Profit Planning And Control In Public Enterprises In India

A Number Of Undertakings Were Initiated Under Public Sector In India By The People At The Helm Of Affairs With Great Expectations And Enthusiastic Approach. But The Continuous Poor Performance, Shown Specially In Resource Generation By The Public Sector, Involving A Huge Investment, Not Only Dispirited The Nation But Also Compelled The Planners To Re-Think Over The Policies Adopted Earlier Regarding This. Though Several Factors Have Been Responsible For The Failure Of This Sector, The Crucial Factor Identified Is The Lack Of A Strict Financial Management And Control.Only A Scant Look Has So Far Been Cast On The Profit Planning And Control (Budgeting) A Key To The Success Of An Enterprise. Hence, A Need Was Felt To Probe The Matter Culminating In A Sincere And Serious Attempt.The Author Hopes That This Book Will Not Only Be Fruitful In Framing Policies To Improve The Functioning Of An Enterprise But Will Also Serve As A Reference For The Students Of Financial Management.

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.

Contributed articles.

Description of the techniques of financial management as applied in public and private enterprises in India.

This Treatise On Inflation Accounting Provides A Detailed Treatment Of Concepts And Techniques Of Inflation Accounting. It Gives A Clear Understanding Of Accounting Data And Their Limitations During Inflation. In This Context, An Attempt Is Made To Underline The Importance Of Inflation Accounting With Particular Reference To A Case Study Of Selected Units.

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. ​

Today, The Business World Feels That The Commerce Graduates And Post-Graduates Lack In Right Kind Of Skills Which Are Needed. Now The Time Has Come To Realise The Mismatch Between The Product And The Demand. We Have To Adopt Market Orientation To Our Products To Make Them Saleable. There Is An Urgent Need To Overhaul The Existing Business Education System To Cope Up With The Dynamic World. The Problems Faced By The Business Graduates And Post-Graduates Are Of A Great Concern For The Students, Academicians, Business World And Even For Parents. The Reasons Are Many And They Are Oriented Towards Classroom Theoretical Teaching, Lack Of Practical And Work Related Skills, Lack Of Communication Skills, Parochial And Not Global In Values And Thinking, Lack Of Base Of Information Technology, Etc. Against This Background, An Attempt Is Made In This Volume To Focus A Light On The Emerging Challenges Before Business Education And Explore Some Measures To Overcome These Challenges.