Principles, Performance, Profile and Privatisation of Public Enterprises in India
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Book ID : 32932
ISBN-10 : 81-7646-623-9 / 8176466239
ISBN-13 : 978-81-7646-623-3 / 9788176466233
of Publication :
of Publication :
Edition : (First Edition)
Language : English
xiv, 320p., Tables, Figs., Index, 23 cm.
Since the eighties of the last century, public enterprise (PE) has come under sharp criticism on grounds of their poor performance standard resulting in a continuous and heavy drainage of government funds. it has been argued that the results of the PEs should by justiciable, and they must renew the lease of their lives in the economy in terms of financial viability, their social service and non-economic objectives notwithstanding. Alternatively, they should be freed from discharge of discriminative social functions and obligations as compared to private enterprise (PrE) so that their performance correctly reflect their efficiency. Demands have also been raised for privatization of PEs. It is the opinion of the present research that more exercises in the abstract plane -not backed by case studies of individual enterprises -would also lack objectivity. This book attempts to conceptualise the principles of PE in all its aspects, undertakes to analyse the performance profile of PE as compared to PrE on empirical basis on selected parameters by considering two representative enterprises, notes down concluding observations and suggests reorganization of the PE. Finally it deals with issue of privatization of PE on economic basis, freed from ideological considerations. Social justice and uplifting of backward sections of people should not be heaped on enterprise function, they should be provided for through budgetary and other direct measures. The prefix 'public' to enterprise is a contradiction in term and mutually incompatible.