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

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Income Tax on Income-in-kind

Amaresh Bagchi Adoption of the net-flow-of-wealth definition of income is considered an unavoidable surrender to expediency, but serious distortions arise when departures are made even from this definition on grounds such as that receipt in kind is not income since barter is not sale. This paper briefly illustrates the nature of some of these distortions with reference to a few judicial decisions.

The Research Gap

The Missing Identity B L Maheshwarl Operations Research A C Das Gupta Management by Objectives A V Srinivasan Asset Selection N L Hingorani Advertising Sanat Lahiri Cash Management in Banks C Rangarajan J K Satia University Organisation Kamla Chowdhry Tax on Income-in-kind Amaresh Bagchi Industrial Planning Yoginder K Alagh Review of Management is published four times a year, on the last Saturday of February, May, August and November.

Organisational Innovation in Universities- Relevance of Industrial Experience

Relevance of Industrial Experience Kamla Chowdhry There are those who may argue about the uniqueness of the University and resent the application of insights gained from industrial experience. It still seems necessary and desirable to build bridges across different institutional settings so as to transfer insights gained from one field to another.

Farm Size, Productivity and Returns to Scale

It is suggested in this paper that Indian agriculture is characterised by constant returns to scale. With returns to scale constant, the explanation for variations in productivity per acre as farm size changes lies in the level of various inputs associated with farm size. The higher output per acre in smaller farms is really a function of the higher input of labour.

Foodgrains Self-sufficiency in Fourth Plan

Foodgrains output is a crucial factor for achieving the Fourth Plan objective of growth with stability. Demand for foodgrains at the end of the Plan, the author estimates, will be 126 million tonnes. To meet it. production will have to grow at the rate of 5.8 per cent per annum compound.

No Breakthrough Here

Prospects of Food Self-sufficiency S S Madalgi Punjab's Green Revolution Wolf Ladejinsky Lessons of IADP D K Desai Urban-Rural Terms of Trade R Thamarajakshi Marketed Surplus Pranab Kumar Bardhan Kalpana Bardhan Ayacut Development Jayakumar Anagol Farm Size and Productivity G R Saini Resources from Rural Sector Comment T N Srinivasan P K Bardhan Reply C H Hanumantha Rao Review of Agriculture is published four times a year, on the last Saturday of March, June, September and December.

Intersectoral Terms of Trade and Marketed Surplus of Agricultural Produce, 1951-52 to 1965-66

During the period of the first three five-year Plans, all prices received and paid by agriculture show- ed an upward trend, though at differential rates. In general, prices received by agriculture rose at a faster annual rate than those paid by agriculture, and yet the consequent secular improvement in favour of agriatl- ture in the net barter terms of trade was marginal.

Intensive Agricultural District Programme-Analysis of Results

Analysis of Results D K Desai The results of the Intensive Agricultural District Programme indicate that the strategy of intensification of effort on an area basis has not achieved the objective of rapid increase in agricultural production.

Problem of Marketed Surplus of Cereals

Kalpana Bardhan This paper suggests an indirect method of estimating the quantity of cereals marketed by the agricultural sector. The authors analyse the behaviour of the marketed surplus in terms of the relevant price and income variables and compare their estimates with the figure of marketed surplus of cereals implied in the year-end projections of the Fourth Plan.

Regional Patterns of Education-Rimland and Heartland in Indian Education

Susanne Hoeber Rudolph Responsibility for education lies primarily on the States. Since the States differ significantly with respect to language, history, economic levels and social structure, their differences get translated into the quite distinct patterns of education to be found among the States.

Reply

Review of Agriculture June 1969 Reply C H Hanumantha Rao THE extension of my welfare analysis by T N Srinivasan and P K Bardhan is useful as it provides a method for identifying empirically the income groups in rural (urban) areas who may be better or worse off than their urban (rural) counterparts, given the assumption of identical preferences. One of the main points of my welfare analysis was that the large expenditure groups may not experience a real income advantage in rural areas as compared to their urban counterparts. The estimates of Srinivasan and Bardhan confirm this proposition as they conclude that "for a given price difference the higher expenditure groups spending a larger proportion on more expensive urban goods are worse off relative to their urban counterparts''. It is important to note this because many of the prevailing studies on tax burden assume that real incomes of the rural rich are higher than those of their urban counterparts.

Resource Prospects from the Rural Sector-A Comment

P K Bardhan Hanumantha Rao ("Resource Prospects from the Rural Sector : The Case of Indirect Taxes", March 29, 1969, pp A-53 to A-58) could have gone further than he did in his welfare analysis of the differential indirect tax burden on rural and urban consumers of similar money income groups.

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