Download or read book Disinvestment and Privatization of Public Sector Enterprises Pses in India written by MADHUSUDANA H. S. and published by . This book was released on 2022-04-11 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces the philosophy and evolution of PSEs in the early years of post-Independent India. It records the causes of disillusionment with public sector and the consequent reversal of government policy, beginning 1991. Disinvestment and privatization policy of the present government is also set forth. Policy of the present government regarding public sector was well articulated by Finance Minister Nirmala Sitharaman in her Budget Speech to the Parliament on February 1, 2021. It has the following objectives: (a) minimizing presence of Central Public Sector Enterprises (CPSEs) including financial institutions and creating new investment space for private sector, (b) post-disinvestment, economic growth of CPSEs/financial institutions will be through infusion of private capital, technology, and best management practices, to contribute to economic growth and new jobs, and (c) disinvestment proceeds to be used to finance various social sector and developmental programmes of the government.
Download or read book Restructuring Public Enterprises in India written by R. K. Mishra and published by Mittal Publications. This book was released on 2002 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Sector Enterprises in India written by P.K. Jain and published by Springer. This book was released on 2014-06-05 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the various aspects of non-financial central public sector enterprises (PSEs) in India, for a period from 1986-87 to 2010-11. The analysis is based on all the key financial ratios; namely, profitability, efficiency, liquidity, leverage and productivity. Liberalization and globalization have caused competition in India and have lowered the profit margins. At the same time, Indian government has reduced subsidies and budgetary support for PSEs to curtail their own fiscal deficit. Strategic and economic reforms were also introduced in PSEs to make their operations commercially profitable so that they are not dependent on the government to meet their financial requirements on the one hand, and have their own earnings to finance their expansion/modernization requirements as well as their social obligations, on the other. To what extent, the PSEs have succeeded in this objective constitutes one major aspect of the present research work. The other equally important aspect examined is financial performance of the PSEs which have opted for disinvestment and have signed memorandum of understanding (MoU)/ self obligations. The Indian Government has desired the central PSEs to be profitable in their operations in post-liberation era of 1990s. For this purpose, two major instruments, namely, disinvestment and MoUs, were introduced. This book examines, in detail, financial performance of PSEs which had opted for disinvestment and have signed MoU. Based on analysis/ findings and literature on the subject, the book contains some concrete suggestions that would prove extremely helpful to Indian Government to further improve their financial performance.
Download or read book Disinvestment in India written by Sudhir Naib and published by SAGE Publications Pvt. Limited. This book was released on 2004-03-20 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: In India the path chosen to reform the public sector has been to first deregulate and liberalise the economy and then to privatise public sector enterprises. Debates have raged on since then on: whether reform of state-owned enterprises is necessary; the choice of strategy and method; and the social and economic consequences of such policies. Sudhir Naib has incisively analysed, from a theoretically informed perspective, crucial aspects of this topical issue. Among the important aspects he discusses are:/-//-/- whether the failure of Indian public enterprises has been exaggerated./-/- can public enterprises be reformed from within or are they intrinsically inefficient?/-/- is a change in ownership the only solution? /-/- impact of ownership and competition on the efficiency of Indian enterprises. /-/- methods of privatisation and the experience of other countries. /-/- impact of divestiture on performance of disinvested enterprises. /-//-/Dr Naib provides a firm-level analysis through case studies of seven partly disinvested enterprises (SAIL, BHEL, IOC, ITI, BEL, BEML, NFL). Impact of post-reform policies on enterprises is analysed in terms of changes in market share, cost structure, profitability and work culture. The strategic response of these enterprises is examined in terms of cost reduction measures, change in product portfolio, restructuring, innovation and institutional arrangement for diagnosing environmental changes.
