Principles, Performance, Profile and Privatisation of Public Enterprises in India

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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.

ABOUT THE AUTHOR Saktipada Datta

Being all through a student of Calcutta University since matruiculation, Saktipada Datta completed his post-graduation in 1958 and joined college service in 1959. While in service, he obtained his PH.D. Degree in 1971. He published a large number of research papers in the economic Notebook of renowned newspapers as well as economic journals. He underwent an orientation course as Academic Counselor in the Eastern regional centre in Calcutta of the Indira Gandhi national Open University in 1991 and has been continuing since then in that capacity (Counseling in post-graduate level). He emulates the spirit (in his opinion, as a humble student), of Masxism that has imbibed in his think-reservoir an outlook of treating Social science â€“and explaining social phenomena â€“in their totality embracing Political Economy, Political Philosophy, History and Sociology, and more importantly, from the standpoint of a particular philosophy. While expressing his position in regard to the same in the worlds of Karl Marx himself. â€œ All I know is that I am not a Marxistâ€ but this time not in the same sense as the great philosopher. He has since realized that there is a self in man which cannot be appropriated. On philosophical plane, the Author is an existentialist in individual life perception and considered human freedom as sacrosanct above everything else, and naturally an anti-conventionalist and non-conformist in his outlook of life.