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3721 items in total found

Working Papers | 1976

Export Performance of Indian Industries in Terms of Net Foreign Exchange Earnings and Implications for Export Policy

Wadhva Charan D

The purpose of this paper is to evaluate the export policy and performance of Indian export industries in terms of the criterion of net foreign exchange earnings and to analyze its implications for the formulation of a long-term export strategy for the country. The paper presents the results of an exercise for determining the estimated net foreign exchange earnings of Indian industries during the years 1973-74 and 1978-79. The basis of this exercise has been the 66 sector input-output table used by the Planning Commission in its 'Technical Note on Approach to the Fifth Five Year Plan of India'. On the basis of the computation of net foreign exchange earnings of 66 industries for the year 1973-74, it is shown that some of the export policies in terms of granting export incentives may not be rational if the criterion of net foreign exchange earnings was to be used for evaluating these policies. Similar computations for the year 1978-79 indicate the directions for re-orienting export incentive policies in the future using the criterion stated above. The paper explains the methodology for the computations presented and also states some of the limitations of this analysis for drawing policy conclusions.

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Working Papers | 1976

Marketing of Debentures and Shares

Gupta G S

The paper develops a methodology for decision making with respect to selling of debentures and shares (both ordinary and preference). The model is first developed in terms of a hypothetical numerical example and then the same is presented in terms of a mathematical model. The models so developed can be used to compute the price of indifference between selling and not selling for the investors in debentures and shares.

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Working Papers | 1976

Pattern of Industrial Location in Gujarat

Papola T S

This study portrays the locational pattern of the new factories started during 1960-70 in Gujarat among its districts. The aspects examined are: shares of incremental industrial activity going to each district, in aggregate as well as at the level of individual industry groups, relationship between initial and incremental shares and association of certain characteristics of districts with their share in new industrial activity. An attempt is then made to identify (i) the trends in spatial diversification of industries (ii) industries which show high/low potential for diversification and (iii) the role of certain district characteristics and institutional efforts in changing the locational pattern. In the short span of a decade covered here, the manufacturing activity has not only shown a high potential for spatial diversification, but has also actually got diversified to a significant extent. Quite a few industrially backward districts have attracted significant shares of new industrial activity; most of the industries have shown considerable locational flexibility and the structure of industries is changing in favor of such industries. Infra-structure is found to be a necessary, but not a sufficient condition for favor of location, but the effectiveness of the efforts of public institutions have further supported the view that there is nothing specific in an area that prohibits industries from going there.

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Working Papers | 1976

Strategies of Rural Development and Training of District Level Project Executives

Gupta Ranjit

The report is divided into two parts. In Part I, while discussing the strategies of rural development in India pursued since the 1950s, the author argues that these have been influenced by two distinct schools of thought: first, advocating pro-found structural changes, particularly those in land relationship, to promote growth with justice and, the second, advocating the need for tackling the immediate problem of increasing agricultural production through technological innovations and supportive measures like extension, provision of credit, and efficient input distribution. The discussion shows that 3while at no time policy makers relied exclusively on either of these schools, the attention given to each varied from time to time, depending on the food situation in the country. When the food situation was good the structuralist viewpoint gained supremacy, and when it was bad policy makers turned to the other point of view. The main planks of the present strategy and the aims, outlines and organization of the rural development programmes introduced with the adoption of this strategy are also discussed. In Part II, the author discusses the scope and limitations of the training courses being conducted by professional institutions to develop management competence of the officials, particularly the district level project executives, who are involved in the planning and imp0lementation of these programmes. The discussion highlights the need for making training a more effective instrument by removing the shortcomings listed at the end of the report. The report is based on a paper presented by the author to the Expert Group Meeting on "Training of Rural Development Personnel in Asia" held in August 1976 in Kuala Lumpur under the auspices of the Asian Centre for Development Administration.

