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

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Final and Revised Crop Estimates-An Analysis of Discrepancies

Time lags are common in the collection and compilation of crop-production statistics. It takes about two years to revise the 'final' estimates, framed soon after the harvest, on the basis of complete returns of production.

Predatory Capitalism in Indian Agriculture

Daniel Thorner "Welfare Capitalism" is the principal positive recommendation for agriculture offered by Gunnar Myrdal in his important treatise, "Asian Drama". Yet his own analysis of the agrarian scene in con- temporary India suggests that the type of capitalist farming most likely to spread is predatory rather than welfare-oriented. It follows logically that Indian agricultural workers can promote their own welfare best by organising themselves into powerful labour federations.

More on Returns to Scale in Indian Agriculture

Ashok Rudra In an earlier article in this journal the author had presented some farm level data that failed to indicate any dependence of yield per acre on farm size. He had suggested that since it has been claimed that the aggregated Farm Management data reveal an inverse relationship between size and yield, it should be examined whether there was something in the aggregation process that had given rise to a spurious statistical relationship.

Research and Extension for Farm Improvement

K C Naik R Dwarakinath It is not through proliferation of extension staff that the farmer can be helped to raise yields but by making the extension staff work with the latest knowhow in a climate that subordinates all other activities to legitimate tasks of extension work.

The New Strategy- Lessons of First Three Years

The impression is widespread that areas covered by the High-Yielding Varieties Programme are given favoured treatment, in fact, there is very little to distinguish the State Governments' agricultural activities in these areas from those elsewhere, except possibly some preference shown in distribution of fertilisers.

Productivity Trends in Large-Scale Industries

Raj Krishna S S Mehta No matter what indicator is used, it is clearly established that productivity has been declining and average cost of production rising in large-scale industries during the two decades 1946 to 1966.

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.

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.

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