T. V. Rao
This study makes an attempt to examine the trend in Total Factor Productivity in the public sector enterprises by estimating and analysing the contributions made by major factor inputs to the growth rate of net product originating in the public enterprises. It is divided into six sections. After introducing the problem in the first section, the next three sections deal mainly with the estimation and analysis of the required time series of output, capital and labour respectively for public sector enterprises. In the last two sections, the estimates of contributions made by various sources to the growth of public enterprises are presented and some of their implications are examined. The major conclusions of the study are that the overall economic efficiency of the public sector enterprises has increased at a significant rate during the period after 1960-61, and that there seems to have been a remarkable acceleration in the growth rate of total factor productivity in public enterprises during the more recent years. TR No. 121 The conflicting considerations of the desirability of raising the levels of ling 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 spite of oft-pronounced denunciation of the free play of market forces, the intervention in the labour market has been limited and ineffective. On the other hand, the system of wage adjustment prevalent in the oragnised sector has turned wages into largely dysfunctional as factor prices and highly inequitable as factor incomes. For sometime now the need for evolving a national wage policy based on the principles of ensuring a minimum wage to all employed, rationalising the wage criteria and wage differentials and making wage adjustment functional, has been widely recognised. Approaching wages an incomes rather than prices and attempting a workable wage productivity link-up, the present paper endeavours to outline a framework of such a policy. TR No. 122 The present system of auditing in public enterprises focuses mainly on economic variables-it does not give a complete picture of how well a public enterprise is performing in relation to the preference systems impingent on it. The performance measurement system outlined in this paper yields a vector of performance indices, economic and non-economic, measured in financial and non-financial terms. These indices can be used by enterprise "stakeholders" to evaluate and influence performance. TR No. 123 This is a trend report of researchers relating to 'Psychology of Work' that have appeared in the past five years in India. Work in educational setting, industrial setting, health and family planning organisations, administrative setting, developmental work, entrepreneurship etc are the dimensions covered. On the basis of the survey two models of work-motivation have been examined and areas for future work have been suggested. This report has been prepared for the second survey of research in psychology sponsored by the Indian Council of Social Sciences Research.