Download or read book Disinvestment of Public Sector Enterprises in India written by Bhuri Singh Yadav and published by . This book was released on 2006-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Enterprise Management and Privatisation written by Laxmi Narain and published by S. Chand Publishing. This book was released on 2005 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of public enterprise (PE) executives have long felt the need for a book which would provide necessary information and analysis of various dimensions of PE management and privatisation. The book provides at one place, a precise and authoritative account of the concept, policy, and analysis of major issues confronting PEs. Public ownership per se does not make PE performance sub-optimal. The operation of the Government system, of which PE is a sub-system, has not been conducive to performance. During the last six decades, inadequate political will and vested interests have come in the way of freeing PEs from excessive and throttling controls, and demoralising accountability. Not letting the managers manage with the freedom required in the liberalised and globalised set-up is the problem. The multifarious and complex managerial problems of PEs, which get compounded by faltering moves towards privatisation, cannot be wished away. These have been considered in the book at some length. The book, first published in 1980, continues to be a standard work on the subject. This latest edition has been revised by Dr. R.K.Mishra, Director, Institute of Public Enterprise,Hyderabad.
Download or read book Privatization of Public Enterprises Trends and Issues written by Dr. Mohd. Aijaz and published by K.K. Publications. This book was released on 2022-01-09 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization of Public Enterprises: Trends and Issues This book presents a critical assessment of India's disinvestment exercise initiated as part of the larger economic reforms in 1991. The macro-economic crisis of the 1980s exposed the excessive expansion of Public Sector Enterprises (PSEs) which manifested a number of weaknesses in their performance. This domestic crisis was converted into an opportunity when a massive programme of disinvestment of PSEs was launched in a phased manner. A number of PSEs were privatized through the sale of equity to the public. The purpose of the reform was to limit their size and redefine their role to enhance productivity and efficiency. This study intends to review the functioning of the disinvestment drive on empirical grounds. To be precise, it examines to what extent the disinvestment of PSEs is successful on the parameter of financial efficiency, modernization, employment generation, regional imbalance, utilization of proceeds, and methods of privatization. The book provides insight for researchers and policymakers working on this current subject.
Download or read book Disinvestment Programme In India written by Sanjay Tiwari and published by Sarup & Sons. This book was released on 2006 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at the National Seminar on Disinvestment Programme in India, held at Jabalpur during 21-22 January 2005.
Download or read book Disinvestment of Public Sector Enterprises in India written by Vibha Mathur and published by . This book was released on 2004 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: On historical background of development of public sector and its disinvestment in post 1980; a study.
Download or read book Privatisation in India written by T.T. Ram Mohan and published by Routledge. This book was released on 2013-01-11 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade India has been undertaking a programme of economic reform, and at the same time the economy has been growing at a high rate. As part of the reform programme, and in line with prevailing economic thinking, India has been privatising its large, ungainly public sector. One assumption underlying this programme is the dogma that public sector enterprises are doomed to inefficiency, and that competitive market forces can be relied on to make firms more efficient once they are privatised. But is this really true? Combining rigorous data analysis with case studies to provide a balanced evaluation of the process of deregulation and privatisation within the overall context of economic reforms, the author demonstrates, remarkably, that, contrary to the prevailing view, private sector firms do not outperform public sector firms across all sectors. He also shows that revenue-raising considerations have weighed more heavily with the government than efficiency objectives. Overall, this study of the reform process in India, with its unique longstanding mix of private and public sectors, will be of great interest to all those studying reform and transition worldwide.
Download or read book Disinvestment of Central Public Sector Enterprises written by Venkatayogi Gangadhar and published by . This book was released on 2007 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Indian context.
Download or read book Privatisation of Public Enterprises written by and published by . This book was released on 1995 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Issue Of Privatization Of Public Enterprises Has Assumed The Importance In Recent Years In The Context Of Changing Global Economic Scenario, Emerging Fiscal Constraints And The Poor Performance Of Public Enterprises And Their Inability To Contribute To Further Economic Development. The Pressures And Conditionalities Imposed By The International Donor And Commercial And Lending Agencies Like The World Bank And The Imf For Structural Reforms To Ensure The Competitiveness Of Its Economy Which Include Lower Protective Tariffs, Increasing Foreign Investments In Financial Sector, Industrial Deregulation And Privatization, Is Part Of Macro-Economic Adjustment Programme And Which Plays The Positive Role In Ensuring A Healthy And Efficient Economy.The Failure Of Nationalization Acted As One Of The Principal Driving Forces Behind Privatization. In The 1980S And 1990S So Far, The Privatization As A Tool Of Economic Growth And Stability In The Changed Economic Environment Has Been Employed In A Developing Country Like India.This Book Is An Attempt To Bring Together At One Place The Various Perceptions On The Multi-Dimensional Process Of Privatization Of Public Enterprises In India With The Help Of Contributions Of Economists And Social Scientists.This Book Has Implications For Formulating Policies In Order To Restructure The Public Sector Undertakings And Work Out Various Privatization Strategies Suited To The Indian Conditions.