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Working Papers | 1976

Formal Vis-à-vis Informal Credit Supply Sources in Tribal Areas: A Case of Dharampur Taluka

Desai B M

The informal credit suppliers give credit both in cash and grain, and for any purpose. They recover credit either in cash or grain or labor. Such terms and conditions suit most to the credit users whose demand for subsistence credit is acute and who have extremely limited and even stagnant opportunities to develop their economic activities in agriculture and forests. Under such conditions, the stereotyped functions of formal credit suppliers prove thoroughly inadequate. They can rarely meet the implicit policy objective of substituting an informal credit supply source. The credit source substitution process is a decision making process of the borrowers. And it is influenced by the incremental gains perceived by them. Incremental gains are defined as opportunity gains expected to be realized as a result of substitution of one source of credit for the other. Conversely, incremental losses are defined as opportunity gains expected to be lost in this process. Under the existing terms and conditions of the two types of credit sources, the incremental gains and losses are basically affected by (a) availability of an access to grain markets, (b) availability of employment, (c) interest rates, (d) grain prices, and (e) wage rates. If interest rates alone were relevant, a family would perceive an incremental benefit of Rs. 13 on every Rs. 100 borrowed from a cooperative instead of from a trade-cum-landowner, assuming interest rates of 12% and 25% respectively. However, the other factors particularly (a) and (b), have such a dominating influence that this gain would be wiped out and the family would tend not to substitute cooperative credit for moneylender credit.

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Working Papers | 1976

Options for the Fifth Sector: A Discussion of the Workers Sector Proposal

Khurana Rakesh and Dholakia Nikhilesh

A proposal has been put forward by the Finance Ministry to invest the accumulated funds from the impounded dearness allowance of workers in a new "Fifth Sector" characterized as the "Workers' Sector". The paper examines the avenues for investment for such a sector and discusses its likely organizational form. It is argued that both from the point of view of the requirements of the industrial structure and the needs of the workers. The proposed Fifth Sector should be concerned with low cost functional mass consumption goods. It is also emphasized that the organizational form should be a worker-owned and managed cooperative enterprise.

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Working Papers | 1976

Some Establishments in an Indian Metropolis (A Study on Employment and Labour Marketing in Bombay)

Papola T S

The small establishments engaged in trade, commerce, manufacturing and service activities constitute a crucial segment of an urban economy from the viewpoint of their magnitude, essentiality of absorbing large mass of job seekers. The present study focuses on the growth of these establishments, characteristics of their entrepreneurs and workers, employment and living conditions of the latter and the likely trends in the employment market, in the Bombay city. It is found that the employment in the small sector has increased much faster than in the large sector during the past; that most of the entrepreneurs are urban based, educated and have risen from the ranks of employees. The workers are predominantly migrants, but committed to the city and most of them are content with their jobs. They do not seem to have severely affected by the housing problem as large number of them can live at the place of work. This, however, prevents them from having their families with them. The employment conditions in the small sector suit the migrant workers and the expectations of growth in this sector are likely to attract more 'induced' migrants than the city can absorb. The unemployment rate in Bombay is, therefore, likely to rise unless the large scale activity substantially expands in the suburbs and induced migratory is brought down by better organization and dissemination of labor market information. A comprehensive labor market information scheme seems necessary both for reducing the imbalances and preventing large labor surpluses in the city.

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Working Papers | 1976

Rural Development in India: Problems and Prospects

George P S

This paper analyses the experiences of past programmes on rural development and provides a critical appraisal of the factors influencing the success of integrated rural development projects. The past programmes reviewed are (1) individual efforts prior to community development programme (2) community development programme (3) intensive agriculture district programme (4) high yielding varieties programme and (5) special development programmes such as SFDA/MFAL projects, CSRE and DPAP. The paper also analyses the basic concept behind integrated area development programmes and the problems involved in carrying out such programmes. It is argued that the success of integrated rural development programmes will depend on (1) identification of suitable activities based on local resources and comparative advantage and (2) participation of the rural community in evolving the activities.

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Working Papers | 1976

Styles of Top Management and Organizational Performance

Khandwalla P N

Questionnaire responses were secured from the senior managements of 103 Canadian firms about their operating styles. The dimensions of top management style studied were risk taking, optimization, orientation, participation, structuring, and coercion. Based on cluster analysis of the data, a number of operating top management styles were identified. Several environmental and contextual variables were employed to study the contextual conditions supportive of each style. Two indices of organizational performance were employed to assess the effectiveness of these styles. One index was based on objective measures of performance, namely, profitability, stability of profitability, and growth rate. The other was based on the management perception of performance relative to rivals. Implications for the design of organizations are drawn.

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Working Papers | 1976

The Personnel Manager and Community Relations

Monappa Arun

The paper suggests an expanded role for the welfare aspect of the personnel function. The traditional practice has been to take a segmented view of the employee's being and consider only his working role. It is suggested that personnel managers involve themselves in community affairs, where the plant is located or where the employees come from, not just from the social obligation point of view, but also from the point of view of taking an integrated approach to an employee's multiple role demands.

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