A few conceptual issues having direct bearing on deriving the estimates of input productivities at the macro/aggregative level are discussed in the Indian context in the paper. The following issues are discussed in the paper: (a) quality index of labour, (b) time spent on travel by workers to...

The paper traces the genesis and history of the concept of bonus which has, in less than thirty years, taken on the shape of an adjunct to achieve the standard living wage: annual profit sharing; deferred wage and finally a composite of deferred wage and profit sharing including links into...

The conflicting considerations of the desirability of raising the levels of living of workers and the need for capital formation and price stability have rendered it difficult for the policy makers in India to formulate a wage policy with unqualified and mutually consistent set of objectives. In...

In this paper an attempt has been made to identify the exact year in which India broke the so called “hindu” rate of growth by employing the switching regression technique. The study suggests that the year 1981/82 is the point of break. The trend rate of growth of GDP which was 3.52 per cent...

Suppliers often offer price discounts for large purchases. These discounts are generally of two types: all unit discounts and incremental discounts. This paper presents an improved procedure for determining the economic order quantity under all unit discounting scheme. Upper bounds on the total...

This paper documents the experience of redesigning in-plant logistics operations of a large petrochemical complex in India. The complex under reference is expected to have a traffic volume of one truck per one minute by 2005. The existing systems and procedures to receive and inspect a truck,...

Fast moving consumer goods in India is characterized by intense competition leading to brand proliferation in various categories. Using consumer sales promotion to differentiate ones offer has been a common practice in matured urban markets. More and more budget is allocated to these activities...

This paper outlines a possible framework for credit project formulation and implementation exercise. For this purpose we have abstracted from the present realities and experiences of project approach of rural financing as practiced by many agencies in India, besides heavily relying on the...

Conceptually the developmental models can be arrayed on two dimensions: The time frame and decision making options or horizon. I have defined development as a process of well as the institutions (Gupta 1981, Gupta et al, 1995). The time frame refers to the period in which we appraise a...

Union Budget 1998-99 was the maiden budget of the newly elected coalition government led by the BJP. There were apprehensions about the economic philosophy of the new government indicating the possibility of a reversal of tax reforms introduced in the earlier budgets. The Finance Minister sought...