods, came to the conclusion that no group of capitalist farmers could be identified.

Wages of Agricultural Labour

upward changes were made on the ground that market price of land has been increasing. However, the precise relationship between changes in the market value of the land and changes in the value of 'multiplier' 13 is not known.

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