Download or read book Public Sector Enterprises in India written by Govind Bhattacharjee and published by . This book was released on 2020 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public Sector Enterprises in Indiais a comprehensive and authoritative work covering the entire public sector in India, including the financial sector public enterprises such as banks and insurance companies. The book begins with the philosophy behind the public sector and traces its evolution in India and its subsequent privatisation and disinvestment after the economic liberalisation of 1991. Based on the most up-to-date data and the latest developments, it examines the plight and options of a public sector paralysed by excessive government interference and now trapped hopelessly between the State and the market. Drawing widely upon global experiences, the book argues that disinvestment and privatisation need not be the only answer to reform the public sector companies. They can be rejuvenated and transformed into global champions if freed from the stifling controls by an unimaginative government machinery, by depoliticisation and separation of the government's roles as a majority stakeholder, policy-maker and regulatorand by changing their holding structure.
Download or read book Privatisation in India written by Sudhir Naib and published by Routledge. This book was released on 2022-01-13 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive work which incisively analyses, from a theoretically informed perspective, crucial aspects of India’s journey from partial divestiture to privatisation, accompanied by case studies of enterprises being privatised in FY 2022. Naib begins with the economic role of the state followed by theoretical and empirical evidence on the state versus private ownership in the first two chapters. Next, an overview of public sector in India including the New Public Sector Enterprise Policy for Atmanirbhar Bharat-2021 is discussed, before a broader examination of the global experience with privatisation is done. Naib then goes on to explore India’s journey from partial divestiture to privatisation from 1991 to 2021 in four time slots based on the political party in power. The book also looks at big ticket privatisation and asset monetisation proposed in FY 2022. Many criticised the design of National Monetisation Plan as it may lead to concentration of wealth, increasing inequalities, asset stripping, and consumers paying higher charges. The book closes by presenting six instances of big-ticket privatisations ranging from airlines, airports, banks, insurance, as well as industries such as petroleum and telecoms. The book’s timely data and analysis of key developments will interest researchers in the fields of divestiture and privatisation in India.
Download or read book Managing Disinvestment written by Abdul Quayyum Khan and published by National Publishing House. This book was released on 1998 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: With special reference to India.
Download or read book Public Enterprise Management Issues And Perspectives written by R.K. Mishra Et Al. and published by . This book was released on 2002 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Constellation Of Global Economic Forces Acting Upon The Various Economic And Business Entities In A Transforming Economy Such As India Necessitates A Thorough Inquiry Into Its Major Dimensions. This Book Is An Attempt To Capture The Salient Features Of Such Major Issues.Govt. Policies With Respect To Disinvestment, Problems In Disinvestment Processes, Disinvestment Experiments In Late 90 S Role Of Various Agencies In Disinvestment Process; Development Of Mou As A Tool In Public Enterprise Management, Competitiveness In Public Sector, Productivity Scenario In Public Enterprises, Mou In India, Financial Autonomy, Accountability And Administration Of Public Enterprises Like Topics Are Given Competent Treatment In This Book.The Book On The Whole Attempts To Bring Together, The Manifold Dimensions Of Critical Issues At The Policy And Operational Levels Of The Indian Public Enterprise Management Process.
Download or read book Turnaround written by Shiv Malik and published by Om Books International. This book was released on 2010 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study on turnaround of business in MMTC India and PEC Ltd., two major government business enterprises of India.
