This book contains the first flush of thoughts on privatization in India which is making rapid strides and changing the fundamentals of the Indian economy. The book contains papers on wide ranging topics starting from economic liberalization, conceptual and contextual framework on privatization, financial implications of privatization to equating privatisation with public shareholdings, privatization on capital markets and privatization in the UK. The book provides gist of the initial debate on privatization examining the important perspectives such as the need for privatization, in the phase of economic liberalization, extent and scope of privatization and financial savings that could arise to the economy consequent to privatization and the models that could be used to identify public enterprises that could be divested from public enterprise portfolio. The paper presents a dispassionate view with regard to the feasibility of privatization and its limitations. To present the impact of the privatization thought the book incorporates three papers dealing with role and relevance of state level public enterprises in 1990s, India's divestment experience consequent to the introduction of new economic policy and commercialization and corporatisation of public enterprises that could pave the way for adding further momentum to the process.

The Stabilization and Structural Adjustment Programme (S&SAP) aims at constant reduction of fiscal deficits. The losses incurred by the State level Public Enterprises (SLPEs), form an important component of such fiscal deficits incurred by the various states. The sectoral composition of the losses incurred by the SLPEs has been a matter of intense debate. The extent of such losses incurred by the various state governments has also turned out to be a matter of considerable interest to the policy makers. The present volume fills up this void significantly.

This book is based on the research study sponsored by the Planning Commission. The study presents the estimates of financial profitability and losses of the SLPEs into three categories: Manufacturing, Commercial and Commercial-cum-Promotional. The study presents a normative framework to measure the performance of the SLPEs and then to find out the deviations. The causes of such deviant behaviour have been dealt at length in the present work.

This volume would be of immense research interest for the purposes of policy making to the Central and the various state governments. The research community involved in studying the efficiency of the use of economic resources would also find the volume of considerable interest to them. The students of post-graduate courses and the first level doctoral programmes in Economics, Commerce, management, and Public Administration would find the volume very useful from the point of view of understanding the fiscal dimension of the financial performance of SLPEs.

This book presents an account of the State Level Public Enterprises (SLPEs) during the period 1960-1985 and incorporates the macro dimensions of their performance 1991-92 to 2002-03. These enterprises had registered a phenomenal growth during the period 1961 to 1985-86. The contributions on various states covered their dimensions of performance during this period as related to their objectives, form of organization, investment, functional classification, profitability and net worth. The description statewise also offers a peep in their problems and the suggestions that could have made their working effective. The performance of these enterprises differed from state to state based on the socio-economic and political philosophy of each state and also the degree of professionalisation of their managerial personnel. The study reveals that whereas some states such as Andhra Pradesh and Tamil Nadu excelled in managing their SLPEs, states such as Bihar and Assam were not successful in putting up a satisfactory performance. The period 1991-92 to 2002-03 provides a perspective on the functioning of these enterprises which enables us to observe movements with regard to their various macro economic aggregates. A study of the happenings in the SLPEs during this period points out a vast scope for improvement in their capacity utilization, turnover and profits. It also reveals the need for labour adjustments in these enterprises and their plans to facilitate such adjustments. The book will be useful to policy makers, civil servants, researchers in management, economics, commerce, political science and public administration. It will also be useful to the research students registered for doctoral degree and M.Phil. Degree.

Dynamics of Rural-Urban Migration in India discusses about the socio-economic factors responsible for the migration of labourers from rural areas to urban centres, studies the nature, size, type and other characteristics of rural migrant workers, analyses as to what extent migration has contributed towards the improvement of economic conditions of migrant workers and their families, examines the effects of migration on the general improvement of the economic conditions of the areas, supporting migration, deals with the difficulties and problems faced by the migrant workers during migration and finally reviews the various legal and legislative enactments enacted by Central and State Governments to safeguard the interests of the migrant workers and the scope of their rehabilitation. The entire study is based on a combination of Macro and Micro data with specific emphasis on the latter. Migration is found to have contributed largely in improving the economic condition of the migrants and their families. The study also identifies for the first time various provisions of labour legislations enacted by Central and State Governments and their limitations to handle migration of workers moving with agents/ contractors and working in hazardous occupations and offers possible solutions how to overcome these? The book will be of immense help to academic scholars, researchers, policy makers, statesmen, labour officers, Project Directors and the general public having avowed interest on the subject.